Real Estate Archive

Arkansas Business Presents the 40 Under Forty Class of 2014

by Gwen Moritz 6/23/2014 12:00 am

This week, Arkansas Business presents its 21st class of 40 Under 40 honorees. This year's honorees represent our state's geography — Pine Bluff, England, Jonesboro, Conway, Fort Smith, Rogers — and the diversity of our business community — farming, finance, medicine, academia, nonprofits.

CapRocq Core Adds 2 Properties, Fund Passes $130M

by Arkansas Business Staff 6/18/2014 11:38 am

Little Rock's CapRocq Core Real Estate Fund Ltd., a real estate partnership that buys real estate assets in the South and Midwest, has completed two closings that bring the fund's acquisition total to more than $130 million.

Pay Tops $1 Million For Seven on Highest-paid Nonprofit Employees List

by Gwen Moritz 6/16/2014 12:00 am

Seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.

Donald W. Reynolds Foundation Winding Down, Will Close in 2017

by Mark Friedman 6/16/2014 12:00 am

After committing more than $1.8 billion to nonprofits since 1994, including hundreds of millions of dollars to organizations in Arkansas, the Donald W. Reynolds Foundation of Las Vegas is set to shut down at the end of 2017.

Chateau West Moves In $2.8 Million Sale (Real Deals)

by George Waldon 6/16/2014 12:00 am

The sale of a 141-unit apartment complex in south Little Rock weighed in at $2.86 million. A carwash in downtown Little Rock is under new ownership after a $491,000 sale. And a 1,744-SF office building in west Little Rock changed hands in a $300,000 deal.

Clarity Pointe Opens Little Rock Facility

by Brandon Riddle 6/16/2014 12:00 am

Clarity Pointe, a community for Alzheimer's and dementia patients, recently opened a facility in west Little Rock, its second location in Arkansas. Clarity Pointe in Fayetteville opened earlier this year.

Allison Architects, Ruby Architects Firms Join To Form New Company

by Brandon Riddle 6/16/2014 12:00 am

After collaborating on projects for several years, Allison Architects and Ruby Architects have become one entity. The merged firm, Allison Architects Inc., will establish client bases in Little Rock and Fayetteville.

Clarion Hotel Medical Center Under New Ownership

by Arkansas Business Staff 6/16/2014 12:00 am

Did you know midtown Little Rock's Clarion Hotel Medical Center is under new ownership after a $5 million foreclosure sale? Windsor Capital Ltd. of San Antonio bought the 262-room project at 925 S. University Ave.

Emma Avenue Properties in Springdale Switch Hands

by Arkansas Business Staff 6/16/2014 12:00 am

Recent sales activity indicates that interest in revitalizing downtown Springdale is growing.

CapRocq Building Portfolio with Office Properties

by Arkansas Business Staff 6/16/2014 12:00 am

Little Rock's CapRocq Core Real Estate Fund Ltd. expanded its holdings with two out-of-state investments totaling about $18.5 million.

Demolition Looms for Aerospace Education Center

by Chuck Bartels, The Associated Press 6/15/2014 09:55 am

The commission that oversees Little Rock's airport is to vote Tuesday whether to approve the demolition of the Aerospace Education Center, which has been closed since the start of 2011.

FBI's Arkansas Headquarters Attracts $19.5M Sale

by George Waldon 6/9/2014 12:00 am

The Arkansas headquarters of the Federal Bureau of Investigation in west Little Rock tipped the scales at $19.5 million. A 260-unit apartment project in Little Rock's Riverdale area is in the works after a $2.57 million land deal. And a 9,460-SF office building in west Little Rock that was the subject of foreclosure proceedings has been sold for $750,000.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank's six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Location, Location, Location (Editorial)

by Arkansas Business Editors 6/9/2014 12:00 am

For the Teamsters and for North Little Rock, there is no bright side To ABF Frieght considering a move to Memphis. For the state of Arkansas, the only hope is to persuade ABF that the west side of the intersection between I-40 and the Mississippi River would be as good as the east side.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project's debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

June Groundbreaking Planned for Creekside Retail in Rogers

by Arkansas Business Staff 6/9/2014 12:00 am

Developer Jason Pullman of Bentonville said the project at 2012 S. Promenade Blvd. received clearance in early May from city officials after engineering work was done by Tom Oppenheim of CEI Engineering Inc.

Wal-Mart's Doug McMillon: Online Sales, Stores Make Customer Experience Better

by Anne D'Innocenzio, The Associated Press 6/6/2014 11:44 am

Wal-Mart's newly anointed CEO Doug McMillon said the world's largest retailer's task is to bring the changing world of e-commerce together with physical stores to help make customers' shopping experience better as technology evolves.

$18M Midtown Medical Park Opens in Little Rock

by Lance Turner 6/5/2014 03:03 pm

Midtown Medical Park, a new 66,000-SF medical office building at 6119 Midtown Ave. in Little Rock, opened Thursday, about a year after developers began construction.

Plans Submitted for Hotel, Murphy USA at Former Brandon House Furniture Site

by Lee Hogan 6/5/2014 11:51 am

The former home of Brandon House Furniture at the northwest corner of University Avenue and 12th Street in Little Rock could soon be the new home of a five-story, 110-room hotel and Murphy USA convenience store.

Tribal Land in Arkansas Draws Scrutiny

by George Waldon 6/2/2014 12:00 am

Two Indian tribes have made successful forays into Arkansas to reclaim historic ties through land ownership. One was made with the aid of a gift and the other through acquisition thanks to profits from casino operations in Oklahoma.