Real Estate Archive

FBI's Arkansas Headquarters Attracts $19.5M Sale

by George Waldon 6/9/2014 12:00 am

The Arkansas headquarters of the Federal Bureau of Investigation in west Little Rock tipped the scales at $19.5 million. A 260-unit apartment project in Little Rock's Riverdale area is in the works after a $2.57 million land deal. And a 9,460-SF office building in west Little Rock that was the subject of foreclosure proceedings has been sold for $750,000.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank's six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Location, Location, Location (Editorial)

by Arkansas Business Editors 6/9/2014 12:00 am

For the Teamsters and for North Little Rock, there is no bright side To ABF Frieght considering a move to Memphis. For the state of Arkansas, the only hope is to persuade ABF that the west side of the intersection between I-40 and the Mississippi River would be as good as the east side.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project's debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

June Groundbreaking Planned for Creekside Retail in Rogers

by Arkansas Business Staff 6/9/2014 12:00 am

Developer Jason Pullman of Bentonville said the project at 2012 S. Promenade Blvd. received clearance in early May from city officials after engineering work was done by Tom Oppenheim of CEI Engineering Inc.

Wal-Mart's Doug McMillon: Online Sales, Stores Make Customer Experience Better

by Anne D'Innocenzio, The Associated Press 6/6/2014 11:44 am

Wal-Mart's newly anointed CEO Doug McMillon said the world's largest retailer's task is to bring the changing world of e-commerce together with physical stores to help make customers' shopping experience better as technology evolves.

$18M Midtown Medical Park Opens in Little Rock

by Lance Turner 6/5/2014 03:03 pm

Midtown Medical Park, a new 66,000-SF medical office building at 6119 Midtown Ave. in Little Rock, opened Thursday, about a year after developers began construction.

Plans Submitted for Hotel, Murphy USA at Former Brandon House Furniture Site

by Lee Hogan 6/5/2014 11:51 am

The former home of Brandon House Furniture at the northwest corner of University Avenue and 12th Street in Little Rock could soon be the new home of a five-story, 110-room hotel and Murphy USA convenience store.

Tribal Land in Arkansas Draws Scrutiny

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

Two Indian tribes have made successful forays into Arkansas to reclaim historic ties through land ownership. One was made with the aid of a gift and the other through acquisition thanks to profits from casino operations in Oklahoma.

Gambling Near Fort Smith Continues to Expand

by Marty Cook 6/2/2014 12:00 am

Western Arkansas remains an attractive target market for American Indian tribes seeking to expand their gambling business. That's borne out by a couple of planned and new projects.

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.