Arkansas Development Finance Authority
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 >
ADFA Settles Old Tax Bill for Little Rock Verizon Building
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 >
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 >
Pediatrics Plus Draws $8.7M Transaction (Real Deals)
A 32,518-SF child development center in west Little Rock weighed in at $8.7 million. read more >
by George Waldon -
Pacific GeneTech Subsidiary PGTx Works Toward Dysentery Vaccine
Pacific GeneTech is building a world headquarters in Springdale. read more >
Tech Firm Touts 10x Returns
Teslar Software of Springdale says it recently offered a 10x return to round one investors who were willing to be bought out. read more >
Winar Named Partner at Frost (Movers & Shakers)
Curtis Winar has been promoted to partner at Frost PLLC of Little Rock. read more >
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 >
Migration of State Agencies Generates Little Rock Office Ripples
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 >
by George Waldon -
State Bond Issue Set to Finance Cost of Commerce Building Purchase
A $26.4 million bond issue is in the works to mortgage a state-owned building read more >
Hotel Hot Springs Faces Foreclosure Sale
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 >
by Mark Friedman -
State Offices, Rather Than Raytheon, Relocate to Riverdale
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 >
by George Waldon -
Bryan Scoggins to Lead Arkansas Development Finance Authority
Bryan Scoggins has been named president of the Arkansas Development Finance Authority, effective immediately. read more >
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 >
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 >
by Mark Friedman -
Former Alltel Properties Dial Up $26M Transaction (Real Deals)
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 >
by George Waldon -
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 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 >
Clarity Pointe Transaction Exceeds $11M Mark (Real Deals)
An affiliate of Avenir Senior Living of Scottsdale, Arizona, purchased the 59-unit Clarity Pointe project at 8401 Ranch Blvd. read more >
by George Waldon -
Hot Springs Sees Boom in Craft Beer Breweries
Tapping into Hot Springs thermal culture, the craft brewing industry in Spa City is hot. read more >
by Jan Cottingham -