Real Estate Archive

Fayetteville Site Draws Starbucks (NWA Real Deals)

by Marty Cook 9/29/2014 12:00 am

The word that Starbucks is coming to Wedington Drive in west Fayetteville is now official, and the coffee shop is bringing some dental care, too.

Brooklyn Investors Buy Local Apartment Complexes

by Arkansas Business Staff 9/29/2014 12:00 am

An investment group from Brooklyn, New York, acquired two Pulaski County apartment projects in deals totaling almost $8.5 million.

Sager Sells Allens Properties to Jim Bob Duggar

by Arkansas Business Staff 9/29/2014 12:00 am

Duggar paid $35,000 for about 20.4 acres from Sager Creek Vegetable Co. and $57,000 for a group of properties totaling more than 16 acres that includes rural land and several housing lots in Gentry and the Beauchamp Addition in Siloam Springs.

Cole McCaskill on What's Central To Bringing More Tourists to Hot Springs

by Arkansas Business Staff 9/29/2014 12:00 am

Cole McCaskill is a Hot Springs native who recently stepped into the newly created position of downtown development director. His job is to manage the Hot Springs Metro Partnership's Strategic Plan for Downtown Development, which grew out of the February fire that destroyed the historic Majestic Hotel.

A Real Recovery (Editorial)

by Arkansas Business Editors 9/29/2014 12:00 am

This issue of Arkansas Business, focusing as it does on commercial real estate in Arkansas, presents a hopeful picture that we'd like to think is pretty accurate. Added to that is positive national economic news. Despite some stubborn structural economic problems, in real estate, this feels like a real recovery, not a bubble.

Average US 30-Year Mortgage Rate at 4.20 Percent

by Associated Press 9/25/2014 11:37 am

Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.

Home Prices, Building Permits Down in Q2 for Most Arkansas MSAs

by Lee Hogan 9/24/2014 11:35 am

The residential market was down in Arkansas and across the country in the second quarter, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Book.

'Jobs Now' Summit Examines Growing Skills Gap

by Mark Carter 9/24/2014 07:30 am

Ways to address a growing manufacturing skills gap was the focus of Tuesday's "Jobs Now: Arkansas Works When We Do" summit hosted by the Arkansas State Chamber of Commerce.

Burgundy Book: Little Rock Zone's Unemployment Rate Lowest Since Great Recession

by Lee Hogan 9/23/2014 02:11 pm

The Little Rock Zone's unemployment rate is at its lowest level since the Great Recession, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Books.

Landers Auto Dealership Drives $22.1M Toyota Sale (Real Deals)

by George Waldon 9/22/2014 12:00 am

Luther Auto Group's acquisition of Steve Landers Toyota in Little Rock generated a real estate transaction valued at $22.1 million. A former Metropolitan National Bank branch in west Little Rock is under new ownership after a $1.76 million sale. And a 27,832-SF piece of the Arcade Building in downtown Little Rock changed hands in a transaction valued at $1.2 million.

Argenta Community Development Corp. Weighs Its Future

by Mark Friedman 9/22/2014 12:00 am

While Argenta Community Development Corp. of North Little Rock ponders its future — including whether to dissolve — the nonprofit first must deal with a foreclosure lawsuit filed against it last month after defaulting on a $560,000 loan.

Long Prairie of Illinois Continues Land Buys in Lonoke County

by Arkansas Business Staff 9/22/2014 12:00 am

More than 1,000 acres of farmland in Lonoke County was resold in a $3.9 million flip.

Superior Chevrolet Switches Hands in Conway

by Arkansas Business Staff 9/22/2014 12:00 am

A Tulsa investor paid nearly $3 million for the former home of Superior Chevrolet in Conway.

Hot Springs' Citizens Building Eyed for New Development

by Arkansas Business Staff 9/22/2014 12:00 am

Fayetteville attorney Robert Depper and LSC Hotel Restaurant Management Co. of El Dorado have formed Let Us Revive Hot Springs Downtown LLC, with hopes of renovating one of the city's historic downtown buildings into a boutique hotel.

Arkansas Business Presents 2014's 'The New Influentials: 20 In Their 20s'

by Gwen Moritz 9/22/2014 12:00 am

Since 2009 Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce in a feature called The New Influentials: 20 in Their 20s.

UCA Moves Forward with Feasibility Study on Mixed-Use Development

by Lee Hogan 9/19/2014 10:42 am

The University of Central Arkansas moved a step closer to putting a mixed-use building on campus after its board of trustees on approved a feasibility study for issuing bonds for a proposed 67,500-SF center at the corner of Donaghey Avenue and Bruce Street.

CHI St. Vincent to Expand WLR Campus

by Mark Carter 9/17/2014 03:28 pm

The facility will be located next to CHI St. Vincent's outpatient, ambulatory care facility on the 37-acre campus. Building completion is scheduled for summer 2015. Current services at CHI St. Vincent West include primary care, urgent care, geriatric and sleep services.

Leaders Say New School District Will Boost Businesses in Jacksonville

by Lee Hogan 9/17/2014 10:44 am

More than 94 percent voted Tuesday for Jacksonville to separate from the Pulaski County Special School District and create its own school district. Leaders expect the move to provide a big boost for business in the city.

Governor's Quality Awards Go to 28 Arkansas Organizations

by Arkansas Business Staff 9/16/2014 08:28 am

The 20th annual event was held at the Marriott Hotel in downtown Little Rock before an audience of more than 400 business and civic leaders. In addition to recognizing the winers, 16 past awards recipients were recognized.

Natural Gas in Fayetteville Shale Takes Arkansas from Zero to Billions in 10 Years

by Michelle Corbet 9/15/2014 12:00 am

In the past decade, the players in the Fayetteville Shale have shuffled and consolidated, drilling has peaked and retreated, employment has expanded and contracted, technology has advanced, environmental and infrastructure concerns have reared their heads and government has responded.