Real Estate Archive

Carrington Complex Draws $21.5 Million Transaction (Real Deals)

by George Waldon 7/21/2014 12:00 am

A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale.

Lessons Learned (Editorial)

by Arkansas Business Editors 7/21/2014 12:00 am

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints).

Better Words, Higher Prices (Jim Karrh On Marketing)

by Jim Karrh 7/21/2014 12:00 am

There's no shortage of promotional language in today's product marketing environment. We have all heard enough about “world-class,” “new and improved” and “killer,” have we not? The marketing world is filled with tired copycat words and phrases that fail to clearly differentiate one company or offering from others. The right words, however, can indeed help create significant and measurable value.

Ashley Group Could Bring New Life to Pleasant Crossing in Rogers

by Arkansas Business Staff 7/21/2014 12:00 am

The Ashley Group of North Little Rock, one of the largest commercial property managers in the state, is looking to buy a mostly undeveloped 30.5-acre piece of the Pleasant Crossing development in Rogers.

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

by Arkansas Business Staff 7/21/2014 12:00 am

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month.

One Bank Sells Former Scooter Stuart House

by Arkansas Business Staff 7/21/2014 12:00 am

Syed and Ayesha Samad acquired the 12,350-SF mansion in west Little Rock's gated Hickory Creek neighborhood for $1.6 million.

Million-Dollar Deals on Buffet in Conway

by Arkansas Business Staff 7/21/2014 12:00 am

A trio of Faulkner County properties changed hands in seven-digit deals. The biggest of the three at $5.25 million is St. Andrews Place.

Promenade at Chenal Parcel Purchased by Indiana Developer

by Arkansas Business Staff 7/21/2014 12:00 am

A new outparcel development at The Promenade at Chenal in west Little Rock was purchased by an Indiana thrift for $1 million.

Emporium Home Set To Settle In at Heights Location

by Arkansas Business Staff 7/21/2014 12:00 am

Traveling markets in Atlanta, Las Vegas and New York have seen Arkansas native Ashley Childers showcase her home furnishings line, Emporium Home.

Arkansas Tech Trustees Agree to $1.15M Land Sale

by Associated Press 7/17/2014 03:12 pm

The Arkansas Tech University board of trustees has agreed to sell a parcel of land near Interstate 40 in Russellville to Narayan Hotels LLC for $1.15 million.

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.