Real Estate Archive

Yellow Rocket Buys Rebsamen Property for New HQ

by Arkansas Business Staff 8/22/2016 12:00 am

Yellow Rock Concepts of Little Rock, the powerhouse restaurant group, has bought estate sale king Roy Dudley's property at 1311 Rebsamen Park Road in Riverdale.

David's Burgers Sets Stake in Conway Near Future Sam's Club

by Arkansas Business Staff 8/22/2016 12:00 am

A David's Burgers location and 10 houses provide a pair of $1.1 million transactions in Conway.

Port of Little Rock Seeks Room To Grow

by Jan Cottingham 8/22/2016 12:00 am

The No. 1 goal for Bryan Day, executive director of the Port of Little Rock, is to buy 1,500-2,000 acres with $10 million the port gets from a 1 percent sales tax approved in 2011.

Recruiting Billion-Dollar Shandong Sun Paper Mill Starts With Breakfast

by George Waldon 8/22/2016 12:00 am

The future pulp mill site, five miles south of Arkadelphia, represents Shandong Sun Paper's first North American project. Construction of the complex is expected to begin a year from now and produce 250 new jobs to staff it when fully operational in 2020.

Newcomers to Northwest Arkansas Refilling Labor Pool

by Marty Cook 8/22/2016 12:00 am

The Arkansas Department of Workforce Services released a report in July that showed Arkansas' seasonally adjusted unemployment rate was 3.8 percent in June 2016. The U.S. Bureau of Labor Statistics reported unadjusted unemployment rates of 3.1 percent for northwest Arkansas and 4.2 percent for Arkansas.

Central Arkansas Housing Market Responds to Decline in Household Size

by Arkansas Business Staff 8/22/2016 12:00 am

As homeownership in the United States and in Arkansas has declined, the nature of the housing market has changed, notes a recent report by Metroplan, the federally designated planning agency for Pulaski, Faulkner, Saline and Lonoke counties.

Holiday Inn Express Sale Checks In at $5.1 Million (Real Deals)

by George Waldon 8/22/2016 12:00 am

A limited liability company led by Ishverbhai Govind purchased the 1.5-acre, 69-room hotel on East McCain Boulevard in North Little Rock.

Cornelius Schnitzler: Air Industry Lifts Arkansas in Berlin

by Arkansas Business Staff 8/22/2016 12:00 am

Cornelius Schnitzler is the director of the Arkansas Economic Development Commission office in Berlin. The office, which opened in July, is the state's base of operations in Europe, where it aims to maintain existing business relationships and cultivate new ones.

Traveling the Globe in Search of Jobs (Mike Preston Commentary)

by Mike Preston 8/22/2016 12:00 am

Over the last year, your Arkansas Economic Development Commission has traveled almost 20,000 miles around the world searching for good-paying jobs for the people of Arkansas. It's a reflection of the times in which we live. Ours is a global economy, and the competition for new jobs is no longer with surrounding states only, but with every country around the globe.

Mike Malone Stepping Down As Northwest Arkansas Council CEO

by Arkansas Business Staff 8/18/2016 03:41 pm

Mike Malone announced he will leave the Northwest Arkansas Council where he has served as president and CEO of the nonprofit since 2006.

Group Buys Legacy Hotel for $2.85M, Plans $5M in Renovations

by Alexis Hosticka 8/17/2016 04:34 pm

Newly created SHG Management LLC of Sherwood recently purchased the Legacy Hotel in downtown Little Rock for $2.85 million and plans to spend another $5 million on renovations.

Construction Starts on Hyatt Place, Convention Center in Jonesboro

by Graycen Colbert Bigger 8/17/2016 11:51 am

Dodging rainy weather, local officials and members of the Keller Family Hyatt Group marked the start of construction on a $30 million Hyatt Place Hotel & Convention Center in Jonesboro.

SPONSORED: New Regulations Affect Trustees Of Retirement Plans

by 8/17/2016 08:29 am

A retirement plan review with experts can reduce risk and maximize benefit to employees.

LR's Midtown Center Leads List of Recent Seven-Digit Deals

by Arkansas Business Staff 8/15/2016 12:00 am

A retail project in Little Rock, a grocery store in Maumelle, a fast-food outlet in west Little Rock, two Little Rock homes and a pair of residential properties involved in an intrafamily swap compose our magnificent seven real estate transactions this week.

Lofty Labs on the Move in Fayetteville

by Arkansas Business Staff 8/15/2016 12:00 am

The web development consultancy plans to move this October to 3,000 SF at 509 W. Spring St., which is in Fayetteville's entertainment district.

Arkansas Homeowners No Longer Playing With House Money

by Kyle Massey 8/15/2016 12:00 am

Once upon a time, homeowners thought it was perfectly fine — smart even — to carry greater debt on their houses and take out the equity as cash for investments. After all, interest rates were low, homebuyers were eager, and everyone knew that housing could never decline in value. Well, that last part turned out to be a fairy tale.

NFL's Darren McFadden Learns Lesson From Financial Fumble

by Mark Friedman 8/15/2016 12:00 am

In June, Dallas Cowboys running back Darren McFadden filed a lawsuit accusing his former family friend and financial adviser, Michael Vick of Pulaski County, of “gross incompetence, self-dealing and outright theft” of more than $15 million.

The Truth Is Out There (Gwen Moritz Editor's Note)

by Gwen Moritz 8/15/2016 12:00 am

This keeps me awake at night: The knowledge that there are important stories of value and interest to my readers, or of importance to our community or our country, that aren't being reported because news organizations don't know about them and there might not be enough warm bodies to do the work even if we did.

Power and Pain of Consensus (Barry Goldberg On Leadership)

by Barry Goldberg 8/15/2016 12:00 am

Mainstream, action-oriented leadership thinkers tend to hate the idea of consensus, opting instead for rapid-fire, quick-decision meetings. The efficiency of pushing quickly for a clear path forward is hard to resist; however, it often steps over or forces underground the kind of resistance that will kill a new idea or initiative — but usually not until most of the time and money are spent.

Unemployment Rates in Arkansas Cities Vary Widely

by Arkansas Business Staff 8/15/2016 12:00 am

Unemployment rates rose slightly in Arkansas metro areas in June, but rates are still lower than a year ago, notes Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock.