Benton County Lake House in $500K Lawsuit
A Benton County lake house has turned into a nightmare for a Garfield man. Kapales Properties LLC and Kevin R. Kapales said in a lawsuit filed in Benton County Circuit Court that the seller of the...
View Article$2.1M Sale Visits M.M. Cohn Building (Real Deals)
Ownership of a 62,688-SF building in downtown Little Rock shifted in a transaction valued at $2.13 million. Deep Creek LR LLC, led by Victor Pereboom of Prescott, Arizona, bought the M.M. Cohn Building...
View ArticleChad Raith Joins Mercy Northwest Arkansas (NWA Movers & Shakers)
Chad Raith was recently hired at Mercy Northwest Arkansas in Rogers as vice president of mission. He was previously an assistant professor of religion and philosophy and director of the Paradosis...
View ArticleNorthwest Arkansas Council Names Nelson Peacock CEO
The Northwest Arkansas Council named Nelson Peacock as its CEO on Tuesday. Peacock, 47, has met with staff members at the council, a private nonprofit, and will take office in July. Peacock replaces...
View ArticleUS Retail Sales Slide 0.3 Percent, Biggest Drop in 16 Months
WASHINGTON — Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy....
View ArticleHow Fed Hike Will Affect US Consumers and Overseas Economies
WASHINGTON — Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit. But most would-be home buyers needn't worry. And auto loan rates won't...
View ArticleTrump Grants Request for Disaster Assistance in Arkansas
Gov. Asa Hutchinson's office said Thursday that President Trump has granted the governor's request for a disaster declaration for the state after damage due to storms, tornadoes and flooding from April...
View ArticleFerstl Named to St. Louis Fed's Real Estate Council
James T. Ferstl of Little Rock has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis, the bank announced Thursday. Ferstl is the president of Ferstl Valuation...
View ArticleCentral Arkansas Office Sector on Slow But Positive Curve
The vacancy rate in the 14.7 million-SF Pulaski County office market stood at about 7.8 percent during the first quarter of 2017. That marked a slight increase from 7.2 percent recorded a year ago....
View ArticleCentral Arkansas Retail Holding Pattern Reflects Transitions In Market
Occupancy in the Central Arkansas retail market declined to 94.3 percent during the first quarter compared to 95.1 percent a year ago. Vacant space tracked by the Central Arkansas Commercial Data...
View ArticleActivity, Low Vacancies Add Up to Hot Industrial Little Rock Market
The vacancy rate of the Little Rock industrial market dipped to 9.6 percent in the first quarter of 2017. More than 281,000 SF of space was absorbed during the first three months of the year as tracked...
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Pulaski County’s Most Expensive Home Sales of 2016
Sales of luxury homes in Pulaski County jumped in 2016 to a number not seen since Arkansas Business began tracking them in 2004. Last year, 29 homes sold for $1 million or more, up from 20 in 2015....
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Northwest Arkansas' Most Expensive Home Sales of 2016
The number of seven-figure homes sold in Washington and Benton counties almost tripled in 2016 compared with the previous year. Twenty-seven homes in the two counties sold for $1 million or more in...
View ArticleApartments May Replace Plans for Aloft Hotel in Little Rock
Are dormant development plans for an Aloft Hotel in downtown Little Rock getting ditched in favor of apartments? Chi Hotel Group LLC is looking at the possibility of up to 96 apartments in the Boyle...
View ArticleMcCain Mall Sues David’s Burgers
McCain Mall last week sued David’s Burgers alleging the burgeoning central Arkansas burger chain failed to open a location in the North Little Rock mall as promised. The mall is seeking $447,804. It’s...
View ArticleWells Fargo Complains of Delays in Regions Center Bankruptcy
The main creditor in the Chapter 11 bankruptcy reorganization involving the 30-story Regions Center in downtown Little Rock has accused the building’s owners of dragging their feet. The owners’...
View ArticlePat Harris on The Rise of Real Estate in Northwest Arkansas
Pat Harris is the co-CEO of Coldwell Banker Harris McHaney & Faucette Real Estate of Fayetteville. Raised in Rogers, Harris became a licensed real estate agent in 1972, going on to form Harris...
View ArticleHome Prices: Luxury and Otherwise
The price of “luxury homes” in the United States rose 0.7 percent in fourth-quarter 2016 compared with the year-earlier quarter, reaching an average of $1.6 million. That’s according to Redfin, an...
View ArticleKeller Williams Market Pro Climbs to No. 2 on List of Top Residential Real...
The top 10 residential real estate agencies in Arkansas didn’t change in 2016, but there was some shuffling of position as eight of the 10 reported higher sales volume than in 2015. Memphis-based...
View ArticleInvestigations Of Dallas Firm Hit Bank Deal
Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank. Two of the three prospective buyers of an 87.3 percent...
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