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Scholarships for Retail Development (J. Cliff McKinney Commentary)
Most of us love it when the Razorbacks win. It is thrilling to watch a player like Darren McFadden score the decisive touchdown. A college football team like the Razorbacks depends on talented...
View ArticleTexan Buys Red Lobster In Fayetteville for $3.7M (NWA Real Deals)
A Texas investor paid nearly $3.7 million for the Red Lobster restaurant on North Shiloh Drive in Fayetteville. Vera LLC of Plano, led by Venkat Sirimalle, bought the property from VEREIT Inc., of...
View ArticlePair of Apartments Produce $60.6M Sale (Real Deals)
Tandem sales of Little Rock apartments added up to $60.6 million. Chenal Lakes Owner LLC and Brightwaters Owner LLC, affiliates of CLK Properties of Woodbury, New York, bought the 456-unit Chenal Lakes...
View ArticleFirst Security Bank Muscles Into Russellville
Two Arkansas banks have added to their inventory of brick-and-mortar locations during the first quarter and two more have new branches in the works. First Security Bank of Searcy expanded its...
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Majestic Fire Prompts Splash of Hot Springs Development
The fire that destroyed the historic Majestic Hotel in Hot Springs three years ago helped prompt a wave of development in the downtown district. After the fire that burned much of the vacant Majestic,...
View ArticleGateway Town Center Goes Westward
Commercial projects topping $21 million are beginning to come out of the ground at Little Rock’s Gateway Town Center. Construction of the $3 million Creek Plaza is expected to begin in early April....
View ArticleZombies Beware: Pine Bluff Is Rising
Highland Pellets founder Tom Reilley’s first impression of downtown Pine Bluff three years ago was an indelible sight: a tree growing through the roof of a dilapidated grand hotel. The tree was a pine;...
View ArticleDavid's Burgers in Maumelle Sells for $1.4 Million
The sales of an 8,876-SF manor near Roland, 9,364-SF office-eatery project in Maumelle, a 29,800-SF warehouse complex in Little Rock and an 11,125-SF office complex in west Little Rock each topped the...
View ArticleRoles Shift in Golden Bankruptcy
The early stages of the Chapter 7 bankruptcy of Lex and Ellen Golden have had a revolving door quality. U.S. Bankruptcy Judge Phyllis Jones stepped down as the presiding judge in the Little Rock...
View ArticleHighland Pellets Haggling Over New Plant Site
Hopes for a new wood pellet plant between Stephens and Camden are in the balance as the decision-making scale toggles between Arkansas and Mississippi. Thomas Reilley, the founder of Highland Pellets...
View ArticleRetail Space Vacancy Rate Rises in Central Arkansas
The vacancy rate for retail space in central Arkansas rose in the fourth quarter of 2016 to 5.4 percent, compared with 4.8 percent in third-quarter 2016. “During the fourth quarter of 2016, Lewis...
View ArticleNorthwest Arkansas Brokers Help Businesses Have Say in Designing the Office
The Clorox Company didn’t find the Vista 21 building by luck or accident. The consumer product company of Oakland, California, researched and planned for two years before moving its Bentonville branch...
View ArticleConway Booms, Setting Retail Records
Commercial development is thriving in Conway, evidenced by the nearly complete $65 million Lewis Crossing shopping center and plans for a startup space the city hopes will attract new and existing...
View ArticleUS Consumer Confidence Hits 16-Year High
WASHINGTON — U.S. consumer confidence climbed to its highest level in more than 16 years, a strong gain for one of President Donald Trump's preferred economic indicators. The Conference Board said...
View ArticleUS Home Prices Rose in January by Most Since July 2014
WASHINGTON — U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 ½ years, as a tight supply of houses for sale spurred bidding wars in many cities. The Standard &...
View ArticleContracts to Buy US Homes Hit Highest Level Since April
WASHINGTON — More people signed contracts to buy U.S. homes last month as warm weather and rising confidence appeared to encourage consumers to look for houses. The National Association of Realtors...
View ArticleAcxiom Moves Toward Creative Corridor Offices
Acxiom Corp. signed a lease this week for 11,215 SF of office space in downtown Little Rock's Creative Corridor. Acxiom will occupy the remaining space in the 301 Main St. building: 4,487 SF on the...
View ArticleDWS Director Daryl Bassett on Why Land of Opportunity Needs More Workers To...
Before being named director of the Department of Workforce Services, Daryl Bassett served as director of Business & Commercial Services at the Arkansas secretary of state’s office. Before that, he...
View ArticleHergets Give Heights Icon New Chance
The venerable Terry’s Finer Foods in the Heights lives now as the Heights Corner Market, a rebirth greeted with relief by all who relied on Terry’s for great meat, seafood, desserts and its selection...
View ArticleRidge Road Village Draws $7M Transaction (Real Deals)
An 80-unit apartment project in North Little Rock tipped the scales at $7.05 million. 4748 Ridge Road LLC, an affiliate of New York’s Dwight Capital, acquired Ridge Road Village Apartments from Ridge...
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