James Barnes
West Memphis Company Raises $4M in Private Equity Placement
GLWM Medicinal Investment Co. LLC in West Memphis raised $3.93M through private equity. Tied to Greenlight Dispensary, it likely focuses on medical marijuana. read more >
Mutual Sale to Municipality Results in $5M Transaction (Real Deals)
The city of North Little Rock bought the four-story project at 515 Pershing Blvd. from Little Rock’s USAble Mutual Insurance Co. read more >
by George Waldon -
Chenal Lakes, Brightwaters Combine for $74.7M Sale (Real Deals)
Affiliates of Forge Partners of Rancho Santa Fe, California, bought the 456-unit Chenal Lakes Apartments in west Little Rock and the 256-unit Brightwaters Apartments in the Riverdale area of Little Rock. read more >
by George Waldon -
Timbers Apartments in Maumelle Sold for $10.5M
Hungry for million real estate transactions? Here are 14 recent million-dollar deals. read more >
Banned Ex-Banker Hid Cash From Creditors, Bank Alleges
A former Arkansas banker who received a lifetime ban from the banking industry has been accused of hiding income to avoid paying creditors. read more >
by Mark Friedman -
River City Recreation World Revisited by $6.3M Sale (Real Deals)
An affiliate of Store Capital of Scottsdale, Arizona, bought River City Recreation World in Sherwood. read more >
by George Waldon -
Too Much Self Storage Just Right for $8.3M
A flurry of multimillion-dollar transactions brought 2018 to an end and started 2019 off with a bang. read more >
Unusual Legal Battle Is a Textbook Case
Lawsuits have littered the path of James and Terry Barnes and their textbook enterprises, with allegations ranging from competition against companies they co-own to selling counterfeit materials. read more >
by Mark Friedman -
Hospitality Land Visited By $3.4M Transaction (Real Deals)
Promenade Hospitality LLC bought the 4.86-acre site in west Little Rock from Deltic Timber Corp. of El Dorado. read more >
by George Waldon -
Promenade Properties Swap Hands in $3.4M Deal
Hospitable land in west Little Rock, retail space in Jacksonville, a future tire center site in North Little Rock, furniture room in Conway and residential property in Bryant form this week’s quintet of million-dollar transactions. read more >
Lawsuit Against Stone Bank Changes Venue
If at first you don’t succeed in federal court, take your case to state court. That’s what the former chairman and one-time largest shareholder of Mountain View’s Stone Bank has done in Pulaski County Circuit Court. read more >
by George Waldon -
U.S. Judge Dismisses Stone Bank Fraud Case
A fraud conspiracy complaint filed in federal court by the former chairman and one-time largest shareholder of Stone Bank has been dismissed. read more >
by George Waldon -
Pair of Apartments Produce $60.6M Sale (Real Deals)
Affiliates of CLK Properties of Woodbury, New York, bought the 456-unit Chenal Lakes project for $38.1 million and the 256-unit Brightwaters project for $22.5 million. read more >
by George Waldon -
NLR’s Ridge Road Village Sold in $7 Million Deal
A multifamily project in North Little Rock, apartment land, a restaurant and hotel land in west Little Rock and a Heights home in Little Rock form a five-piece of multimillion-dollar transactions in Pulaski County. read more >
Col. Glenn Collison Center Registers $2.5M Sale
Time to crack open a six-pack of multimillion-dollar transactions courtesy of Pulaski County. read more >
Boutique Hotel May Open Near Promenade at Chenal
James and Terry Barnes and their Promenade Hospitality LLC bought the 3-acre site near The Promenade at Chenal with an eye toward a 2018 opening. read more >
WLR Dealership Combo Generates $10.3M Sale (Real Deals)
MAG-AR I Colonel Glenn LLC, led by Mark McLarty, purchased the 17,690-SF North Point Nissan facility at 1 Col. Glenn Plaza Drive. MAG-AR 6030 Landers Road LLC, another McLarty Auto Group affiliate, bought the 18,130-SF North Point Mazda facility at 6030 Landers Road in North Little Rock for $2.8 million. read more >
by George Waldon -
Developers Plan Staybridge Suites for Midtown Little Rock
A local partnership group called Midtown Hospitality LLC plans to invest $13 million to bring a Staybridge Suites hotel to a 2.69-acre site at University Avenue and 12th Street in Little Rock. read more >
by Alexis Crowe -
Qbot App, Built in Little Rock, Takes On Loyalty Programs
The Qbot app replaces the typical paper and plastic loyalty cards issued by thousands of companies and subsequently lost in wallets or couch cushions. read more >
by Luke Jones -
Brandon House May Be Home to New Owner
That 130,000-SF building at 1100 S. University Ave. in Little Rock that may forever be known as Brandon House is under contract. read more >