Real Estate Archive

TIAA-CREF Moving Into Joyce Boulevard Building in Fayetteville

by Arkansas Business Staff 9/7/2015 12:00 am

The Teachers Insurance and Annuity Association-College Retirement Equities Fund, a financial services organization, is taking over 1,200 SF of space on the ground floor of the Commerce Park II building at 2049 E. Joyce St. in Fayetteville.

Judgment Increased in Hillcrest Home Case

by Arkansas Business Staff 9/7/2015 12:00 am

Kathleen “Kathy” Blasingame of Maumelle was ordered last month to pay $173,874 in court costs and attorneys' fees in the case she lost to Dr. Joel Dworkin, who had bought the Hillcrest home.

Bridgeway Opens New $4 Million Site for Seniors

by Mark Friedman 9/7/2015 12:00 am

Bridgeway Inc., the North Little Rock psychiatric hospital, began taking patients last week in its $4 million building that features 20 beds for seniors. Bridgeway, an affiliate of Universal Health Services Inc. of King of Prussia, Pennsylvania, had been treating senior patients for years, but it didn't have a dedicated area for them, said Bridgeway's CEO Jason Miller.

Retail Space Vacancy Rate Slips

by Arkansas Business Staff 9/7/2015 12:00 am

The vacancy rate for retail space in Pulaski County fell slightly in the second quarter of 2015, to 6.3 percent compared with 6.4 percent in first-quarter 2015, according to the Central Arkansas Commercial Data Exchange. However, it remains almost a full percentage point higher than the year-earlier quarter, when it was 5.4 percent.

McLarty Capital Partners Makes Loans, Invests Equity

by George Waldon 9/7/2015 12:00 am

As an SBIC, McLarty Capital has the flexibility of working with a business as a lender or as an equity partner with a minority or majority position. The seven deals it has closed to date represent a mix of each kind.

Planning Key For Passing On Illiquid Assets

by Marty Cook 9/7/2015 12:00 am

Estate planning may be a simple, two-page will and testament that specifies who gets the savings account balance and the 2005 Toyota Camry. The deceased's assets can range from cash to shares of stock to rental houses to acres of land.

NLR Insurance Office Registers $1.6M Sale (Real Deals)

by George Waldon 9/7/2015 12:00 am

Faulkner Lake 391 LLC, led by Tom Salmon, bought the 4600 E. McCain Blvd. project from State Farm Mutual Automobile Insurance Co. of Bloomington, Illinois.

Tyson Foods Employee Pleads Guilty to $550,000 Fraud

by Lance Turner 9/4/2015 04:41 pm

A former manager at Tyson Foods Inc. waived indictment and pleaded guilty Friday to one count of wire fraud, according to the U.S. Attorney for the Western District of Arkansas.

Arvest Puts Matt Kendall, Kathleen Craig in New Posts

by Arkansas Business Staff 9/3/2015 11:50 am

Arvest Bank promoted Matt Kendall to executive director of its mortgage operations, and it hired Kathleen Craig to fill his previous role as director of mortgage productions operations.

Beige Book Indicates Economic Growth in St. Louis District

by Arkansas Business Staff 9/2/2015 02:04 pm

Economic activity in the St. Louis District has continued to increase at a moderate pace since the previous "Beige Book" in July and year-over-year home sales in June increased 7 percent in Little Rock.

Low Vacancy Could Lead to Lease Rate Increases in NWA

by Alexis Hosticka 9/1/2015 11:00 am

The Skyline Reports on commercial and multifamily real estate in northwest Arkansas show vacancy rates in every market in northwest Arkansas at the lowest levels the report has ever recorded.

AFCU Withdrawn from Tech Park Package

by Arkansas Business Staff 8/31/2015 12:00 am

Arkansas Federal Credit Union was uninvited from participating in the consortium of lenders providing a $17.5 million financing package for the Little Rock Tech Park at the request of the Arkansas Bankers Association.

WLR Storage Property Packed in $6 Million Deal

by Arkansas Business Staff 8/31/2015 12:00 am

A west Little Rock mini-storage development, a grand home near the Country Club of Little Rock and residential lots in Sherwood debut as this week's trio of million-dollar transactions.

Park Avenue Lofts Sells In $36M Transaction (Real Deals)

by George Waldon 8/31/2015 12:00 am

ER Park Avenue Apartments LLC, an affiliate of Equity Resources LLC of Birmingham, Alabama, purchased Park Avenue Lofts at 320 S. University Ave. The development previously was linked with a February 2012 mortgage of $21.6 million held by Arvest Bank of Fayetteville.

Koutroumbis Buys High Point Terrace Apartments (NWA Real Deals)

by Marty Cook 8/31/2015 12:00 am

Koutroumbis Properties of Fayetteville acquired the six-unit High Point Terrace apartment complex at 922 Hughes St. in Fayetteville for $512,000.

‘Living Beyond His Means' Catches Up With Dennis Smiley Jr.

by Gwen Moritz 8/31/2015 12:00 am

Henry Dennis Smiley Jr. — the Jr. matters in this case — pleaded guilty Tuesday to a single count of bank fraud. But the plea agreement identifies 23 banks as his victims, and that doesn't include Arvest Bank, which had trusted him to be president of its Benton County market.

Central Arkansas Industrial Space Vacancy Rate Slips

by Arkansas Business Staff 8/31/2015 12:00 am

The vacancy rate for industrial space in central Arkansas fell slightly in the second quarter compared with the year-ago quarter, to 11.7 percent compared with 11.9 percent in second-quarter 2014.

John James Looks to Make New Mark With Hayseed

by Marty Cook 8/31/2015 12:00 am

Hayseed, which moved into the Old Post Office building on the downtown Fayetteville square, hopes to raise $6 million to help the next generation of Acumens. James said Hayseed has already partnered with four startups and is consulting a fifth.

Little Rock's Original Fern Bar: How Buster's Birthed Dave & Buster's

by Jan Cottingham 8/31/2015 12:00 am

Next summer, Dave & Buster's, based in Dallas and co-founded by Corley and Corriveau in 1982, will be opening a location in Little Rock, its first in Arkansas. D&B now has almost 11,000 employees and 73 stores, including one in New York's Times Square. The Arkansas arrival comes 33 years after its founders opened Buster's in Little Rock's Union Station.

Emails: Osteopathic Association Opposed Jonesboro Location

by Mark Friedman 8/31/2015 12:00 am

The Arkansas Osteopathic Medical Association spent more than a year opposing the establishment of an osteopathic medical school on the campus of Arkansas State University.