McCain Plaza Transaction Surpasses $23 Million Mark (Real Deals)
A 296,000-SF retail project in North Little Rock tipped the scales at $23.15 million. TPP 303 NLR Plaza LLC, an affiliate of TriGate Capital LLC of Dallas, bought McCain Plaza at 4200 E. McCain Blvd....
View ArticleCentral Arkansas Retail Space Vacancy Rate Rises Slightly
The vacancy rate for retail space in central Arkansas rose slightly in the second quarter, inching up to 4.9 percent compared with 4.7 percent in the first quarter. “Don’t look for new retail...
View ArticleConway's University Park Apartments Sold in $10.2M Transaction
A 160-unit apartment project, a 57,000-SF grocery store and about 146 acres attracted a trio of seven-digit Conway transactions. ♦ An affiliate of Canyon View Capital of Santa Cruz, California, bought...
View ArticleMeet 20 In Their 20s: The New Influentials Class of 2016
As Arkansas Business writers were preparing last month’s well-received Business Icons features, we specifically asked some of the 10 to talk about what they were doing when they were in their 20s. I...
View ArticleNew Owners Plan Renovations to Fayetteville's EJ Ball Building
Specialized Real Estate Group of Fayetteville and Moses Tucker Real Estate of Little Rock announced Wednesday the purchase of the E.J. Ball Building in Fayetteville. The seven-story, nearly 58,000-SF...
View ArticleFrito-Lay Seeks Up to $150M in Bonds for Jonesboro Plant Expansion
Frito-Lay of Texas has asked the city of Jonesboro to issue industrial development revenue bonds not to exceed $150 million and enter into a payment in lieu of taxes agreement for another planned...
View ArticleKeller's Convention Center in Jonesboro to Double in Size
JONESBORO - Developers have decided to nearly double the size of a convention center to be constructed in Jonesboro. The plan now calls for 78,000 square feet of convention space, instead of 40,000...
View ArticleDeveloper Chris Moses Discloses The Pros of Working With His Family
Chris Moses, who grew up in Little Rock, worked at Moses Tucker Real Estate after college and after stints as a senior retail adviser at Healstone Investment Real Estate in Irvine, California, 2003-08,...
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Thanks A Million, Wells Fargo (Gwen Moritz Editor's Note)
That rumble you felt on Sept. 8 was not another earthquake in Oklahoma. It was the heads of thousands of community bankers hitting their desks as soon as they heard that Wells Fargo had been fined $185...
View ArticleTowne Oaks Duo Draws $10 Million Transaction (Real Deals)
The sale of two Little Rock apartment projects weighed in at $10.08 million. Andmark Towne Oaks Apartments LLC, an affiliate of the AndMark real estate investment firm of Los Angeles, bought the...
View ArticleMillennials Drive Boom in Arkansas Apartment Market
When it comes to shelter, the millennial generation has established a reputation for its lingering embrace of apartments over homeownership. The market impact of the 18-34 age group is helping drive...
View ArticleCentral Arkansas Industrial Space Vacancy Rate Falls
The vacancy rate in the industrial real estate market in central Arkansas continued its decline in the second quarter of 2016, falling to 10.1 percent compared with 11.7 percent a year ago. “The...
View ArticleChaffee Crossing Continues Growth in Fort Smith
Ivy Owen doesn’t expect any future mega announcements for Chaffee Crossing like those of the past couple of years. Owen, the executive director of the Fort Chaffee Redevelopment Authority in Fort...
View ArticlePhil Herrington Files Bankruptcy as Attorney for Oklahoma Development
Little Rock developer Philip Herrington recently filed a Chapter 11 reorganization for one of his developments in Oklahoma City. The twist in this case is that Herrington is acting as the attorney for...
View ArticleArcade Office in River Market Bought for $2.7M
Office space in downtown Little Rock, an ammo plant in Jacksonville and a Little Rock warehouse provide our trio of multimillion-dollar deals this week. ♦ Business Boy LLC, led by Roberts Lee, acquired...
View ArticleSPONSORED: Deferring Real Estate Tax Gains Can Be An Effective Tax Strategy
If you're considering selling commercial property or trading up on a second home, you should consider a like-kind exchange. A like-kind exchange under United States tax law, also known as a 1031...
View ArticleUS Home Construction Slumped in August; Big Dip in the South
WASHINGTON — Southern homebuilders pulled back on construction in August, causing the pace of housing starts nationwide to fall to their lowest level in three months. The Commerce Department says...
View ArticleRestaurant Vets Jim Keet, Louis Petit to Open Petit & Keet Bar & Grill
Little Rock restaurateur Jim Keet, owner with his family of several Taziki's Mediterranean Cafes in Arkansas, is joining forces with restaurant industry veteran Louis Petit to open Petit & Keet Bar...
View ArticleSkyline Report: New Construction, Occupancy Strong in Northwest Arkansas
The vacancy rate on commercial property in northwest Arkansas is 12.7 percent, up from 12.4 percent in the second half of 2015, according to the Arvest Bank's Skyline Reports for the first six months...
View ArticleMcLarty Automotive Plans $10M Dealership in Benton
McLarty Automotive Group on Wednesday announced plans to build a new, 30,000-SF McLarty Nissan dealership off Interstate 30 in Benton. The nearly $10 million, open-point dealership is expected to...
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