Real Estate Archive

Home Ownership Down, Renting Up in Central Arkansas

by Sarah Campbell 7/28/2016 04:11 pm

Home ownership continues to decline as rental housing grows in central Arkansas and nationally, according to Metroplan's 2016 Demographic Review and Outlook.

Dollar General Buys Former Walmart Express Stores in Coal Hill, Mulberry

by Sarah Campbell 7/28/2016 12:28 pm

Dollar General of Goodlettsville, Tennessee, announced this week its acquisition of 41 former Walmart Express stores in 11 states, including one in Coal Hill and one in Mulberry.

Homes Sold Statewide Increases 7 Percent in June, 12 Percent Year-to-Date

by Alexis Hosticka 7/28/2016 10:58 am

Arkansas realtors experienced a 7 percent increase in the number of homes sold statewide in June as reflected in a report distributed by the Arkansas Realtors Association Thursday. Statewide, there has been a nearly 12 percent increase in number of units sold compared to 2015, with 16,370 home sold so far this year.

Better Lumber Market Drives Deltic Timber Profit Higher

by Sarah Campbell 7/27/2016 04:29 pm

Deltic Timber Corp. of El Dorado announces net income of $4.2 million, or 35 cents per share, in the second quarter of 2016 compared with $800,000, or 7 cents per share, for the second quarter of 2015.

Randy Alexander, McKay & Co. Owner, Dies at 71

by Arkansas Business Staff 7/25/2016 11:04 am

Randy Alexander, a leader in residential real estate in Arkansas who owned McKay & Co. Realtors, died Friday in Little Rock. He was 71.

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

At Least One Offer Pending on John Rogers Lakewood Mansion in NLR

by Arkansas Business Staff 7/25/2016 12:00 am

It looks like there's a buyer for the foreclosed Lakewood mansion of troubled North Little Rock businessman John Rogers.

Parkview Medical Building Changes Hands in $5M Deal

by Arkansas Business Staff 7/25/2016 12:00 am

Medical condo space in midtown Little Rock and a 140-bed nursing home in south Pulaski County were just two recent property deals exchanged in multimillion-dollar transactions.

Gaillardia Club Woes Spawned Phil Herrington Bankruptcy

by Mark Friedman 7/25/2016 12:00 am

Herrington's $13.45 million Chapter 11 reorganization, filed on March 18, represents one of the largest debt totals in a personal bankruptcy filing in recent years in Arkansas. He listed $5.1 million in assets.

Survey: Branch Banking in the U.S. Still a Robust Service

by Arkansas Business Staff 7/25/2016 12:00 am

Bank customers continue to seek the human touch provided by bank branches, according to a survey by Protiviti, a global consulting firm based in Menlo Park, California. The survey, released late last year, found that 84 percent of bank customers visit their branches at least once a month.

Rockline Industries Expands in Springdale (NWA Real Deals)

by Marty Cook 7/25/2016 12:00 am

Rockline Industries of Sheboygan, Wisconsin, a wet-wipe manufacturer, paid $2.25 million for a 50,000-SF warehouse close to its manufacturing facilities in Springdale.

North Little Rock Apartment Land Draws $2.8M Sale (Real Deals)

by George Waldon 7/25/2016 12:00 am

Richardson Properties LLC, led by Keith Richardson, purchased the undeveloped 64.5-acre tract adjoining Foothills Apartments at 2401 Lakeview Road.

Foreclosure Hearing Delayed Amid Possible Main Street Lofts Sale

by George Waldon 7/22/2016 10:53 am

A court hearing that would have kept the foreclosure train moving on the Main Street Lofts project was postponed Friday morning.

College Marketplace in Fayetteville Sells For $23M

by Marty Cook 7/21/2016 10:11 am

A California real estate investor paid more than $23 million for College Marketplace in Fayetteville, the five-acre shopping center that is anchored by Whole Foods Market at 3425 N. College Ave.

Wall Street Journal: Bank of the Ozarks Fills Loan Void in Big Markets

by Lance Turner 7/20/2016 10:33 am

The Wall Street Journal today takes a look at Bank of the Ozarks Inc. of Little Rock, which it says is filling a loan void in big markets like New York and Houston.

Towne Oaks Apartments Combo Sold in $10 Million Deal

by Arkansas Business Staff 7/18/2016 12:00 am

This week's installment of multimillion-dollar real estate transactions features seven west Little Rock properties.

Ralph Vines on Paving the Road to Success with Good Decisions

by Arkansas Business Staff 7/18/2016 12:00 am

Ralph Vines started Kesser International in 1987 as a sole proprietorship while he also was serving in the U.S. Army.

Colony West Apartments Draw $6.3 Million Sale (Real Deals)

by George Waldon 7/18/2016 12:00 am

A 126-unit apartment complex in west Little Rock weighed in at $6.3 million, and a Heights retail project tipped the scales at $1.34 million.

Beige Book: Economy Improving, Modest Job Growth Across US

by Alexis Hosticka 7/14/2016 10:19 am

The U.S. economy has continued to improve at a modest pace, according to the Federal Reserve's latest survey of business conditions, released Wednesday.

Little Rock Tech Park Board Votes to End Lease at Markham Street

by Sarah Campbell 7/14/2016 10:10 am

The Little Rock Technology Park Authority Board voted Wednesday to pay a $38,100 fee to terminate its lease and move out of its temporary space at 107 E. Markham St. by Feb. 28.