Real Estate Archive

Villa Marre Owner Files for Bankruptcy

by Arkansas Business Staff 3/14/2016 12:00 am

RWL Investments LLC of Little Rock filed for the bankruptcy protection nine days after Centennial Bank of Conway filed a foreclosure lawsuit against it for defaulting on eight loans totaling $2.6 million.

Downtown Little Rock Attracts More Hoteliers

by George Waldon 3/14/2016 12:00 am

Downtown Little Rock has drawn the attention of three hotel developers who have invested more than $7.3 million to secure locations.

New Owners Leave Lindsey's Resort in Familiar Hands

by Alexis Hosticka 3/14/2016 12:00 am

Lindsey's Resort has a fresh start after foreclosure last March completely shut down the quaint attraction on the Little Red River at Heber Springs, just as the resort was marking its 50th anniversary.

Arkansas Surgical Hospital Registers $56.6 Million Sale (Real Deals)

by George Waldon 3/14/2016 12:00 am

Broadstone Ash Arkansas LLC, an affiliate of Broadstone Real Estate of Rochester, New York, bought the Arkansas Surgical Hospital at 5201 Northshore Drive.

IberiaBank Expected To Cut Nine Arkansas Branches by March 31

by George Waldon 3/14/2016 12:00 am

The restructuring of IberiaBank's multistate branch network, in motion since 2012, is visiting Arkansas this quarter. Nine branches will be closed by the end of March.

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

by George Waldon 3/14/2016 12:00 am

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183).

Tammy Tompkins New Mortgage Manager at First Arkansas Bank & Trust (Movers & Shakers)

by Arkansas Business Staff 3/14/2016 12:00 am

Tammy Tompkins has been hired as manager of the mortgage department of First Arkansas Bank & Trust of Jacksonville. A graduate of the University of Arkansas at Little Rock, Tompkins worked in commercial property management in New Orleans and Dallas. After moving back to Arkansas in 2003, she has worked in real estate sales, construction and development.

Colliers Principals Elevated to Everest Club (Movers & Shakers)

by Arkansas Business Staff 3/14/2016 12:00 am

Kevin Huchingson, Mark Bentley, Isaac Smith and Steve Lane, all principals with Colliers International Arkansas, have been recognized as members of the company's Everest Club for being among the top 10 percent of Colliers' brokers across North America last year.

Kathy Deck: Northwest Arkansas Needs More Apartments

by Arkansas Business Staff 3/9/2016 11:00 am

Vacancy rates in the second half of 2015 rose in northwest Arkansas from previous record lows as new units were completed and entered the market, according to the Skyline Reports on commercial and multifamily real estate.

Broker Becomes Member of State Chamber Board at 24

by Arkansas Business Staff 3/8/2016 03:34 pm

Flake & Kelley Commercial announced Tuesday that Thomas Schmidt was elected to the Arkansas State Chamber of Commerce board of directors.

Home Sales Increase 19 Percent in December

by Alexis Hosticka 3/8/2016 09:09 am

Arkansas Realtors experienced a 19.6 percent increase in the number of homes sold statewide in December, according to a report by the Arkansas Realtors Association.

CVS Buys Property at University, 12 Street in Little Rock

by Arkansas Business Staff 3/7/2016 09:58 am

CVS Pharmacy has purchased 1.73 acres of property at University Avenue and 12th Street in Little Rock, the office of commercial real estate firm Sage Partners announced Friday.

Drones: Farmers' Eyes Take To Arkansas Skies

by Jan Cottingham 3/7/2016 12:00 am

Drones have the potential to revolutionize agriculture in Arkansas, but the nature of that revolution remains unclear, farmers and those who work with them say.

Two MedExpress Properties Sell for Combined $4.4 Million

by Arkansas Business Staff 3/7/2016 12:00 am

A pair of MedExpress projects, a medical office building in Sherwood, a Little Rock home and a restaurant site in west Little Rock form this week's five-piece of million-dollar transactions.

Hatfield Reveals More Plans for Fields at Pinnacle Project

by Arkansas Business Staff 3/7/2016 12:00 am

Hatfield Properties has big plans for The Fields at Pinnacle, a developmental plot of 28 acres on South Champions Drive in Rogers.

CARTI Center Offering Care Under 1 Roof

by Mark Friedman 3/7/2016 12:00 am

CARTI's $88 million cancer center in west Little Rock offers medical, surgical, interventional and radiation oncology, diagnostic radiology and hematology services.

Little Rock's Clinton National Airport Looks Beyond Passengers for Revenue

by George Waldon 3/7/2016 12:00 am

The Bill & Hillary Clinton National Airport is holding its own in the face of declining passenger counts. While that downward trend continued to cut into revenue from landing fees and parking, the state's largest airport more than made up for it in other areas.

Nelson Design of Jonesboro Turns to Bankruptcy for Help

by Mark Friedman 3/7/2016 12:00 am

In 2006, Michael Nelson decided at the worst possible time to borrow $2 million to expand his house design business. Within months, the housing market came to halt as the country entered the Great Recession.

Spartan Logistics Puts Its Money on Fort Smith

by Marty Cook 3/7/2016 12:00 am

In the past 18 months, Spartan Logistics of Columbus, Ohio, says it has invested approximately $20 million to buy and renovate more than 1 million SF of Fort Smith warehouse space.

United Federal Credit Union Promotes Tia Shibley (Movers & Shakers)

by Arkansas Business Staff 3/7/2016 12:00 am

Tia Shibley has been promoted to manager of the United Federal Credit Union branch inside the Walmart Supercenter on Elm Springs Road in Springdale.