Arkansas Business articles from October 2005

Arkansas Business archives from October 2005

AFCU head plans to triple assets: CEO Larry Biernacki's speciality is 'point-of-sale' financing.(Banking & Finance)
October 3, 2005... ATTENTION, RETAIL bankers: If Arkansas Federal Credit Union has been a burr in your saddle, get ready for a full-blown blister. Walter L. "Larry" Biernacki, who succeeded Hank Klein as president and CEO in June, came from a credit union in...

Pocahontas Bancorp tries to find its way: thrift endures growing pains, underperformance doldrums.(Banking & Finance)
October 3, 2005... IF DWAYNE POWELL enjoyed a fiscal honeymoon after he became the youngest CEO of an Arkansas public company, it didn't last long. Pocahontas Bancorp Inc. has charted a meandering course since his promotion from chief financial officer to...

Alltel weighs its options for future.
October 3, 2005... THE THIN LINE BETWEEN TARGETING acquisitions and being an acquisition target might get thinner for Little Rock's Alltel Corp. The telecom company's wireless business could be in a better position to grow and further consolidate the wireless...

First team transaction.(First Team Bank sale to First Arkansas Bancshares Inc)(Brief Article)
October 3, 2005... Remember the sale of First Team Bank in Heber Springs to First Arkansas Bancshares Inc. of Jacksonville? Controlling interest amounted to about $48.8 million. The $207 million-asset lender; once known as The Cleburue County Bank,...

Ownership split.(First Arkansas Bank & Trust shareholders)(Brief Article)
October 3, 2005... So, who owns First Arkansas Bancshares, the holding company of First Arkansas Bank & Trust in Jacksonville? Well, since you asked: That would be members of the Wilson family. More specifically: Kenneth Pat Wilson Annual Gift Trust, 31...

Hunting sale collapse.(Whispers)
October 3, 2005... You may have heard that Daniel Barnett is suing Hebert Kohler Jr., the president of Kohler Co. of Kohler; Wis., over the collapse of the $9.075 million sale of the Wildlife Farms Inc. in Arkansas County. But you may not have known that...

Hunting collapse part 2.(Kohler attroney fee case)(Brief Article)
October 3, 2005... More legal woes might continue for Kohler. The closing agent, attorney David Hargis of Little Rock, now wants a judge to hold Kohler's $907,550 down-payment in a court-appointed account while various parties fight over it. Hargis has...

Four.(Jerry Pate Vs Central Flying Service Inc)(Brief Article)
October 3, 2005... Professional golfer Jerry Pate said he found himself in a sand trap after dealing with Central Flying Service Inc. of Little Rock. Pate, who won the 1976 U.S. Open Championship, said he wanted to sell his 1980 Beechcraft King Air 200 for...

Bill hike.(Take A Hike outdoors store bill payment to Hart-Lazenby Construction case)(Brief Article)
October 3, 2005... It seems like the owner of the old Take A Hike outdoors store at 400 N. Bowman Road, didn't exactly just ride happily off into the sunset after closing the store last month. Frank Barton, founder and previous owner of the store, suddenly...

High-dollar homes.(Little Rock's Valley Falls Estates mansion sales)(Brief Article)
October 3, 2005... A pair of residential properties in Little Rock topped the $1 million mark. John and Timothy Olaimey purchased a 6,700-SF mansion in west Little Rock's Valley Falls Estates for $2.2 million. The sellers were Rick and Deanna Ferguson....

That latest gambling plan.(Editorial)
October 3, 2005... ODDS ARE THAT NO OTHER state comes close to Arkansas when it comes to coming up with really stupid gambling ideas. The latest proposal approved for the sponsor to begin collecting petitions is equally as odious as the old Arkansas Casino...

Why renovate?(Letter)(Letter to the Editor)
October 3, 2005... I would like to point out a misconception in Tara Muck's Sept. 12 article in Arkansas Business, which begins with the statement, "Renovating an old building can cost twice as much as tearing it down and building a new one in its place. So why...

Trophies of the heart.(Commentary)
October 3, 2005... LEGENDS RANCH IS THE KIN of place that knocks the wind out of you and then breathes it back in again. A luxury resort 66 miles north of Grand Rapids, Mich., Legends is 3,000-plus acres of green and blue paradise for whitetail deer and their...

Questions and answers.(On Leadership)
October 3, 2005... AS BUSINESSPEOPLE, WE LOVE the certainty and closure of answers. Answers end debate and allow us to act. Questions, on the other hand, are messy things that complicate our lives, delaying our projects and plans. Especially in "hit-the-beach"...

The residences to offer river views, 12 condos.(REAL ESTATE)
October 3, 2005... A Little Rock developer planning The Residences at Building 5 near the DoubleTree Hotel said four of the 1,350-SF to 6,264-SF condominiums are spoken for and that he expects to have other spaces sold by the end of October. Brad Canada and...

Acxiom inks 10-year deal to manage company's data.(TECHNOLOGY & COMPUTERS)
October 3, 2005... Acxiom Corp. has announced a 10-year, multimillion-dollar deal to manage the technology infrastructure of NDCHealth's information management business unit. NDCHealth of Atlanta said it will use Acxiom's grid-enabled information management...

Report: Wal-Mart considers bid for Tommy Hilfiger.(RETAIL)
October 3, 2005... Wal-Mart Stores Inc. is considering making a bid for struggling clothing manufacturer Tommy Hilfiger Corp., according to Women's Wear Daily. The New York newspaper, which covers the fashion industry, reported that unnamed "financial and...

Wal-Mart buys stake in Central American firm.(Inside Business)
October 3, 2005... Wal-Mart Stores Inc. will buy a 33.3 percent stake in Central American Retail Holding Co. for an undisclosed price from Dutch retailer Royal Ahold NV. Wal-Mart will make additional investments in CARHCO over time toward getting a majority stake...

Standard mileage rate gets temporary boost.(GOVERNMENT)
October 3, 2005... The Internal Revenue Service announced an increase to the optional standard mileage rates for the final four months of 2005, due to climbing fuel prices. The rate will increase to 48.5 cents a mile for all business miles driven between...

Airlines change flights after bankruptcy filings.(TRANSPORTATION)
October 3, 2005... Delta Air Lines Inc. and Northwest Airlines Corp., both of which recently filed Chapter 11 bankruptcy, have an-nounced schedule changes at Little Rock National Airport. Little Rock National Airport officials initially reported that the...

First Security to add 12 branches, new markets.(Brief Article)
October 3, 2005... First Security Bank of Searcy will open 12 new bank branches in central and northern Arkansas, bringing its total number of bran-ches to 60 and entering five new markets. The bank will begin construction on or open the branches over the...

Business Hall of Fame inductees announced.(INSIDE BUSINESS)
October 3, 2005... The Sam M. Walton College of Business at the University of Arkansas at Fayetteville has announced its 2006 inductees for its Arkansas Business Hall of Fame. This year's group: * Frank Hickingbotham, founder and former chairman of TCBY...

Potlatch Corp. plans to Switch to REIT.(FORESTRY)
October 3, 2005... Potlatch Corp. of Spokane, Wash., the fifth largest forest products company in Arkansas with more than 900 employees, plans to convert to a real estate investment trust in January. By taking advantage of a REIT's tax benefits, the company...

Signature sets sights on Siloam Springs.(NW Journal: NORTHWEST ARKANSAS STAFF: A Look at News From Northwest Arkansas)
October 3, 2005... Signature Bank of Arkansas has hired three longtime Siloam Springs bankers to run its operations in that city. Tim McCord, former executive vice president and market manager for Liberty Bank of Arkansas, will serve as Signature's Siloam...

Buffalo Wild Wings planned for CMN.(NW Journal: NORTHWEST ARKANSAS STAFF: A Look at News From Northwest Arkansas)
October 3, 2005... B&K Wings LLC plans to open a Buffalo Wild Wings restaurant in Fayetteville's CMN Business Park around Nov. 1. John Bliss, a partner with B&K, said the 7,000-SF restaurant will open at 32 W. Joyce Blvd. The building also houses a Party City...

Rogers retriever makes 'Big Air' elite.(NW Journal: NORTHWEST ARKANSAS STAFF: A Look at News From Northwest Arkansas)(Brief Article)
October 3, 2005... Tim Ross' black Labrador retriever; Raven, used to jump up and down until she bonked her head on the roof of her kennel. So the owner of Rogers' White River Retrievers put that talent to use. WRR is a breeding, training and boarding...

Gov. Mike Huckabee said that on Jan. 1, 2007, he will begin work "part time" at Ouachita Baptist University at Arkadelphia as director for the Center for Education & Public Policy.(BUSINESS BRIEFS)
October 3, 2005... * Gov. Mike Huckabee said that on Jan. 1, 2007, he will begin work "part time" at Ouachita Baptist University at Arkadelphia as director for the Center for Education & Public Policy. He did not rule out a run for president of the United States....

U.S. Army Corps of Engineers.(BUSINESS BRIEFS)
October 3, 2005... * The U.S. Army Corps of Engineers has approved the deepening of the Arkansas River navigation channel from 9 feet to 12 feet at a cost of $166 million. The four-year; federally funded project will enable more consistent commerce and bring $22...

The annual air show at Little Rock Air Force Base will be held Oct. 8-9.(BUSINESS BRIEFS)
October 3, 2005... * The annual air show at Little Rock Air Force Base will be held Oct. 8-9. The show, marking the 50th anniversary of the base, will be the biggest in the base's history, according to organizers. The Air Force Thunderbirds demonstration team is...

Cynthia L. Conger of Little Rock has been named to Worth magazine's list of the nation's "Top 100 Wealth Advisors".(BUSINESS BRIEFS)
October 3, 2005... * Cynthia L. Conger of Little Rock has been named to Worth magazine's list of the nation's "Top 100 Wealth Advisors" The list is in the October issue. She's the only Arkansas adviser to make the list.

U.S. Sen. Mark Pryor, D-Ark., won Senate approval of an amendment to bar the closing of Farm Service Agency offices until a review can be done to see if the closings would be cost effective and improve services to farmers.(BUSINESS BRIEFS)
October 3, 2005... * U.S. Sen. Mark Pryor, D-Ark., won Senate approval of an amendment to bar the closing of Farm Service Agency offices until a review can be done to see if the closings would be cost effective and improve services to farmers. The U.S. Department...

With the hiring of ThermoEnergy Corp. board member Andrew T. Melton as chief financial officer of the Little Rock company, the board elected Ian A. Bowles, 39, to fill the vacancy until the company's 2006 annual meeting or until his successor is elected and duly qualified.(BUSINESS BRIEFS)
October 3, 2005... * With the hiring of ThermoEnergy Corp. board member Andrew T. Melton as chief financial officer of the Little Rock company, the board elected Ian A. Bowles, 39, to fill the vacancy until the company's 2006 annual meeting or until his successor...

The Arkansas Delta region had been chosen as one of two rural pilot regions to participate in the Rural Heritage Development Initiative.(BUSINESS BRIEFS)
October 3, 2005... * The Arkansas Delta region had been chosen as one of two rural pilot regions to participate in the Rural Heritage Development Initiative, a new National Trust for Historic Preservation program that will work to start preservation-based...

Bank of America Charitable Foundation has given the Arkansas Foodbank Network $25,000 to aid hurricane victims in Arkansas.(BUSINESS BRIEFS)
October 3, 2005... * Bank of America Charitable Foundation has given the Arkansas Foodbank Network $25,000 to aid hurricane victims in Arkansas. The Arkansas Foodbank Network is one of five non-national organizations chosen by the foundation. Since Hurricane...

W.M. Lloyd Co. Investments of Little Rock has moved to a new office at 225 S. Pulaski, Suite 200.(BUSINESS BRIEFS)
October 3, 2005... * W.M. Lloyd Co. Investments of Little Rock has moved to a new office at 225 S. Pulaski, Suite 200. An open house will be held from 4-7 p.m. on Nov. 3. The telephone and fax numbers remain the same.

The Arkansas State Chamber of Commerce/Associated Industries of Arkansas will hold its 77th annual meeting Oct. 25- 26 at the Arlington Resort Hotel & Spa in Hot Springs.(BUSINESS BRIEFS)
October 3, 2005... * The Arkansas State Chamber of Commerce/Associated Industries of Arkansas will hold its 77th annual meeting Oct. 25-26 at the Arlington Resort Hotel & Spa in Hot Springs. Cost for members is $150. For more information, call Jeff Thatcher or...

The Arkansas Farm Bureau and the Arkansas State Chamber of Commerce/Associated Industries of Arkansas are sponsoring a two-day seminar.(BUSINESS BRIEFS)
October 3, 2005... * The Arkansas Farm Bureau and the Arkansas State Chamber of Commerce/Associated Industries of Arkansas are sponsoring a two-day seminar, "How to Win an Election," Nov. 15-16 at the Little Rock Metro Center Hilton. The event is open only to...

The Arkansas State Treasury has chosen Edgewater Technology Inc.(BUSINESS BRIEFS)
October 3, 2005... * The Arkansas State Treasury has chosen Edgewater Technology Inc. of Wakefield, Mass., a technology management consulting firm, to analyze treasury operations and recommend process improvements that will make the treasury more efficient while...

The Horace C. Cabe Foundation has given a $25,000 grant to the Hot Springs Documentary Film Institute.(BUSINESS BRIEFS)
October 3, 2005... * The Horace C. Cabe Foundation has given a $25,000 grant to the Hot Springs Documentary Film Institute. It will be used for advertising and marketing of the 2005 Hot Springs Documentary Film Festival, which is scheduled for Oct. 21-30 at the...

Tommy Robinson, former congressman and former Pulaski County sheriff, has been declared bankrupt, along with his wife, Carolyn Robinson.(BUSINESS BRIEFS)
October 3, 2005... * Tommy Robinson, former congressman and former Pulaski County sheriff, has been declared bankrupt, along with his wife, Carolyn Robinson. The Robinsons owe more than $6 million, which wasn't being repaid. U.S. Bank-ruptcy Judge James G. Mixon...

Jim Pickens of Little Rock, the former director of the Arkansas Department of Economic Development.(BUSINESS BRIEFS)
October 3, 2005... * Jim Pickens of Little Rock, the former director of the Arkansas Department of Economic Development, has been appointed to fill new state Agriculture Commissioner Richard Bell's term on the board of trustees of Arkansas State University at...

Resort creates 'legendary' experience: big corporations help make whitetail wishes come true.
October 3, 2005... BITELY, MICH. -- A G3 CORporate Learjet dropped out of the clouds Sept. 1 to pick up Christopher Price at the Springdale Municipal Airport. Little more than an hour later, Price's party descended for a dream whitetail deer hunt at Legends...

Price keeps aim on life.(Christopher Price objectives as physically disabled)
October 3, 2005... WHEN CHRISTOPHER PRICE WAS BORN with spina bifida, doctors said he wouldn't live three years. Part of his spine actually protruded through his back. Price, 15, has undergone 13 operations and he still gets severe headaches from a lingering...

State's tax structure hinders gain from new gas activity.
October 3, 2005... NATURAL GAS PRICES HAVE risen to near record levels and are expected to continue to climb this winter. Those rising prices, while not good for consumers, are good for producers, who have increased drilling activity in western and northern...

Big-time hedger.(Banking & Finance)
October 3, 2005... REPEATED EFFORTS TO INterview Jeffrey Gendell, the leading outside shareholder in Poca-hontas Bancorp, were as unsuccessful as attempts to talk with CEO Dwayne Powell. The 45-year-old fund manager of Tontine Partners in Greenwich, Conn.,...

Fort Smith businessmen challenge overdraft fees as usurious.(Banking & Finance)
October 3, 2005... TWO FORT SMITH BUSINESSmen are going to court to determine if the overdraft fees they paid the Bank of Arkansas were usurious. Lance Beaty and Stephen Nelson said the bank was supposed to use a "sweep" account, in which the daily deposits...

Priority Bank's ROE exceeds 50%, but expansion will be drag.(List Overview)
October 3, 2005... PRIORITY BANK OF OZARK, a 12-year-old thrift chartered in 1993, topped the list of Arkansas-chartered financial institutions ranked by return on equity for calendar year 2004. According to the Federal Deposit Insurance Corp., the one-office...

Arkansas business list: largest banks.(Banking & Finance)(Illustration)
October 3, 2005... Arkansas Business List: Largest Banks Ranked by return on equity for 2004 Institution Address Total Assets Telephone ROE Total Deposits 1 ...

New businesses: a listing of business start-ups in Arkansas.
October 3, 2005... SOLEMATES Owners: Beverly and Shelly Steed Address: 5501 Kavanaugh Blvd., Suite I, Little Rock 72207 Phone: (501) 660-7853 Hours: 10 a.m.-6 p.m. Monday-Friday, 10 a.m.-5 p.m. Saturday Startup: Sept. 7 E-mail: soulmatesboutique@sbcglobal.com ...

Calendar.(Calendar)
October 3, 2005... OCTOBER * 5--Henderson State University Fall 2006 All Majors Carreer Fair Time: 10 a.m.-2 p.m. Location: HSU, Garrison Activity Center, Arkadelphia For more information, call (870) 230-5442. * 6--Are We Having Fun Yet?...

Cromwell Architects Engineers.(ARCHITECTURE)
October 3, 2005... Aaron Scott has joined Cromwell Architects Engineers of Little Rock as an intern architect. Scott comes to Cromwell via Taggart Foster Currence Gray Architects Inc. in North Little Rock.

Reach-Solutions.(BUSINESS SERVICES)
October 3, 2005... John McAtee has joined the consulting staff of Reach-Solutions of Little Rock. McAtee has worked and trained personnel in the design and development of accounting systems.

May Construction Co.(CONSTRUCTION)
October 3, 2005... Ron Lazenby has joined May Construction Co. of Little Rock as senior project manager. Harlon "Buddy" Suttle has been hired as chief estimator. Aaron Gaylor has joined the multifamily division as a project manager. John Zieba and John Shaw...

Hydco Inc.(CONSTRUCTION)
October 3, 2005... Jimmy R. Boze has joined Hydco Inc. of North Little Rock as financial building sales specialist. Boze was previously president and CEO of Liberty Bank of Arkansas in Siloam Springs.

Southern Arkansas University Foundation.(EDUCATION)
October 3, 2005... Mary Harsh, Jeanne Bowman and Mark Dixon have joined the board of directors for the Southern Arkansas University Foundation in Magnolia.

University of Arkansas for Medical Sciences.(Dr. Graham E Greene to take the university chair)(Dr. Paul M. Spring appointed as associate professor)(Brief Article)
October 3, 2005... Dr. Graham E Greene was invested as the recipient of the Robert Woods Bass Chair in Genitourinary Oncology at the University of Arkansas for Medical Sciences in Little Rock. Dr. Paul M. Spring has joined the university as associate professor...

Hendrix College.(EDUCATION)
October 3, 2005... Irmina Fabricio has joined Hendrix College in Conway as instructor of Spanish. Karen Fannin has joined the college as assistant professor of music, Anne Goldberg as assistant professor of anthropology, Jennifer Penner as assistant professor of...

Bank of America.(FINANCIAL SERVICES)
October 3, 2005... Ken Lumley has joined Bank of America as a mortgage account executive in the central Arkansas market. Lumley previously was with National Bank of Arkansas Mortgage Group of North Little Rock as a loan originator.

American Home Mortgage.(FINANCIAL SERVICES)
October 3, 2005... Kathy K. McClure has joined the Bentonville team of American Home Mortgage of Melville, N.Y., as a branch manager. Jason Van Dyke and Jonathan Rushing have joined as loan officers.

Simmons First National Corp.(FINANCIAL SERVICES)
October 3, 2005... W. Scott McGeorge has been named to the board of directors of Simmons First National Corp. of Pine Bluff. McGeorge is president of Pine Bluff Sand & Gravel Co., senior vice president of McGeorge Contracting Co. and vice president of Cornerstone...

UBS Financial Services.(FINANCIAL SERVICES)
October 3, 2005... Herb Lair has joined UBS Financial Services of New York as a financial adviser. Lair, who will work in the company's Little Rock office, has 30 years of experience in business development and financial management.

Petit Jean State Bank.(FINANCIAL SERVICES)
October 3, 2005... Gregory W. Eby has been promoted to senior vice president of lending at Petit Jean State Bank in Morrilton. Eby has been a loan officer with the bank for the past three years.

Bank of the Ozarks.(FINANCIAL SERVICES)
October 3, 2005... Diane Hilburn has been promoted to executive vice president of human resources at Bank of the Ozarks of Little Rock. Hilburn, who has been with the bank for more than seven years, will continue to work out of the bank's headquarters on Chenal...

Morgan Keegan & Co. Inc.(FINANCIAL SERVICES)
October 3, 2005... Ronald M. Pyle has joined Morgan Keegan & Co. Inc. of Memphis as a managing director of its Fixed Income Banking division. Pyle, a 33-year veteran of the municipal bond industry, will work from the firm's Memphis and Little Rock offices.

Stock summary.
October 3, 2005... STOCK SUMMARY 9/29/05 Weekly YTD Arkansas Public Company Stocks Close Change Change Arkansas Public Company Stocks Close Change Change Acxiom Corp. (ACXM)...

Belt boys.(Outtakes: An Inside Look Into Arkansas Media)
October 3, 2005... After resigning as CEO of the state's largest advertising firm, Cranford Johnson Robinson Woods, late last year, Frank Cox is raining a new advertising format with a company he recently bought into. We reported as much in last week's...

Sign of the times.(The Times of North Little Rock and Maumelle Monitor sales)(Brief Article)
October 3, 2005... Kitty and Dave Chism, the editing and publishing duo that owned and ran The Times of North Little Rock and the Maumelle Monitor, have decided to call it quits after selling both papers last week to Stephens Media Group. The Times was named...

You Cannes do it.(Outtakes: An Inside Look Into Arkansas Media)
October 3, 2005... The state's second-largest advertising agency, Stone Ward, recently picked up an international honor that no other agency in Arkansas has ever received. The Cannes Lions International Advertising Festival, held in June in Cannes, France,...

Arkansas Icon.(Icon Marketing Communications acquired by Bozell and Jacobs Inc.)(Brief Article)
October 3, 2005... Icon Marketing Communications, a small, privately held ad firm based in Little Rock, has been bought by Bozell & Jacobs LLC of Omaha, Neb. Bozell & Jacobs, which was founded more than 80 years ago, is an employee-owned firm that was at one...

Downtown condo craze goes mondo: 400 more announced units will test limits of Little Rock Market.
October 10, 2005... IF ANYONE IS CONCERNED there just aren't enough condominiums in downtown Little Rock/North Little Rock, worry no more. At least 400 condos are on the drawing board or under construction, with the first batch of new units arriving in 2006....

State seeks Medicaid waiver for employee groups: as number of uninsured rises, patient advocates seek creative solutions.(Insurance)
October 10, 2005... KEVIN RYAN FEARS THE rising number of uninsured Arkansans could wreak havoc on the state's health care industry. "The (industry) could be so stressed that it really does present an issue for all of us," said Ryan, associate director of the...

Walgreens continues march across state.(growth, market share, and stores in Arkansas)
October 10, 2005... THE 800-POUND GORILLA of the country's growing retail pharmacy market continues to gobble up larger market shares in Arkansas. Walgreen Co. of Deerfield, Ill., the country's largest drugstore chain and seventh-largest retailer, is adding...

Closed for retirement.(Whispers)
October 10, 2005... The Little Rock office of accounting giant Ernst & Young will soon be closing, a corporate spokesman confirmed. Charles Perkins, director of firm-wide issues at E&Y, said a time frame for the closure is not yet known but added that it would...

Coming soon.(a Health Care company plans to begin operations in Arkansas)(Brief Article)
October 10, 2005... Here's all we know: In the next few days a "health care giant" will announce plans to open some sort of operation in Little Rock that will employ up to 400 with annual wages averaging $32,000. Who, what and more precisely where we just...

Residential rumble.(Whispers)
October 10, 2005... Have you heard about a land-use battle taking shape in North Little Rock's Lakewood neighborhood? Would-be developers want to transform 5.5 acres overlooking Lake No. 1 into a 1.6-lot project dubbed Waterside Estates. Some residents...

Good news bad news.(Conway's companies)(Brief Article)
October 10, 2005... You might have already heard the good news that Conway was being considered for a manufacturing project. Last week the Conway City Council approved $150,000 in incentives for an unnamed company, and the week before the council appropriated...

Let's get physical.(Whispers)
October 10, 2005... HealthSouth Corp. has accused a former physical therapist in its Harrison office of trying to steal away patients. In a lawsuit filed in U.S. District Court in Harrison, HealthSouth said Marcus Jones was the administrator of is Harrison...

They just don't get it.(Editorial)(finance of public schools)(Editorial)
October 10, 2005... IT CAME AS NO SURPRISE LAST week when the special masters for the state Supreme Court determined that the state Legislature had fallen down on the job of correcting Arkansas' inadequate and inequitable public school system. How could they...

The Latino market.(Publisher's Note)
October 10, 2005... FOR TWO DAYS LAST WEEK, speakers at a forum presented by Winrock International and Regions Bank convinced me that Arkansas has changed far more than I realized, and we haven't handled it particularly well. The upside is that we can recover...

Office transaction I.(Real Deals: A Look at Important Real Estate Transactions)
October 10, 2005... The sale of a 20,000-SF office building in North Little Rock rang up a $1.3 million deal. Family Service Agency Inc., led by Charles Deville Jr., bought the Broadway River Center at 628 W. Broadway Ave. from Ozark National Life Insurance...

Office transaction II.(Rector-Phillips Morse Inc. acquires Forest Heights Office Building)(Brief Article)
October 10, 2005... Ownership of a 23,000-SF office building in Little Rock shifted in a transaction valued at $1.1 million. Rector-Phillips Morse Inc. of Little Rock acquired the Forest Heights Office Building at 1405 N. Pierce St. The seller is Forest...

Residential land.(Rausch Coleman Land Development LLC acquires land from Wilcox Investment LP)(Brief Article)
October 10, 2005... A new residential project in North Little Rock is in motion after a $1.07 million land deal. Rausch Coleman Land Development LLC of Barling (Sebastian County) purchased more than 135 acres near the northeast corner of U.S. Highway 165 and...

Convenient sale.(Ho and Yeon Lee bought a convenience store)(Brief Article)
October 10, 2005... A North Little Rock convenience store changed hands in a $960,000 deal. Ho and Yeon Lee bought the Shell project at 10920 Maumelle Blvd. from Investors Inc., led by Kevin Horton. The deal is financed with a five-year loan of $722,250...

Stonehaven land.(Stonehaven Assisted Living LLC acquires a land/site from Osborne Development Ltd.)(Brief Article)
October 10, 2005... A nursing home project in Maumelle is in the works after a $500,000 land deal. Stonehaven Assisted Living LLC of Louisville, Ky., acquired the site near the northeast corner of Mauraelle Boulevard and Murphy Drive. The seller is Osborne...