Real Estate Archive

Gaillardia Club Woes Spawned Phil Herrington Bankruptcy

by Mark Friedman 7/25/2016 12:00 am

Herrington's $13.45 million Chapter 11 reorganization, filed on March 18, represents one of the largest debt totals in a personal bankruptcy filing in recent years in Arkansas. He listed $5.1 million in assets.

Survey: Branch Banking in the U.S. Still a Robust Service

by Arkansas Business Staff 7/25/2016 12:00 am

Bank customers continue to seek the human touch provided by bank branches, according to a survey by Protiviti, a global consulting firm based in Menlo Park, California. The survey, released late last year, found that 84 percent of bank customers visit their branches at least once a month.

Rockline Industries Expands in Springdale (NWA Real Deals)

by Marty Cook 7/25/2016 12:00 am

Rockline Industries of Sheboygan, Wisconsin, a wet-wipe manufacturer, paid $2.25 million for a 50,000-SF warehouse close to its manufacturing facilities in Springdale.

North Little Rock Apartment Land Draws $2.8M Sale (Real Deals)

by George Waldon 7/25/2016 12:00 am

Richardson Properties LLC, led by Keith Richardson, purchased the undeveloped 64.5-acre tract adjoining Foothills Apartments at 2401 Lakeview Road.

Foreclosure Hearing Delayed Amid Possible Main Street Lofts Sale

by George Waldon 7/22/2016 10:53 am

A court hearing that would have kept the foreclosure train moving on the Main Street Lofts project was postponed Friday morning.

College Marketplace in Fayetteville Sells For $23M

by Marty Cook 7/21/2016 10:11 am

A California real estate investor paid more than $23 million for College Marketplace in Fayetteville, the five-acre shopping center that is anchored by Whole Foods Market at 3425 N. College Ave.

Wall Street Journal: Bank of the Ozarks Fills Loan Void in Big Markets

by Lance Turner 7/20/2016 10:33 am

The Wall Street Journal today takes a look at Bank of the Ozarks Inc. of Little Rock, which it says is filling a loan void in big markets like New York and Houston.

Tyson Offers To Buy Out Lease on Closed Iowa Plant

by Associated Press 7/19/2016 12:52 pm

Tyson Foods is offering to pay $400,000 to buy out its remaining lease on a plant it closed in 2014 in the northwest Iowa town of Cherokee.

US Homebuilder Sentiment Slips in July

by Associated Press 7/18/2016 11:25 am

U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall.

Towne Oaks Apartments Combo Sold in $10 Million Deal

by Arkansas Business Staff 7/18/2016 12:00 am

This week's installment of multimillion-dollar real estate transactions features seven west Little Rock properties.

Ralph Vines on Paving the Road to Success with Good Decisions

by Arkansas Business Staff 7/18/2016 12:00 am

Ralph Vines started Kesser International in 1987 as a sole proprietorship while he also was serving in the U.S. Army.

Colony West Apartments Draw $6.3 Million Sale (Real Deals)

by George Waldon 7/18/2016 12:00 am

A 126-unit apartment complex in west Little Rock weighed in at $6.3 million, and a Heights retail project tipped the scales at $1.34 million.

Beige Book: Economy Improving, Modest Job Growth Across US

by Alexis Hosticka 7/14/2016 10:19 am

The U.S. economy has continued to improve at a modest pace, according to the Federal Reserve's latest survey of business conditions, released Wednesday.

Little Rock Tech Park Board Votes to End Lease at Markham Street

by Sarah Campbell 7/14/2016 10:10 am

The Little Rock Technology Park Authority Board voted Wednesday to pay a $38,100 fee to terminate its lease and move out of its temporary space at 107 E. Markham St. by Feb. 28.

CapRocq Buys $8M Mission Corporate Centre in Kansas

by Arkansas Business Staff 7/14/2016 09:49 am

CapRocq Core 2, an Arkansas-based real estate partnership, this week announced an $8 million investment in the Mission Corporate Centre in Mission, Kansas, a suburb of Kansas City, Missouri.

2 Batesville Hotels Sell for $6.9M, Renovations Planned

by Arkansas Business Staff 7/13/2016 04:12 pm

Two hotels in Batesville sold for a combined $6.9 million in May to JJ Global LLC and Hotel Investments Ltd. Liability Co., HotelBrokerOne announced Wednesday.

Arkansas Home Sales Up 14 Percent in May

by Alexis Hosticka 7/12/2016 02:12 pm

Arkansas home sales rose 14 percent in May, according to a report by the Arkansas Realtors Association.

AMR Files Foreclosure Suit Against Scott Reed Over Little Rock Lofts

by Arkansas Business Staff 7/11/2016 12:00 am

AMR Construction LLC escalated its efforts to collect money from “developer” Scott Reed of Portland, Oregon.

Blessings Neighbors Ben Burris, Matt Wait Sue Each Other in Property Dispute

by Arkansas Business Staff 7/11/2016 12:00 am

Ben Burris, who owns the Arkansas Dentistry & Braces chain in Arkansas, filed a $10,000 lawsuit claiming negligence by his neighbor.

Multifamily Acreage Sells for $3.3 Million (Real Deals)

by George Waldon 7/11/2016 12:00 am

Richardson Properties LLC, led by Keith Richardson, purchased 69 acres in west Little Rock with apartments in mind.