US Construction Spending Fell 2.1% in May
U.S. construction spending fell 2.1% in May with both home building and nonresidential activity declining. read more >
Tagged: Construction
US Adds Record 4.8M Jobs in June, Unemployment Rate Falls to 11%
The U.S. unemployment falls to 11.1% as the country added a record 4.8 million jobs in June, but the COVID-19 pandemic dims the outlook for further gains. read more >
Arkansas Commercial Real Estate Pioneer Dickson Flake Dies at 81
L. Dickson Flake, the commercial real estate developer whose major projects include the 33-story Regions Center in Little Rock and J.B. Hunt Transport Services headquarters in Lowell, died Tuesday in Little Rock. He was 81. read more >
SPONSORED: Business Lessons Learned From COVID-19
We won’t know the full economic impact of COVID-19 for years to come. But we do know it won’t be business as usual. read more >
Herrick in Driver's Seat at Olsson (Movers & Shakers)
Rick Herrick has been named leader of the transportation development team at Olsson in Fayetteville. read more >
Garver Building Ownership Transfers in $10.1M Deal
Home to Garver since 2009, the 47,627-SF complex anchors the north end of North Little Rock's NorthShore Business Park. read more >
Arkansas Industries Attempt to Divine The Post-Pandemic Future
Some, like the hospitality industry, are bracing for a long, slow return to pre-COVID vitality. Others, like the energy sector, see a quicker recovery after the early swoon. Some trends seem baked into expectations, like reliance on home-based employees and the technology they use. read more >
Technology Office Project Draws $16M Transaction (Real Deals)
An affiliate of Caprocq Core REIT purchased the four-story project in west Little Rock. read more >
Jobless Claims, Depressed Economy Show Virus Damage
The number of laid-off workers seeking U.S. unemployment benefits dipped only slightly last week, and the economy shrank in the first three months of the year. read more >
Entergy Tearing Down Retired Forrest City Plant
Entergy Arkansas is tearing down a shuttered power plant in Forrest City, part of its overall modernization process, the company announced Monday. read more >
Bradford Estates Bought for $4.6M
Bradford Estates LLC, led by Ryan Aclin, Jeff Aclin and Jarod Puckett, bought its self-named 141-unit complex at 6310 Col. Glenn Road in Little Rock for nearly $4.6 million. read more >
Gearhead Outfitters Keeps On Through Coronavirus, Tornado, Discontent
Since Arkansas Business last visited with Ted Herget about the effect of the coronavirus pandemic on his Gearhead Outfitters, the company has added tornado and civil unrest to the list of challenges it has faced. read more >
The Old Normal (Gwen Moritz Editor's Note)
Since I’m not at all sure any of us have a good grasp on how much our worlds will have been changed by the pandemic, I think of this week’s list as a final snapshot of the old normal that will be valuable when it comes time to document the new normal. read more >
Largest Private Companies List Gives Snapshot of Pre-Pandemic Normalcy
The 33rd annual list of the state’s largest private companies serves as a baseline for pre-pandemic revenue. read more >
Amazon Acreage Yields $3.2M Transaction (Real Deals)
Amazon.com Services Inc. of Seattle bought the 81.78-acre tract on the southern edge of the Little Rock Port Industrial Park from the city of Little Rock. read more >
A-State's Jeong Recognized for Mechanical Engineering (Movers & Shakers)
Kwangkook “David” Jeong has been elected as a fellow at the American Society of Mechanical Engineers. read more >
Arkansas Unemployment Drops to 9.5% in May
Arkansas' seasonally adjusted unemployment rate declined to 9.5% in May from 10.8% in April, the state Department of Workforce Services reported Friday. read more >
Centennial Bank Celebrates New Branch In Riverdale
Centennial Bank held a topping out ceremony this week for its new branch in the Riverdale neighborhood of Little Rock. read more >
1.5M More Laid-Off Workers Seek Unemployment Benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work. read more >
New Forecast Shows Arkansas Economy in Better Shape Than Expected
Economist Michael Pakko says the state hasn’t been as hard-hit by the economic effects of COVID-19, and it’s so far escaped the worst of what other states have experienced. read more >
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