New Hotel Planned Near Pleasant Ridge Shopping Center 
by Arkansas Business Staff – 6 days ago
An 85-room hotel project will be built on the south side of Pleasant Ridge Road in west Little Rock.
Real Estate
New Hotel Planned Near Pleasant Ridge Shopping Center
BSR Starts Work on $15.6M Phase Two at Wimbledon Green
6 days ago
BSR Real Estate Investment Trust of Little Rock said last week that it has started construction on the $15.6 million second phase of its Wimbledon Green property in Little Rock.
New Owners to Redevelop 10-Story AT&T Building in Little Rock
6 days ago
The Dallas company that purchased the AT&T building at 111 W. Capitol Ave. in Little Rock says AT&T will vacate the property in July to make way for a full renovation.
Walmart Unveils New HQ Designs, Will Start Work This Summer
Walmart Inc. of Bentonville unveils initial designs for its new headquarters campus in Bentonville, saying work on the massive project will begin this summer with an eye toward opening in phases between 2020 and 2024. read more >
Arvest Bank Sells 36 Lots For $170K
Arvest Bank recently sold 36 lots in the Kanis Village subdivision of Little Rock for $170,000. read more >
Recent Real Estate Deals Total $1.2M
Two commercial sites, one in southwest Little Rock and one in Maumelle, sold recently. read more >
US Long-term Mortgage Rates Fall; 30-year Average at 4.07%
U.S. long-term mortgage rates fell slightly this week, marking a third straight week of declines as a continued inducement to purchasers in the spring homebuying season. read more >
Garver Buys 2 NorthShore Buildings for $1.9M
Garver of North Little Rock has bought two 5,000-SF buildings and a site at 7700 Northshore Place in North Little Rock for about $1.2 million. read more >
Recent Real Estate Deals Total $1.7M
Mew Investments LLC of Maumelle, led by Michael Bullerwell, purchased the 22,563-SF Little Rock Broom Works at 7710 Jamison Road in south Little Rock for $600,000. read more >
Riverdale Shopping Center Land Sold for $8.3M
Kappa Realty LLC, led by Chris Robertson, purchased the 17.6-acre home of the Riverdale Shopping Center at 2500-2610 Cantrell Road from the Roman Catholic Diocese of Little Rock. read more >
Lawsuit Alleges Developer Ed Blalock Blocked from Picking Lots
A residential homebuilder in Fayetteville is suing a Fort Smith developer for breach of a $2 million-plus contract to purchase 60 lots in a new Farmington subdivision. read more >
Schwyhart Manor in Rogers, Nearly $3.2M Draw Scrutiny
The dispute between Bill and Carolyn Schwyhart and creditors has also brought into question what happened to nearly $3.2 million from a once-secret settlement unveiled earlier this year. read more >
Markham West Ownership Shifts in $19.7M Transaction (Real Deals)
Affiliates of Weingarten Realty of Houston, Texas, were on either side of a $19.75 million transaction involving a 166,735-SF retail project in west Little Rock. read more >
Armor Bank Buys Naming Rights to WindRiver Building
Armor Bank said Thursday that it has bought the naming rights of the office building at 2300 Cottondale Lane, formerly known as the WindRiver Building. read more >
US Long-Term Mortgage Rates Decline
U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers. read more >
Grants to Jump-Start Economic Development in Park Hill, Levy
The city of North Little Rock is sprucing up the Park Hill and Levy business districts with federally funded Jump Start grants and playing a long game when it comes to economic development in those areas. read more >
Springhill Medical Corridor Still Attracting Business
Baptist Health, CARTI projects add to two decades of development on Springhill Drive in east North Little Rock, a place that was once best known as the lonely Interstate 40 location of ABF Freight's central Arkansas terminal. read more >
The Arena Era: Venue Set the Stage for 20 Years of Redevelopment
Verizon Arena is recognized as the key that started a redevelopment engine for downtown North Little Rock. Celebrating its 20th birthday in October, the facility is touted as an $83 million, debt-free, financially self-sufficient showcase for central Arkansas events. read more >
Between Venues, Investments Continue in Argenta
The debut of a major riverfront arena 20 years ago turned out to be a warmup act for the real headliner: a sweeping transformation of downtown North Little Rock. read more >
Rockwater Village Draws More Residents
The North Little Rock residential development along the Arkansas River proves appeal of traditional homes. read more >
Chenal Creek Shopping Center Sells for $10.7M
A retail center, an eatery and undeveloped residential acreage form a west Little Rock trio of properties that generated million-dollar transactions. read more >
Bone's Chophouse Stakes Out West Little Rock Location
Little Rock is getting its own Bone's Chophouse, the restaurant opened in Hot Springs in November 2017 by Lee Beasley. read more >
Bentonville Best Western Lawsuit Settled with Interest
Silver Hospitality has taken care of its obligation, settling a suit with Beechwood Hospitality of Little Rock over a $1.1 million loan. read more >
Central Arkansas Unemployment at 3.5 Percent
The unemployment rate in the Little Rock-North Little Rock-Conway metropolitan statistical area remains near a historical low, 3.5% in February. read more >
Huchingson, Smith Acknowledged by Colliers (Movers & Shakers)
Kevin Huchingson and Isaac Smith of Colliers International Arkansas were recognized as members of the Everest Club for performing among the top 10% of Colliers brokers. read more >
Presidential Hotel Sale Tops $12.7M Mark (Real Deals)
Affiliates of CSK Hotels of Fort Smith, purchased the Holiday Inn Presidential at 600 Interstate 30 and adjoining parking read more >
BSR Sells Four Apartment Complexes for $31.7M
BSR Real Estate Investment Trust announced this week that it has sold four non core assets for $31.7 million as part of its portfolio enhancement and capital recycling strategy. read more >
US Pending Home Sales Rose 3.8% in March
More Americans signed contracts to purchase homes in March compared to the prior month. read more >
Files Offer Look Inside $120M Delta Resort Bankruptcy
In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >
Hope Remains for $410M Forrest City Plant
President Donald Trump's trade war with China may have helped delay the $410 million textile plant planned for Forrest City, but it hasn't killed it. read more >
New Keet Kitchen Coming to Cantrell
The Jim Keet family recently bought a 1.5-acre site at 15000 Cantrell Road in west Little Rock for $680,000 as a launching pad for a new Taziki's Mediterranean Café format. read more >
Thrive Argenta Apartments Sold for $19M
A multifamily project in downtown North Little Rock and a mixed-use development in southwest Little Rock lead the way in this week's parade of million-dollar real estate transactions. read more >
Indoor Axe Throwing Center Hopes to Make the Cut with NLR
North Little Rock resident Sharee Ellis Young plans to open a recreational axe-throwing business at 500 N. Magnolia St. in the Argenta Historic District. read more >
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