Real Estate Archive

The Beauty of New Market Tax Credits (James Harkins Commentary)

by James Harkins 9/8/2014 12:00 am

One of the most important parts of my job as a real estate professional is understanding the financial tools available to clients. The goals of most buyers, as well as of those needing help with new construction or substantial rehabilitation projects, would be impossible to achieve without guidance on financing.

Bank of the Ozarks Taps Keesee To Lead Western Division (Movers & Shakers)

by Arkansas Business Staff 9/8/2014 12:00 am

Don Keesee has been named western Arkansas division president at Bank of the Ozarks. Keesee, who has more than 30 years of financial experience in Arkansas, worked for Arkadelphia-based Summit Bank in Fort Smith until its recent acquisition by Bank of the Ozarks.

Arvest Forecloses on Downtown LR Building Owned by Matt Lile

by Arkansas Business Staff 9/8/2014 12:00 am

The bank's foreclosure is on two loans totaling more than $821,500 secured by the 20,332-SF building at the northeast corner of Center and Sixth streets. The property is the home of EJ's restaurant in downtown Little Rock.

Conway Kum & Go Leads Trio of Faulkner County Million-Dollar Deals

by Arkansas Business Staff 9/8/2014 12:00 am

The $3.6 million sale-leaseback of a super convenience store is atop this week's series of big-bucks real estate deals in Conway.

Fayetteville's El Matador Plans New Location for 2015

by Arkansas Business Staff 9/8/2014 12:00 am

Ground should be broken in Fayetteville next month for El Matador Mexican Grill & Bar on a 1.14-acre site next to the Walmart Neighborhood Market off Wedington Drive at 3475 Black Forest Drive.

Lawsuit Sheds Light on Leaky Properties in Hot Springs

by Arkansas Business Staff 9/8/2014 12:00 am

RichRich Properties LLC of Maumelle bought two commercial properties in Hot Springs in February only to discover that they were money pits.

SoMa Neighborhood May Soon See Another Restaurant

by Arkansas Business Staff 9/8/2014 12:00 am

A new restaurant at 1318 S. Main St. in downtown Little Rock appears a step closer to reality. Restaurateur Bart Barlogie Jr., co-owner of The Fold, has filed an application for a mixed drink and retail beer permit.

Former Allens Warehouse in Springdale Sold for $4.2M

by Arkansas Business Staff 9/8/2014 12:00 am

Automotive dealer Larry Breeden of Van Buren bought the 3.58-acre development at 705 N. Thompson St. through his Springdale Thompson Warehouse LLC.

Cranford Co. Joins Tenants in Arkansas Building on Main Street in Little Rock

by Michelle Corbet 9/4/2014 02:00 pm

Cranford Co., the advertising agency founded by brothers Jay, Ross and Chris Cranford, announced Thursday plans to move into office space in the Arkansas Building at 524 Main St. in Little Rock.

Arvest Skyline Report: NWA Commercial Vacancy Rates Down, Multifamily Rates Up

by Lee Hogan 9/4/2014 10:55 am

Vacancy rates during the first six months of 2014 in the northwest Arkansas commercial real estate market were down nearly 1 percent from a year ago, while multifamily vacancy rates were up more than 2 percent, according to the Skyline Report from Arvest Bank.

US Home Prices Rose at Slower Pace in July

by Associated Press 9/2/2014 07:44 am

U.S. home prices rose in July but at a slower rate compared with earlier this year. The moderating price increases could help support sales.

Scooter Stuart's Tainted Assets Draw More Fire

by George Waldon 9/1/2014 12:00 am

This year's number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing.

Central Arkansas Retail Space Vacancy Rate Stays Stable

by Arkansas Business Staff 9/1/2014 12:00 am

The vacancy rate for commercial retail space in central Arkansas stood at 5.3 percent in second-quarter 2014, compared with the first-quarter rate of 5.2 percent and the year-earlier rate of 6 percent.

Metro Builders Property Weighs In at $3.8 Million (Real Deals)

by George Waldon 9/1/2014 12:00 am

A commercial project in North Little Rock shifted ownership in a $3.8 million transaction. Dozens of lots in North Little Rock's Villages of San Luis residential development were sold in combined transactions totaling $1.56 million. And a 17,234-SF nonprofit facility in midtown Little Rock tipped the scales at $1.35 million.

David Henry Home Set for Thursday Auction at Pulaski County Courthouse

by Arkansas Business Staff 9/1/2014 12:00 am

In addition to a five-year prison sentence for mail fraud and tax evasion, attorney David Henry Sr. forfeited his Little Rock home as part of a restitution plan to pay back $1.02 million.

One Bank Makes Claim on Branch Property Titled to Scooter Stuart Partnership

by Arkansas Business Staff 9/1/2014 12:00 am

A lawsuit challenges who owns the OneBanc branch at 14711 Cantrell Road in west Little Rock. Real estate records indicate a general partnership called Bank Partners. One Bank & Trust claims it is the rightful owner.

Main Street Walgreens Tops List of Recent Seven-Digit Deals

by Arkansas Business Staff 9/1/2014 12:00 am

This week's roster of million-dollar transactions includes samplings from the retail, residential and industrial sectors.

Realtors: July Home Sales Up Nearly 11 Percent

by Arkansas Business Staff 8/28/2014 10:41 am

Arkansas home sales rose nearly 11 percent in July compared to the same month last year, according to a report Thursday by the Arkansas Realtors Association.

Arvest Consumer Survey: Arkansans Have Debts, Saving Rates Similar to Region

by Lee Hogan 8/26/2014 09:18 am

Arkansas consumers have similar debts and saving rates to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.

Trinity Renewed: Keller Links Health of Episcopal Church to Community

by Jan Cottingham 8/25/2014 12:00 am

When he took office six months ago, the Rev. Christoph Keller III told Little Rock developer Rett Tucker, a longtime church member who helped recruit Keller, that he intended to be an “energetic interim.” To that end, Keller has launched an effort to reinvigorate the cathedral, which will mark the 130th anniversary of its downtown founding on Oct. 30.