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 >
Real Estate
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 >
Pyramid Lofts Take Shape in $3.8M Redevelopment
A long-vacant office building in downtown Little Rock is undergoing a mixed-use makeover dominated by apartments. read more >
Lithium Project in El Dorado Defies Pandemic
After six months locked down in Canada, Robert Mintak is itching to fly south to see firsthand how Standard Lithium Ltd.'s pilot plant is doing drawing lithium from Arkansas' underground brine. read more >
Pine Bluff Gets a Sprucing Up
Led by the Saracen Casino Resort, which has a construction value of $215 million, Pine Bluff is seeing growth across the city unlike any in recent years. read more >
Costco Still Coming to Little Rock
Costco is expected to close by the end of this year on its purchase of 32 acres at the southwest corner of Chenal Parkway and Kirk Road in Little Rock. read more >
Village at Valley Ranch Acquired for $10.5M
This week, a varied menu is served up of real estate transactions that include a nursing home, apartments, car washes, warehouse, undeveloped land and a residence. read more >
Good Money After Bad (Gwen Moritz Editor's Note)
Disturbing allegations made by attorneys for Richard Toll show why some say that no good deed goes unpunished. read more >
Partners Bank Saddles Up for Springdale
The full-service branch in the works at 3632 Johnson Mill Blvd. in Springdale represents the first beyond the Delta for Partners Bank of Helena-West Helena. read more >
Southern Bancorp On the Move
Arkadelphia's Southern Bancorp Bank will be relocating its west Little Rock operations into leased space formerly occupied by the State Bank Department. read more >
West Scenic Complex Visited by $6.2M Sale (Real Deals)
A New Jersey company acquired the North Little Rock apartment properties for $6.25 million from West Scenic Partners LLC of St. Louis. read more >
Staton Takes on Commerical Loans at Relyance (Movers & Shakers)
Evan Staton has been hired as commercial loan director by Relyance Bank in Pine Bluff. read more >
ABA Joins Banking Associations, Others In Decrying Refinance Fee
The Arkansas Bankers Association is one of 51 state banking associations during the Federal Housing Finance Agency to rescind a 0.5% fee on refinance loans offered by Fannie Mae and Freddie Mac. read more >
New UAMS Health Neighborhood Clinic Opens
UAMS Health Neighborhood Clinic recently opened another location that will offer primary care to people of all ages from University of Arkansas for Medical Sciences providers. read more >
What Businesses Should Know About Trump's Payroll Tax Deferrals (Clay Glasgow Commentary)
Clay Glasgow shares key considerations for businesses that are preparing for employee payroll tax deferrals allowed under President Trump's recent order. read more >
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