Real Estate Archive

Tyson Foods Gives $1M to Downtown Springdale Alliance

by Mark Carter 1/23/2015 03:37 pm

Tyson Foods Inc. has given $1 million to the Downtown Springdale Alliance, the nonprofit working to revitalize the city's original downtown. The company also revealed plans to covert the former Jones Truck Lines terminal into its northwest Arkansas employment center, records management group and company store.

US Home Sales Rise in December

by Associated Press 1/23/2015 11:10 am

More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses.

Judge Orders Brandon Barber to Pay $450K in Restitution

by Lance Turner 1/22/2015 10:05 am

U.S. District Judge P.K. Holmes orders former northwest Arkansas real estate developer Brandon Barber to pay $450,000 in restitution to First Federal Bank, a figure significantly less than what the U.S. Attorney's office calculated last fall.

Jerry Jones Gives $10.65M to University of Arkansas Athletic Department

by Arkansas Business Staff 1/21/2015 10:22 am

The Jones' gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation. The donation will address several projects of the university's athletics department, including a 55,000-SF student-athlete center.

FedEx Schedules Groundbreaking for Southwest Little Rock Site

by Lance Turner 1/20/2015 09:59 am

FedEx has scheduled a groundbreaking for its new Ground distribution facility in southwest Little Rock.

New Tenants Filling Up Pleasant Crossing Shoppes in Rogers

by Arkansas Business Staff 1/19/2015 12:00 am

Burke Larkin of Whisinvest Realty of Rogers expects to finalize the last two leases of the 22,000-SF shopping center his company built near the Walmart Supercenter on Pleasant Grove Boulevard. Alan Cole of Colliers International represents the two tenants, unnamed until the deals are completed.

Hunt Heir Sells Starbucks Site in Fayetteville

by Arkansas Business Staff 1/19/2015 12:00 am

T.J. Lefler of Sage Partners in Fayetteville closed on the 3,258-SF building at 2117 W. Martin Luther King Blvd. on Jan. 9. Lefler and three partners had reached an agreement with Bryan Hunt LLC in December, but ironing out the details of the purchase took a while to complete.

Storage Properties Lead List of Six Recent Seven-Digit Deals

by Arkansas Business Staff 1/19/2015 12:00 am

A pair of mini-storage projects in southwest Little Rock, a commercial site in west Little Rock, an office-warehouse project in downtown Little Rock, a North Little Rock store and a Little Rock residence all generated million-dollar transactions.

Windstream's REIT Moves Out to New Office

by Arkansas Business Staff 1/19/2015 12:00 am

The real estate investment trust spinoff of Windstream Holdings Inc. of Little Rock is moving out.

Development Duo Joins Centennial Bank in Jonesboro (Movers & Shakers)

by Arkansas Business Staff 1/19/2015 12:00 am

Joey Speir and Brock Ferguson have joined Centennial Bank in Jonesboro as business development officers.

Sherwood Walgreens Sells For $3.3 Million (Real Deals)

by Arkansas Business Staff 1/19/2015 12:00 am

A Walgreens in Sherwood tipped the scales at $3.38 million. A 240-unit apartment project in southwest Little Rock weighed in at $2.8 million. And land for a 49-lot residential project in west Little Rock was assembled in two deals totaling $930,000.

OREO ‘Cleansing' Helps Stabilize NWA Real Estate

by Marty Cook 1/19/2015 12:00 am

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.

UCA Board Approves Property Acquisition, Bond Issuance for $17.6M Mixed-Use Project

by Lee Hogan 1/16/2015 11:47 am

The property, at 242 Donaghey Ave., is currently occupied by a Papa John's restaurant, owned by Ozark Pizza Co. LLC of Little Rock. The offer would pay Ozark Pizza Co. $236,000 for the .12-acre lot and another $164,000 if the property is vacated by April 15.

Average U.S. Rate on 30-year Mortgage Falls to 3.66 Percent

by Associated Press 1/15/2015 01:01 pm

Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.

Negotiations for Tech Park Properties Continue

by Arkansas Business Staff 1/15/2015 10:44 am

Little Rock tech park director Brent Birch told the board Wednesday that negotiations for targeted park properties along Main Street in downtown Little Rock are continuing. Birch said he is working with the city on a schedule of available funds to complete the purchase of the proposed properties.

Fort Smith Leads Arkansas Tech Business Index in October

by Lee Hogan 1/9/2015 09:58 am

Fort Smith remained atop the Arkansas Tech Business Index while Rogers and Russellville enjoyed the largest increases according to economic activity from October.

FAA Grants Permits for Agriculture, Real Estate Drones

by Associated Press 1/8/2015 01:04 pm

The Federal Aviation Administration on Tuesday issued permits to use drones to monitor crops and photograph properties for sale, marking the first time permission has been granted to companies involved in agriculture and real estate.

Jerry Jones Buys Land for $7M, Gives Ownership to Razorback Foundation

by Marty Cook 1/7/2015 01:31 pm

Dallas Cowboys owner Jerry Jones bought 254 acres in south Fayetteville for about $7.3 million. Jones purchased the property from Chambers Bank of Danville.

Hurley Chiropractic Buys Conway Property for $1.55M

by Arkansas Business Staff 1/7/2015 09:06 am

Hurley Chiropractic & Wellness Center has purchased the Meadowlake Corner Shopping Center in Conway for $1.55 million.

Investment Group Finalizes Purchase of DoubleTree Hotel in Little Rock

by Mark Carter 1/6/2015 01:20 pm

The group represents a partnership between Fifth Avenue Capital, a New York City private equity investment firm led by the principals of Pearson Partners Inc., and Waterford Hotel Group, a Connecticut company.