Real Estate Archive

Sweet Home Farm Bought for $4.5 Million

by Arkansas Business Staff 5/23/2016 12:00 am

A 1,145-acre farm in southeast Pulaski County, two mini-storage projects in North Little Rock and a 14,000-SF store in White Hall form this week's quartet of multimillion-dollar transactions.

Bentonville Warehouse Auctioned for $1.6 Million

by Arkansas Business Staff 5/23/2016 12:00 am

A 30,000-SF warehouse in Bentonville was auctioned for approximately $1.6 million Wednesday. The identity of the buyer was not disclosed.

Pulaski County's Most Expensive Home Sales of 2015

by Mark Friedman 5/23/2016 12:00 am

Sales of seven-figure homes in Pulaski County jumped in 2015, but the million-dollar houses remain a small part of the market.

Northwest Arkansas' Most Expensive Home Sales of 2015

by Marty Cook 5/23/2016 12:00 am

There was a drop in seven-figure home sales in Washington and Benton counties in 2015. In 2014, 18 homes in the two counties sold for $1 million or more; in 2015, only 10 such homes were sold.

Top Residential Firms in Arkansas Enjoy Home Sales Rebound

by George Waldon 5/23/2016 12:00 am

2015 was a good year for buying and selling houses in Arkansas as reflected by growth among the 10 largest residential realty firms.

Industrial Space Vacancy Rate Drops

by Arkansas Business Staff 5/23/2016 12:00 am

The vacancy rate for the industrial real estate market in central Arkansas stood at 10.7 percent in first-quarter 2016, compared with 11 percent in fourth-quarter 2015.

RPM Group's Kris Upton on How Technology Brings an Agent's Success Back Home

by Arkansas Business Staff 5/23/2016 12:00 am

Kris Upton, 46, is president of the RPM Group, where he's worked since 2003, and previously has served the company as treasurer, chief financial officer and chief operating officer.

Tech Park Transactions Surpass $12.6 Million (Real Deals)

by George Waldon 5/23/2016 12:00 am

The acquisition encompassed four office buildings and three parking lots. The biggest deal with Five Main LLC, led by Warren Stephens, was valued at $10.8 million

Arkansas Consumer Sentiment Continues to Climb

by Arkansas Business Staff 5/18/2016 09:36 am

The current consumer sentiment index for Arkansas is 84.9, up from 77.8 in September, according to the spring 2016 Arvest Consumer Sentiment Survey, released Tuesday.

Real Estate, Infrastructure Continue Growth, Improvement in Conway

by Alexis Hosticka 5/17/2016 04:43 pm

Millions of dollars have been invested in improving Conway infrastructure and adding retail destinations to the growing city and, according to panelists at the first Outlook Conway conference on Tuesday, the development isn't slowing.

Jack Mullen, Paula Cholmondeley Join Board of Growing Bank of the Ozarks

by George Waldon 5/16/2016 11:38 am

At Monday's annual shareholders meeting, Chairman and CEO George Gleason also announced that a third seat would be filled by Trevor Burgess, president, CEO and founder of the $1.7 billion-asset C1 Financial Inc. of St. Petersburg, Florida.

Developers Propose Apartments for Donaghey Building

by Alexis Hosticka 5/16/2016 10:10 am

The Donaghey Building at Seventh and Main streets in Little Rock is on the agenda for the city board of directors meeting on Tuesday, with an applicant seeking to rezone the site to a multi-use development.

Main Street Lofts Asks for Clarification in Arbitration

by Arkansas Business Staff 5/16/2016 12:00 am

Before a general contractor's foreclosure action begins, Main Street Lofts LLC and Main Street South LLC asked an arbitrator to split the $896,756 award for unpaid work between properties.

John Rogers Lakewood Mansion Still on Market

by Arkansas Business Staff 5/16/2016 12:00 am

An unnamed buyer and Centennial Bank were less than $100,000 apart from completing the deal for the North Little Rock property when negotiations broke down.

No Charge From Nabholz for Insurance Department Building Budget

by Arkansas Business Staff 5/16/2016 12:00 am

Arkansas Insurance Department spokesman Ryan James said the department asked Nabholz to run some numbers “for informational purposes.” No bids or proposals were sought and no payment made for the one-page estimate dated April 25.

Central Arkansas Retail Space Vacancy Rate Drops

by Arkansas Business Staff 5/16/2016 12:00 am

The vacancy rate for retail space in central Arkansas stood at 4.7 percent in first-quarter 2016, compared with 4.8 percent in fourth-quarter 2015, according to Xceligent Inc. of Independence, Missouri, a provider of information and reports on area real estate.

Presidential Hotel Hosts $8.5M Sale (Real Deals)

by George Waldon 5/16/2016 12:00 am

LR HI Associates LLC, an affiliate of Centura Capital of Conshohocken, Pennsylvania, bought the Holiday Inn-Presidential at 600 Interstate 30. The seller is HI Presidential LLC, led by Larry Carpenter.

Communications Sales & Leasing Reports 1Q Earnings up From 4Q

by Sarah Campbell 5/12/2016 10:21 am

Communications Sales & Leasing of Little Rock on Thursday reported a first-quarter net income of $8 million, a gain of $800,000 from $7.2 million in the fourth quarter.

Chick-fil-A Selects Strip of Gateway Town Center

by Arkansas Business Staff 5/9/2016 12:00 am

An eatery site at Little Rock's Gateway Town Center, a dental development in North Little Rock and rural acreage in southeast Pulaski County provide our trio of million-dollar deals.

Worldwide Number of Bank Branches on Decline

by Arkansas Business Staff 5/9/2016 12:00 am

Technology has changed the relationship between banks and their customers, a change resulting in the decline in the number of bank branches per capita worldwide.