Real Estate Archive

Hugg & Hall Gets New Site in Fort Smith

by Arkansas Business Staff 8/17/2015 12:00 am

Super Properties III LLC, led by John Hugg and Robert Hall, bought a 16.2-acre property at 7101 S. Zero St. Hugg & Hall paid just shy of $2.5 million to Alawest-AL LLC.

Both Sides Mull Post-Trial Options in Hillcrest Home Case

by Arkansas Business Staff 8/17/2015 12:00 am

It looks like neither side was satisfied with the ruling involving the $1.25 million Hillcrest home case. Both have asked for a new trial or a reconsideration of the $102,200 judgment that Dr. Joel Dworkin was awarded from the seller of the home, Kathleen “Kathy” Blasingame of Maumelle.

Central Arkansas Planners Think I-30 Proposal Costly, Inefficient

by Mark Friedman 8/17/2015 12:00 am

The state Highway Department's $450 million plan to widen Interstate 30, a project that includes replacing the Arkansas River Bridge, is generating hand-wringing from area planners.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

Austin Powers Central Arkansas Population Gains

by Arkansas Business Staff 8/17/2015 12:00 am

Smaller cities in central Arkansas are seeing the biggest population gains by percentage, according to the most recent “Metrotrends” report, released last month by Metroplan. Metroplan is a voluntary association of local area governments that serves as the metropolitan region's planning agency.

Farmers & Merchants Rakes In Bank of Fayetteville

by George Waldon 8/17/2015 12:00 am

Bankshares of Fayetteville Inc., holding company of Bank of Fayetteville, represents the third acquisition by Farmers & Merchants Bankshares Inc. of Stuttgart in the past seven years.

Party City Purchase Tops $2.8 Million (Real Deals)

by George Waldon 8/17/2015 12:00 am

An 8,100-SF retail project in west Little Rock weighed in at more than $2.8 million. A 1,866-SF KFC in Little Rock changed hands in a $1.65 million sale. And a 13,190-SF warehouse in North Little Rock rang up a $625,000 transaction.

Tech Park Negotiating with Banks to Finance First Phase

by Mark Carter 8/13/2015 10:05 am

The Little Rock Tech Park Authority Board will negotiate with a consortium of local financial institutions on a plan to finance $17.5 million for development of the park's first phase along Main Street in downtown Little Rock.

Arkansas Home Sales Up 14 Percent in June

by Alexis Hosticka 8/13/2015 09:54 am

Real estate agents in Arkansas reported a 14 percent increase in the number of homes sold statewide in June, according to the Arkansas Realtors Association Thursday.

Jones Film Makes Main Street Move, Becomes M-3 Productions

by Mark Carter 8/12/2015 09:43 am

Downtown Little Rock's Main Street makeover continued this week with the move of Jones Film Video to its new headquarters at Third and Main. The company also changed its name to M-3 Productions.

Population Trends Slowing in Central Arkansas

by Arkansas Business Staff 8/10/2015 12:00 am

Population growth in central Arkansas has slowed during the last five years, though it has continued to exceed that of the U.S. as a whole, according to the most recent “Metrotrends” report.

Lonoke County Farmland, Hurricane Lake Lots Highlight Tri-County Seven-Digit Deals

by Arkansas Business Staff 8/10/2015 12:00 am

More than 570 acres in Lonoke County, 37 residential lots in Saline County, land for a commercial redevelopment in Benton and a big home in west Little Rock provide this week's quartet of million-dollar transactions.

The Telling Detail (Gwen Moritz Editor's Note)

by Gwen Moritz 8/10/2015 12:00 am

It's one thing to know that Scott Reed hadn't paid his big bills. One might even imagine that the big bills could get paid once tenant revenue starts flowing. It's another thing entirely to understand that, even as summer turned to fall and winter and then spring, he couldn't come up with a relatively small amount of money in order to turn on the lights — something that has to be done before any tenants can move in and start paying rent.

Watergate Apartments Draw $7.8 Million Sale (Real Deals)

by George Waldon 8/10/2015 12:00 am

The sale of a 148-unit apartment complex in Little Rock tipped the scales at $7.8 million.

Centennial Bank Forecloses on Loan for John Rogers Home

by George Waldon 8/7/2015 11:30 am

Centennial Bank of Conway foreclosed on delinquent loans totaling nearly $3.5 million to alleged fraudster John Rogers and his ex-wife, Angelica.

Immanuel Baptist Church Buys Former Kroger Property for $3.6M

by Alexis Hosticka 8/7/2015 10:53 am

Immanuel Baptist Church closed Thursday on the former Kroger grocery store at Westchase Plaza, 315 North Shackleford Road in Little Rock.

City of Osceola at Risk of Losing Historic Courthouse

by Associated Press 8/6/2015 06:53 am

The city of Osceola has retained former Arkansas Attorney General Dustin McDaniel to look into the actions of Mississippi County over the city possibly losing its historic courthouse.

Hays Buys Coca-Cola Plant in Jonesboro, Eyes November Open

by Alexis Hosticka 8/5/2015 09:48 am

Empty and on the market since 2008, the Coca-Cola bottling plant at the intersection of South Caraway Road and Highland Drive in Jonesboro is getting new life as a 55,000-SF Hays Clothing store set to open in November.

Some Hiccups, But Development Continues Along Main Street in Little Rock

by Alexis Hosticka 8/4/2015 03:26 pm

About $100 million in new development is unfolding along Little Rock's Main Street as developers bet on an influx of jobs and residents, according to an estimate by Moses Tucker Real Estate of Little Rock.

Del Frisco's Grille, Heading to Promenade in Little Rock, Hiring 120

by Alexis Hosticka 8/3/2015 09:47 am

Publicly traded restaurant chain Del Frisco's Grille said Monday that it plans to hire 120 employees for its new Little Rock location scheduled to open in September.