Retail Archive

Whisenhunt's $19M Cash Bet In Northwest Arkansas Pays Off

by Marty Cook 3/28/2016 12:00 am

In March 2012, Joe Whisenhunt placed a $19 million bet on northwest Arkansas and, four years later, it's looking like a winner.

Pulaski County Commercial Real Estate Deals Top $641M

by George Waldon 3/28/2016 12:00 am

The dollar total of $1 million-plus commercial real estate transactions in Pulaski County grew by 7 percent during 2015. Eight of the 25 largest commercial real estate deals in Washington County centered on apartments during 2015, and two more transactions involved land bought for multifamily development.

WLR Dealership Combo Generates $10.3M Sale (Real Deals)

by George Waldon 3/28/2016 12:00 am

MAG-AR I Colonel Glenn LLC, led by Mark McLarty, purchased the 17,690-SF North Point Nissan facility at 1 Col. Glenn Plaza Drive. MAG-AR 6030 Landers Road LLC, another McLarty Auto Group affiliate, bought the 18,130-SF North Point Mazda facility at 6030 Landers Road in North Little Rock for $2.8 million.

Fayetteville's Garden Park Apartments Fetch $17.6 Million (NWA Real Deals)

by Marty Cook 3/28/2016 12:00 am

Fayetteville's Garden Park Apartments sold to California investors for $17.6 million.

Arkansas February Unemployment Rate Falls to 4.2 Percent

by Lance Turner 3/25/2016 09:19 am

Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce Services.

Northwest Arkansas Remains Strong on ATBI

by Alexis Hosticka 3/23/2016 09:19 am

Bentonville led the fourth-quarter 2015 rankings and Rogers surged to the top of the December rankings on the Arkansas Tech Business Index.

Firm Completes $4.3M Land Deal for Shoppes of Benton, Names Tenants

by Arkansas Business Staff 3/23/2016 08:58 am

GBT Realty Corporation of Brentwood, Tennessee, announced Tuesday the tenant lineup including TJ Maxx and Hobby Lobby at its Benton retail development after acquiring the 28.8-acre site for $4.3 million.

Downtown Little Rock's Regions Center Building For Sale

by Arkansas Business Staff 3/21/2016 12:00 am

The 30-story Regions Center in downtown Little Rock and its adjoining six-story parking deck are carrying a list price of $40 million.

Sears Staying at Northwest Arkansas Mall

by Arkansas Business Staff 3/21/2016 12:00 am

Fayetteville's Sears is safe, despite rumors that the retailer is closing underperforming stores.

Riverhouse Apartments Sell for $39.6 Million (Real Deals)

by George Waldon 3/21/2016 12:00 am

Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, both of Nashville, Tennessee, bought the 260-unit apartment project in Little Rock's Riverdale area at 1200 Brookwood Drive.

Roger Collins on Allowing Employees To Pull the Strings at Harps

by Arkansas Business Staff 3/21/2016 12:00 am

Roger Collins became president and CEO of Harps Food Stores in 2000 and has expanded the store count to 78 in Arkansas, Oklahoma and Missouri. He was also instrumental in selling the company to the employee stock ownership plan 15 years ago.

Arkansas Business Presents The Power List 2016

by Gwen Moritz 3/21/2016 12:00 am

The total number on our list this time is 179, but our goal has never been a particular number. Our goal is to give readers a resource to help navigate the leadership of the largest companies or institutions in the individual industries. And some industries have broader bases than others.

Murphy USA CEO Andrew Clyde Sees Pay Boost in 2015

by Kyle Massey 3/17/2016 11:00 am

Stock awards lifted the pay of Murphy USA Inc. CEO Andrew Clyde in 2015, raising his total compensation to $5.6 million, about a half-million dollars more than he earned in 2014.

Bruce Lindsey Home Sells for $1.3 Million

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

A house, a mixed bag of commercial property, retail space and a future hotel site provide a quartet of recent million-dollar transactions in Little Rock.

Berryville Shopping Center Sells for $1.9 Million

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

Raymond Merrill, through his Levi Storage Center LLC of Sallisaw, bought the property at 928 W. Trimble Ave. Merrill, who owns Merrill Bonding Co., has spent more than $10 million on northwest Arkansas properties in the past year.

Challenges for Dillard's, and Others at the Mall

by Mark Friedman 3/14/2016 12:00 am

Dillard's Inc. has had some tough times lately. The Little Rock retail chain's stock price, which peaked above $140 last April, was trading in the high $80s last week — having rebounded from $61 in early January.

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.

Art Amaro In the Ring at Lauray's (Movers & Shakers)

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

Art Amaro has joined Lauray's the Diamond Center in Hot Springs as sales manager.

Wal-Mart Pay Raises Go Into Effect This Month

by Alexis Hosticka 3/7/2016 03:55 pm

Wal-Mart Stores Inc. of Bentonville says that, as part of its $2.7 billion investment in its U.S. stores, more than 1.2 million of its Walmart and Sam's Club employees will get a raise on their March 10 paychecks.

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.