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Parth Patel

Construction / Real Estate / Restaurants & Food

$3.5M Renovation Starts at Hot Springs High-Rise, Despite Penthouse HoldoutLock Icon

Renovations are underway at the historic Medical Arts Building in Hot Springs, with plans to transform it into an Aloft hotel by Marriott. read more >
Construction / Investments / Legal

Court Case Pits Hot Springs High-Rise Owner Against Penthouse HoldoutLock Icon

Parth Patel seeks to renovate Hot Springs' historic Medical Arts Building into a hotel, but a dispute over assessment fees with penthouse owner Melanie Chambers threatens the project. read more >
Agriculture & Poultry / Banking & Finance / Construction

City of Little Rock Buys Over 800 Acres to Expand Industrial ParkLock Icon

Land to expand the Little Rock Port Industrial Park leads off this week’s installment of million-dollar real estate transactions and construction contracts. read more >
Education / Health Care / Insurance

Corey Alderdice Named Board President of the National Consortium of Secondary STEM Schools (Movers & Shakers)

He is the director of the Arkansas School for Mathematics, Sciences & the Arts. read more >
Marta Cieslak
Education / Nonprofits / Tourism

Marta Cieslak Named New Director of UALR Downtown Center (Movers & Shakers)

As director, Cieslak will develop and curate educational, community and professional programming at the university’s downtown space. read more >
The Medical Arts Building at 236 Central Ave. in Hot Springs
Tourism

Update: 15 Floors of Hot Springs’ Medical Arts Building Sell for $1.18M

Parth Patel has purchased floors 1-15 of the historic, 16-story Medical Arts Building in Hot Springs for $1.18 million and plans to open a hotel there after an extensive renovation. read more >
A former VA hospital at 300 E. Roosevelt Road in Little Rock
Construction / Government & Politics / Health Care

Dormant VA Hospital Visited by $2.7M Sale (Real Deals)Lock Icon

Princeton Place Apartments LLC, an affiliate of Pace Burt Inc. of Albany, Georgia, acquired the 11-story building at 300 E. Roosevelt Road from the Institute in Basic Life Principles Inc. of Hinsdale, Illinois. read more >
Hotel Frederica at 625 W. Capitol in Little Rock
Real Estate / Tourism

Hotel Frederica Added to Hot Springs Hospitality GroupLock Icon

The 82-room Hotel Frederica is now part of VIPA’s portfolio, which includes nine hotels, six of which are in the Spa City. read more >
Business Services / Construction / Real Estate

Residences at Riverdale Draws $16M Transaction (Real Deals)Lock Icon

The 124-unit apartment project in Little Rock’s Riverdale area was sold to an affiliate of Vukota Capital Management in Greenwood Village, Colorado. read more >
Agriculture & Poultry / Construction / Energy

Markham West Shopping Center Bought for $19MLock Icon

A retail project in west Little Rock kicks off our six-pack of million-dollar real estate transactions this week. read more >