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Arkansas Development Finance Authority

Banking & Finance / Government & Politics

Ro Arrington Named President of Arkansas Development Finance Authority

He's an 11-year veteran of the agency, which promotes economic growth and community development across the state. read more >
The state bought Verizon’s last office building in the former Alltel corporate campus for $26 million. The six-story Little Rock property is pegged to become the home of the Department of Commerce.
Banking & Finance / Government & Politics / Real Estate

ADFA Settles Old Tax Bill for Little Rock Verizon BuildingLock Icon

The Arkansas Development Finance Authority paid $60,272 to settle a 2019 tax bill on Riverdale’s Verizon Building 4, citing a closing error. read more >
Investments / Nonprofits / Small Business

Venture Center Launches $10M Investment Fund

The fund focuses on Arkansas-based, technology-driven companies that are expected to generate great economic benefit to the state and region. read more >
Construction / Government & Politics / Health Care

Pediatrics Plus Draws $8.7M Transaction (Real Deals)Lock Icon

A 32,518-SF child development center in west Little Rock weighed in at $8.7 million. read more >
Health Care / Investments

Pacific GeneTech Subsidiary PGTx Works Toward Dysentery VaccineLock Icon

Pacific GeneTech is building a world headquarters in Springdale. read more >
Joe Ehrhardt
Business Services / Investments

Tech Firm Touts 10x ReturnsLock Icon

Teslar Software of Springdale says it recently offered a 10x return to round one investors who were willing to be bought out. read more >
Curtis Winar of Frost PLLC in Little Rock
Banking & Finance / Business Services / Insurance

Winar Named Partner at Frost (Movers & Shakers)

Curtis Winar has been promoted to partner at Frost PLLC of Little Rock. read more >
Mark Conine
Banking & Finance / Real Estate

Mark Conine to Lead ADFA

Mark Conine is the new president of the Arkansas Development Finance Authority, a division of the state Department of Commerce. read more >
Anne Laidlaw, director of the Arkansas Building Authority.
Agriculture & Poultry / Construction / Energy

Migration of State Agencies Generates Little Rock Office RipplesLock Icon

The reshuffling of state offices around Little Rock has set the stage for construction of two buildings and the possible sale of a third. read more >
The state bought Verizon’s last office building in the former Alltel corporate campus for $26 million. The six-story Little Rock property is pegged to become the home of the Department of Commerce.
Banking & Finance / Government & Politics / Investments

State Bond Issue Set to Finance Cost of Commerce Building PurchaseLock Icon

A $26.4 million bond issue is in the works to mortgage a state-owned building read more >
The redone 14-floor hotel is getting a new spa.
Banking & Finance / Legal / Real Estate

Hotel Hot Springs Faces Foreclosure SaleLock Icon

The 200-room Hotel Hot Springs & Spa will be sold at a foreclosure sale to help pay a $128.9 million judgment its owner received in June. read more >
Construction / Government & Politics / Insurance

State Offices, Rather Than Raytheon, Relocate to RiverdaleLock Icon

Plans are still taking shape to move 977 state employees into the six-story building at 1 Verizon Drive in the Riverdale area. read more >
Bryan Scoggins
Banking & Finance

Bryan Scoggins to Lead Arkansas Development Finance Authority

Bryan Scoggins has been named president of the Arkansas Development Finance Authority, effective immediately. read more >
Cheryl Schluterman, director of the Arkansas Development Finance Authority
Agriculture & Poultry / Business Services / Legal

Schluterman to Officially Become ADFA Director (Movers & Shakers)

Cheryl Schluterman has been named director of the Arkansas Development Finance Authority in Little Rock, a division of the Arkansas Economic Development Commission, effective July 1. read more >
The Delta Resort & Conference Center in Desha County.
Banking & Finance / Construction / Insurance

Files Offer Look Inside $120M Delta Resort BankruptcyLock Icon

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 >
Banking & Finance / Construction / Government & Politics

Former Alltel Properties Dial Up $26M Transaction (Real Deals)Lock Icon

The Arkansas Development Finance Authority bought Building 4 on the former Verizon/Alltel campus at 1 Allied Drive from Alltel Corp., an affiliate of Verizon Communications Inc. of New York. read more >
Government & Politics / Real Estate

ADFA Allocates $26M to Buy Verizon Building

The Arkansas Development Finance Authority expects to close on its purchase of Verizon Building 4 at One Allied Drive in Little Rock by the end of next month. read more >
Cheryl Schluterman, interim president of the Arkansas Development Finance Authority.
Banking & Finance / Government & Politics

Cheryl Schluterman to Lead Arkansas Development Finance Authority

Cheryl Schluterman, vice president for finance and administration at the Arkansas Development Finance Authority, has been named interim president of the ADFA, effective immediately. read more >
Banking & Finance / Business Services / Construction

Clarity Pointe Transaction Exceeds $11M Mark (Real Deals)Lock Icon

An affiliate of Avenir Senior Living of Scottsdale, Arizona, purchased the 59-unit Clarity Pointe project at 8401 Ranch Blvd. read more >
Rose Schweikhart, right, owner of Superior Bathhouse Brewery, and Jimm Powell, brewer, load 5-gallon kegs onto their delivery truck for delivery to bars and restaurants.
Banking & Finance / Business Services / Construction

Hot Springs Sees Boom in Craft Beer BreweriesLock Icon

Tapping into Hot Springs thermal culture, the craft brewing industry in Spa City is hot. read more >