Real Estate Archive

US Home Sales Rise in December

by Associated Press 1/23/2015 11:10 am

More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses.

Judge Orders Brandon Barber to Pay $450K in Restitution

by Lance Turner 1/22/2015 10:05 am

U.S. District Judge P.K. Holmes orders former northwest Arkansas real estate developer Brandon Barber to pay $450,000 in restitution to First Federal Bank, a figure significantly less than what the U.S. Attorney's office calculated last fall.

Jerry Jones Gives $10.65M to University of Arkansas Athletic Department

by Arkansas Business Staff 1/21/2015 10:22 am

The Jones' gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation. The donation will address several projects of the university's athletics department, including a 55,000-SF student-athlete center.

FedEx Schedules Groundbreaking for Southwest Little Rock Site

by Lance Turner 1/20/2015 09:59 am

FedEx has scheduled a groundbreaking for its new Ground distribution facility in southwest Little Rock.

New Tenants Filling Up Pleasant Crossing Shoppes in Rogers

by Arkansas Business Staff 1/19/2015 12:00 am

Burke Larkin of Whisinvest Realty of Rogers expects to finalize the last two leases of the 22,000-SF shopping center his company built near the Walmart Supercenter on Pleasant Grove Boulevard. Alan Cole of Colliers International represents the two tenants, unnamed until the deals are completed.

Hunt Heir Sells Starbucks Site in Fayetteville

by Arkansas Business Staff 1/19/2015 12:00 am

T.J. Lefler of Sage Partners in Fayetteville closed on the 3,258-SF building at 2117 W. Martin Luther King Blvd. on Jan. 9. Lefler and three partners had reached an agreement with Bryan Hunt LLC in December, but ironing out the details of the purchase took a while to complete.

Storage Properties Lead List of Six Recent Seven-Digit Deals

by Arkansas Business Staff 1/19/2015 12:00 am

A pair of mini-storage projects in southwest Little Rock, a commercial site in west Little Rock, an office-warehouse project in downtown Little Rock, a North Little Rock store and a Little Rock residence all generated million-dollar transactions.

Windstream's REIT Moves Out to New Office

by Arkansas Business Staff 1/19/2015 12:00 am

The real estate investment trust spinoff of Windstream Holdings Inc. of Little Rock is moving out.

Development Duo Joins Centennial Bank in Jonesboro (Movers & Shakers)

by Arkansas Business Staff 1/19/2015 12:00 am

Joey Speir and Brock Ferguson have joined Centennial Bank in Jonesboro as business development officers.

Sherwood Walgreens Sells For $3.3 Million (Real Deals)

by Arkansas Business Staff 1/19/2015 12:00 am

A Walgreens in Sherwood tipped the scales at $3.38 million. A 240-unit apartment project in southwest Little Rock weighed in at $2.8 million. And land for a 49-lot residential project in west Little Rock was assembled in two deals totaling $930,000.

OREO ‘Cleansing' Helps Stabilize NWA Real Estate

by Marty Cook 1/19/2015 12:00 am

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.

UCA Board Approves Property Acquisition, Bond Issuance for $17.6M Mixed-Use Project

by Lee Hogan 1/16/2015 11:47 am

The property, at 242 Donaghey Ave., is currently occupied by a Papa John's restaurant, owned by Ozark Pizza Co. LLC of Little Rock. The offer would pay Ozark Pizza Co. $236,000 for the .12-acre lot and another $164,000 if the property is vacated by April 15.

Average U.S. Rate on 30-year Mortgage Falls to 3.66 Percent

by Associated Press 1/15/2015 01:01 pm

Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.

Negotiations for Tech Park Properties Continue

by Arkansas Business Staff 1/15/2015 10:44 am

Little Rock tech park director Brent Birch told the board Wednesday that negotiations for targeted park properties along Main Street in downtown Little Rock are continuing. Birch said he is working with the city on a schedule of available funds to complete the purchase of the proposed properties.

Lee Strother, Drew Holbert, Promoted to Principals at Colliers International

by Arkansas Business Staff 1/14/2015 10:31 am

Lee Strother and Drew Holbert were recently promoted to principals at Colliers International Arkansas.

Holiday Inn Express Attracts $4.2M Sale (Real Deals)

by George Waldon 1/12/2015 12:00 am

A 138-room hotel in east Little Rock tipped the scales at $4.2 million. A 44-unit apartment project in southwest Little Rock weighed in at $1.65 million. And a 37,000-SF grocery store project is in motion in Sherwood after a $944,000 land deal.

Fort Smith Leads Arkansas Tech Business Index in October

by Lee Hogan 1/9/2015 09:58 am

Fort Smith remained atop the Arkansas Tech Business Index while Rogers and Russellville enjoyed the largest increases according to economic activity from October.

FAA Grants Permits for Agriculture, Real Estate Drones

by Associated Press 1/8/2015 01:04 pm

The Federal Aviation Administration on Tuesday issued permits to use drones to monitor crops and photograph properties for sale, marking the first time permission has been granted to companies involved in agriculture and real estate.

Report: Arkansas Home Sales Up 10 Percent in November

by Arkansas Business Staff 1/8/2015 08:56 am

The number of homes sold in November increased, and so did the average price of those homes. The average price of the homes sold in the 43-county area surveyed by the group increased from $151,350 in November 2013 to $154,906 in November 2014, an increase of more than 2 percent.

Jerry Jones Buys Land for $7M, Gives Ownership to Razorback Foundation

by Marty Cook 1/7/2015 01:31 pm

Dallas Cowboys owner Jerry Jones bought 254 acres in south Fayetteville for about $7.3 million. Jones purchased the property from Chambers Bank of Danville.