Crestwood Manor Gets New Owners for $9 Million


Crestwood Manor Gets New Owners for $9 Million
Crestwood Manor Apartments at 3802 Kavanaugh Blvd. in Little Rock.

Apartments in the Hillcrest area of Little Rock, motels in south Little Rock and commercial buildings and space in west Little Rock provide this week’s six-pack of million-dollar transactions.

• Crestwood Manor Property Investors LLC of Santa Cruz, California, sold the 228-unit Crestwood Manor Apartments project at 3802 Kavanaugh Blvd. for $9 million.

Buyer? An affiliate of StoneRiver Co. of Birmingham, Alabama.

• HSN Hospitality LLC, led by Davish and Nimesh Sitaram, purchased the 49-room Red Roof Inn at 8115 Frenchmans Lane for $1.8 million.

Seller: Sai Lodging Inc., led by Ishver Govind.

• 14910 Cantrell LLC, led by Steve Hockersmith, sold a 7,200-SF piece of the Cantrell Falls project at 14908 Cantrell Road for $1.4 million.

The space housing All About Tire & Brake was bought by Wylie Family Enterprises LLC, Phillip and Sara Wylie.

• Hatcher Properties Inc., led by Greg Hatcher, acquired the 10,416-SF building at 1428 Merrill Drive for more than $1.1 million.

Seller? Bottin Family Real Estate LLC, led by Jim Bottin.

• Jett & Georganne Ricks Family Corp. and Ricks Properties LLC sold 20 units at 5522-5622 B St. for $1.1 million.

The apartments were purchased by Midtowne B Street LLC, led by Jonathan Shively.

• OMAARAV Inc., led by Jagrutiben and Himanshu Patel, bought the 82-room Budget Host Inn at 2600 W. 65th St. for $1 million.

The property was sold by DSPD LLC, led by Pramodkumer Patel.