Real Estate Archive

Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner 7/17/2014 08:57 am

Arvest Bank's first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.

Study: US Millennials Buying Homes Later

by Associated Press 7/16/2014 11:36 am

Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia.

Chuy's Ringing Up Former Saturn Property in NLR

by Arkansas Business Staff 7/14/2014 12:00 am

Chuy's, the popular Tex-Mex chain, is on its way to North Little Rock. With 27 locations open and more on the way, it will be setting up shop at 5105 Warden Road.

Geyer Springs Shopping Center Leads Off List of Recent Million-Dollar Deals

by Arkansas Business Staff 7/14/2014 12:00 am

This week's installment of seven-digit deals is led off by neighboring retail properties in southwest Little Rock.

Springdale Warehouse Has New Lease in the Bag

by Arkansas Business Staff 7/14/2014 12:00 am

Olivet International Inc. of Mira Loma, California, has leased a 130,000-SF warehouse in Springdale. Olivet manufactures a variety of products such as apparel and luggage. The warehouse at 603 N. Monitor Road is owned by WAJA Inc. of Fort Smith.

Midtown Walgreens Sells for $6.1 Million (Real Deals)

by George Waldon 7/14/2014 12:00 am

A Walgreens pharmacy in midtown Little Rock tipped the scales at $6.1 million. A 342,800-SF warehouse in south Little Rock weighed in at $2 million. And a 7,800-SF retail building in southwest Little Rock is under new ownership after a $743,000 sale.

Tracy Morgan Sues Wal-Mart for Crash That Killed 1 in New Jersey

by Associated Press 7/12/2014 10:47 am

Former "Saturday Night Live" star Tracy Morgan has sued Wal-Mart over a highway crash involving one of its drivers that left him seriously injured and a fellow comedian dead.

Jay Chesshir: Acquisition Process for Tech Park Could Be Done by End of Year

by Mark Carter 7/11/2014 10:05 am

Little Rock Regional Chamber of Commerce CEO Jay Chesshir believes the acquisition process for the recommended site of the planned Little Rock tech park could be "substantially done by the end of the year."

UCA Gauging Retail Interest in Mixed-Use Development

by Lee Hogan 7/10/2014 11:04 am

The University of Central Arkansas is starting to look into the interest levels businesses may have in being a part of the first phase of the university's renovation of Donaghey Avenue.

LR Tech Park Board Hears Main Street Site Recommendations

by Arkansas Business Staff 7/10/2014 09:53 am

The real estate firm selected by the Little Rock Technology Park Authority Board to help search for a downtown site for the planned tech park on Wednesday recommended the acquisition of five properties along Main and Scott streets.

Murphy Oil to Begin Construction on New Headquarters in El Dorado

by Associated Press 7/9/2014 08:19 am

The facility will include a two-story building with a lobby and general meeting rooms connected to a five-story structure that will hold the company's offices.

Prosecutors Plan Appeal in Case of Brandon Barber's Attorney, K. Vaughn Knight

by Gwen Moritz 7/8/2014 04:56 pm

Conner Eldridge, U.S. Attorney for the Western District of Arkansas, and First Assistant U.S. Attorney Wendy L. Johnson filed notice that they will appeal U.S. District Judge P.K. Holmes' decision to throw out a jury's conviction of Knight on eight felony charges.

Construction Starts on South Main District Apartment Complex

by Arkansas Business Staff 7/8/2014 11:29 am

Construction started recently on the South Village Apartments at Quapaw in the South Main District in downtown Little Rock. The complex will feature 16 one- and two-bedroom apartments. It's set to open in early 2015.

$6.2M Transaction Visits Village Green Apartments (Real Deals)

by George Waldon 7/7/2014 12:00 am

A 172-unit apartment project in southwest Little Rock weighed in at $6.2 million. Entities with common ownership were on either side of a $960,000 transaction in downtown Little Rock's The Residences at Building 5.

Purchases Spur Redevelopment Of Bank Branch Sites

by George Waldon 7/7/2014 12:00 am

Two competitors recently stepped into the Pulaski County banking market to replace Metropolitan National Bank and National Bank of Arkansas. Even with the redevelopment of four NBA branches, Pulaski County has no shortage of banking locations, with 199 full-service branches operated by more than two dozen lenders.

‘Never Let a Crisis Go to Waste' (Jim Fram Commentary)

by Jim Fram 7/7/2014 12:00 am

The Greater Hot Springs Chamber of Commerce and the Hot Springs Metro Partnership recognized after the Majestic Hotel fire that they should embrace the adage to "never let a crisis go to waste," commissioning the Downtown Game Plan Task Force to study all aspects of downtown development.

Reese Rowland Named Fellow of American Institute of Architects

by Arkansas Business Staff 7/7/2014 12:00 am

Reese Rowland has been named a fellow of the American Institute of Architects, awarded to fewer than 4 percent of AIA members. He was one of 46 architects selected in the design category. The fellowship program honors architects who have made a significant contribution to architecture and their communities.

Bentonville Warehouse Goes Full Tilt for New Look

by Arkansas Business Staff 7/7/2014 12:00 am

Construction is expected to be completed by November on an office and warehouse facility in Bentonville, and it will have a different look.

No Daily Report, E-newsletters on Friday

by Arkansas Business Staff 7/3/2014 10:01 am

Arkansas Business will not send the Daily Report or weekly industry e-newsletters on Friday, the Fourth of July. Arkansas Business Publishing Group offices will be closed Friday as well, reopening on Monday. ABPG wishes everyone a happy Fourth.

Survey: Midwest Economy Growing

by Associated Press 7/1/2014 09:23 am

The economy in nine Midwestern and Plains states including Arkansas should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.