Real Estate Archive

Central Arkansas Economy Shows Growth in 2015

by Arkansas Business Staff 1/18/2016 12:00 am

The economic recovery in central Arkansas accelerated in 2015, with job growth surpassing the national average since March, said Metroplan, the federally designated planning agency for Pulaski, Faulkner, Saline and Lonoke counties.

Attorneys Title Group Adds Matt Martin (Movers & Shakers)

by Arkansas Business Staff 1/18/2016 12:00 am

Matt Martin of North Little Rock has joined Attorneys Title Group of Little Rock as an escrow officer.

Tech Park Readying for Tenants, Potential Fall Opening

by Mark Carter 1/14/2016 09:03 am

The Little Rock Technology Park is expected to begin filling up as soon as it opens, which Director Brent Birch thinks could happen by November.

UALR to Expand Sports Complex Thanks to Coleman Donation

by Arkansas Business Staff 1/13/2016 11:15 am

The University Arkansas at Little Rock will build a new baseball field and expand its sports complex, thanks to a donation from the Coleman family of Little Rock, the university announced Wednesday.

City of Hot Springs Begins Majestic Hotel Cleanup

by Alexis Hosticka 1/13/2016 09:20 am

Hot Springs' board of directors voted unanimously to hire Spirtas Wrecking Co. of St. Louis for demolition and abatement of the yellow brick section of the destroyed Majestic Hotel.

Northwest Arkansas Mall Sells for $39.5M

by Marty Cook 1/13/2016 07:19 am

A trio of New York investors bought the Northwest Arkansas Mall in Fayetteville for $39.5 million.

Wal-Mart's Asda: More Price Cuts as Grocery Wars Heat Up

by Anne D'Innocenzio, The Associated Press 1/12/2016 04:40 pm

Wal-Mart's United Kingdom operation Asda, is investing another 500 million pounds ($721.9 million) in price cuts as the grocery discount wars escalate.

Bank of the Ozarks to Buy WLR Land for New Headquarters

by George Waldon 1/12/2016 04:12 pm

Bank of the Ozarks has put about 44 acres under contract for a new corporate headquarters campus in west Little Rock. The company intends to pay $12.7 million for property on the western end of The Ranch. First-phase construction of a 180,000-SF building is expected to begin late this year or early 2017.

Nancy Gray of UAMS BioVentures Joins Tech Park Board

by Mark Carter 1/12/2016 09:44 am

Nancy Gray, director of the BioVentures startup incubator at UAMS, is appointed to the board of the Little Rock Technology Park, and vice chair Kevin Zaffaroni has been reappointed.

Maumelle Industrial Project Attracts $4.3M Transaction (Real Deals)

by George Waldon 1/11/2016 12:00 am

A 60,600-SF industrial facility in Maumelle weighed in at $4.37 million. A North Little Rock storage park tipped the scales at $4.2 million. And a 1.73-acre commercial parcel in west Little Rock changed hands in a $656,754 sale.

Centennial Bank Acquires Former John Rogers Properties in Auction

by Arkansas Business Staff 1/11/2016 12:00 am

Centennial Bank of Conway recovered four North Little Rock properties formerly owned by alleged fraudster John Rogers and his ex-wife, Angelica.

Dennis Developmental Center Leads Off Recent Seven-Digit Deals

by Arkansas Business Staff 1/11/2016 12:00 am

This week's quintet of million-dollar transactions features a clinic in Little Rock, a warehouse in North Little Rock and a gourmet dog cookie facility in Maumelle.

Trio of La Quinta Inns Sold in $7.5 Million Package

by Arkansas Business Staff 1/11/2016 12:00 am

Three Little Rock area La Quinta Inns were bought and sold in a series of multimillion-dollar deals.

Arkansas Hospitals Keep Buying Physician Clinics

by George Waldon and Gwen Moritz 1/11/2016 12:00 am

When hospitals buy physician clinics, the results are mixed. But the trend, which is as evident in Arkansas as it is nationally, shows no signs of going away.

Moses Tucker Team Grows by Two (Movers & Shakers)

by Arkansas Business Staff 1/11/2016 12:00 am

Ray Nolan has joined Moses Tucker Real Estate of Little Rock as vice president of development, and Greyson Skokos has joined the company as an associate broker.

New Residential Development Underway at Downtown Hot Springs

by Alexis Hosticka 1/8/2016 11:32 am

Downtown Hot Springs had a big 2015, marked by new investment following the Majestic Hotel fire in 2014, and 2016 could bring more residential real estate projects to the Spa City.

CS&L to Buy PEG Bandwidth in $409M Deal

by Lance Turner and Mark Carter 1/7/2016 11:23 am

Communications Sales & Leasing Inc. of Little Rock announces its first acquisition, a $409 million deal for PEG Bandwidth LLC, a telecommunications infrastructure provider owned by Associated Partners LP.

Natural Grocers to Open in Little Rock

by Lance Turner 1/5/2016 11:18 am

Publicly traded Natural Grocers by Vitamin Cottage Inc. of Lakewood, Colorado, is entering the Little Rock grocery market for the first time, opening a Natural Grocers store Jan. 19 at 9210 Rodney Parham Road.

Rental Prices Increase in Little Rock, Decline in Fayetteville

by Alexis Hosticka 1/4/2016 01:44 pm

Average rental prices are increasing in Little Rock but decreasing in Fayetteville, according to the Apartment List National Rent Report from Rentonomics.

2015: The Year in Executive Q&A

by Gwen Moritz 1/4/2016 12:00 am

This week, for the second time, Arkansas Business offers a compilation that appeals to the universal interest in other people: all 50 of 2015's “Executive Q&A” features in the first issue of Arkansas Business for 2016.