Real Estate Archive

Value of $1 Million-Plus Deals Jumps 70 Percent

by George Waldon 3/23/2015 12:00 am

The number of $1 million-plus commercial real estate deals in Pulaski County didn't increase significantly during 2014. But the same can't be said for the dollar total of the transactions, which ballooned by a whopping 70 percent compared with 2013.

Developers See Surge In Northwest Arkansas Activity

by Marty Cook 3/23/2015 12:00 am

Cody Crawford, the president of C.R. Crawford Construction of Fayetteville, has his hands full with work these days. He's not alone — the region is showing signs of shrugging off the hangover of the recession.

Conway Builders Enjoying Boom as City Expands

by Sean Beherec 3/23/2015 12:00 am

The city of Conway is on the verge — if it hasn't reached it yet — of a boom in commercial real estate availability. Just up Interstate 40 from Little Rock, the city has been the host of several recent development projects and is set to begin more in the coming years.

Arkansas Baptist's Fitz Hill Sees Education, Urban Revitalization and Investments Intertwined

by Arkansas Business Staff 3/23/2015 12:00 am

Dr. Fitz Hill, who was born and raised in Arkadelphia, was named president of Arkansas Baptist College in 2006. He talks to Arkansas Business about his vision for education and urban renewal.

$6 Million Transaction Visits LR Airport Hotel (Real Deals)

by George Waldon 3/23/2015 12:00 am

A 201-room hotel and adjoining restaurant in east Little Rock tipped the scales at $6 million. Two Walgreens were sold for a combined $10.7 million. And the Village Shopping Center in Little Rock rang up a $3.04 million sale.

Gabe Holmstrom to Lead Downtown Little Rock Partnership

by Arkansas Business Staff 3/20/2015 08:59 am

The Downtown Little Rock Partnership on Friday announced Gabe Holmstrom as its new executive director.

Teresa Richards Named GM at Outlets of Little Rock

by Arkansas Business Staff 3/16/2015 12:54 pm

New England Development of Newton, Massachusetts, has named Teresa Richards as general manager of Outlets of Little Rock in the Gateway Town Center.

Deltic Executive Pay Drops in 2014

by Jan Cottingham 3/16/2015 11:27 am

Despite Deltic Timber's strong earnings in 2014, compensation paid four of the five top Deltic executive officers dropped compared with 2013.

Sibling Rivalry Contributed to Escalated Bidding in Dunklin Properties

by Arkansas Business Staff 3/16/2015 12:00 am

Sources say $85 million was the winning bid in the court-ordered auction of farming and hunting property spread across 15,881 acres in Arkansas and Jefferson counties.

Faulkner, Lonoke Counties Each See $1.6M Land Buys

by Arkansas Business Staff 3/16/2015 12:00 am

More than 450 acres of farmland in western Lonoke County and five commercial parcels in northern Conway each hosted $1.6 million transactions.

Another Two Walgreens Sold in Central Arkansas

by Arkansas Business Staff 3/16/2015 12:00 am

Affiliates of Net Lease Capital Advisors of Nashua, New Hampshire, acquired Walgreens stores in central Arkansas in separate $5.2 million transactions.

Fuzzy's Taco Shop Headed to Rogers

by Arkansas Business Staff 3/16/2015 12:00 am

Fuzzy's Taco Shop of Fort Worth is ready to try northwest Arkansas again.

Bentonville Plaza Refills After Hillshire's Departure

by Arkansas Business Staff 3/16/2015 12:00 am

When Tyson Foods of Springdale acquired Hillshire Brands for $8.55 billion last year, it cost Bentonville Plaza its seventh-floor tenant.

Downtown Residence Inn Draws $17.5 Million Sale (Real Deals)

by George Waldon 3/16/2015 12:00 am

Ownership of a 107-room hotel in downtown Little Rock shifted in a transaction valued at $17.5 million. The sale of a west Little Rock auto dealership weighed in at $6.4 million.

Arkansas Home Sales Up 4.5 Percent in 2014

by Arkansas Business Staff 3/16/2015 12:00 am

Home sales in Arkansas rose 4.5 percent last year compared with 2013, according to a report from the Arkansas Realtors Association.

Nursing Home King Michael Morton Expanding His Empire

by Mark Friedman 3/16/2015 12:00 am

Even though Michael Morton has been hit by shrapnel from former Faulkner County Circuit Judge Michael Maggio's bribery scandal, the Fort Smith nursing home magnate is pushing forward with plans to expand his empire.

Haag Brown to Develop New Retail Site in Searcy, Will Include Starbucks

by Arkansas Business Staff 3/12/2015 01:29 pm

Haag Brown Development of Jonesboro announced plans Thursday for a new retail project that will include a Starbucks and Arkansas Braces at the corner of East Race and rand Drive in Searcy.

Realtors: Arkansas Homes Sales Up 5 Percent in January

by Arkansas Business Staff 3/10/2015 11:27 am

The Arkansas Realtors Association said Tuesday that home sales in Arkansas rose 5 percent in January from the same time last year.

Asa Hutchinson Taps Aaron Burkes to Lead ADFA

by Arkansas Business Staff 3/9/2015 01:27 pm

Gov. Asa Hutchinson wants former Republican lawmaker Aaron Burkes to be the next head of the Arkansas Development Finance Authority. Hutchinson on Monday submitted Burke's name to the ADFA board. Gene Eagle currently serves as ADFA president.

Feds Say House in Rogers Should Be Repossessed After Claims of Art Heist

by Arkansas Business Staff 3/9/2015 12:00 am

A woman who moved from Dallas to Rogers in 2013 is in hot water for allegedly cooking up an insurance scheme by which she received more than $730,000 from her homeowner's policy.