Memory Care Facility Visited by $14M Sale (Real Deals)
A 74-bed assisted living center in west Little Rock weighed in at $14.07 million. MHI Little Rock Ltd., an affiliate of Mainstreet Health Investments of Carmel, Indiana, bought the 43,988-SF Memory...
View ArticleSmitty's Garage May Pull Into Rogers
Smitty’s Garage, a burger and beer restaurant, is looking to expand in Arkansas and it looks like Rogers will be the destination. Smitty’s has 14 locations, primarily in Oklahoma. Smitty’s is a part of...
View ArticleDave & Buster's Property Sold for $8.1 Million
A trio of west Little Rock properties have come together for this week’s multimillion-dollar transactions. • Dave & Busters of Arkansas Inc. sold its project at 10900 Bass Pro Parkway for $8.1...
View ArticleBrazil Beef Scandal Leaves Fewer Options for Global Buyers
CHICAGO — Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil's meat sector because supply constraints and politics are already limiting...
View ArticleApplications for US Jobless Aid Rise to Still-Low 258K
WASHINGTON — More people sought U.S. unemployment benefits last week, but applications are still at a low level that points to a healthy job market. THE NUMBERS: Weekly unemployment benefit...
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 Cole REIT Advisors...
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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 ArticleHomer’s Restaurant Family Feud Heats Up
The dispute involving the children of Homer’s Restaurant founder Homer Connell has escalated, with allegations that Katrina Connell Vaughn, trustee of two family trusts, misappropriated money and used...
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 ArticleSPONSORED: 'Old School’ RSVP Catering Rolls With Changing Times
Asked what’s kept RSVP Catering open for decades in the highly competitive catering business, owner Yolanda Hughes has a ready answer: In this highly-specialized, rapidly changing industry, it's often...
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 Consumer Spending Up Tiny 0.1 Percent in February
WASHINGTON — U.S. consumers increased their spending at the weakest pace in six months, while the 12-month rise in consumer prices was the largest in nearly five years. Consumer spending edged up 0.1...
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...
View ArticleCore Brewing Adds Fayetteville Pub
Core Brewing & Distillery Co. of Springdale is making progress on its second location in Fayetteville, having applied with the state for a license for a microbrewery restaurant. The new pub will be...
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At War With Information (Gwen Moritz Editor's Note)
Last week we had the names of the three Hot Springs businessmen in the wrong order in the caption on a front-page photo. I could explain to you (because I investigated) the innocent path to an...
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