Tag: real estate

The Region’s Largest Mortgage Lenders

Arvest Bank tops the list the region’s mortgage lenders.

Developer Sues Designer Over Pea Ridge Golf Course Delay

Sugar Creek LLC, the developer of a Pea Ridge golf course, sues its designer, Jerry N. Slack & Associates Inc. of Broken Arrow, Okla., charging the costs of the project escalated because he didn?t keep a close eye on construction.

Apartment Prices Drop in Northwest Arkansas

The average Northwest Arkansas price per unit (apartments or condos) drops from $499 a month in the second quarter to $483 a month in the third quarter.

Lowell to get World Gym

Lowell will soon be the home of the largest World Gym in the world. The Benham Companies is designing the 50,000-SF facility that is being developed by Mike Charlton of Charlton Development.

First State Bank Plans Fayetteville Branch

Huntsville-chartered First State Bank of Northwest Arkansas closes its stand-alone location on East Mission Boulevard in Fayetteville.

Fayetteville and Hot Springs Lead Employment Surge as Pine Bluff Falters (Analysis)

Three state MSAs experience dismal labor market while two flourish.

R.B. Reels Remington (Real Deals)

R.B. of Springdale Inc. buys 17 building permits valued at a combined $13 million to build apartment units.

Washington County Single-Family Outlook (Analysis)

Area developers are pushing out of town to lower costs of land and homes.

Party on the Condos?

We hear a group of local real estate all stars plans to build 33 condo units adjacent to the west side of Reindl Warehouse in Fayetteville.

Fayetteville?s Courthouse Data Acquired

Courthouse Data of Fayetteville has been acquired by Data Trace LLC of Santa Barbara, Calif.

Vratsinas Pins Pinnacle Permits (Real Deals)

Vratsinas Construction Co. of Little Rock pulls $27 million worth of permits for the Pinnacle Promenade lifestyle center in Rogers, and Kinco continues its $9 million Bentonville Library construction.

Kosmos Slated for Dickson

Michael Lee Theodore plans to open Kosmos Greekafe in Fayetteville by mid-November. The 2,200-SF building at 540 W. Dickson St. was previously home to Asahi Japanese Restaurant, which closed this past summer.

Utsch Opens Joe?s Bistro

Joe and Jennifer Utsch open Joe?s Bistro in August in Fayetteville?s Fiesta Square shopping center.

Carraba?s to Open In Rogers

We hear Carrabba?s Italian Grill has signed a lease with the Pinnacle Group to build a restaurant in Rogers.

Market Forecast: Multi-family Market Healthy, Adding Units

Currently, the area multi-family market continues to be relatively healthy in comparison to year-end 2004, even with the addition of 951 units.

KCC Buys $19 Million Permit (Real Deals)

Construction on Hammons Center begins and the Fayetteville Depot sells for $3 million. Developer Tom Terminella continues work on his 760-acre Springdale Grand Valley project.

BancorpSouth Eyes NWA

BancorpSouth Bank?s planned move to Benton and Washington counties may have dropped from most people?s radar screen.

Marriot Project Gets New Owners

The Marriott has new owners. Fayetteville Hotel LLC sells its lot at CMN to Cohen Realty Inc. of Memphis and Linda and Michael Harrell of Vista Host in Houston.

Condos Create Owner Mixup

We?ve heard there?s been some confusion about exactly who is the developer of Bentonville Plaza.

May Makes Lowe’s Lot (Real Deals)

May Construction Co. buys a $12.1 million building permit to build a 136,000-SF Lowe’s home improvement store in Bentonville.

Construction starts on 7th Highlands Oncology Center

Connections: UA engineer receives $550,000 career award

Nine Riceland facilities temporarily close

Tonnage up almost 11% on the Arkansas River through May