Real Estate Archive

Arkansas Jobless Rate Down to 5.8 Percent in November

by Mark Carter 12/19/2014 09:38 am

The unemployment Rate in Arkansas fell to 5.8 percent in November, down from 6.1 percent in October. The 5.8 jobless rate matches the U.S. rate, which remained stable between October and November.

Little Rock A&P Recommends $5M in DoubleTree Renovations

by Arkansas Business Staff 12/18/2014 04:09 pm

The Little Rock advertising and promotion commission on Thursday recommended $5 million in renovations for the DoubleTree Hotel in downtown Little Rock.

Venture Center, Tech Park Offices to Move Into Block 2 Building

by Mark Carter 12/18/2014 10:50 am

Leaders of the Arkansas Venture Center and the Little Rock Technology Park will set up offices in the former ARK Challenge space on the ground floor of the Block 2 building in the 100 block of East Markham in downtown Little Rock.

Outlets at Little Rock Developer Talks Construction, Tenants, Impact

by Lee Hogan 12/18/2014 08:30 am

The Outlets at Little Rock will open this summer. Michael Barelli, vice president of New England Development, recently talked to Arkansas Business about the 325,000-SF shopping center coming to central Arkansas.

Arvest Survey: Mortgage Debt Down, Savings Up in Arkansas

by Lee Hogan 12/16/2014 10:27 am

Arkansans reported less mortgage debt than their neighbors in Oklahoma and Missouri, according to the latest consumer sentiment survey from Arvest Bank.

Superior Space in Conway Attracting High-End Hotel, Restaurant Interest

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

Conway's resurgence is keeping T.J. Lefler's phone ringing. Lefler says he has serious inquiries from several hotels as well as a handful of upscale restaurants that are interested in some prime real estate.

Bentonville Retail Center Sold for $1.35M

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

The strip center at 231 N. Walton Blvd. is occupied by Papa John's Pizza, Wingstop, Rent-A-Center and Kumon Math & Reading Center.

Sherwood Walgreens Tops Million-Dollar Quartet of Sales in Pulaski County

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

A Walgreens in Sherwood is the leader of this week's quartet of million-dollar transactions in Pulaski County.

Shadow Lake, Turtle Creek Apartments Tandem Sales Surpass $40.5 Million (Real Deals)

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

The 296-unit Shadow Lake Apartments at 13111 W. Markham St. sold for $26.87 million and the 216-unit Turtle Creek Apartments at 601 Napa Valley Drive went for $13.71 million.

Cooper Communities A Family Enterprise for Over 50 Years

by Marty Cook 12/15/2014 12:00 am

Cooper Communities Inc. of Rogers — along with its assorted subsidiaries such as Cooper Land Development, Cooper Homes and Cooper Realty Investment — really is a family business.

Prudent Planning Pays Off for Cooper Communities

by Marty Cook 12/15/2014 12:00 am

John Cooper III is president and chairman of the board of directors of Cooper Communities Inc. of Rogers, a prolific land development company for the past 50-plus years. How prolific is a company secret, as Cooper politely declines to share the private company's revenue or employment figures. He did sit down at his company's headquarters for an interview, his first ever with the media.

Proland Title Purchases Cabot Title Co.

by Arkansas Business Staff 12/12/2014 09:55 am

Proland Title Company of Little Rock has purchased Cabot Title Co. and Lonoke County Title Search, an online title search platform, the company announced Friday.

Photos: Inside the Ongoing Renovation of Robinson Center

by Lee Hogan 12/12/2014 07:30 am

If the massive crane didn't give it away, one trip inside the historic Robinson Center Music Hall leaves no doubt: There's a renovation happening.

NLR Chamber, ABPG Launch Arkansas Women's Hall of Fame

by Lee Hogan 12/10/2014 01:38 pm

The North Little Rock Chamber of Commerce, in partnership with Arkansas Business Publishing Group of Little Rock, launched the Arkansas Women's Hall of Fame on Wednesday.

Arkansas Single-Family, Multifamily Permits Down in 3Q, FDIC Report Says

by Lee Hogan 12/9/2014 11:54 am

Single-family home permits and multifamily permits were both down in the third quarter, according to a state profile of Arkansas released Monday by the Federal Deposit Insurance Corp.

Fort Smith No. 1 in Arkansas Tech Business Index for September, 3Q

by Lee Hogan 12/9/2014 10:27 am

Fort Smith returned to the top of the Arkansas Tech University Business Index in September, and also led the way in the third-quarter rankings.

Downtown Partnership Leader Sharon Priest to Retire

by Arkansas Business Staff 12/8/2014 01:45 pm

The Downtown Little Rock Partnership said Monday that its executive director, Sharon Priest, will retire at the end of January.

Susan Grobmyer Steps Up at Centennial in Fort Smith (Movers & Shakers)

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

Susan Grobmyer has joined Centennial Bank in Fort Smith as senior business development officer. She has more than 30 years of banking and business development experience.

Aircraft Hangar Lands $9.2M Transaction (Real Deals)

by George Waldon 12/8/2014 12:00 am

The sale of a 45,117-SF hangar at Clinton National Airport weighed in at $9.2 million while down the street, a 75,100-SF industrial facility in east Little Rock changed hands in an $800,000 deal.

Centennial Settles with Blackwood over Greystone Development

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

Centennial Bank of Conway has backed off of a foreclosure action against Blackwood Properties LLC, led by realty exec Steven Blackwood.