Real Estate Archive

The Glass Is Half Full (Mitch Bettis Publisher's Note)

by Mitch Bettis 12/1/2014 12:00 am

Arkansans and Americans in general seem to be feeling blue these days. Maybe a deluge of negative political advertising bludgeoned us into sadness. Perhaps I'm a “glass half-full” guy because I keep noticing that, nationally and within Arkansas, there are positive economic indicators.

Beats Change at Democrat-Gazette

by Sean Beherec 12/1/2014 12:00 am

Rachel Chaney, the newspaper's business editor, said Cyd King, who has covered Wal-Mart and the Crystal Bridges Museum of American Art out of the northwest Arkansas office, will move to Little Rock to cover the city's downtown development. Chaney said King had been wanting to move to Little Rock and was excited to start the new beat this week.

Utah Firm Pays $1.9M For NLR Apartments (Real Deals)

by George Waldon 12/1/2014 12:00 am

A 120-unit apartment project in North Little Rock changed hands in a $1.9 million transaction. PC Wilmington LLC of Provo, Utah, acquired the Wilmington Apartments complex at 617 Donovan Briley Blvd. from Wilmington Apartments Ltd. of Gardena, California.

No Daily Report, Morning Report or E-newsletters on Thursday, Friday

by Arkansas Business Staff 11/26/2014 11:03 am

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday.

Conway Sees Two Recent Million-Dollar Deals

by Arkansas Business Staff 11/24/2014 12:00 am

Conway hosted a pair of recent million-dollar real estate transactions. At $2.7 million, the larger of the two is the 71-room Microtel Inn & Suits. About 2 miles south as the crow flies, FNT Professional Leasing LLC of Little Rock purchased a 9,574-SF commercial building for $1.25 million.

Centennial's J.P. Sexton Named Arkansas Mortgage Banker of the Year (Movers & Shakers)

by Arkansas Business Staff 11/24/2014 12:00 am

J.P. Sexton, vice president and mortgage market sales manager at Centennial Bank of Conway, was named 2014 Arkansas Mortgage Banker of the Year by the Mortgage Bankers Association of Arkansas. Sexton has over 25 years of mortgage experience in origination, underwriting, sales and operation management.

Central Bank Eyes Simmons Midtown Branch; Benefit Bank Plans Full Service in Springdale

by George Waldon 11/24/2014 12:00 am

A 2,647-SF Little Rock branch marked for sale by Simmons First National Bank of Pine Bluff is in the process of changing hands.

Watson Furniture Gets New Lease on Life (NWA Real Deals)

by Marty Cook 11/24/2014 12:00 am

Philip Taldo has had a busy, happy month. Top on his list is his purchase of Watson Furniture Store on Main Street in downtown Springdale. Taldo, a Springdale real estate agent, paid $250,000 for the two-story, 10,720-SF building that he remembers fondly as the place his father started working at in 1951.

Red Lobsters Serve Up $8.4M Transaction (Real Deals)

by George Waldon 11/24/2014 12:00 am

ARCP RL Portfolio V LLC purchased the Red Lobster at 3707 McCain Blvd. in North Little Rock for $4.98 million. ARCP RL Portfolio VI LLC bought the Red Lobster at 8407 W. Markham St. in Little Rock for $3.44 million

Report: Clinton Presidential Center Boosts Downtown Economy, Tourism

by Lee Hogan 11/19/2014 03:10 pm

Ten years since its construction, the $165 million Clinton Presidential Center has more than covered its cost.

US Home Construction Drops 2.8 Percent in October

by Associated Press 11/19/2014 10:15 am

Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.

Arvest Consumer Survey: Arkansans' Opinion of Economy Improving

by Lee Hogan 11/18/2014 09:31 am

Arkansas consumer sentiment is up slightly in Arvest Bank's most recent survey, but it's still lower than surrounding states and considerably lower than the national outlook on the economy.

Johnelle Hunt on Shifting Gears After Trucking To Reach Pinnacle

by Arkansas Business Staff 11/17/2014 12:00 am

Arkansas Business talks with Johnelle Hunt, who, along with her late husband, J.B., founded J.B. Hunt Transport Services of Lowell.

Summit Properties Names AB Engineering in Survey Suit

by Arkansas Business Staff 11/17/2014 12:00 am

There is mounting trouble for a Hot Springs man who admitted forging documents to make it appear he was a licensed surveyor when he wasn't. Doug Fellenz now is facing a lawsuit filed by a former client he allegedly duped.

Grub's Bar & Grille Expands to Fort Smith

by Arkansas Business Staff 11/17/2014 12:00 am

Fort Smith lost MarketPlace Grill but is gaining a Grub's Bar & Grille in its place.

Michael Booker Neglected Property Target of Capitol Zoning District Commission

by Arkansas Business Staff 11/17/2014 12:00 am

The Capitol Zoning District Commission is taking legal action to try to get a home on South Louisiana Street owned by Little Rock lawyer and former state Rep. Michael Booker fixed up.

Harps Planning Grocery Store in Sherwood

by Arkansas Business Staff 11/17/2014 12:00 am

Harps Food Stores Inc. of Springdale will be setting up shop in Sherwood, near the northwest corner of Highway 107 and Oakdale Road.

Tyson Family Stock Nears $3 Billion; Waltons No. 1 On Top Stockholders List

by Gwen Moritz 11/17/2014 12:00 am

The second-wealthiest family in northwest Arkansas, the Tysons, saw their stock holdings increase by nearly $1 billion over the past year — an increase of more than 40 percent.

Investment, Jobs Buoy Fort Smith's Chaffee Crossing

by Marty Cook 11/17/2014 12:00 am

Chaffee Crossing, the 7,000-acre Army surplus property in Fort Smith, continues to be a popular development destination in its new civilian life, playing host to a spate of expansion and relocation announcements during the past year.

Tire Center Transaction Tops $1.5M in NLR (Real Deals)

by George Waldon 11/17/2014 12:00 am

A 43,444-SF tire center in North Little Rock tipped the scales at $1.52 million.