Real Estate Archive

Housing Market Numbers Down in August

by Lee Hogan 10/2/2014 11:36 am

The housing market was down across the three major categories — homes sold, home valuations and average price — in August compared to a year ago, according to the Arkansas Realtors Association.

Federal Jury Rules in Favor of Lindsey Management in Overtime Lawsuit

by Arkansas Business Staff 10/1/2014 12:06 pm

A federal jury cleared Lindsey Management Co. of Fayetteville, the largest apartment complex manager in Arkansas, of any wrongdoing in a federal lawsuit from former employees claiming violations of the Fair Labor Standards Act of 1938.

Mike Beebe Makes 28 Appointments to Arkansas Boards, Commissions

by Arkansas Business Staff 10/1/2014 10:49 am

Gov. Mike Beebe announced a judicial appointment along with others to state boards and commissions.

Boscos Closes River Market District Restaurant

by Lee Hogan 9/29/2014 10:18 am

Boscos Restaurant & Brewing Co. of Memphis has announced that its River Market District location in Little Rock is now closed.

A Real Recovery (Editorial)

by Arkansas Business Editors 9/29/2014 12:00 am

This issue of Arkansas Business, focusing as it does on commercial real estate in Arkansas, presents a hopeful picture that we'd like to think is pretty accurate. Added to that is positive national economic news. Despite some stubborn structural economic problems, in real estate, this feels like a real recovery, not a bubble.

Cole McCaskill on What's Central To Bringing More Tourists to Hot Springs

by Arkansas Business Staff 9/29/2014 12:00 am

Cole McCaskill is a Hot Springs native who recently stepped into the newly created position of downtown development director. His job is to manage the Hot Springs Metro Partnership's Strategic Plan for Downtown Development, which grew out of the February fire that destroyed the historic Majestic Hotel.

Sager Sells Allens Properties to Jim Bob Duggar

by Arkansas Business Staff 9/29/2014 12:00 am

Duggar paid $35,000 for about 20.4 acres from Sager Creek Vegetable Co. and $57,000 for a group of properties totaling more than 16 acres that includes rural land and several housing lots in Gentry and the Beauchamp Addition in Siloam Springs.

Brooklyn Investors Buy Local Apartment Complexes

by Arkansas Business Staff 9/29/2014 12:00 am

An investment group from Brooklyn, New York, acquired two Pulaski County apartment projects in deals totaling almost $8.5 million.

Fayetteville Site Draws Starbucks (NWA Real Deals)

by Marty Cook 9/29/2014 12:00 am

The word that Starbucks is coming to Wedington Drive in west Fayetteville is now official, and the coffee shop is bringing some dental care, too.

Bank Branch Trio Generates $3.45M Sale (Real Deals)

by George Waldon 9/29/2014 12:00 am

Three former Metropolitan National Bank branches combined for a $3.45 million transaction. A 3-acre parking lot in west Little Rock is under new ownership after a $1.7 million deal. And a 50-room motel in Jacksonville changed hands in a $1.2 million deal.

Commercial Property Filling Up in Northwest Arkansas

by Marty Cook 9/29/2014 12:00 am

Experts think the commercial real estate market in northwest Arkansas is returning to normal; those who make their living in the industry agree. And they like the new normal.

Developments Old, New Suit Fort Smith

by Gwen Moritz 9/29/2014 12:00 am

Fort Smith is not only the site of the future U.S. Marshals Museum, but also nearly 1,000 new jobs (by 2021) and a new $30 million headquarters for ArcBest Corp. on the east side of town at Chaffee Crossing.

Otter Creek Mall Development Decades in the Making

by George Waldon 9/29/2014 12:00 am

Once upon a time, the current site of the Gateway Town Center and Bass Pro developments was slated to be part of a grand 1.1 million-SF regional mall development. The fabled Otter Creek Mall never achieved escape velocity from its drawing board concept unveiled on April Fool's Day in 1980.

Home Prices, Building Permits Down in Q2 for Most Arkansas MSAs

by Lee Hogan 9/24/2014 11:35 am

The residential market was down in Arkansas and across the country in the second quarter, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Book.

'Jobs Now' Summit Examines Growing Skills Gap

by Mark Carter 9/24/2014 07:30 am

Ways to address a growing manufacturing skills gap was the focus of Tuesday's "Jobs Now: Arkansas Works When We Do" summit hosted by the Arkansas State Chamber of Commerce.

Burgundy Book: Little Rock Zone's Unemployment Rate Lowest Since Great Recession

by Lee Hogan 9/23/2014 02:11 pm

The Little Rock Zone's unemployment rate is at its lowest level since the Great Recession, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Books.

Arkansas Business Presents 2014's 'The New Influentials: 20 In Their 20s'

by Gwen Moritz 9/22/2014 12:00 am

Since 2009 Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce in a feature called The New Influentials: 20 in Their 20s.

Hot Springs' Citizens Building Eyed for New Development

by Arkansas Business Staff 9/22/2014 12:00 am

Fayetteville attorney Robert Depper and LSC Hotel Restaurant Management Co. of El Dorado have formed Let Us Revive Hot Springs Downtown LLC, with hopes of renovating one of the city's historic downtown buildings into a boutique hotel.

Superior Chevrolet Switches Hands in Conway

by Arkansas Business Staff 9/22/2014 12:00 am

A Tulsa investor paid nearly $3 million for the former home of Superior Chevrolet in Conway.

Long Prairie of Illinois Continues Land Buys in Lonoke County

by Arkansas Business Staff 9/22/2014 12:00 am

More than 1,000 acres of farmland in Lonoke County was resold in a $3.9 million flip.