Real Estate Archive

Pantry Crest To Open in Hillcrest Next Month

by Arkansas Business Staff 8/4/2014 12:00 am

Tomas Bohm, owner of the Pantry restaurant in west Little Rock, says he hopes to open the Pantry's Hillcrest sibling, the Pantry Crest, sometime in September.

Forest Place Arsonist Pleads Guilty to Two Counts

by Gwen Moritz 8/1/2014 05:04 pm

Lacey Rae Moore faces at least 12 years in prison and has agreed to pay restitution of more than $12.5 million for damage caused by seven fires, including five for which criminal charges were dropped as part of her plea deal.

A Closer Look: Arkansas Unemployment and Employment

by Arkansas Business Staff 7/28/2014 12:00 am

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.

CapRocq Takes Ownership Of Village on the Creeks (NWA Real Deals)

by Marty Cook 7/28/2014 12:00 am

The Village on the Creeks was transferred for no consideration from VOC Ltd. of Rogers to CapRocq VOC LLC of Little Rock on July 14.

Whataburger On Way to Fayetteville (NWA Real Deals)

by Marty Cook 7/28/2014 12:00 am

Whataburger is poised to set up its hamburger restaurant in Fayetteville after purchasing two lots for $1.45 million on West Martin Luther King Jr. Boulevard.

Value Place Hotel Visited by $4M Sale (Real Deals)

by George Waldon 7/28/2014 12:00 am

A 121-room hotel in west Little Rock tipped the scales at $4.08 million. A 6,450-SF warehouse in southwest Little Rock is under new ownership after a $1.26 million sale. And a 1.57-acre office site in west Little Rock changed hands in a $374,848 transaction.

Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It's expected to employ more than 525 workers with average yearly compensation of $75,000.

Arkansas Business Presents the 2014 Power List

by Gwen Moritz 7/28/2014 12:00 am

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks.

ArcBest Making Moves Toward Memphis

by Arkansas Business Staff 7/28/2014 12:00 am

ArcBest Corp. of Fort Smith is proceeding with plans to move ABF Freight Systems operations from North Little Rock to Memphis. ABF Freight, ArcBest's largest subsidiary, was offered a $4 million incentive from an economic development group to move a distribution center to Memphis where it would undergo a $20.5 million expansion. ArcBest has closed or consolidated 30 terminals in the past year, including two in Arkansas (Harrison and Russellville).

Brandon Barber Should Serve About 20 Years, Feds Say

by Arkansas Business Staff 7/25/2014 08:52 am

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison.

Deltic Timber 2Q Net Down Against One-Time Gains

by Arkansas Business Staff 7/23/2014 04:52 pm

Deltic Timber Corp. of El Dorado reports second-quarter net income of $5.3 million or 42 cents per share, down 53 percent from the same time last year.

Fort Smith Stays on Top of Arkansas Tech Business Index

by Lee Hogan 7/21/2014 09:42 am

For the second consecutive month, Fort Smith had the highest ATBI value in April. The city saw a decrease of 1.6 points between March and April, however, its 106.99 rating was good enough to best its closest competitors.

Wal-Mart Execs Naturally Dominate List of Executive Compensation

by Gwen Moritz 7/21/2014 12:00 am

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon.

Proposal Would Raise Arkansas' Minimum Wage Rate

by Arkansas Business Staff 7/21/2014 12:00 am

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly.

Carrington Complex Draws $21.5 Million Transaction (Real Deals)

by George Waldon 7/21/2014 12:00 am

A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale.

Lessons Learned (Editorial)

by Arkansas Business Editors 7/21/2014 12:00 am

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints).

Better Words, Higher Prices (Jim Karrh On Marketing)

by Jim Karrh 7/21/2014 12:00 am

There's no shortage of promotional language in today's product marketing environment. We have all heard enough about “world-class,” “new and improved” and “killer,” have we not? The marketing world is filled with tired copycat words and phrases that fail to clearly differentiate one company or offering from others. The right words, however, can indeed help create significant and measurable value.

Ashley Group Could Bring New Life to Pleasant Crossing in Rogers

by Arkansas Business Staff 7/21/2014 12:00 am

The Ashley Group of North Little Rock, one of the largest commercial property managers in the state, is looking to buy a mostly undeveloped 30.5-acre piece of the Pleasant Crossing development in Rogers.

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

by Arkansas Business Staff 7/21/2014 12:00 am

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month.

One Bank Sells Former Scooter Stuart House

by Arkansas Business Staff 7/21/2014 12:00 am

Syed and Ayesha Samad acquired the 12,350-SF mansion in west Little Rock's gated Hickory Creek neighborhood for $1.6 million.