$1M Sale of Springdale Office Building Recalls Fraud Case 
by Arkansas Business Staff – 4 days ago
Remember all the legal wreckage brought about by former Fayetteville real estate developer Brandon Barber a decade ago?
Remember all the legal wreckage brought about by former Fayetteville real estate developer Brandon Barber a decade ago?
Welcome to the last week of November with a pair of seven-digit deals.
A Bentonville investor group paid $9.6 million for the Avid Hotel in west Fayetteville.
The property at 8023 Cantrell Rd. recently sold for $1.35 million. read more >
Mortgage rates are still more than double what they were in early January, mirroring a sharp rise in the yield on the 10-year Treasury note. read more >
Reilly offered his insights into innovation and organizational transformation in the November episode of the 21st Century Business Forum. read more >
Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed two straight quarters of contraction. read more >
Finalists in each category will be celebrated at an awards ceremony on March 8 at the Statehouse Convention Center in Little Rock. read more >
Colorado-based investor groups teamed up to buy the properties, home to 123 apartments and two restaurants, from five limited liability companies led by Chris Moses. read more >
Arkansas is among 25 states without a National Shooting Sports Foundation five-star-rated range. A $10 million development championed by Brian Martin and Jonathan Lowman would change that. read more >
Last year around this time, I identified a few business news items with implications for 2022. And with 2023 on the horizon, it's time to do it again — and check on a couple of last year's forecasts. read more >
The four-week moving average of claims, which smooths out week-to-week volatility, rose by 5,500 to 226,750. read more >
AcreTrader said the agreement advances the company's goal of making buying and selling land more common, transparent and efficient. read more >
Offices, homes, warehouses and more in this week's million-dollar deals and construction read more >
Pace Burt of Albany, Georgia, is entering year three of the $25 million redevelopment of the old Veterans Affairs Hospital in Little Rock, set to finish by Dec. 31, 2023. read more >
The 168-unit apartment project in Maumelle was purchased by 13 limited liability companies, affiliates of Canyon View Capital in Santa Cruz. read more >
Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years. read more >
There were also dozens of proposals on the Nov. 8 ballot raising money for and authorizing construction of affordable housing. read more >
A year ago the average rate was 3.1%. read more >
Some homeowners believed their second loans were rolled in with their first mortgage payments or forgiven. Now they're being told the loans weren't dead after all. read more >
The 100-home development is expected to help address growing demand for housing as the manufacturing industry grows in Mississippi County. read more >
The ammunition manufacturer said the project will create 120 jobs. read more >
Founder Steve Rehbock sold the brewery for $700,000 last month just as he was celebrating the 10-year anniversary of serving his first pint. read more >
RCG-North Little Rock VII LLC purchased the 170,385-SF Market Plaza Shopping Center at 4201 E. McCain Blvd. in North Little Rock. read more >
Wright's Barbecue, the famed northwest Arkansas eatery that started in Johnson, is opening another restaurant site in Little Rock. read more >
Passco Riverhouse DST purchased the 262-unit apartment complex at 1200 Brookwood Drive in Little Rock's Riverdale area. read more >
The buyers were MCC Self Storage LLC and Wobbe Lane LLC. read more >
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate rose to 7.08% from 6.95% last week. A year ago the average rate was 2.98%. read more >
The acquisition is the real estate firm's sixth in the Columbus area. read more >
The location on Cantrell Road will be the nonprofit's 37th retail site in Arkansas. read more >
Redfin also laid off 470 employees in June, blaming slowing home sales. read more >
Blake Brazeal, BSR's co-president and chief operating officer since 2004, is retiring at the end of the year. read more >
The Arkansas FireSMART service allows producers can select the area they plan to burn on a map and the application will generate real-time weather data, letting producers know if current conditions align with the state's Voluntary Smoke Management Guidelines. read more >
