US Homebuilder Sentiment Rises in August as Sales Improve
U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices. The National Association of Home Builders/Wells Fargo builder...
View ArticleUS Home Construction Climbed to a 6-Month High in July
WASHINGTON — Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months. The rate of overall...
View ArticleSPONSORED: New Regulations Affect Trustees Of Retirement Plans
Being a trustee of our company retirement plan reminds me of the Biblical character Job, who asked, "Where shall wisdom be found and where is the place of understanding?” Retirement plan administration...
View ArticleConstruction Starts on Hyatt Place, Convention Center in Jonesboro
Dodging rainy weather, local officials and members of the Keller Family Hyatt Group gathered at the Allen Park Community Center for a groundbreaking ceremony for the $30 million Jonesboro Hyatt Place...
View ArticleGroup Buys Legacy Hotel for $2.85M, Plans $5M in Renovations
Newly created SHG Management LLC of Sherwood recently purchased the Legacy Hotel in downtown Little Rock for $2.85 million and plans to spend another $5 million on renovations. The hotel, at 625 W....
View ArticleMike Malone Stepping Down As Northwest Arkansas Council CEO
Mike Malone announced he will leave the Northwest Arkansas Council where he has served as president and CEO of the nonprofit since 2006. Malone will stay with the council until mid-September when he...
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Traveling the Globe in Search of Jobs (Mike Preston Commentary)
Over the last year, your Arkansas Economic Development Commission has traveled almost 20,000 miles around the world searching for good-paying jobs for the people of Arkansas. It’s a reflection of the...
View ArticleCornelius Schnitzler: Air Industry Lifts Arkansas in Berlin
Cornelius Schnitzler is the director of the Arkansas Economic Development Commission office in Berlin. The office, which opened in July, is the state’s base of operations in Europe, where it aims to...
View ArticleHoliday Inn Express Sale Checks In at $5.1 Million (Real Deals)
A 69-room hotel in North Little Rock weighed in at $5.15 million. CDRN NLR LLC, led by Ishverbhai Govind, purchased the Holiday Inn Express at 4306 E. McCain Blvd. The seller is Kilpatrick Hotels Two...
View ArticleCentral Arkansas Housing Market Responds to Decline in Household Size
As homeownership in the United States and in Arkansas has declined, the nature of the housing market has changed, notes a recent report by Metroplan, the federally designated planning agency for...
View ArticleNewcomers to Northwest Arkansas Refilling Labor Pool
Northwest Arkansas isn’t going to run out of employees for its growing economy. The Arkansas Department of Workforce Services released a report in July that showed Arkansas’ seasonally adjusted...
View ArticleRecruiting Billion-Dollar Shandong Sun Paper Mill Starts With Breakfast
Mark Hamer didn’t realize serendipity was on the breakfast menu at the Ross Bridge Resort on Aug. 27, 2010. Two months into his new job as director of business development in Asia for the Arkansas...
View ArticlePort of Little Rock Seeks Room To Grow
The Port of Little Rock has a strategic and capital improvements plan and an impact statement. What it doesn’t have is land. No land, no development, and economic development is the Little Rock Port’s...
View ArticleDavid's Burgers Sets Stake in Conway Near Future Sam's Club
A David’s Burgers location and 10 houses provide a pair of $1.1 million transactions in Conway. Anchor Realty Investments LLC, led by Alan Bubbus, bought a 1.6-acre site on Amity Road in front of the...
View ArticleYellow Rocket Buys Rebsamen Property for New HQ
You may have read that Yellow Rocket Concepts of Little Rock, the powerhouse restaurant group, has bought estate sale king Roy Dudley’s property at 1311 Rebsamen Park Road in Riverdale. Dudley is...
View ArticleBank of the Ozarks Getting Ready for Groundbreaking on New HQ
Remember the new corporate headquarters development in the works for Bank of the Ozarks in west Little Rock? You know, the one we told you about in January? The $17.9 billion-asset lender acquired more...
View ArticleUS Home Sales Fell in July Amid Inventory Shortage
WASHINGTON — US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices. Sales of existing homes fell 3.2 percent last month to a seasonally...
View ArticleLRCVB Moves Ahead on Deal for Cromwell Building
The Little Rock Advertising & Promotion Commission's $3.35 million purchase of the Cromwell Building at 101 Spring St. for the Little Rock Convention & Visitors Bureau could be finalized within...
View ArticleAverage US 30-Year Mortgage Rate Unchanged at 3.43 Percent
WASHINGTON — Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers. Mortgage giant Freddie Mac said Thursday that the...
View ArticleTacos 4 Life to Open Restaurant in Little Rock
Tacos 4 Life plans to open its first location in Little Rock early next year, on an out-lot at Shackleford Crossing Shopping Center, the real estate development company Haag Brown Commercial announced...
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