Real Estate Archive

GDP in U.S. Grows 1.8% in 2013, Arkansas Sees 2.4% Rise

by Arkansas Business Staff 6/23/2014 12:00 am

Real gross domestic product grew 1.8 percent in the United States last year, a slowdown when compared with 2012, when GDP rose 2.5 percent.

Bank-Owned Property Draws $3.9M Buyer (Real Deals)

by George Waldon 6/23/2014 12:00 am

A 49,100-SF office building in west Little Rock weighed in at $3.9 million. A four-building, 22,912-SF office project in west Little Rock changed hands in a nearly $1.66 million transaction.

Barber Attorney Vaughn Knight's Case Remains in Limbo as Conner Eldridge Considers Next Move

by Mark Friedman 6/23/2014 12:00 am

Conner Eldridge, U.S. attorney for the Western District of Arkansas, said last week that he's still deciding what to do with the case of K. Vaughn Knight, the attorney for former northwest Arkansas real estate developer Brandon Barber.

Guild Mortgage of California Opens First Arkansas Office in Harrison

by Brandon Riddle 6/23/2014 12:00 am

Guild Mortgage Co., based in San Diego, has expanded into Arkansas, making Harrison its first location in the state as the company continues a U.S. expansion project in the South and Southeast.

FirstLight HomeCare Comes to Little Rock

by Brandon Riddle 6/23/2014 12:00 am

FirstLight HomeCare Little Rock owner Doug Ballinger, 54, said his passion for quality nonmedical in-home care, primarily for seniors, led him to becoming a franchise owner in central Arkansas.

Kevin Huchingson of Colliers on What Makes Commercial Real Estate in Arkansas Attractive

by Arkansas Business Staff 6/23/2014 12:00 am

Kevin Huchingson is president and CEO of Colliers International Arkansas, a commercial and residential real estate services firm. He's been a principal there since 1997 and has led Arkansas' Colliers offices since 2002.

Details Unearthed on Benton's Hurricane Creek Village Project

by Arkansas Business Staff 6/23/2014 12:00 am

The Retail Connection of Dallas invested about $7.3 million to assemble land for the project, which you may have heard will be anchored by a 123,000-SF Kroger Marketplace and a 62,182-SF Academy Sports.

Barber Banker James Van Doren Reconsiders Guilty Plea

by Arkansas Business Staff 6/23/2014 12:00 am

James Van Doren, the New York investment banker and ex-friend of former high-flying northwest Arkansas developer Brandon Barber, has asked to withdraw his guilty plea to one count of money laundering for Barber. U.S. District Judge P.K. Holmes III recently denied that motion.

Recent Million-Dollar Deals Include Apartments, Walgreens

by Arkansas Business Staff 6/23/2014 12:00 am

Two apartment complexes and a Walgreens project generated a series of recent seven-digit deals.

Arkansas Business Presents the 40 Under Forty Class of 2014

by Gwen Moritz 6/23/2014 12:00 am

This week, Arkansas Business presents its 21st class of 40 Under 40 honorees. This year's honorees represent our state's geography — Pine Bluff, England, Jonesboro, Conway, Fort Smith, Rogers — and the diversity of our business community — farming, finance, medicine, academia, nonprofits.

CapRocq Core Adds 2 Properties, Fund Passes $130M

by Arkansas Business Staff 6/18/2014 11:38 am

Little Rock's CapRocq Core Real Estate Fund Ltd., a real estate partnership that buys real estate assets in the South and Midwest, has completed two closings that bring the fund's acquisition total to more than $130 million.

Pay Tops $1 Million For Seven on Highest-paid Nonprofit Employees List

by Gwen Moritz 6/16/2014 12:00 am

Seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.

Donald W. Reynolds Foundation Winding Down, Will Close in 2017

by Mark Friedman 6/16/2014 12:00 am

After committing more than $1.8 billion to nonprofits since 1994, including hundreds of millions of dollars to organizations in Arkansas, the Donald W. Reynolds Foundation of Las Vegas is set to shut down at the end of 2017.

Chateau West Moves In $2.8 Million Sale (Real Deals)

by George Waldon 6/16/2014 12:00 am

The sale of a 141-unit apartment complex in south Little Rock weighed in at $2.86 million. A carwash in downtown Little Rock is under new ownership after a $491,000 sale. And a 1,744-SF office building in west Little Rock changed hands in a $300,000 deal.

Clarity Pointe Opens Little Rock Facility

by Brandon Riddle 6/16/2014 12:00 am

Clarity Pointe, a community for Alzheimer's and dementia patients, recently opened a facility in west Little Rock, its second location in Arkansas. Clarity Pointe in Fayetteville opened earlier this year.

Allison Architects, Ruby Architects Firms Join To Form New Company

by Brandon Riddle 6/16/2014 12:00 am

After collaborating on projects for several years, Allison Architects and Ruby Architects have become one entity. The merged firm, Allison Architects Inc., will establish client bases in Little Rock and Fayetteville.

Clarion Hotel Medical Center Under New Ownership

by Arkansas Business Staff 6/16/2014 12:00 am

Did you know midtown Little Rock's Clarion Hotel Medical Center is under new ownership after a $5 million foreclosure sale? Windsor Capital Ltd. of San Antonio bought the 262-room project at 925 S. University Ave.

Emma Avenue Properties in Springdale Switch Hands

by Arkansas Business Staff 6/16/2014 12:00 am

Recent sales activity indicates that interest in revitalizing downtown Springdale is growing.

CapRocq Building Portfolio with Office Properties

by Arkansas Business Staff 6/16/2014 12:00 am

Little Rock's CapRocq Core Real Estate Fund Ltd. expanded its holdings with two out-of-state investments totaling about $18.5 million.

Demolition Looms for Aerospace Education Center

by Chuck Bartels, The Associated Press 6/15/2014 09:55 am

The commission that oversees Little Rock's airport is to vote Tuesday whether to approve the demolition of the Aerospace Education Center, which has been closed since the start of 2011.