Real Estate Archive

Household Debt: Delinquency Rate Hits Lowest Point Since '08

by Arkansas Business Staff 11/3/2014 12:00 am

The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.S. fell by $18 billion during the second quarter of 2014 compared with the first quarter. Housing debt stood at $8.62 trillion in the second quarter, while nonhousing debt was $3.02 trillion.

Bank Branch Count in Arkansas Dwindles After Mergers

by Gwen Moritz 11/3/2014 12:00 am

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.

David Bush Joins BancorpSouth As Senior Vice President (Banking Movers & Shakers)

by Arkansas Business Staff 11/3/2014 12:00 am

David Bush, formerly senior vice president and commercial lending manager at Delta Trust & Bank, has joined the staff of BancorpSouth in Little Rock as SVP.

Character References Help Brandon Barber Elude 20-Year Sentence

by Marty Cook 11/3/2014 12:00 am

When it came to sentencing in federal court, Brandon Barber could have had the book thrown at him. But facing U.S. District Judge P.K. Holmes last Tuesday, he still had some things going for him.

‘Sovereign' Actions Complicate Foreclosure of West Little Rock Home

by George Waldon 11/3/2014 12:00 am

Documents sold on the Internet and a $700,000 “International Bill of Exchange” weren't able to keep a minister from losing his 5,608-SF west Little Rock home in a long-running foreclosure action.

ProLand Title Buys Arkansas County Title of Stuttgart

by Arkansas Business Staff 10/31/2014 11:30 am

Title and abstract firm ProLand Title Company said Friday that it has purchased the assets of Arkansas County Title Company Inc. of Stuttgart.

Report: Arkansas Home Sales Up 7 Percent in September

by Mark Carter 10/31/2014 10:17 am

Arkansas home sales rose more than 7 percent in September compared to the same month last year, according to a report released Friday by the Arkansas Realtors Association.

US Economy Grew at 3.5 Percent Rate in 3Q

by Associated Press 10/30/2014 09:14 am

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

Dennis Smiley's Wife Cynthia Files Chapter 7 Bankruptcy

by Lance Turner 10/29/2014 11:38 am

Cynthia Smiley, the wife of former Arvest Bank executive Dennis Smiley Jr., filed Chapter 7 bankruptcy on Thursday, listing $2.3 million in debts and $34,000 in assets.

Brandon Barber Sentenced to 65 Months in Prison for Fraud, Money Laundering

by Marty Cook 10/28/2014 01:08 pm

Brandon Barber, a former northwest Arkansas developer, was sentenced Tuesday in federal court to 65 months in prison for bank fraud and money laundering. "More than a half-decade ago, I made bad decisions based on my selfishness and pride," Barber told Judge P.K. Holmes. "I failed those who loved and trusted me the most."

McClelland Consulting Makes In-House Moves (Movers & Shakers)

by Arkansas Business Staff 10/27/2014 12:00 am

Adam Triche, a project engineer in the Little Rock office of McClelland Consulting Engineers Inc., has been promoted to partner effective Feb. 1, 2015, one of six new moves made at the firm.

Crittenden Regional Hospital Assets Go Up for Sale

by Arkansas Business Staff 10/27/2014 12:00 am

U.S. Bankruptcy Judge Audrey Evans has signed off on hiring an auctioneer to sell some assets of Crittenden Regional Hospital.

Red Lobster Leads Trio of Seven-Digit Deals

by Arkansas Business Staff 10/27/2014 12:00 am

Seafood restaurants, a bank branch in North Little Rock and land for a gated apartment project in west Little Rock assembled this week to form a quartet of million-dollar transactions.

Weyerhaeuser CEO Doyle R. Simons Says Housing Stats On Path Out of the Woods

by Arkansas Business Staff 10/27/2014 12:00 am

Simons has been a director of Weyerhaeuser since June 2012. He was chairman and CEO of Temple-Inland Inc. from 2008 to February 2012, when it was acquired by International Paper. He held various management positions with Temple-Inland, including executive vice president from 2005 to 2007 and chief administrative officer from 2003 to 2005. Before joining Temple-Inland in 1992, he practiced real estate and banking law with Hutcheson & Grundy LLP of Houston.

Heartland Bank Finds New HQ in The Heights

by George Waldon 10/27/2014 12:00 am

The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.

Windstream Transaction Adds Up to $8.6 Million (Real Deals)

by George Waldon 10/27/2014 12:00 am

A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at $2.2 million.

First National Bank of Paragould Gains Northwest Arkansas Presence (NWA Real Deals)

by Marty Cook 10/27/2014 12:00 am

First Paragould Bankshares Inc. closed on its acquisition of five former Metropolitan National Bank branches in northwest Arkansas.

New Shipping Law More Miss Than Hit, Arkansas Wine Producers Say

by Marty Cook 10/27/2014 12:00 am

Arkansas' wine producers said Act 483, which went into effect in August 2013, puts the state wineries at a competitive disadvantage to out-of-state shippers. The Alcoholic Beverage Control Administration said 114 permits have been issued to allow shipping to Arkansas consumers, but only two permits have been given to a state winery.

Crye-Leike Adopts New Safety Rules After Beverly Carter Death

by Lance Turner 10/23/2014 10:18 am

The death of real estate agent Beverly Carter has prompted her former employer, Crye-Leike Realtors, to adopt new safety standards for its agents.

Deltic Timber 3Q Profit Sees Slight Bump

by Jan Cottingham 10/22/2014 04:56 pm

Deltic Timber Corp. of El Dorado announces an increase in net income in third-quarter 2014 to $6 million compared with $5.9 million in third-quarter 2013.