Arkansas Residential Sales Prove Contagious 
by George Waldon – 4 days ago
When it comes to Arkansas home sales, historically low interest rates are helping steamroll any ill effects from COVID-19.
Real Estate
Arkansas Residential Sales Prove Contagious
Bryant Car Wash Purchased for $3.4M
4 days ago
This week's installment of million-dollar real estate transactions travels from Bryant through Little Rock and on to Conway.
Village at Valley Ranch Draws $10.5M Transaction (Real Deals)
4 days ago
An affiliate of Conway's Reliance Health Care Inc., bought the 90-bed nursing and rehabilitation facility in west Little Rock. The seller is Wagnon Place Inc., led by Joey Wiggins.
US Retail Sales Rise for 4th Straight Month As Growth Slows
Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. read more >
Advancements Made at Relyance, Arvest (Movers & Shakers)
Katherine Polczynski and Melissa Kleusner have received promotions at Relyance Bank in Hot Springs. Chris Vanwinkle and Amber Haydar French have been promoted to client advisers at Arvest Wealth Management. read more >
Pandemic Collateral Damage? Small Firms
The COVID-19 pandemic has delivered a wallop to the country's economy, but experts interviewed by Arkansas Business don't expect too much lasting damage. There is a caveat, of course. read more >
Most Feedback Is Just Noise (Barry Goldberg On Leadership)
Is it any wonder that the phrase “May I provide you with some feedback?” sets up an emotional loop almost guaranteed to grate on nerves and create stress? read more >
Arkansas Metro Housing Costs Trend Lower Than U.S.
Housing costs in central Arkansas compare favorably with those in other metropolitan areas, a recent report by planning agency Metroplan shows. read more >
Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running. read more >
Bed & Breakfast Goes Bankrupt
The Inn at Mountain View is another victim of COVID-19. read more >
Crystal Hill Kum & Go Turned Over for $3.4M
A super convenience store, apartments, an eatery and a home provide this week's installment of million-dollar real estate deals. read more >
Home Sale Worth the Wait for Former UA Punter
Former University of Arkansas punter Matt Wait is moving on from his Fayetteville home that was once the focal point of a brief but convoluted legal tale. read more >
Kum & Go Transaction Checks Out at $5.9M (Real Deals)
Goko LLC of Wichita, Kansas, purchased the super convenience store in west Little Rock from Bayrock Seven LLC of Charlotte, North Carolina. read more >
Central Arkansas Population Stands at 750,000
The Little Rock-North Little Rock-Conway Metropolitan Statistical Area now has a population of about 750,000, according to a report by Metroplan, the planning agency for Faulkner, Lonoke, Pulaski and Saline counties. read more >
Alley Honored by Burlsworth Foundation (Movers & Shakers)
Sam Alley, chief executive officer of VCC, the Little Rock general contracting company, is being recognized by the Brandon Burlsworth Foundation as the Legends honoree for 2020. read more >
The 2020 20 In Their 20's: The Future Looks Bright From Here
From Rogers to Jonesboro to Benton and McCrory, there is bright young talent across our state. For the 11th year, Arkansas Business is proud to introduce 20 of the freshest faces in business and community service. read more >
Chicago Firm Acquires Surgery Center in Little Rock
Stage Equity Partners LLC of Chicago, a private real estate investment firm that focuses on health care real estate, has acquired a 10,000-SF ambulatory surgery center in Little Rock. read more >
Fed's 'Beige Book' Finds Widespread Pessimism About Economic Future
The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. read more >
City, UA Little Rock Take Steps to Improve Asher Avenue Properties
Little Rock city officials announce revitalization plans for the Asher Avenue corridor, and the University of Arkansas at Little Rock announces redevelopment plans for its University Plaza shopping center. read more >
Arkansas Business Announces 'Best Places to Work' Honorees, Online Event
Arkansas Business will honor more than 40 companies designated among this year's "Best Places to Work" during an interactive online ceremony in November. read more >
Arkansas Hotel Industry Seeks Federal Help As Travel Sags
The hotel industry in Arkansas and nationwide is lobbying Congress for relief, as it reports less leisure travel and “nonexistent” business and convention travel amid the ongoing COVID-19 pandemic. read more >
East End Hardware, Equipment Properties Sold for $1.7M
Sanders Ace Hardware and Central Arkansas Mahindra, both on Arch Street in East End, were purchased for nearly $1.7 million. read more >
Protests Fail to Boost Black-owned Businesses
Social media campaigns urged consumers to buy goods and services from Black-owned businesses following protests against racism and police brutality. But several African American business owners told Arkansas Business that they saw little, if any, boost in sales. read more >
Schwyhart Meltdown Followed Hunt's Exit
Thirteen years ago, word began leaking out that one of the most dynamic commercial development partnerships in fast-growing northwest Arkansas was breaking up. read more >
Little Rock Funeral Home Registers $1.7M Sale (Real Deals)
Little Rock Funeral Home is now part of Smith Family Funeral Homes after a recent purchase. read more >
SoMa Stays Social While Socially Distant
Restaurateurs come together at the SoMa Outdoor Dining Room in the parking lot at the southeast corner of 13th and Main streets in downtown Little Rock. read more >
Black-owned Businesses in the U.S. Make Up 2.2% of Employer-owned Firms
Blacks owned 124,004 employer businesses (firms with at least one paid employee) in 2017, or 2.2% of the 5.7 million employer businesses in the United States, according to the 2018 Annual Business Survey conducted by the U.S. Census Bureau. read more >
Aspen Mini Storage Sells for $6.7M (NWA Real Deals)
Steve Juiris bought the 8-acre, 300-unit site on North Broyles Street from 3B Storage LLC, led by Alex Baumeister, Patrick Byrd and Charles Burford. read more >
Amazon to Open Delivery Station in Maumelle
Amazon of Seattle will open a new delivery station at 400 Sharkey Drive in Maumelle later this year, creating "dozens" of full-time and part-time jobs, the company says. read more >
Jonesboro Economy Keeps Distance From Pandemic Woes
After a few months of dormancy, Jonesboro's economy is getting up to speed as business owners and developers use unexpected savings, federal stimulus money and assistance programs to build, enhance and improve. read more >
Get Tickets for Arkansas Business' Women's Leadership Summit in Jonesboro
Arkansas Business is holding its first Women's Leadership Summit Oct. 8 in Jonebsoro, and tickets to the virtual event are available now. read more >
Firm Breaks Ground on $10.9M Long-Term Care Facility in Walnut Ridge
Southern Administrative Services breaks ground on a $10.9 million nursing home development in Walnut Ridge, the Green House Cottages of Walnut Ridge. read more >
Partnership with Jonesboro Anchor Buys Real Estate Firm in Conway
Steve Doty, the owner of ERA Doty Real Estate in Jonesboro, has partnered with an out-of-state franchisee he befriended 15 years ago to acquire ERA Team Real Estate in Conway. read more >
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