Pinnacle Hotel Group's Shawn Govind Tips Hand on New Project
Hospitality is more than a business for Shawn Govind, principal in the Beechwood Pinnacle Hotel Group. read more >
Real Estate
Recent Real Estate Transactions Total $2M
Flash Market LLC of Greenville, South Carolina, bought a 2,752-SF convenience store at 2255 John Harden Drive in Jacksonville for $570,375 and a 2,604-SF convenience store at 8623 Warden Road in Sherwood for $365,625. read more >
US Pending Home Sales Slid 2.5% in July in Sign of Slowdown
Fewer Americans signed contracts to buy homes in July, signaling that the housing market has yet to enjoy a strong bounce from lower mortgage rates. read more >
Craighead County Jobs Growth Outperforms Nation, State
Economic development leaders in Jonesboro welcomed a report showing robust job growth in Craighead County, but they hope it's just a signpost on the way to even better numbers. read more >
BSR Buys Austin Apartments for $104M, Sells Shares to Raise $50M
BSR Real Estate Investment Trust of Little Rock announced Tuesday that it has completed the purchase of two apartment communities in Austin, Texas for $104.4 million. read more >
Skyline Report Shows Home Sales, Average Prices Up in Northwest Arkansas
The number of homes sold and permits issued, overall absorption and average prices rose in northwest Arkansas in the first half of 2019, but the dwindling availability of lots could slow future growth, according to the latest Skyline Report. read more >
Redevelopment, New Construction Mix in Retail Market
Big box stores which once housed bankrupt retailers are getting filled by snazzy companies like Trader Joe's while new construction continues to build in west Little Rock. read more >
Heileman Cattle Family Feud Includes Charges of Fraud, Larceny
A family cattle business in Poinsett County ended in a multimillion-dollar bankruptcy last year, and now one of its owners is being accused of fraud. read more >
New Jacksonville Schools Propel Growth
Jacksonville is on the rise, and its schools are playing no small role in that. Replacing all schools in the Jacksonville-North Pulaski School District is one way the district, carved out of the Pulaski County Special School District in 2014, is hoping to improve education in the community. read more >
Mayor Sees Signs Amazon May Stay in NLR Awhile
North Little Rock has 17 acres to offer to Amazon for a permanent facility or expansion. A permanent or expanded facility would require at least 10-15 acres and could create up to 300 jobs, according to the Mayor Joe Smith. read more >
Apartment Combo Sells In $21M Transaction (Real Deals)
Related entities paired up to acquire two west Little Rock apartment projects for $10.55 million each. read more >
Innovation Hub Growing in Pine Bluff
Go Forward Pine Bluff's innovation hub, The Generator, is in for a busy September. Mildred Franco, executive director of The Generator, hopes renovations will begin then on its physical location: the three-story building formerly known as the Merrill Civic Center. read more >
Big Country Chateau Let Go for $6.4M
A quartet of apartment projects in Little Rock and Conway form this week's group of million-dollar real estate transactions. read more >
Fayetteville Retirement Home Sells for $18M (NWA Real Deals)
A Virginia investment firm bought the Brookstone Assisted Living Facility in Fayetteville for $18 million. read more >
Despite Fast Growth, Nelson Peacock Notes Ample Room for More Talent in NWA
Nelson Peacock, president and CEO of the Northwest Arkansas Council, says the area's greatest need is talented workers to fill 10,000 jobs. read more >
Recent Real Estate Deals Total $1.57M
White River Property Transactions LLC of Des Arc, led by Robert Abney, bought the 32,320-SF Doss Moving office/warehouse at 6600 Interstate 30 for $850,000. read more >
US New Home Sales Slid 12.8% in July
Sales of new U.S. homes fell a steep 12.8% in July, but the drop came after revisions to June sales showed the sales highest growth in 12 years. read more >
Commercial Office Parks Sells for $1.88M
The five contiguous buildings that make up Commercial Office Park in North Little Rock and offer 40,000 SF of general office space have sold for $1.88 million. read more >
Arkansas Business Announces CFO Finalists, Tickets Info
Arkansas Business' 2019 CFO of the Year finalists and Lifetime Achievement Award winners will be recognized at a luncheon on Thursday, Nov. 7, at the Embassy Suites in Little Rock. read more >
NLR Warehouse Near I-30 Sold for $2.8M
An office-warehouse project in North Little Rock, medical office space in west Little Rock and Conway, apartments in south Little Rock and commercial property in Sherwood form this week's five-piece of million-dollar real estate transactions. read more >
Hidden Search of Schwyhart Assets Probes Attorney Files
The search for nearly $3.2 million from a once-secret 2013 settlement and possession of a grand home valued at $1.9 million by the Benton County assessor remain at center stage in the bankruptcy of Bill and Carolyn Schwyhart. read more >
Tandem Apartment Sales Combine for $56.5M (Real Deals)
Affiliates of B&M Management Co. of Montgomery, Alabama, bought the Stonebridge and Carrington Park apartment projects from affiliates of Philadelphia's Independence Realty Trust. read more >
Goss Takes Senior Role at Allison + Partners (Movers & Shakers)
Sarah Goss has been promoted to partner at Allison + Partners of Little Rock. read more >
ArcBest to Move to Former Ozark Natural Foods Site
ArcBest Corp. of Fort Smith will move its northwest Arkansas operations to a leased portion of the former building occupied by Ozark Natural Foods in Fayetteville. read more >
Recent Real Estate Deals Total $2.3M
Pershing Holding LLC of Glendale, California, has purchased the 16-unit Pershing Place Apartments at 2750 W. Pershing Blvd. in North Little Rock for $720,000. read more >
Walmart Celebrates New Contact Center in Springdale
Walmart Inc. of Bentonville held a ribbon-cutting ceremony to christen its new contact center at the site of a former Sam's Club on South Thompson Street in Springdale. read more >
In Jacksonville, A New Cornerstone for Education, Economic Development
The $74 million, 338,000-SF Jacksonville High School that opened welcoming 1,100 students gives an obvious boost to the city's education sector. But economic developers also see it as key to growing business there. read more >
Pair of WLR Apartments Sold for Combined $56.5M
The sale of west Little Rock apartment developments starts this week's procession of million-dollar real estate transactions, followed by a Searcy hotel and three Sherwood properties. read more >
Texarkana Project Expected to Propel Downtown Growth
After a decade of hope and false starts, the revitalization of downtown Texarkana achieved a breakthrough with the sale July 31 of the historic Hotel Grim to a housing development group. read more >
Unemployment Rates Trend Lower in Arkansas
The unemployment rates in most of Arkansas' metro areas continued to move downward or stay stable in June, with Fayetteville, Jonesboro, Little Rock and Texarkana seeing declines. read more >
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