Real Estate Archive

Multifamily Vacancy Up, Development 'Hot' Along I-540 in Bentonville, Rogers

by Marty Cook 4/8/2014 10:15 am

Vacancy rates for multifamily housing in northwest Arkansas rose in the second half of 2013, according to a Skyline Report from Arvest Bank released Tuesday.

Nontraditional Benefits, Unusual Perks Growing In Popularity

by Luke Jones 4/7/2014 12:00 am

Increasingly, companies are looking to offer benefits that fall outside the normal range: flexible hours, paid lunches, ice cream on Fridays. These perks might not be mentioned in the company handbook, but they're becoming more important in attracting a new generation of employees and keeping the old ones.

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

by Marty Cook 4/7/2014 12:00 am

The names of Arkansas' largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees.

Prairie Wings Hunting Property Brings In High Price

by Arkansas Business Staff 4/7/2014 12:00 am

A well-known hunting property in east Arkansas attracted a $13.1 million sale.

Farmland Produces $1.8M Transaction (Real Deals)

by George Waldon 4/7/2014 12:00 am

More than 800 acres in east Pulaski County tipped the scales at $1.87 million. A media office project in west Little Rock weighed in at $1.65 million. And the sale of a 23.4-acre mini-storage development in south Pulaski County changed hands in a $1.2 million sale.

Johnny Kincaid To Leave Whisenhunt

by Arkansas Business Staff 4/7/2014 12:00 am

Johnny Kincaid, chief operating officer at Little Rock's Whisenhunt Investment Group, will be leaving the firm by midyear.

Maumelle Leads Recent Million-Dollar Deals in Pulaski County

by Arkansas Business Staff 4/7/2014 12:00 am

A foursome of Pulaski County properties generated seven-digit transactions.

U.S. Pizza Coming to Cabot

by Arkansas Business Staff 4/7/2014 12:00 am

Esther McClellan and her husband, Hunter, are joining with business partner Don Henderson to launch a U.S. Pizza in Cabot, with an opening planned by August.

Billy Sims Barbecue Coming Sooner Than Later to Bentonville

by Arkansas Business Staff 4/7/2014 12:00 am

Billy Sims Barbecue restaurant is scheduled to have a grand opening April 23, Bentonville officials said.

NY Post Reports Alice Walton Might Be Buyer of $70M Penthouse

by Mark Friedman 4/4/2014 11:06 am

The NY Post reported Thursday that Alice Walton, the daughter of Sam Walton and founder of Bentonville's Crystal Bridges Museum of American Art, is rumored to be the mystery buyer of the $70 million, "Jewel of Fifth Avenue," the most expensive co-op in New York's history.

US Employers Add 192k Jobs; Rate Stays at 6.7 Percent

by Associated Press 4/4/2014 08:50 am

U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

Flashbacks of Arkansas Business' First 30 Years (Editor's Note)

by Gwen Moritz 3/31/2014 12:00 am

To celebrate Arkansas Business' 30th anniversary, the staff decided to pull out and reprint some of the stories that we felt were the most important, the most interesting and the most fun. Arkansas Business is still reporting on the state economic scene with business executives as its readership, sticking to its mission of providing the revealing, memorable and important business news available in Arkansas.

Kidnapped! Johnny Allison Describes Shocking Incident That Changed His Life

by John Haman and David Smith 3/31/2014 12:00 am

Johnny Allison, the manufactured-home magnate who apparently was kidnapped June 5 by escaped convict James Avery Slack and escaped by crashing his car into a dump truck, spoke to Arkansas Business about the ordeal after returning home to Conway last week.

6-Inch Error in Laying Concrete Puts Alltel Arena Project Behind Schedule

by David Smith 3/31/2014 12:00 am

Construction on Alltel Arena is more than a month behind schedule because of an error in geometric calculations by the concrete contractor, the senior project manager for the $53 million construction job says.

Harvey & Bernice Jones Trust ‘Frost' Bitten?

by John Haman 3/31/2014 12:00 am

H.G. “Jack” Frost Jr. was only a part-time employee of the Harvey and Bernice Jones Charitable Trust 1 in his position as trustee, but in fiscal year 1994 his salary tripled, giving him an annual compensation package of more than $350,000 in salary and consultation fees.

Who is Melanie Steele... And Why Is She Buying All This Stuff?

by Gwen Moritz 3/31/2014 12:00 am

Since the beginning of the year, Melanie Steele has paid $1 million for a home in Chenal Valley; $385,000 for a house in Canal Pointe and $92,000 for the lot next door; $357,500 for a house in the Lakewood section of North Little Rock; and $80,000 for a house that she then moved off its lot in Indian Hills. All in cash.

Despite Name, Arkansas Casino Corp. Operator Closely Tied to Texas, Idaho

by Michael Whiteley and Mark Friedman 3/31/2014 12:00 am

As an officer of Arkansas Casino Corp., the Dallas civil trial attorney feared that what happened in 1998 would happen again. That year, the company failed to round up enough signatures to put an initiative before the voters that would allow it to operate six casinos in Arkansas as well as pave the way for a state-run lottery and legalize charitable bingo.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

Process Server Relates ‘Look of Terror' on Face of Bond Scammer Kevin Lewis

by George Waldon 3/31/2014 12:00 am

Kevin Lewis wasn't a high-profile guy until he started attracting lawsuits and the attention of federal investigators in connection with allegations of bank fraud involving multiple lenders. The day-to-day whereabouts of Lewis might be as enigmatic as the man, but Andy Myers can tell you where Lewis was on Feb. 3. That's the day he caught up with Lewis at his parents' home in Searcy.

Arkansas February Home Sales Up 12.5 Percent

by Arkansas Business Staff 3/28/2014 11:12 am

Arkansas February home sales rose 12.5 percent from the same month last year, driven by gains in Benton, Faulknew and Saline counties, according to a report by the Arkansas Realtors Association.