Real Estate Archive

Governor's Quality Awards Go to 28 Arkansas Organizations

by Arkansas Business Staff 9/16/2014 08:28 am

The 20th annual event was held at the Marriott Hotel in downtown Little Rock before an audience of more than 400 business and civic leaders. In addition to recognizing the winers, 16 past awards recipients were recognized.

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.

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.

Department of Arkansas Heritage Puts Down Roots Near River

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

The Department of Arkansas Heritage intends to develop a 30,000-SF headquarters in downtown Little Rock, assembling a 4.5-acre location on the banks of the Arkansas River in two transactions totaling $2.3 million.

Lindsey Management Facing Numerous Overtime Lawsuits

by Mark Friedman 9/15/2014 12:00 am

Lindsey Management Co. of Fayetteville, the largest apartment property manager in Arkansas, is dealing with several federal lawsuits from employees who allege they weren't paid overtime.

West Little Rock Hosts $1.4M Boot City Buy (Real Deals)

by George Waldon 9/15/2014 12:00 am

Development of a 20,000-SF Cavender's Boot City store is in motion in Little Rock's Gateway Town Center after a $1.38 million land deal. And the Town Pump and its adjoining liquor store in Little Rock's Riverdale area changed hands in a $500,000 sale.

South Arkansas Formation Proves Disappointing So Far

by Michelle Corbet 9/15/2014 12:00 am

The Lower Smackover Brown Dense formation has, so far, been a disappointment for exploration companies, mineral rights owners and state regulators hoping for a 21st century oil boom in south Arkansas and north Louisiana.

Natural Gas in Fayetteville Shale Takes Arkansas from Zero to Billions in 10 Years

by Michelle Corbet 9/15/2014 12:00 am

In the past decade, the players in the Fayetteville Shale have shuffled and consolidated, drilling has peaked and retreated, employment has expanded and contracted, technology has advanced, environmental and infrastructure concerns have reared their heads and government has responded.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.