Real Estate Archive

Arkansas Governor's Quality Award Winners Announced

by Arkansas Business Staff 9/16/2015 08:00 am

Gov. Asa Hutchinson recognized winners at the Governor's Quality Award Program held at the Marriott Hotel in Little Rock. North Arkansas College of Harrison took top honors in receiving the Governor's Award for Performance Excellence.

Developer Plans 170,000-SF Shoppes at Benton for Spring 2017

by Alexis Hosticka 9/15/2015 03:45 pm

Developers are planning a new, 170,000-SF retail center with about 20 stores west of Alcoa Road on the north side of Interstate 30 in Benton.

Birch: First Phase of Little Rock Tech Park to Open in Fall 2016

by Mark Carter 9/15/2015 03:19 pm

The first phase of the planned Little Rock Technology Park is targeted to open in the fall of 2016 with 40,000-SF of incubator and office space at 417 Main, Tech Park Executive Director Brent Birch said Tuesday.

Creative Corridor Debuts First Completed Section

by Alexis Hosticka 9/15/2015 09:08 am

The city of Little Rock on Monday opened the 500 block of Main Street — the first section of the Creative Corridor streetscape. Includes video and slideshow.

Arkansas Land Transfer is Completed for US Marshals Museum

by Associated Press 9/15/2015 06:52 am

The transfer of 16.3 acres of riverfront property to the U.S. Marshals Museum has been completed.

Supermarket Scouts Sniff Out Sherwood Sites

by Arkansas Business Staff 9/14/2015 12:00 am

Harps Food Stores Inc. of Springdale had the idea first, but its long delay in getting a store out of the ground on Highway 107 in north Pulaski County has encouraged competitors to start sniffing around.

Centerton Shopping Center Planned Near Future Walmart Supercenter

by Arkansas Business Staff 9/14/2015 12:00 am

The Walmart Supercenter planned for Centerton in Benton County hasn't broken ground yet, but investors are still banking on its drawing power.

Promenade at Chenal Parcel Nets $4.3 Million Purchase

by Arkansas Business Staff 9/14/2015 12:00 am

A retail project in west Little Rock, residential acreage in Maumelle and high-rise dwelling space in downtown Little Rock provide this week's trio of million-dollar transactions.

Brick-and-Mortar Banking: Physical Presence in a Virtual World

by Arkansas Business Staff 9/14/2015 12:00 am

Despite the increasing dominance of online banking, financial institutions in the United States have continued to rely on physical offices, according to the FDIC Quarterly, which recently examined long-term trends in banking offices from 1935 to 2014.

Real Estate Market Improves Across All Fronts in Little Rock

by Diana Cooke 9/14/2015 12:00 am

The residential real estate market in Little Rock strengthened in the first quarter of 2015. Year-to-date home sales increased 8.5 percent and prices increased 2.5 percent from one year ago. Realtors from the area noted that existing homes have been selling fast with multiple offers.

Jayme Martindale Named Controller for Colliers

by Arkansas Business Staff 9/14/2015 12:00 am

An accountant with 27 years of experience in both public and private accounting, Martindale was most recently employed at Windstream Communications as a senior accountant.

Bankers See Growth In Commercial Real Estate

by Arkansas Business Staff 9/14/2015 12:00 am

Banks have been finding most of their growth in loans to businesses and commercial real estate, a recent survey by Bank Director magazine found.

Specialty Stores Spice Up Bentonville Square

by Marty Cook 9/14/2015 12:00 am

Because he knew Bentonville, Bill Oakley said, he never doubted his retail success. Oakley opened a Spice & Tea Exchange franchise in 2012 just off the downtown square. So far, sales have risen steadily since the exchange opened.

Mayor Mark Stodola Looks to Keep Main Street Makeover Moving

by George Waldon 9/14/2015 12:00 am

A mix of retail and of-fice buildings that decades ago were part of the city's historic commercial core have combined with new construction to recast a string of properties. A foundation of restaurants, apartments and the performing arts will be joined by a high-rise hotel redevelopment and the Little Rock Tech Park.

Arkansas Municipalities Left to Clean up After Property Owners Leave Mess

by Mark Friedman 9/14/2015 12:00 am

Dealing with property owners who neglect dilapidated commercial buildings is becoming a growing problem for cities, especially when they crumble, Pine Bluff Mayor Debe Hollingsworth said. Other officials in cities and towns in Arkansas agree with her.

Flake & Kelley's Matthew Dearnley Sees More Preleasing, Money Upfront on NWA Properties

by Arkansas Business Staff 9/14/2015 12:00 am

Matthew Dearnley, the CEO of Flake & Kelley Commercial Northwest, says the northwest Arkansas market has reached a point of possible correction, with certain areas overbuilt.

Countdown Ticks: Cash Or Court for One Bank & Trust?

by George Waldon 9/14/2015 12:00 am

The third anniversary of the regulator-mandated regime change at Little Rock's One Bank & Trust is approaching. The national bank has endured a tumultuous ride since Layton “Scooter” Stuart was removed as chairman, president and CEO on Sept. 28, 2012.

Storage Development Draws $1.4M Sale (Real Deals)

by George Waldon 9/14/2015 12:00 am

A 240-unit mini-storage project in west Pulaski County weighed in at $1.4 million, and a 24-unit loft project in downtown Little Rock is under new ownership after a $455,000 foreclosure sale.

Photos: Alice Walton's Rocking W Ranch For Sale at $19.7M

by Lance Turner 9/10/2015 11:57 am

Alice Walton is selling her 1,400-acre Texas ranch to better concentrate on Crystal Bridges Museum of American Art in Bentonville, which she founded in 2011.

Arkansas Home Sales Up 10 Percent in July

by Alexis Hosticka 9/10/2015 11:24 am

Arkansas July home sales rose about 10 percent from the same time last year, according to a report released Thursday by the Arkansas Realtors Association.