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 >
Real Estate
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 >
Lawsuit Says Bella Vista Out of Bounds with Hole in the Wall
The owners of Hole in the Wall campground, a 12-acre tract centered on a cave, filed for an injunction in Benton County Circuit Court after the city ruled the property was inside Bella Vista's city limits. read more >
LR Office Transaction Rings Up $1.6M Sale (Real Deals)
Louisiana & Third Properties LLC, led by Haitham Alley, purchased the Tripp Building at 209 W. Second St. read more >
Investors Pay $3.9M For Convenience Store (NWA Real Deals)
Two Jonesboro investors paid $3.9 million for the Kum & Go convenience store at 2388 N. College Ave. in Fayetteville. read more >
Two-Thirds of Arkansas Counties Lose Residents
Two-thirds of Arkansas' counties lost population between 2012 and 2017, according to the U.S. Census Bureau. read more >
Waco Title Announces Move to New Office
Waco Title is moving into a new location at 302 E. Parkway Drive, Ste A-1, in Russellville. read more >
Update: Dragon Woodland's $10M Sawmill in Helena-West Helena to Create 75 Jobs
Dragon Woodland Sawmill Corp. celebrates the grand opening of its Helena-West Helena facility, a $10 million investment that will create 75 jobs and double the firm's output capacity. read more >
Multifamily Unit in Little Rock Secures $26.1M Loan
Grandbridge Real Estate Capital of Charlotte, North Carolina, recently facilitated the closing of a $26.1 million new construction loan secured by The Residences at Harbor Town Apartments, a 175-unit multifamily community in Little Rock. read more >
Recent Real Estate Deals Total $1.15M
HBIC LLC of Pasadena, California, purchased a 1,740-SF convenience store at 612 E. Roosevelt Road in downtown Little Rock for $680,000. read more >
Markham West Shopping Center Sold for $19.7M
A west Little Rock retail center, a downtown Little Rock hotel and an agri property in southern Lonoke County form this week's trio of million-dollar transactions. read more >
Conway Airport Meeting Expectations
Almost five years after it opened, the Conway Municipal Airport at Cantrell Field is living up to expectations, city and economic development officials say. read more >
Arrow's Edge Transaction Surpasses $4.1M (Real Deals)
An affiliate of Altus Equity of Santa Rosa, California, purchased the 118-unit Arrow's Edge Apartments at 300 Indianhead Cove for $4.1 million. read more >
Recent Real Estate Deals Total $1.8M
The $710,000 sale of a 16-unit apartment complex in midtown Little Rock leads the most recent transactions in local real estate. read more >
With No Buyer, Osceola Courts Tenants For Industrial Site
The bids didn't materialize, so the city of Osceola will hang on to a former industrial site and lease it as warehouse and storage space. read more >
Arkansas Business to Honor 2019 40 Under 40 Class
Arkansas Business will once again honor the state's outstanding young professionals at a luncheon for its 40 Under 40 class. You can order tickets here. read more >
Former Munro Shoe Factory in Hot Springs Sold for $878K
Munro & Co. of Hot Springs has sold its former shoe factory at 190 Elmwood Drive in Hot Springs for $878,000 to Cobalt Investments LLC. read more >
Trio Gathers New Money to Relaunch Capital Bank as Encore
As chairman and CEO, Chris Roberts is leading the campaign to rebrand and relaunch Capital Bank with a $50 million stock offering. The 50-year-old banker considers his recent move from Simmons Bank to be a curtain call on his 27-year lending career. read more >
Citizens Sweeps In Former Simmons Execs
Seven commercial lending and treasury management professionals have left Simmons Bank to help Citizens Bank of Batesville beef up its Little Rock operations. read more >
Cherokee Investments Sells Tripp Building, Buys Volunteer Center
Ping-pong office deals in Little Rock and convenience store flips in North Little Rock join together in a foursome of million-dollar deals. read more >
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