ArDot Spends Millions on Land for Cantrell Construction
Right-of-way acquisition to improve the busiest stretch of non-interstate highway in Arkansas has generated a couple of million-dollar transactions. read more >
Tagged: Real Estate
Mega Valero in North Little Rock Sold for $2.2M
This week’s parade of million-dollar real estate transactions starts in North Little Rock and ends in North Little Rock. read more >
Butcher & Pint Landlord Alleges Restaurant Used as 'Giant Piggy Bank'
Some very recognizable northwest Arkansas entrepreneurs are going to be on the receiving end of a civil lawsuit that was filed Thursday. read more >
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 >
Norman Clifton Mines Property for Hidden Value
From battered autos to bruised real estate, North Little Rock businessman Norman Clifton has made a lifelong career out of the reclamation business. read more >
Landlords, Tenants Share Boat as Bills Roll In
For landlords, reduced business activity and unemployment growth threaten to affect rent collections, either from commercial enterprises or from residential tenants. read more >
U.S. Apartment Rents Rise for Units with 1 Bedroom
The median rent for one-bedroom apartments in the United States for May rose a slight $4 a month to $1,092, while declining $7 to a median $1,347 for two-bedroom apartments. That’s according to research by Abodo, an apartment search company based in Madison, Wisconsin. read more >
The Waiting Is the Hardest Part (Gwen Moritz Editor's Note)
We may never live in a post-COVID world, just as we have not achieved a post-influenza world, but pandemic conditions will eventually end and a new normal will emerge. read more >
Multifamily Properties Positioned to Weather Uncertainty (Cole Herget Commentary)
The Arkansas multifamily sector enjoys sound fundamentals such as diversification of risk among multiple units and an ability to keep up cash flow in a recession. read more >
Hathaway Group's Stuart Mackey Predicts Faster Recovery from Recession Than '08
Stuart Mackey, the Hathaway Group’s EVP, says working from home will never completely replace traditional office settings. read more >
Slicing 600 Main Building Yields $8.8M Transaction (Real Deals)
The North Little Rock Downtown Development Board sold property to the Arkansas Automobile Dealers Association, the city of North Little Rock and Eleven-One Consortium LLC. read more >
Update: John Flake Joins Daughter's Real Estate Firm, Flake & Co.
John Flake, a long-time leader in Arkansas' commercial real estate industry, says he's "immediately" leaving Flake & Kelley Commercial of Little Rock to join his daughter's firm, Flake & Co. of Little Rock, which she founded this year. read more >
Murphy Oil to Close El Dorado Headquarters, Move to Houston
Murphy Oil Corp. will close its El Dorado headquarters office, home to 82 employees, along with an office in Canada, and consolidate its headquarters to an existing office in Houston. read more >
Tenants Wait to Take Jonesboro Mall’s Measure
While Arkansas’ phased, reopening of businesses is underway, tenants of the storm-ravaged Mall at Turtle Creek in Jonesboro are trying to figure out where their businesses are going to be. read more >
Deal Closed on Lafayette Building
Little Rock’s G&G Hospitality Group bought its piece of the historic property at 523 Louisiana St. with the intention of transforming the bottom half of the 10-story building into hotel space. read more >
Mall Giant Hit by Virus
The coronavirus pandemic is kicking Dillard’s Inc. while it’s down, says Texas A&M University Professor Venkatesh Shankar. read more >
Central Arkansas Water Finds Place in the Sun
The largest water supplier in Arkansas is hustling to get construction of its solar project rolling this summer. read more >
Simmons Bank Sells Banks, Departs Denver Metro
Simmons Bank’s exodus from Colorado will conclude with a $9 million transaction. read more >
Bank OZK Sets New Move-in Date
A new target date has been scheduled for Bank OZK staffers to begin moving into the new corporate headquarters in west Little Rock. read more >
Golden Corral, Twin Peaks Tandem Buy Tallies $6.3M (Real Deals)
An affiliate of Spirit Realty Capital in Dallas purchased the 12,258-SF Golden Corral at 5001 Warden Road in North Little Rock for $3.58 million and the 6,971-SF Twin Peaks at 10 Shackleford Drive in Little Rock for $2.79 million. read more >
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