Real Estate Archive

Tech Park Transactions Surpass $12.6 Million (Real Deals)

by George Waldon 5/23/2016 12:00 am

The acquisition encompassed four office buildings and three parking lots. The biggest deal with Five Main LLC, led by Warren Stephens, was valued at $10.8 million

Arkansas Consumer Sentiment Continues to Climb

by Arkansas Business Staff 5/18/2016 09:36 am

The current consumer sentiment index for Arkansas is 84.9, up from 77.8 in September, according to the spring 2016 Arvest Consumer Sentiment Survey, released Tuesday.

Jack Mullen, Paula Cholmondeley Join Board of Growing Bank of the Ozarks

by George Waldon 5/16/2016 11:38 am

At Monday's annual shareholders meeting, Chairman and CEO George Gleason also announced that a third seat would be filled by Trevor Burgess, president, CEO and founder of the $1.7 billion-asset C1 Financial Inc. of St. Petersburg, Florida.

Developers Propose Apartments for Donaghey Building

by Alexis Hosticka 5/16/2016 10:10 am

The Donaghey Building at Seventh and Main streets in Little Rock is on the agenda for the city board of directors meeting on Tuesday, with an applicant seeking to rezone the site to a multi-use development.

Main Street Lofts Asks for Clarification in Arbitration

by Arkansas Business Staff 5/16/2016 12:00 am

Before a general contractor's foreclosure action begins, Main Street Lofts LLC and Main Street South LLC asked an arbitrator to split the $896,756 award for unpaid work between properties.

John Rogers Lakewood Mansion Still on Market

by Arkansas Business Staff 5/16/2016 12:00 am

An unnamed buyer and Centennial Bank were less than $100,000 apart from completing the deal for the North Little Rock property when negotiations broke down.

No Charge From Nabholz for Insurance Department Building Budget

by Arkansas Business Staff 5/16/2016 12:00 am

Arkansas Insurance Department spokesman Ryan James said the department asked Nabholz to run some numbers “for informational purposes.” No bids or proposals were sought and no payment made for the one-page estimate dated April 25.

Central Arkansas Retail Space Vacancy Rate Drops

by Arkansas Business Staff 5/16/2016 12:00 am

The vacancy rate for retail space in central Arkansas stood at 4.7 percent in first-quarter 2016, compared with 4.8 percent in fourth-quarter 2015, according to Xceligent Inc. of Independence, Missouri, a provider of information and reports on area real estate.

Presidential Hotel Hosts $8.5M Sale (Real Deals)

by George Waldon 5/16/2016 12:00 am

LR HI Associates LLC, an affiliate of Centura Capital of Conshohocken, Pennsylvania, bought the Holiday Inn-Presidential at 600 Interstate 30. The seller is HI Presidential LLC, led by Larry Carpenter.

Communications Sales & Leasing Reports 1Q Earnings up From 4Q

by Sarah Campbell 5/12/2016 10:21 am

Communications Sales & Leasing of Little Rock on Thursday reported a first-quarter net income of $8 million, a gain of $800,000 from $7.2 million in the fourth quarter.

Jonesboro Voters Repeal New Property Maintenance Code

by Associated Press 5/11/2016 09:11 am

Voters in Jonesboro have repealed a measure that would have imposed new regulations on how property is maintained throughout the city.

Chick-fil-A Selects Strip of Gateway Town Center

by Arkansas Business Staff 5/9/2016 12:00 am

An eatery site at Little Rock's Gateway Town Center, a dental development in North Little Rock and rural acreage in southeast Pulaski County provide our trio of million-dollar deals.

Worldwide Number of Bank Branches on Decline

by Arkansas Business Staff 5/9/2016 12:00 am

Technology has changed the relationship between banks and their customers, a change resulting in the decline in the number of bank branches per capita worldwide.

Arkansas Insurance Department Puts Out Feelers on New Space

by Arkansas Business Staff 5/2/2016 12:00 am

The Arkansas Insurance Department may have its eye on a new office building.

Cajun Cajoling Adds Fuel to Energy Security Speculation

by Arkansas Business Staff 5/2/2016 12:00 am

Although Energy Security Partners CEO Roger D. Williams has said that “all indications are that Jefferson County will be our home,” he also hasn't expressly ruled out other sites, either.

Old Mill Bread Eyes Spot in River Market

by Arkansas Business Staff 5/2/2016 12:00 am

Old Mill Bread & Flour Co. hopes to have a location in Ottenheimer Market Hall in the River Market within a month, says John Graham, manager of Old Mill and father of the restaurant and bakery's owner, Andrew Graham.

Theories Foam Over Future Plans for Suds Carwash in Fayetteville

by Arkansas Business Staff 5/2/2016 12:00 am

Joshua Brown, co-founder of Haag Brown Commercial Real Estate & Development in Jonesboro, said he can't confirm what his company's plans are for a Fayetteville car wash it bought recently.

List of Hancock Fabrics Store Closings Begins with Little Rock's Tanglewood Location

by Arkansas Business Staff 5/2/2016 12:00 am

For those wondering: Why was the Little Rock Hancock Fabrics store listed No. 1 among a 70-store round of closings?

US Employment, Earnings Gains Rose in March

by Arkansas Business Staff 5/2/2016 12:00 am

The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose.

Arkansas Convention Center Troubles Dog Texarkana Investor

by Mark Friedman 5/2/2016 12:00 am

Dr. Hiren D. Patel's investments in a convention center and hotels on both sides of Texarkana have turned into one financial headache after another.