Real Estate Archive

Citizens Bank Nabs Hot Springs Southern Bancorp Staffers

by Arkansas Business Staff 12/8/2014 12:00 am

There's been another mass migration from one bank to another, and this one is messier than usual. The Citizens Bank of Batesville has hired 10 lenders and support staff away from Southern Bancorp Bank in Hot Springs.

Little Rock Land Eyed for FedEx Center Sold for $3.4M

by Arkansas Business Staff 12/8/2014 12:00 am

Development of a 311,684-SF FedEx Corp. distribution center is officially in motion in southwest Little Rock near the northwest corner of Alexander and Loop roads.

Big River Pushes Construction Total to $2.2B

by George Waldon 12/8/2014 12:00 am

The valuation of large commercial projects underway in Arkansas approached $2.2 billion, nearly double the tally from a year ago. The big leap was thanks in no small measure to the $700 million construction contract for the Big River Steel Mill manufacturing facility near Osceola.

Gateway's Grove Project Adds to 2015 Commercial Construction

by George Waldon 12/8/2014 12:00 am

A 33-acre piece of Little Rock's Gateway Town Center development is poised to add some new commercial construction in 2015.

Opinions Divided On Dillard's REIT

by Mark Friedman 12/8/2014 12:00 am

Marcato Capital Management LP of San Francisco, which owns 4.9 percent of Dillard's Inc. stock, said in a news release last month that it wants the company to create a stand-alone real estate investment trust for its assets.

NLR Chamber, ABPG Join In Women's Hall of Fame

by Arkansas Business Staff 12/5/2014 11:36 am

The North Little Rock Chamber of Commerce is partnering with Arkansas Business Publishing Group of Little Rock to launch a new program to honor the significant contributions of Arkansas women in business, politics, philanthropy and other fields.

Report: Arkansas Home Sales Up 13 Percent in October

by Arkansas Business Staff 12/5/2014 10:11 am

The number of homes sold in October increased, and so did the average price of those homes.

Arkansas State, Haag Brown Partner for 26-Acre Commercial Development Project

by Lee Hogan 12/2/2014 12:30 pm

A partnership between Arkansas State University and Haag Brown Commercial of Jonesboro is eying a 26-acre tract in northeast Jonesboro for commercial development.

Arkansans More Pessimistic About Finances, Feel Better About Major Household Purchases

by Lee Hogan 12/2/2014 10:40 am

Arkansans feel more pessimistic about their current and expected financial situation, but feel more optimistic about buying major household items, according to the latest consumer sentiment survey from Arvest Bank.

WLR Retail Property, Airport Hotel Each Sell for Over $4 Million

by Arkansas Business Staff 12/1/2014 12:00 am

An 8,245-SF retail project in west Little Rock and a 138-room hotel in east Little Rock near the Clinton National Airport each topped the $4 million mark.

IRS Change Too Late for Structuring Defendants

by Mark Friedman 12/1/2014 12:00 am

Patrice Duncan said she and her husband never thought much about bank deposits for their family-owned business in Conway until Jan. 24, 2012. That's the day the Internal Revenue Service seized $94,500 from the company's account.

The Glass Is Half Full (Mitch Bettis Publisher's Note)

by Mitch Bettis 12/1/2014 12:00 am

Arkansans and Americans in general seem to be feeling blue these days. Maybe a deluge of negative political advertising bludgeoned us into sadness. Perhaps I'm a “glass half-full” guy because I keep noticing that, nationally and within Arkansas, there are positive economic indicators.

Beats Change at Democrat-Gazette

by Sean Beherec 12/1/2014 12:00 am

Rachel Chaney, the newspaper's business editor, said Cyd King, who has covered Wal-Mart and the Crystal Bridges Museum of American Art out of the northwest Arkansas office, will move to Little Rock to cover the city's downtown development. Chaney said King had been wanting to move to Little Rock and was excited to start the new beat this week.

Utah Firm Pays $1.9M For NLR Apartments (Real Deals)

by George Waldon 12/1/2014 12:00 am

A 120-unit apartment project in North Little Rock changed hands in a $1.9 million transaction. PC Wilmington LLC of Provo, Utah, acquired the Wilmington Apartments complex at 617 Donovan Briley Blvd. from Wilmington Apartments Ltd. of Gardena, California.

No Daily Report, Morning Report or E-newsletters on Thursday, Friday

by Arkansas Business Staff 11/26/2014 11:03 am

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday.

Conway Sees Two Recent Million-Dollar Deals

by Arkansas Business Staff 11/24/2014 12:00 am

Conway hosted a pair of recent million-dollar real estate transactions. At $2.7 million, the larger of the two is the 71-room Microtel Inn & Suits. About 2 miles south as the crow flies, FNT Professional Leasing LLC of Little Rock purchased a 9,574-SF commercial building for $1.25 million.

Centennial's J.P. Sexton Named Arkansas Mortgage Banker of the Year (Movers & Shakers)

by Arkansas Business Staff 11/24/2014 12:00 am

J.P. Sexton, vice president and mortgage market sales manager at Centennial Bank of Conway, was named 2014 Arkansas Mortgage Banker of the Year by the Mortgage Bankers Association of Arkansas. Sexton has over 25 years of mortgage experience in origination, underwriting, sales and operation management.

Central Bank Eyes Simmons Midtown Branch; Benefit Bank Plans Full Service in Springdale

by George Waldon 11/24/2014 12:00 am

A 2,647-SF Little Rock branch marked for sale by Simmons First National Bank of Pine Bluff is in the process of changing hands.

Watson Furniture Gets New Lease on Life (NWA Real Deals)

by Marty Cook 11/24/2014 12:00 am

Philip Taldo has had a busy, happy month. Top on his list is his purchase of Watson Furniture Store on Main Street in downtown Springdale. Taldo, a Springdale real estate agent, paid $250,000 for the two-story, 10,720-SF building that he remembers fondly as the place his father started working at in 1951.

Red Lobsters Serve Up $8.4M Transaction (Real Deals)

by George Waldon 11/24/2014 12:00 am

ARCP RL Portfolio V LLC purchased the Red Lobster at 3707 McCain Blvd. in North Little Rock for $4.98 million. ARCP RL Portfolio VI LLC bought the Red Lobster at 8407 W. Markham St. in Little Rock for $3.44 million