Real Estate Archive

Boyle Redevelopment Starts With $4.6M Buy (Real Deals)

by George Waldon 6/2/2014 12:00 am

An Aloft Hotel project is trailing the $4.6 million sale of a 12-story building in downtown Little Rock. A Chick-fil-A restaurant in midtown Little Rock tipped the scales at $1.87 million. And ownership of a 10,791-SF retail project in west Little Rock was consolidated in a $345,000 transaction.

Oaklawn's Eric Jackson Sees Hot Springs Tourism Staying on Track

by Arkansas Business Staff 6/2/2014 12:00 am

Eric Jackson has worked in an administrative capacity at Oaklawn since 1978. In the 1980s, he helped develop the park's interstate full-card simulcasting with merged pool wagering system. Simulcasting of this type now accounts for 80 percent of wagering placed on horse racing in North America. He became Oaklawn's general manager in 1987 and has served on Oaklawn's board of directors since 1994.

Whole Foods Making Move to Bowman, Looks for Room To Grow

by Arkansas Business Staff 6/2/2014 12:00 am

Whole Foods Market Inc. is getting a new Little Rock home next year. The high-end grocery store at 10700 N. Rodney Parham Road is expected to move into the former 39,200-SF Linens N Things store at 501 S. Bowman Road.

WLR's Carrington Apartments Gets New Landlord in $21.5 Million Deal

by Arkansas Business Staff 6/2/2014 12:00 am

IRT Carrington Apartments Owner LLC of Philadelphia acquired its namesake property at 1801 Champlin Drive.

Village Green, Citgo Part of Recent Million-Dollar Deals

by Arkansas Business Staff 6/2/2014 12:00 am

A 172-unit apartment project in southwest Little Rock leads the way in this installment of seven-digit deals.

Curtain To Rise on New Theater, Piano Bar in Downtown LR

by Arkansas Business Staff 6/2/2014 12:00 am

The Studio Theatre Inc., a new Little Rock theater group, has rented the former site of Balfour Printing at 320 W. Seventh St. downtown and plans not only to present plays but also to open a piano bar called the Lobby Bar.

Pine Bluff's Relyance Bank Makes Move Into Little Rock

by Arkansas Business Staff 6/2/2014 12:00 am

Relyance Bank of Pine Bluff recently bought a Little Rock branch building from Simmons First National Bank.

Bentonville Remains Atop Arkansas Tech Business Index

by Lee Hogan 5/30/2014 04:55 pm

Bentonville remained atop the Arkansas Tech Business Index's ranking of 16 municipalities across the state, accrording to data compiled for February. In all, 10 cities were above the state average since 2009.

4 Wheel Parts to Open Sherwood Store This Summer

by Arkansas Business Staff 5/29/2014 02:20 pm

4 Wheel Parts, the nation's largest distributor of off-road parts and accessories, has signed a seven-year lease for property at 5620 Warden Road in Sherwood, which will become its first Arkansas location.

Gus's Fried Chicken Announces 2nd Little Rock Location

by Jan Cottingham 5/29/2014 12:45 pm

Gus's World Famous Fried Chicken says that it will open a second Little Rock location later this summer, in west Little Rock at the space formerly occupied by Buffalo Grill.

Arkansas Realtors: Homes Sales up More Than 8 Percent in April

by Lee Hogan 5/28/2014 12:39 pm

Home sales were up more than 8 percent in April compared to a year ago, according to numbers released by the Arkansas Realtors Association.

Mike Beebe Announces 18 Appointments to Board, Commissions

by Arkansas Business Staff 5/27/2014 10:03 am

Gov. Mike Beebe announces appointments to state boards and commissions.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Lindsey Co. Faces Changing Market as Golf Course Demand Drops

by Marty Cook 5/26/2014 12:00 am

Golf courses are not nearly as popular as they were 10 to 20 years ago and Lindsey Management is smart enough to adapt. There are approximately 42 Lindsey golf courses, most affiliated with an apartment complex, but there are some standalone courses.

Construction Firms Report Mostly Gains

by George Waldon 5/26/2014 12:00 am

Five of the eight construction/real estate firms on this year's list of top private companies recorded year-over-year revenue gains. The Little Rock general contracting firm of VCC (No. 15 among the 75 largest private companies) registered a 15.6 percent increase as revenue climbed to $607 million.

Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon 5/26/2014 12:00 am

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

Storage Projects Draw Seven-Digit Sales (NW Real Deals)

by Marty Cook 5/26/2014 12:00 am

Virtus Real Estate Capital LLC of Austin, Texas, paid nearly $4 million for two self-storage projects in Benton County. Together, the two facilities have more than 800 storage units.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Cancellation Fee Subject of $250K Real Estate Lawsuit

by Arkansas Business Staff 5/26/2014 12:00 am

Wayland Realty of Newport says it's owed $250,000 after a landowner canceled an agreement to sell 620 acres in North Little Rock.