Central Arkansas Industrial Vacancy Rate Unchanged
The vacancy rate for industrial space in central Arkansas stood at 10.2 percent in the fourth quarter, unchanged from third-quarter 2016 and down 0.9 percentage point from first-quarter 2016. “The...
View ArticleBoutique Hotel To Fill 'Opportunity Gap' at The Fields at Pinnacle
An upscale multifamily complex and a boutique hotel are heading for a Rogers development led by Chad and Monika Hatfield of Hatfield Properties. The development, which will also include office and...
View ArticleTrio of Ridout Lumber Transactions Total $4.7 Million
Three Ridout Lumber properties in central Arkansas and a west Little Rock office building are the building blocks for this week’s quartet of million-dollar transactions. • An affiliate of the Store...
View ArticleK Lofts Construction Moving Again With Funding Agreement
A new lender and a new contractor are accompanying a restart of the dormant K Lofts project in downtown Little Rock. A subsidiary of Ardent Financial of Atlanta provided a one-year funding agreement of...
View ArticleShifting Labor Rules Keep Arkansas Attorneys Busy
Arkansas labor and employment attorneys are keeping an eye on challenges to the U.S. Department of Labor’s overtime rules as well as a bill that would amend the Minimum Wage Act in Arkansas. The Labor...
View ArticleSPONSORED: Think Twice Before Being Your Own Bookkeeper
Being a small business owner these days is tough. Entrepreneurs face challenges at every turn and it requires personal investment of time, talent and treasure to be successful. Not the least of these...
View ArticleAverage US 30-Year Mortgage Rate Falls to 4.10 Percent
WASHINGTON — Long-term U.S. mortgage rates fell this week for a third straight week, approaching their low points for the year. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate...
View ArticleKansas City REIT Buys Magic Springs Theme Park
EPR Properties, a publicly traded specialty real estate investment trust based in Kansas City, Missouri, announced Thursday a deal to purchase Magic Springs Theme & Water Park in Hot Springs and to...
View ArticleMike Neil Signs On With Absolute Heat & Air (Movers & Shakers)
Mike Neil has joined Absolute Heat & Air in Springdale as a partner. He joins the company with more than 15 years of experience working for HVAC companies. Drew Laning was recently hired at Flake...
View ArticleDave & Buster's Draws $8.1M Transaction (Real Deals)
The sale-leaseback of the Dave & Buster's in Little Rock weighed in at $8.1 million. National Retail Properties Ltd. of Orlando, Florida, bought the 30,346-SF project at 10900 Bass Pro Parkway from...
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Supreme Court Justices’ Data Offers a Peek Beyond Pay
The seven justices who sit on the Arkansas Supreme Court have a wide range of business investments, from property to tower rent for a radio station. A glimpse of their income streams and business...
View ArticleCentral Arkansas Office Space Vacancy Rate at 8 Percent
The Little Rock office market experienced negative absorption of 41,210 SF during fourth-quarter 2016, primarily from departures in Class B and C office properties. The vacancy rate ended the year at 8...
View ArticleFeds Ask To Sell One Bank & Trust
A change of ownership is in motion for Little Rock’s One Bank & Trust. The U.S. government has asked for a court-ordered stock sale of controlling interest in the $305 million-asset bank.No date...
View ArticleBank Assets, Profits Up; Charters Dwindle on List of Largest Arkansas Banks
Out-of-state acquisitions by publicly traded banks pushed total assets reported by Arkansas charters up by almost 17 percent to more than $88 billion at year-end 2016. Net income reported by 101...
View ArticleChick-fil-A Coming to Pinnacle Hills in Rogers
The popular fast-food restaurant chain Chick-fil-A appears headed to a spot in the Pinnacle Hills area of Rogers. No formal plans have been submitted to the city for the development, which will be...
View ArticlePromenade at Chenal Property Purchased for $4 Million
A retail project in west Little Rock, commercial property in Sherwood, a parking lot in downtown Little Rock and two homes provide our five piece of multimillion-dollar transactions. • Beefam LLC and...
View ArticleForeclosure Suit Takes Aim at Home of Walter Quinn
A foreclosure suit recently came calling on the home of Little Rock businessman Walter Quinn. Malvern National Bank claims more than $1.2 million is outstanding on a loan secured by the Riverview Point...
View ArticleAverage 30-Year Mortgage Rate Falls to 2017 Low of 4.08 Percent
WASHINGTON — Long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year. Mortgage buyer Freddie Mac said Thursday the rate on 30-year...
View ArticleQuapaw Quarter's Patricia Blick Says Historic Preservation Can Bring Forth...
Patricia BlickExecutive Director of the Quapaw Quarter Association in Little Rock Before coming to the QQA, where she was named executive director in January, Blick was the assistant director of the...
View ArticleMedical Clinic Replaces Nichols Furniture After $3M Purchase (Real Deals)
Redevelopment of a 31,884-SF retail project in west Little Rock is in motion after a $3.03 million transaction. PTCOA Shackleford Clinic LLC, led by Dr. Meraj Siddiqui and Dr. Ronald Tilley, bought the...
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