Real Estate Archive

Sassy's Red House Expected To Charge Into El Matador's Current Home

by Arkansas Business Staff 2/23/2015 12:00 am

KGA LLC, led by Matt Christie, the owner of Grub's Bar & Grille, has purchased the building currently known as El Matador Mexican Grill & Bar on North Steamboat Drive in Fayetteville for $630,000 from Horizant Properties LLC, led by Clete and Tammy Brewer.

One Smashburger Likely Won't Be Enough for Ozark Region

by Arkansas Business Staff 2/23/2015 12:00 am

The impending arrival in April of Arkansas' first Smashburger restaurant, at 500 S.E. Walton Blvd. in Bentonville, is pretty widely known. But Whispers tracked down Mark Bishop, co-owner of the franchise with Arlie Burris, and got a few more details that you may not know.

Investors Scoop Up Former Dollar Generals (NWA Real Deals)

by Arkansas Business Staff 2/23/2015 12:00 am

An investment group bought two former Dollar General buildings in northwest Arkansas for a total of $775,900. Raymond Merrill paid $1.9 million for University Village Center at 1545 W. 15th St. in Fayetteville. And Adam Yates, owner of Razorback Awning & Ironworks, bought the former home of Dennis Home Furnishings at 3525 S. School Ave. in Fayetteville.

Wilmington Apartments Visited by $3.9M Sale (Real Deals)

by George Waldon 2/23/2015 12:00 am

The sale of a 120-unit apartment complex in North Little Rock weighed in at $3.85 million. Construction of a 25,000-SF home improvement store is in motion after a $2.1 million land deal in west Little Rock. And a 55,565-SF mini-storage facility in southwest Little Rock tipped the scales at $1.7 million.

Vacancy Rate Moves Up in Central Arkansas Retail Commercial Properties

by Arkansas Business Staff 2/23/2015 12:00 am

The vacancy rate for retail commercial property in central Arkansas moved up slightly in fourth-quarter 2014, according to the Central Arkansas Commercial Data Exchange.

Conway Hopes To Lure Business to New Airport at Cantrell Field

by Sean Beherec 2/23/2015 12:00 am

Nearly six months after the opening of the new Conway municipal airport, the facility is already buzzing with activity. The planners behind the project have also set their sights on the next steps to grow its role in the state and attract business.

TAC Air Lands Long-Term Deal at Clinton National Airport

by George Waldon 2/23/2015 12:00 am

TAC Air of Dallas has committed to invest $11 million in capital improvements and more to benefit general aviation and commercial air service at Clinton National Airport in Little Rock.

German Steel Company to Buy Vacant Building in Osceola

by Associated Press 2/20/2015 03:33 pm

The Osceola city council has agreed on a proposed sale of a vacant building to the German steel company, SMS.

ABF Freight Remains Unmoved in Relocation

by Arkansas Business Staff 2/16/2015 12:00 am

Last summer, ABF Freight, a subsidiary of ArcBest Corp. of Fort Smith, received a $4 million grant from a Memphis-area economic development group to relocate in Memphis. ArcBest, through affiliate Transport Realty Inc., bought two properties totaling 13.55 acres at the proposed relocation site for about $600,000 in 2014.

Lakewood Manor Buy Checks In at $3.7M (Real Deals)

by George Waldon 2/16/2015 12:00 am

An 85-bed nursing home in North Little Rock tipped the scales at $3.7 million. A 42,500-SF mini-storage facility in southwest Little Rock weighed in at $2.35 million. And a 47,906-SF building in downtown Little Rock changed hands in a $1.6 million deal.

The Perfect Arkansas Business Story (Gwen Moritz Editor's Note)

by Gwen Moritz 2/16/2015 12:00 am

I was reminded of David Allan Coe's recording of Steve Goodman's perfect country and western song when I saw the truly astonishing traffic to the ArkansasBusiness.com website generated by last week's story on the Dunklin family land feud.

Asa Hutchinson Announces Five Appointments

by Arkansas Business Staff 2/10/2015 04:32 pm

Gov. Asa Hutchinson Thursday announced appointments to the State Police Commission, the State Parks Commission, the Real Estate Commission, and also named two special associate justices to the state Supreme Court.

University of Arkansas Touts $1.2B Economic Impact in 2014

by Arkansas Business Staff 2/10/2015 10:56 am

The University of Arkansas released a report Tuesday that says the university has an economic impact on "state and local economies" of $1.2 billion, up 66 percent from the previous year.

Property Owners Eligible for Assistance Under Watershed Plan

by Associated Press 2/10/2015 07:16 am

Farmers and landowners in Benton and Washington counties have until March 20 to submit applications to receive financial aid to implement conservation practices through the Illinois River Sub-Basin and Eucha-Spavinaw Lake Watershed Initiative.

Steven Plaisance Named CEO at Arvest Mortgage Co., Central Mortgage Co.

by Arkansas Business Staff 2/9/2015 11:28 am

Steven Plaisance of Tulsa has been named CEO for Arvest Mortgage Co. and Central Mortgage Co., a wholly owned subsidiary of Arvest Bank, the company announced Monday.

Landers Dealership Properties Add Up to $17.8M (Real Deals)

by George Waldon 2/9/2015 12:00 am

The sale of auto properties in west Little Rock weighed in at a combined $17.8 million. The sale of a 44,337-SF hangar at Clinton National Airport tipped the scales at more than $8.2 million. And a former USA Drug project in west Little Rock is under new ownership after a $1.95 million sale.

Michael Hocutt Selected To Head General Contractors Association (Movers & Shakers)

by Arkansas Business Staff 2/9/2015 12:00 am

Michael Hocutt, president of Clark Power Corp. of Little Rock, has been chosen to lead the Associated General Contractors of Arkansas as 2015 president. Hocutt represents the utility division and has 37 years of industry experience.

Pair of Properties in Downtown Rogers Sold

by Arkansas Business Staff 2/9/2015 12:00 am

Activity in downtown Rogers is picking up by the looks of two very recent sales.

No Rest for Michael Morton in Lonoke County Nursing Home Buys

by Arkansas Business Staff 2/9/2015 12:00 am

A trio of Lonoke County nursing homes is under new ownership in transactions totaling $8.4 million.

Title Granted to Magellan on Slim Piece of Pulaski Property

by Arkansas Business Staff 2/9/2015 12:00 am

Pulaski County Circuit Judge Alice Gray has signed an order of possession for a 0.17-acre piece of land in North Little Rock that was the subject of an eminent domain filing.