Real Estate Archive

US, Arkansas Homeownership On the Decline

by Arkansas Business Staff 8/8/2016 12:00 am

Although the housing market continues to recover since the Great Recession, the rates of homeownership remain below peak levels both in the United States and in Arkansas.

FedEx Development Delivers $31.7M Deal (Real Deals)

by George Waldon 8/8/2016 12:00 am

Wilark LLC, an affiliate of Realtech Construction Co. of Los Angeles, bought the 311,684-SF FedEx Ground facility in southwest Little Rock.

Asa Hutchinson Announces Appointments to Boards, Commissions

by Arkansas Business Staff 8/5/2016 02:37 pm

Gov. Asa Hutchinson on Friday announced appointments to boards, commissions and other groups.

US Adds A Robust 255K Jobs; Unemployment Stays 4.9 Percent

by Associated Press 8/5/2016 08:02 am

Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient U.S. economy.

Average US 30-Year Mortgage Rate Declines to 3.43 Percent

by Associated Press 8/4/2016 12:26 pm

Long-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.

Historic Melba Theater in Batesville Reopens Aug. 12

by Arkansas Business Staff 8/3/2016 12:07 pm

One of the state's oldest theaters, the Melba Theater in Batesville, will reopen Aug. 12 with a grand opening, red carpet gala thanks to the restoration efforts of owners Janelle and Joe Shell and Mandi and Adam Curtwright.

Arkansas Revenue Above Last Year, Below Forecast in July

by Associated Press 8/2/2016 11:57 am

Arkansas finance officials say the state's net available revenue for July fell 1.7 percent below expectations, but was 0.4 percent more than the same month a year ago.

Tri-State Truck Center Building $13M Dealership in NLR

by Sarah Campbell 8/1/2016 09:53 am

Construction of a new Tri-State Truck Center dealership at 8901 Diamond Drive in North Little Rock is expected to begin this week and wrap up in about a year, according to co-owner Jim Maddox.

Sage Partners, Capital Properties Ready To Merge

by Arkansas Business Staff 8/1/2016 12:00 am

Sage Partners of Fayetteville, the real estate arm of Hunt Ventures LLC, and Capital Properties in Little Rock are getting ready to merge this week.

NLR Bowling Project Rolls Out $2.3M Sale (Real Deals)

by George Waldon 8/1/2016 12:00 am

Millennium Bowl of Little Rock LLC, led by Anil Nayar, Aziz Pabani, Akbar Pabani and Kairunnisa Khan, bought its namesake project at 7200 Counts Massie Road. The seller is Millennium Bowl Inc., led by James Moore.

Play Your Own Game (Gwen Moritz Editor's Note)

by Gwen Moritz 8/1/2016 12:00 am

You need to play your own game. Don't let the decisions others are making be more than data points in the mix when making your own decisions, because they aren't working with the exact same factors.

Home Ownership Down, Renting Up in Central Arkansas

by Sarah Campbell 7/28/2016 04:11 pm

Home ownership continues to decline as rental housing grows in central Arkansas and nationally, according to Metroplan's 2016 Demographic Review and Outlook.

Dollar General Buys Former Walmart Express Stores in Coal Hill, Mulberry

by Sarah Campbell 7/28/2016 12:28 pm

Dollar General of Goodlettsville, Tennessee, announced this week its acquisition of 41 former Walmart Express stores in 11 states, including one in Coal Hill and one in Mulberry.

Homes Sold Statewide Increases 7 Percent in June, 12 Percent Year-to-Date

by Alexis Hosticka 7/28/2016 10:58 am

Arkansas realtors experienced a 7 percent increase in the number of homes sold statewide in June as reflected in a report distributed by the Arkansas Realtors Association Thursday. Statewide, there has been a nearly 12 percent increase in number of units sold compared to 2015, with 16,370 home sold so far this year.

Better Lumber Market Drives Deltic Timber Profit Higher

by Sarah Campbell 7/27/2016 04:29 pm

Deltic Timber Corp. of El Dorado announces net income of $4.2 million, or 35 cents per share, in the second quarter of 2016 compared with $800,000, or 7 cents per share, for the second quarter of 2015.

Randy Alexander, McKay & Co. Owner, Dies at 71

by Arkansas Business Staff 7/25/2016 11:04 am

Randy Alexander, a leader in residential real estate in Arkansas who owned McKay & Co. Realtors, died Friday in Little Rock. He was 71.

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

At Least One Offer Pending on John Rogers Lakewood Mansion in NLR

by Arkansas Business Staff 7/25/2016 12:00 am

It looks like there's a buyer for the foreclosed Lakewood mansion of troubled North Little Rock businessman John Rogers.

Parkview Medical Building Changes Hands in $5M Deal

by Arkansas Business Staff 7/25/2016 12:00 am

Medical condo space in midtown Little Rock and a 140-bed nursing home in south Pulaski County were just two recent property deals exchanged in multimillion-dollar transactions.

Gaillardia Club Woes Spawned Phil Herrington Bankruptcy

by Mark Friedman 7/25/2016 12:00 am

Herrington's $13.45 million Chapter 11 reorganization, filed on March 18, represents one of the largest debt totals in a personal bankruptcy filing in recent years in Arkansas. He listed $5.1 million in assets.