Real Estate Archive

Fort Smith Office Park Getting Makeover

by Arkansas Business Staff 2/2/2015 12:00 am

Woodcrest Office Park changed hands recently and will undergo a much-needed renovation.

Report: State Jobless Rate Down to 5.7 Percent

by Mark Carter 1/27/2015 09:35 am

Arkansas' unemployment rate fell to 5.7 percent in December, dropping two-tenths of a percentage point from November, according to a report from the state Department of Workforce Services.

New Ownership Visits Two Fayetteville Hotels (NWA Real Deals)

by Marty Cook 1/26/2015 12:00 am

Northwest Arkansas Hospitality & Lodging LLC, a subsidiary of Pinnacle Hotel Group of Little Rock, bought the Fairfield Inn at 720 E. Millsap Road for slightly more than $1.6 million. Pinnacle is the third-party management team for the Sleep Inn, which is located next to the Fairfield Inn at 728 Millsap Road.

Spatial Office Transaction Tops $1.6 Million Mark (Real Deals)

by Arkansas Business Staff 1/26/2015 12:00 am

A 14,000-SF office project in west Little Rock tipped the scales at $1.65 million. A 6,164-SF medical office building in North Little Rock drew a $1.04 million foreclosure sale. And a 125,522-SF industrial facility in southwest Little Rock sold for $850,000.

Harp's Sells Flagship Grocery Store in Springdale

by Arkansas Business Staff 1/26/2015 12:00 am

Harp's Food Stores Inc. of Springdale has sold its flagship store at 2894 W. Sunset Ave., which sits in front of its corporate headquarters.

Magellan Pipeline Seeks Eminent Domain on Slice of Property

by Arkansas Business Staff 1/26/2015 12:00 am

Magellan Pipeline Company LP, a subsidiary of Magellan Midstream Partners LP of Tulsa, says it's willing to chip in $468 for 0.17 of an acre in Pulaski County. The company has filed a petition in Pulaski County Circuit Court to condemn the land, owned by Jayvian J. Johnson, after he declined to respond to its original offer of $3,065, according to court documents submitted earlier this month.

Walgreens Tops List of Recent Seven-Digit Deals in Conway

by Arkansas Business Staff 1/26/2015 12:00 am

A new quartet of million-dollar deals in Faulkner County has formed. Out front is the $4 million sale of a Walgreens at 850 Oak St. in Conway.

Arvest Mortgage CEO Bill Roehrenbeck Joins PNC Bank of Delaware

by Arkansas Business Staff 1/26/2015 12:00 am

Bill Roehrenbeck, chairman and CEO of Arvest Mortgage Co. and Central Mortgage Co., has left to join PNC Bank of Wilmington, Delaware.

Central Arkansas Regains Jobs Lost During Recession

by Arkansas Business Staff 1/26/2015 12:00 am

Metroplan last month released its latest “Metro Trends: Economic Review and Outlook,” which examines what it calls “the new economy” in central Arkansas in the aftermath of the Great Recession.

Moses Tucker Real Estate Looks to Next Generation, Plans for Future

by Sean Beherec 1/26/2015 12:00 am

What appears to an outsider as the simple passing of the family business from one generation to the next wasn't the plan from the beginning.

Arkansas' Biggest Deals of 2014 Soar While Value Slips

by Jan Cottingham 1/26/2015 12:00 am

The mergers and acquisitions spigots were opened wide last year in Arkansas. The number of big deals — those valued at $9 million or more — soared 38 percent, increasing to 101 in 2014 compared with 73 in 2013.

Landowners Seek Ruling On Oil Firm's Eminent Domain Powers

by Lance Turner 1/23/2015 04:04 pm

A group of Arkansas landowners has a filed a petition in Johnson County Circuit Court asking a judge to find that Plains All American Pipeline can't use eminent domain to obtain easements for its planned, $900 million crude oil pipeline.

Tyson Foods Gives $1M to Downtown Springdale Alliance

by Mark Carter 1/23/2015 03:37 pm

Tyson Foods Inc. has given $1 million to the Downtown Springdale Alliance, the nonprofit working to revitalize the city's original downtown.

Judge Orders Brandon Barber to Pay $450K in Restitution

by Lance Turner 1/22/2015 10:05 am

U.S. District Judge P.K. Holmes orders former northwest Arkansas real estate developer Brandon Barber to pay $450,000 in restitution to First Federal Bank, a figure significantly less than what the U.S. Attorney's office calculated last fall.

Jerry Jones Gives $10.65M to University of Arkansas Athletic Department

by Arkansas Business Staff 1/21/2015 10:22 am

The Jones' gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation. The donation will address several projects of the university's athletics department, including a 55,000-SF student-athlete center.

FedEx Schedules Groundbreaking for Southwest Little Rock Site

by Lance Turner 1/20/2015 09:59 am

FedEx has scheduled a groundbreaking for its new Ground distribution facility in southwest Little Rock.

New Tenants Filling Up Pleasant Crossing Shoppes in Rogers

by Arkansas Business Staff 1/19/2015 12:00 am

Burke Larkin of Whisinvest Realty of Rogers expects to finalize the last two leases of the 22,000-SF shopping center his company built near the Walmart Supercenter on Pleasant Grove Boulevard. Alan Cole of Colliers International represents the two tenants, unnamed until the deals are completed.

Hunt Heir Sells Starbucks Site in Fayetteville

by Arkansas Business Staff 1/19/2015 12:00 am

T.J. Lefler of Sage Partners in Fayetteville closed on the 3,258-SF building at 2117 W. Martin Luther King Blvd. on Jan. 9. Lefler and three partners had reached an agreement with Bryan Hunt LLC in December, but ironing out the details of the purchase took a while to complete.

Storage Properties Lead List of Six Recent Seven-Digit Deals

by Arkansas Business Staff 1/19/2015 12:00 am

A pair of mini-storage projects in southwest Little Rock, a commercial site in west Little Rock, an office-warehouse project in downtown Little Rock, a North Little Rock store and a Little Rock residence all generated million-dollar transactions.

Windstream's REIT Moves Out to New Office

by Arkansas Business Staff 1/19/2015 12:00 am

The real estate investment trust spinoff of Windstream Holdings Inc. of Little Rock is moving out.