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McCain Sears Site Sells for $2.3M (Real Deals)Lock Icon

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 >
Despite other stores in the company, Sears is still open for business at the Simon Property Group's McCain Mall in North Little Rock.
Construction / Industry / Real Estate / Restaurants & Food / Retail

Former Sears Redevelopment in the Works at McCain MallLock Icon

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 >
Malls are challenging their property tax assessments as market values fall.
Business Services / Real Estate

Anchor’s Away from Northwest Arkansas MallLock Icon

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 >
Park Plaza has a dozen storefront vacancies and recently lost Zoes Kitchen, a pandemic casualty. Still, the mall was far from empty on a recent Sunday, with consumers basking in sun through the mall’s signature skylights.
Business Services / Government & Politics / Investments / Real Estate / Restaurants & Food / Retail

Can Malls Shake Off the Cobwebs?Lock Icon

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 >
Raising Cane’s Chicken Fingers is the first project to come out of the ground for The District at Midtown.
Business Services / Construction / Health Care / Investments / Real Estate / Restaurants & Food / Retail / Transportation

The District at Midtown, Pinnacle Village Get Sites in OrderLock Icon

Two high-profile mixed-use developments are making their way onto the commercial scenes in central and northwest Arkansas. read more >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Business Services / Government & Politics / Investments / Legal / Media & Marketing / Real Estate / Retail / Tourism

Park Plaza at Risk in Mall Foreclosure EraLock Icon

Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse. read more >
A rendering of the Doctors Building as its new owners envision it in midtown Little Rock.
Business Services / Construction / Health Care / Investments / Real Estate

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 >
Brookstone Assisted Living Facility at 415 E. Longview St. in Fayetteville.
Agriculture & Poultry / Banking & Finance / Construction / Health Care / Investments / Real Estate / Retail / Tourism

Fayetteville Retirement Home Sells for $18M (NWA Real Deals)Lock Icon

A Virginia investment firm bought the Brookstone Assisted Living Facility in Fayetteville for $18 million. read more >
Public Companies / Retail

Sears to Open First Batch of Smaller Stores

After its journey through bankruptcy, Sears is getting ready to open its first batch of smaller stores that won't carry clothing but will focus on appliances, mattresses and home services. read more >
Despite other stores in the company, Sears is still open for business at the Simon Property Group's McCain Mall in North Little Rock.
Business Services / Public Companies / Real Estate

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 Sears Roebuck store in Hanford, Washington, circa. 1943
Education / Retail

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 >
This Kmart store at 3142 W. Sunset Ave. in Springdale, seen here in January 2016, has been closed for nearly two years.
Real Estate / Retail

Empty Kmart in Springdale Sparks LawsuitLock Icon

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 >
Public Companies / Real Estate / Retail

Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt

Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. read more >
Business Services / Construction / Government & Politics / Investments / Nonprofits / Public Companies / Retail

Big Box Stores Still Hold Value, Experts SayLock Icon

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 >
Signage at the newly opened OrthoArkansas Building reflects a pending merger that will create a 40-physician orthopedic group, the largest in Arkansas.
Construction / Health Care / Real Estate / Restaurants & Food / Retail / Tourism

Ownership Change Launches Midtown Commercial ProjectsLock Icon

Dallas developers have provided a peek at their redevelopment plans for one of Little Rock’s most prominent commercial corners. read more >
Government & Politics / Public Companies / Retail

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 >
Malls are challenging their property tax assessments as market values fall.
Government & Politics / Legal / Real Estate / Retail

As Market Values Fall, Malls Seek Lower Tax AssessmentsLock Icon

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 >
Haag Brown Principal Broker Joshua Brown speaks during Tuesday's event.
Construction / Real Estate / Restaurants & Food / Retail

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 >
Construction / Health Care / Insurance / Real Estate / Retail / Tourism

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 >
Real Estate / Retail

Sears to Sell Craftsman Tool Brand, Close 150 Stores

After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand to Stanley Black & Decker Inc. read more >