Parth Patel
$3.5M Renovation Starts at Hot Springs High-Rise, Despite Penthouse Holdout
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 >
Court Case Pits Hot Springs High-Rise Owner Against Penthouse Holdout
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 >
by Mark Friedman -
City of Little Rock Buys Over 800 Acres to Expand Industrial Park
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 >
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 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 >
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 >
Dormant VA Hospital Visited by $2.7M Sale (Real Deals)
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 >
by George Waldon -
Hotel Frederica Added to Hot Springs Hospitality Group
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 >
Residences at Riverdale Draws $16M Transaction (Real Deals)
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 >
by George Waldon -
Markham West Shopping Center Bought for $19M
A retail project in west Little Rock kicks off our six-pack of million-dollar real estate transactions this week. read more >