Four west Little Rock apartments combined for a series of transactions totaling $49.6 million.
Affiliates of Monarch Investments of Franktown, Colorado, led investment groups that bought the 337-unit Fairfield Apartments at 1912 Green Mountain Drive for $19 million; the 252-unit Berkley Apartments at 1601 N. Shackleford Road, $12.7 million; the 239-unit Pleasant Pointe Apartments at 1602 Green Mountain Drive, $9 million; and the 211-unit Valley Crossing Apartments at 1502 Green Mountain Drive, $9 million.
The seller is an investment group led by RRE Reserves Holdings LLC, an affiliate of Resource Real Estate of Philadelphia.
The deals were funded with loans of $15.2 million and $10.2 million and two for $7.2 million from Berkadia Commercial Mortgage LLC of Ambler, Pennsylvania.
The projects previously were tied to a September 2005 mortgage of $36 million held by Wachovia Bank of Charlotte, North Carolina.
The properties were acquired in three deals totaling $47 million more than 10 years ago from limited liability companies based in Norfolk, Virginia, and led by Jordan Stone.
The sellers were GDLR LLC, $20 million for Pleasant Pointe (formerly Greenwood Forest) and Valley Crossing (formerly Williamsburg); FRLR LLC, $16.8 million for Fairfield (formerly Foxrun); and WRLR LLC, $10.2 million for The Berkley (formerly Walnut Ridge).
Redevelopment of a 65,450-SF industrial project in east Little Rock is in motion after a $1.39 million transaction.
6th & Shall LLC, led by an affiliate of Cromwell Architects Engineers Inc. and Moses Tucker Real Estate, purchased the three-building complex that includes the 15,622-SF home of Rock Town Distillery at 1216 E. Sixth St. and a 3,150-SF warehouse at 1400 E. Sixth St.
The 46,678-SF office-warehouse at 1300 E. Sixth St., which once housed Sterling Paint, will be expanded and become the new home of the Cromwell firm along with commercial and residential space.
The seller is Lasa Inc., led by James Adamson. The deal is backed with a three-year loan of $1.18 million from IberiaBank of Lafayette, Louisiana.
The combined 3.04-acre property was assembled in five transactions totaling more than $25,000.
The seller in four of the deals was the Missouri Pacific Railroad Co. of St. Louis: $7,443 in May 1945, $6,616 in October 1945, $1,114 in February 1950 and $10,000 in May 1971.
The 1216 E. Sixth St. property was bought for an undisclosed sum in May 1968 from the National Dairy Products Corp. of Chicago.
A 60-room motel in Jacksonville tipped the scales at $1.35 million.
Shree Laxmi Krupa Inc., led by Chandrika Patel, acquired the Comfort Inn at 1500 John Harden Drive. The seller is OM Associates Inc., led by Jitendra Patel.
The deal is financed with a two-year loan of $1.25 million from Merchants & Planters Bank of Newport.
The 1.64-acre development previously was linked with a September 2004 mortgage of $1.6 million held by First Arkansas Bank & Trust of Jacksonville.
The project was purchased for $1.95 million more than 11 years ago from Shinn-Wilson LLC, led by James and Cynthia Wilson and Alberta Shinn.
A 19,805-SF commercial building in west Little Rock weighed in at $1.16 million.
Hatcher Properties Inc., led by Greg Hatcher, bought the 1428 Merrill Drive project.
The seller is Bottin Family Real Estate LLC, led by Jim Bottin.
The deal is funded with a 10-year loan of $932,000 from Simmons First National Bank of Pine Bluff.
The 1.55-acre development was acquired for $700,000 in December 1993 from Moise Seligman Jr. and his wife, Billie, and Kerry and Linda Ozment.
A 24.5-acre tract adjoining Clinton National Airport is under new ownership after a $750,000 deal.
The Little Rock Municipal Airport Commission purchased the former Hollingsworth Grove housing project site from the Little Rock Housing Authority.
The property is bound by Ninth Street on the south, Corning Street on the west, Sixth Street on the north and Picron Street on the east.
The land was assembled in November 1950 in 13 deals totaling more than $138,000.
The sellers were Southern Investment Co., led by W.J. White, $68,688; E.L. and Mary Stewart, $25,000; L.H. and Laura Gill, $7,500; William and Dovie Barnes, $6,000; M.B. Rhea, $5,250; H.M. and J.V. Smith and Roy and Mabel Thornton, $5,000 each; W.W. Jennings, $4,000; Herbert and Oma Gill, $3,250; Silas and Ayra Hawley and W.L. and Aline Elliott, $3,000 each; Coy and Hazel Hubbard, $1,450; and James Hensell, $1,000.
Commercial space in Little Rock’s Riverdale area changed hands in a $575,850 transaction.
Dobi Estates LLC, led by Nezih Erkman, acquired the 3,409-SF piece of the Riviera Building at 3700 Cantrell Road. The seller is Heartland Properties Corp., led by Larry McCraw.
The deal is backed with a $575,000 loan from One Bank & Trust of Little Rock.
Heartland purchased the 2.13-acre development for $3.1 million in March 1990 from Riviera Apartments, led by Sidney Weniger.
A commercial project in southwest Little Rock rang up a $400,000 sale.
Amerco Real Estate Co. of Phoenix bought the 6501 Geyer Springs Road project from Industrial Plaza Partners LLC of Kansas City, Missouri.
The 3.1-acre development was acquired for $450,000 in August 1985 from Real Properties Inc., a Stephens Inc. affiliate.
Heights House I
A 5,124-SF home near the Country Club of Little Rock rang up a $1.1 million deal.
MJH Trust, led by Merritt and Lauren Dake, purchased the house from Michael and Pamela Ashcraft.
The deal is financed with a seven-year loan of $988,900 from IberiaBank. The residence previously was tied to a May 2012 mortgage of $832,000 held by Arvest Bank of Fayetteville.
The Ashcrafts bought the property for $1.04 million from Lynn Thomas and Paul Smith.
Heights House II
A 3,970-SF home in the Heights area of Little Rock is under new ownership after a $687,500 sale.
John and Melissa Saviers acquired the house from Blake and Debra Miller. The deal is funded with 30-year loans of $417,000 and $133,000 from BancorpSouth Bank.
The residence previously was linked with a December 2002 mortgage of $277,679 and a May 2004 mortgage of $88,648 held by Southern Bancorp Bank of Arkadelphia.
The property was purchased for $205,000 in April 2006 from Michael and Julie Love and Trevor and Tanda Stoelzing.
A 3,475-SF home in the Hillcrest area of Little Rock changed hands in a $680,000 deal.
Doug and Gina Richey bought the house from River Rock Builders LLC, led by Keith Wingfield.
The deal is backed with a 30-year loan of $417,000 and a 15-year loan of $145,500 from BancorpSouth Bank of Tupelo, Mississippi.
The residence previously was tied to a June 2014 mortgage of $432,000 held by BancorpSouth and a March 2015 mortgage of $161,221 held by Riverside Bank of Sparkman (Dallas County).
River Rock acquired the location for $55,000 in January 2013 from Marcus and Joslyn Galloway.
River Ridge Abode
A 3,421-SF home in Little Rock’s River Ridge Pointe neighborhood drew a $570,000 transaction.
Jorge and Sarah Gutierrez purchased the house from the Diane Hilburn Revocable Trust.
The deal is financed with a 30-year loan of $417,000 and a five-year loan of $96,000 from Simmons First National Bank.
The residence previously was linked with a December 2005 mortgage of $265,000 held by Little Rock’s Bank of the Ozarks and a March 2008 mortgage of $100,000 held by Charles Schwab Bank of Reno, Nevada.
Hilburn bought the location for $100,000 in February 2005 from Marlow and Kay Morgan.
Osage Terrace Home
A 4,112-SF home in Maumelle’s Osage Terrace neighborhood sold for $570,000.
Justin Oakley acquired the house from the namesake trusts of Michael and Nancy Alred.
The deal is funded with a 30-year loan of $456,000 from U.S. Bank of Cincinnati. The residence previously was tied to an April 2015 mortgage of $226,000 held by One Bank & Trust.
The Alreds bought the location for $70,000 in September 2004 from the Hughes Group Inc., led by Timothy Hughes.
Hickory Grove Abode
A 3,539-SF home in west Little Rock’s Hickory Grove neighborhood rang up a $540,000 transaction.
The TLM Trust, led by Theresa Mid-dleton, bought the house from Markus Homes Inc., led by Melinda Markus.
The deal is backed with a two-year loan of $60,000 from Bank of the Ozarks.
The residence previously was linked with a January 2008 mortgage of $576,000
held by One Bank & Trust. The location was acquired in July 2003 as part of a $725,000 deal with Little Rock’s First Baptist Church.
A 4,493-SF home in the Lamarche neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $536,500 deal.
James and Khristian Brewster purchased the house from Shelly Stevenson. The deal is financed with a 30-year loan of $461,500 from Capital One of McLean, Virginia.
The residence previously was tied to an August 2014 mortgage of $417,000 held by Regions Bank of Birmingham, Alabama.
The property was bought for $524,000 18 months ago from Stephen and Tammy Jones.
Chimney Rock House
A 5,111-SF home in Sherwood’s Chimney Rock neighborhood changed hands in a $525,000 sale.
Jerry Ester and Patsy Keathley acquired the house from the namesake family trust of William and Sue Corker.
The deal is funded with a seven-year loan of $325,000 from Bank of the Ozarks.
The Corkers purchased the property for $795,000 in September 2006 from Michael Wayne Joshua and his wife, Martha.
Chenal Circle House
A 3,548-SF home in west Little Rock’s Chenal Circle neighborhood sold for $520,000.
Darrell and Angela Baker bought the house from the Jack Harper Family Trust, led by Carroll and Brooke Harper.
The deal is backed with a five-year loan of $900,000 from First Security Bank of Searcy. The residence previously was linked with an April 2010 mortgage of $390,400 held by Bank of America in Charlotte, North Carolina, and a May 2011 mortgage of $200,000 held by One Bank & Trust.
The property was acquired for $488,000 nearly five years ago from James and Lynda Yuen.
A military recruitment center in the Riverdale area of Little Rock was used to help secure a $54.74 million funding agreement.
MSDG Little Rock LLC of Bowling Green, Kentucky, obtained the loan from Goldman Sachs Mortgage Co. of New York.
The 23,860-SF project at 1520 Riv-erfront Drive previously helped secure a November 2005 financial package with Artesia Mortgage Capital Corp. of Issaquah, Washington.
MSDG purchased the 2.1-acre site for $833,000 ($9 per SF) in May 2001 from Pleasant Valley Inc. of Little Rock, led by Marion Burton.
Cafeteria Expansion and Renovation Work $15,586,570
9601 Interstate 630, Little Rock
Baldwin & Shell Construction Co., Little Rock
Conveyor System $4,230,000
8 Industrial Parkway, Little Rock
Dematic Corp., Grand Rapids, Michigan
New 15,000-SF Building $1,750,000
15 Collins Industrial Place, North Little Rock
Harco Constructors Inc., North Little Rock
Arkansas Heart Hospital Clinic
7 Shackleford W. Blvd., Little Rock
Nabholz Construction Corp., Conway