Real Estate Archive

Scholastic Warehouse, Windstream Property Subject of Seven-Digit Deals

by Arkansas Business Staff 9/15/2014 12:00 am

Eat-1412 LLC of Louisville, Colorado, bought the 484,932-SF former Champs Sporting Goods/Scholastic Distribution facility at 1 Champs Blvd. South of the Arkansas River, ownership of a 30,400-SF data center shifted in a sale-leaseback transaction valued at $8.6 million.

Regions Bank Adds Waylan Wiggins to Roster

by Arkansas Business Staff 9/15/2014 12:00 am

Regions Bank has scored a nice hire: Waylan Wiggins, previously president of the Stuttgart branch of Arkansas County Bank of DeWitt.

Fort Smith Leads ATBI in Second Quarter of 2014

by Lee Hogan 9/11/2014 10:13 am

For the second quarter of 2014, Fort Smith remained the leading city on the Arkansas Tech Business Index.

Republicans File Ethics Complaint Over James Lee Witt Report

by Associated Press 9/10/2014 08:39 am

Democratic congressional hopeful James Lee Witt's campaign on Tuesday said he's amending his financial disclosure report after Arkansas Republicans questioned the omission of an $850,000 Little Rock home.

Mike Beebe Appoints 58 to Boards, Commissions

by Arkansas Business Staff 9/8/2014 02:58 pm

Gov. Mike Beebe announces 58 appointments to state boards and commissions.

Baptist Health School Sells In $8.5 Million Transaction (Real Deals)

by George Waldon 9/8/2014 12:00 am

The sale of a medical project in west Little Rock weighed in at $8.5 million. A cell tower project in North Little Rock rang up a $1 million sale. And a Town Place Suites project in North Little Rock is in the works after a $950,000 transaction.

The Beauty of New Market Tax Credits (James Harkins Commentary)

by James Harkins 9/8/2014 12:00 am

One of the most important parts of my job as a real estate professional is understanding the financial tools available to clients. The goals of most buyers, as well as of those needing help with new construction or substantial rehabilitation projects, would be impossible to achieve without guidance on financing.

Bank of the Ozarks Taps Keesee To Lead Western Division (Movers & Shakers)

by Arkansas Business Staff 9/8/2014 12:00 am

Don Keesee has been named western Arkansas division president at Bank of the Ozarks. Keesee, who has more than 30 years of financial experience in Arkansas, worked for Arkadelphia-based Summit Bank in Fort Smith until its recent acquisition by Bank of the Ozarks.

Arvest Forecloses on Downtown LR Building Owned by Matt Lile

by Arkansas Business Staff 9/8/2014 12:00 am

The bank's foreclosure is on two loans totaling more than $821,500 secured by the 20,332-SF building at the northeast corner of Center and Sixth streets. The property is the home of EJ's restaurant in downtown Little Rock.

Conway Kum & Go Leads Trio of Faulkner County Million-Dollar Deals

by Arkansas Business Staff 9/8/2014 12:00 am

The $3.6 million sale-leaseback of a super convenience store is atop this week's series of big-bucks real estate deals in Conway.

Fayetteville's El Matador Plans New Location for 2015

by Arkansas Business Staff 9/8/2014 12:00 am

Ground should be broken in Fayetteville next month for El Matador Mexican Grill & Bar on a 1.14-acre site next to the Walmart Neighborhood Market off Wedington Drive at 3475 Black Forest Drive.

Lawsuit Sheds Light on Leaky Properties in Hot Springs

by Arkansas Business Staff 9/8/2014 12:00 am

RichRich Properties LLC of Maumelle bought two commercial properties in Hot Springs in February only to discover that they were money pits.

SoMa Neighborhood May Soon See Another Restaurant

by Arkansas Business Staff 9/8/2014 12:00 am

A new restaurant at 1318 S. Main St. in downtown Little Rock appears a step closer to reality. Restaurateur Bart Barlogie Jr., co-owner of The Fold, has filed an application for a mixed drink and retail beer permit.

Former Allens Warehouse in Springdale Sold for $4.2M

by Arkansas Business Staff 9/8/2014 12:00 am

Automotive dealer Larry Breeden of Van Buren bought the 3.58-acre development at 705 N. Thompson St. through his Springdale Thompson Warehouse LLC.

Cranford Co. Joins Tenants in Arkansas Building on Main Street in Little Rock

by Michelle Corbet 9/4/2014 02:00 pm

Cranford Co., the advertising agency founded by brothers Jay, Ross and Chris Cranford, announced Thursday plans to move into office space in the Arkansas Building at 524 Main St. in Little Rock.

Arvest Skyline Report: NWA Commercial Vacancy Rates Down, Multifamily Rates Up

by Lee Hogan 9/4/2014 10:55 am

Vacancy rates during the first six months of 2014 in the northwest Arkansas commercial real estate market were down nearly 1 percent from a year ago, while multifamily vacancy rates were up more than 2 percent, according to the Skyline Report from Arvest Bank.

US Home Prices Rose at Slower Pace in July

by Associated Press 9/2/2014 07:44 am

U.S. home prices rose in July but at a slower rate compared with earlier this year. The moderating price increases could help support sales.

Scooter Stuart's Tainted Assets Draw More Fire

by George Waldon 9/1/2014 12:00 am

This year's number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing.

Central Arkansas Retail Space Vacancy Rate Stays Stable

by Arkansas Business Staff 9/1/2014 12:00 am

The vacancy rate for commercial retail space in central Arkansas stood at 5.3 percent in second-quarter 2014, compared with the first-quarter rate of 5.2 percent and the year-earlier rate of 6 percent.

Metro Builders Property Weighs In at $3.8 Million (Real Deals)

by George Waldon 9/1/2014 12:00 am

A commercial project in North Little Rock shifted ownership in a $3.8 million transaction. Dozens of lots in North Little Rock's Villages of San Luis residential development were sold in combined transactions totaling $1.56 million. And a 17,234-SF nonprofit facility in midtown Little Rock tipped the scales at $1.35 million.