Commercial Office Parks Sells for $1.88M
The five contiguous buildings that make up Commercial Office Parks in North Little Rock and offer 40,000 SF of general office space have sold for $1.88 million. read more >
Tagged: Real Estate
US Home Sales Rose 2.5% in July, Aided by Low Mortgage Rates
U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. read more >
Arkansas Business Announces CFO Finalists, Tickets Info
Arkansas Business' 2019 CFO of the Year finalists and Lifetime Achievement Award winners will be recognized at a luncheon on Thursday, Nov. 7, at the Embassy Suites in Little Rock. read more >
NABE Survey: 34% of Economists Expect Recession in 2021
A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. read more >
NLR Warehouse Near I-30 Sold for $2.8M
An office-warehouse project in North Little Rock, medical office space in west Little Rock and Conway, apartments in south Little Rock and commercial property in Sherwood form this week’s five-piece of million-dollar real estate transactions. read more >
Hidden Search of Schwyhart Assets Probes Attorney Files
The search for nearly $3.2 million from a once-secret 2013 settlement and possession of a grand home valued at $1.9 million by the Benton County assessor remain at center stage in the bankruptcy of Bill and Carolyn Schwyhart. read more >
Tandem Apartment Sales Combine for $56.5M (Real Deals)
Affiliates of B&M Management Co. of Montgomery, Alabama, bought the Stonebridge and Carrington Park apartment projects from affiliates of Philadelphia’s Independence Realty Trust. read more >
Goss Takes Senior Role at Allison + Partners (Movers & Shakers)
Sarah Goss has been promoted to partner at Allison + Partners of Little Rock. read more >
ArcBest to Move to Former Ozark Natural Foods Site
ArcBest Corp. of Fort Smith will move its northwest Arkansas operations to a leased portion of the former building occupied by Ozark Natural Foods in Fayetteville. read more >
Recent Real Estate Deals Total $2.3M
Pershing Holding LLC of Glendale, California, has purchased the 16-unit Pershing Place Apartments at 2750 W. Pershing Blvd. in North Little Rock for $720,000. read more >
Walmart Celebrates New Contact Center in Springdale
Walmart Inc. of Bentonville held a ribbon-cutting ceremony to christen its new contact center at the site of a former Sam’s Club on South Thompson Street in Springdale. read more >
In Jacksonville, A New Cornerstone for Education, Economic Development
The $74 million, 338,000-SF Jacksonville High School that opened welcoming 1,100 students gives an obvious boost to the city's education sector. But economic developers also see it as key to growing business there. read more >
Pair of WLR Apartments Sold for Combined $56.5M
The sale of west Little Rock apartment developments starts this week’s procession of million-dollar real estate transactions, followed by a Searcy hotel and three Sherwood properties. read more >
Texarkana Project Expected to Propel Downtown Growth
After a decade of hope and false starts, the revitalization of downtown Texarkana achieved a breakthrough with the sale July 31 of the historic Hotel Grim to a housing development group. read more >
Unemployment Rates Trend Lower in Arkansas
The unemployment rates in most of Arkansas’ metro areas continued to move downward or stay stable in June, with Fayetteville, Jonesboro, Little Rock and Texarkana seeing declines. read more >
Postal Purchase Delivers $2.7M Transaction (Real Deals)
An affiliate of Nationwide Postal Management Inc. purchased the 19,500-SF post office administration building at 420 Natural Resources Drive in Little Rock. read more >
Texarkana's Michael Malone Combines Efforts by Working Both Sides of the Street
Michael Malone, president and CEO of the Texarkana Chamber of Commerce since February 2016, sees plenty of cooperation in his community, where a split decision can be unanimous. read more >
USA Truck's $1,000 Profit Worth Bragging About
When a public company reports a whopping $1,000 in quarterly profits, as USA Truck Inc. of Van Buren did in late July, it isn’t really something that executives will cut out and paste on the lunchroom refrigerator. read more >
US Long-Term Mortgage Rates Fall Sharply
U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016. read more >
Governor Announces Appointments to Boards, Commissions
Gov. Asa Hutchinson on Wednesday announced the following appointments. read more >
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