Real Estate Archive

Panda Express Expanding in Northwest Arkansas

by Arkansas Business Staff 4/6/2015 12:00 am

CFT NV Developments of Rosemead, California, bought property in Springdale and Siloam Springs and plan to open Panda Express restaurants at each location.

HR Director Michele Burns on the Soft Skills Employers Want

by Arkansas Business Staff 4/6/2015 12:00 am

Michele Burns is the state director for the Arkansas Society for Human Resource Management and is the director of classification and compensation with the University of Arkansas at Fayetteville.

Arvest Firing Challenged in Bankruptcy Court

by Mark Friedman 4/6/2015 12:00 am

An Arkadelphia man says following bankruptcy law was a violation of Arvest's policy on employee debt and cost him his job.

Stonebridge Apartments Draw $31M Transaction (Real Deals)

by George Waldon 4/6/2015 12:00 am

A 260-unit apartment complex in west Little Rock tipped the scales at $31.58 million. The sale of a west Little Rock Walgreens weighed in at $6.2 million. And an 87,100-SF warehouse in the Little Rock Port area is under new ownership after a $2.55 million transaction.

Galley Support Innovations Announces Sherwood Expansion

by Mark Carter 4/2/2015 03:24 pm

Galley Support Innovations Inc. of Sherwood announced Thursday that it completed a 3,800-SF expansion and plans to add another 21,000-SF on property adjacent to its Manson Road headquarters.

Skyline Report: Residential Permits Down But Value Up in 2014's Second Half

by Lance Turner 4/2/2015 11:25 am

The number of residential building permits issued in northwest Arkansas fell in the second half of 2014 compared with the same time in 2013, but the value of those permits increased, a report says.

Home BancShares Buys $289M in Loans, Plans Office in New York

by Arkansas Business Staff 4/1/2015 04:21 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, said Wednesday that it has purchased $289 million in national commercial real estate loans from JC Flowers & Co. LLC.

Sam's Club Buys Land for Store in Springdale

by Marty Cook 3/30/2015 12:00 am

The new 136,000-SF store will be on 56th Street north of Arvest Ballpark after a dual purchase earlier this month. Sam's Real Estate Business Trust of Bentonville paid $12.4 million for approximately 71 acres near the intersection of 56th Street and Highway 412.

Wingate by Wyndham Hosts $2.9 Million Sale (Real Deals)

by George Waldon 3/30/2015 12:00 am

The sale of a 62-room hotel in North Little Rock weighed in at $2.92 million. A 20,332-SF building in downtown Little Rock changed hands in a $975,000 transaction. And a 1,728-SF convenience store in west Pulaski County is under new ownership after a $519,875 sale.

Nettleton Bridge Project Making Progress in Jonesboro

by Mark Friedman 3/30/2015 12:00 am

A railroad overpass project at Highland Drive and Nettleton Avenue in Jonesboro continues to make progress, but it still is years away from being completed.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state's economic forecaster, show.

Jonesboro Developer Bruce Burrow's Pyrrhic Victory

by George Waldon 3/30/2015 12:00 am

Officially launched 11 years ago, The Mall at Turtle Creek represents a landmark development long envisioned for the property by Bruce Burrow. The hybrid retail project — part mall and part lifestyle center — became a high-water mark in his storied career.

Arkansas Jobless Rate Down to 5.5 Percent

by Arkansas Business Staff 3/27/2015 09:47 am

The state's unemployment rate fell to 5.5 percent in February, down a tenth of a percentage point from January, according to data released Friday by the state Department of Workforce Services.

Asa Hutchinson Names Mike Preston as New AEDC Director

by Arkansas Business Staff 3/26/2015 10:58 am

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission.

Windstream Board Gives Final Approval for REIT

by Sean Beherec 3/26/2015 10:09 am

The company said that the board's decision to spin off certain network assets into the new company, Communications Sales & Leasing Inc., will also result in a prorated cash dividend upon its closing.

Little Rock Burgundy Book Shows Optimism

by Arkansas Business Staff 3/24/2015 02:51 pm

The Federal Reserve Bank of St. Louis' latest Burgundy Book showed "improving optimism" in the Fed district's Little Rock Zone, which includes all but the northeast part of the state.

Arkansas State University to Hold Women's Business Leadership Conference April 2

by Arkansas Business Staff 3/23/2015 02:41 pm

Arkansas State University in Jonesboro is holding a Women's Business Leadership Conference on April 2 in Centennial Hall at the Carl R. Reng Student Union and at the Delta Center for Economic Development.

Pediatrics Plus Purchase Leads Off Recent Million-Dollar Deals

by Arkansas Business Staff 3/23/2015 12:00 am

Two west Little Rock properties, a children's health care and learning center and an office-retail/bowling alley project, top this week's six-pack of seven-digit deals.

Magellan Submits More Eminent Domain Petitions for Pipeline

by Arkansas Business Staff 3/23/2015 12:00 am

The company, a subsidiary of Magellan Midstream Partners LP of Tulsa, has filed at least five petitions in Sebastian County and two more petitions in Pulaski County in the last three weeks, according to court records.

Value of $1 Million-Plus Deals Jumps 70 Percent

by George Waldon 3/23/2015 12:00 am

The number of $1 million-plus commercial real estate deals in Pulaski County didn't increase significantly during 2014. But the same can't be said for the dollar total of the transactions, which ballooned by a whopping 70 percent compared with 2013.