Sears
McCain Sears Site Sells for $2.3M (Real Deals)
Anchor Realty Investments LLC, led by Alan and Jessica Bubbus, purchased the land and the 159,000-SF former Sears store at 3929 McCain Blvd. read more >
by George Waldon -
Former Sears Redevelopment in the Works at McCain Mall
The project is in the planning stages after a recent $2.3 million purchase by Anchor Realty Investments LLC, led by Alan and Jessica Bubbus. read more >
Anchor’s Away from Northwest Arkansas Mall
Anchor planned to use 55,000 SF of the 137,000-SF former Sears site at the mall, but the COVID-19 pandemic squashed those grand plans. read more >
Can Malls Shake Off the Cobwebs?
A Jonesboro real estate broker is among those who sees a potential for malls transforming after the pandemic, with a silver lining possibly being local stores taking over chain space. read more >
by Kyle Massey -
The District at Midtown, Pinnacle Village Get Sites in Order
Two high-profile mixed-use developments are making their way onto the commercial scenes in central and northwest Arkansas. read more >
by George Waldon -
Park Plaza at Risk in Mall Foreclosure Era
Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse. read more >
by Mark Friedman -
Doctors Building Getting Some Work Done
A new all-Arkansas ownership and management team has a 21st-century vision for one of Little Rock’s history-making medical buildings, the 1962-vintage Doctors Building in midtown. read more >
by Kyle Massey -
Fayetteville Retirement Home Sells for $18M (NWA Real Deals)
A Virginia investment firm bought the Brookstone Assisted Living Facility in Fayetteville for $18 million. read more >
by Marty Cook -
Malls See Rebound
The International Council of Shopping Centers forecasts a busy holiday season, with 84 percent of U.S. shoppers visiting a mall or shopping center during the holidays, according to its Oct. 4 news release. read more >
A Poor Man Rejoices (Gwen Moritz Editor’s Note)
My father was a keen observer of human nature and a gifted storyteller, and he’s been on my mind more than usual as the 13th anniversary of his death approaches. Recent news items as disparate as the bankruptcy of Sears Holdings, rising interest rates and Elizabeth Warren’s DNA have all made me teary. read more >
by Gwen Moritz -
Empty Kmart in Springdale Sparks Lawsuit
The owners of Springdale property that was the site of a Kmart on Sunset Avenue filed suit against Sears Holdings Corp. in Washington County Circuit Court in late September. read more >
Big Box Stores Still Hold Value, Experts Say
When big-box tenants look for space, there's ample competition for the same handful of properties, due to increasing costs of construction and property. read more >
by Marty Cook -
Ownership Change Launches Midtown Commercial Projects
Dallas developers have provided a peek at their redevelopment plans for one of Little Rock’s most prominent commercial corners. read more >
by George Waldon -
Where Politicians Fear to Tread (Editorial)
A curious shift (one of many) has taken place in American politics in the past couple of years. Corporate America has begun taking the lead on political issues. read more >
As Market Values Fall, Malls Seek Lower Tax Assessments
Two Arkansas malls are challenging their 2017 property assessments, saying they are millions of dollars too high, a move that could become a trend as market values fall for malls and department stores struggling to attract shoppers. read more >
by Mark Friedman -
New Development Set for Jonesboro’s Caraway-Highland Intersection
Discount retailer Bargain Hunt will occupy 27,490 SF at the Highland Square Shopping Center in Jonesboro beginning in the spring. The space formerly housed Kmart, which closed at the end of last year. read more >
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Midtown Transaction Reaches $44 Million (Real Deals)
The five-building, 30-acre development at the northwest corner of Interstate 630 and University Avenue in Little Rock was sold to Little Rock Midtown Ltd., an affiliate of Provident Realty Advisors Inc. of Dallas. read more >
by George Waldon -
Sears Staying at Northwest Arkansas Mall
Fayetteville’s Sears is safe, despite rumors that the retailer is closing underperforming stores. read more >
Sears Could Leave Longtime University Location
Sears, a fixture at the corner of University Avenue and Interstate 630 since 1969, may not see its lease renewed in 2017. read more >
Wal-Mart at 50: A Not-So-Short History Of the World’s Largest Retailer
The lessons Sam Walton learned during those early, successful years of Wal-Mart allowed him to build the most successful retail chain in history. And just like the times that he took his planes up to search for potential Wal-Mart sites, it was Mr. Sam himself who was behind the stick, deciding which direction to go. read more >
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