Arkansas Business articles from September 2004

Arkansas Business archives from September 2004

New apartment construction keeps building.
September 6, 2004... OCCUPANCY IN THE PULASKI County apartment market took a slight dip to 93.9 percent during 2003. The number indicates the market is holding its own despite an influx of new units and continued construction. "The market is stable and solid,"...

Hot springs developer faces 22-count federal indictment.
September 6, 2004... HOT SPRINGS DEVELOPER Rodney Myers said he thought he closed the door years ago on his failed development, Burchwood Harbour Apartments. The 72-unit Hot Springs complex filed for Chapter 11 bankruptcy protection in 1998. And Myers walked...

No ad niche left unturned: LR monthly's Demise is most obvious evidence of magazine glut.(advertising)(Little Rock)
September 6, 2004... THE ARKANSAS PUBLISHing industry had wondered whether slick and glossy Little Rock Monthly would survive even before the premiere issue in November 2002. New At Home Media Group Inc. of Little Rock shuttered the magazine's operations in...

Overton update.(Whispers)(Trinity Trading LLC )(Brief Article)
September 6, 2004... Remember that foreclosure suit One Bank & Trust of Little Rock filed against Warren Overton and his Trinity Trading LLC on July 23? Turns out that dispute isn't yet connected with Overton's debt-ladden 5,718-SF home near the Country, Club...

More background.(Whispers)(Brief Article)
September 6, 2004... The original amount of Overton's debt totaled $950,000 when the loan was originated on Feb. 19, 2001. Back then, Dan Lasater was a co-guarantor on the note. Lasater, an investor in DAC, was released from any financial obligations associated...

The Sherwood shuffle.(Whispers)(Brief Article)
September 6, 2004... Quite a bit of store shuffling in Sherwood of late. Furniture Row at 5430 Landers Road joins Wal-Mart (and soon Best Buy) in a mass exodus southward into North Little Rock. Furniture Row, which includes Denver Mattress Co., SofaMart,...

Hospitable transaction.(Whispers)(Ruxmani Hospitality Corp)(Brief Article)
September 6, 2004... A 100-room motel project in Jacksonville is under new ownership in a $1.3 million deal. Ruxmani Hospitality Corp., led by Girish Patel, bought the Inn America at 1800 John Harden Drive. The seller? Peck Hotel Management Group Inc., led...

Bella buy.(Whispers)
September 6, 2004... Perhaps you're familiar with the Bella Rosa Commercial Center project under construction at 16101 Cantrell Road in west Little Rock. For those keeping score at home, the 7.5-acre site at the southwest corner of Bella Rosa Drive and Cantrell...

Sympathy card.(Whispers)(Brief Article)
September 6, 2004... More than 50 former hourly employees of American Greetings Corp. in Osceola have sued their former company alleging it terminated them based on their race, sex or age. The plaintiff's lawsuit filed last week in U.S. District Court in...

Corrections.(Correction Notice)
September 6, 2004... There were two editing errors in a commentary on new accounting regulations written by Keith Crass for the Aug. 30 issue of Arkansas Business. The Arkansas State Board of Public Accountancy has long required 40 hours of continuing education;...

Here's looking at us.(Editorial)
September 6, 2004... THE U.S. CENSUS BUREAU reminded us recently that far too many Arkansas families live in poverty--and the number has been increasing. The state's poverty level rose 2.7 percent to 18.5 percent in 2001-03. That's more than 490,000 people of...

ABCs of alcohol.(alcoholic beverage control)(Editorial)
September 6, 2004... THE ALCOHOLIC BEVERAGE Control Board s recent decision to grant a private club permit to a new restaurant in downtown Conway is yet another reminder that this state's laws concerning the sale of alcohol are ridiculous. I would say that...

Bella building.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... [ILLUSTRATION OMITTED] Caption: BELLA BUILDING: A $2.7 million mixed-use development, composed of 30,000 SF of retail, 29,000 SF of warehouse and 24,000 SF of mini-storage space, is taking shape in west Little Rock. The Bella Rosa...

Mega transaction.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... Related entities in Kansas City, Mo., were on either side of a $12.1 million transaction involving a 15-acre development in west Little Rock. 30 West Pershing LLC bought the 18-screen Rave. Motion Pictures project at 18 Col. Glenn Plaza...

Ownership circle.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... About 200 acres in east Pulaski County tipped the scales at $825,000. Wilcox Investment Ltd., led by George Wilcox, purchased the acreage lying south of U.S. Highway 165 at the Arkansas 1-440 Business Park from Harvey and Donna Watson. ...

Ridgeview recycled.(Real deals: a look at important real estate transactions)(NHDC Ridgeview Apartments Inc.)(Brief Article)
September 6, 2004... A 242-unit apartment complex in North Little Rock changed hands in a $4.8 million deal. NHDC Ridgeview Apartments Inc. of Rancho Cucamonga, Calif., acquired its namesake project at 1707 Arrowhead Road from Beal Bank of Dallas. The...

Capital location.(Real deals: a look at important real estate transactions)(The Capital Bank )(Brief Article)
September 6, 2004... A west Little Rock bank took ownership of its 1-acre headquarters location in a $675,000 deal. The Capital Bank bought the 12224 Chenal Parkway property from Brent and Becky Tyrrell. The property previously was tied to an April 2003...

Park land.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... Ownership of a 24.7-acre tract in west Little Rock shifted between related entities in a deal valued at $525,000. Deltic Timber Corp. of El Dorado acquired the land on the east side of La Marche Drive at Courts Boulevard from Deltic Real...

Powell purchase.(Real deals: a look at important real estate transactions)(Powell Brothers Inc.)(Brief Article)
September 6, 2004... A pair of 4,200-SF buildings in Sherwood rang up a $370,000 deal. Powell Brothers Inc. purchased the 2000 Lantrip Road and 101 Hunter Cove properties from Wayne and Sandra Henard. The adjoining developments, covering a combined 0.6...

Foxboro residence.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... A 4,626-SF home in Little Rock's Foxboro neighborhood sold for $710,000. Mercer Neale III and his wife, Elizabeth, bought the house from John and Patricia Bayliss. The deal is financed with a 25-year loan of $568,000 and a $60,000...

Maco mortgage.(Real deals: a look at important real estate transactions)(Maco Management Co)(Brief Article)
September 6, 2004... A retail development in southwest Little Rock was used to help secure a $4.7 million financial package. Maco Management Co., led by lames Maddox, obtained the 10-year loan from Union Planters Bank of Memphis. The 1.1-acre Hollywood...

Apartment funding.(Real deals: a look at important real estate transactions)(Brief Article)
September 6, 2004... The owner of a Little Rock apartment project landed a $4.5 million funding agreement. Valley Heights Apartments Ltd., led by David and Madeline Henry, received the 15-year loan from Twin City Bank of North Little Rock. The 9.2-acre...

Arkansas economy slows, survey shows.(Economic)(Brief Article)
September 6, 2004... The Mid-America Business Conditions Index for Arkansas declined in August for the second month in a row but is still growing. That's the view of the monthly survey of supply managers and business leaders in the nine-state region conducted...

State's revenue picture improves.(Inside Business)(Brief Article)
September 6, 2004... Although the Mid-America Business Conditions Index indicates an economic slowdown (see article above), the state's revenue picture continued to improve in August, according to figures released last week by the Department of Finance and...

International trade subject of program.(Inside Business)(Brief Article)
September 6, 2004... William Lash III, assistant secretary of commerce for market access and compliance, will speak at a special program on Sept. 9 at the Bank of America's William H. Kennedy Auditorium in Little Rock. The program, from 4:30-6:30 p.m., is...

Regional growth conference set.(Inside Business)(Brief Article)
September 6, 2004... The University of Arkansas at Little Rock is holding a conference on regional stewardship, exploring issues such as growth planning, mass transit, affordable housing and work force education in the metropolitan area. The one-day conference...

Wal-Mart reports lackluster sales.(Public Company Reports)(Brief Article)
September 6, 2004... Wal-Mart Stores Inc. said August samestore sales increased by 0.5 percent, which was less than analysts' expectations, and revised its outlook for third-quarter earnings, putting estimates at the low end of its growth forecast. Wal-Mart...

Dillard's August sales drop.(Public Company Reports)(Brief Article)
September 6, 2004... Dillard's Inc. said August same-store sales fell 5 percent and total sales dropped 4 percent. The department store chain reported August sales of $553 million, down from $575 million during August last year. Like Wal-Mart, which reported...

Tyson lowers earnings forecast.(Public Company Reports)
September 6, 2004... Tyson Foods Inc. last week lowered its full-year earnings per share guidance. The diversified protein provider new expects end-of-year earnings, under generally accepted accounting practices, to have grown 13 percent to 20 percent, or...

Simmons First National Corp.(Public Company Reports)(Brief Article)
September 6, 2004... Simmons First National Corp. has declared a quarterly cash dividend of 14 cents a share, payable Oct. 1 to shareholders of record as of Sept. 15. The dividend is a 1 cent, or 7.69 percent, increase over the dividend it paid during the same...

First Federal Bancshares of Arkansas Inc.(Public Company Reports)(Brief Article)
September 6, 2004... First Federal Bancshares of Arkansas Inc. of Harrison has declared a cash dividend of 11 cents a share, payable Sept. 24 to shareholders of record as of Sept. 9. First Federal Bancshares is the thrift holding company for First Federal Bank of...

NWA Regional Airport gains flight to Chicago.(Trucking & Transportation)(Brief Article)
September 6, 2004... United Airlines said its United Express unit will begin three daily non-stop flights between Chicago and the Northwest Arkansas Regional Airport. The airline also said it will add one new daily nonstop flight to Denver. Both services begin...

Top 10 counties in bank deposits.(Inside Business)(Brief Article)(Illustration)
September 6, 2004... Top 10 Counties in Bank Deposits County 1970 1980 1990 2000 Pulaski $572,979 $1,593,130 $2,948,281 $5,032,414 Benton $64,983 $305,821 $846,937 $2,095,742...

Judge clarifies ruling in Tyson pricing case.(Agricultural Business)(Brief Article)
September 6, 2004... Tyson Foods Inc. said the judge who overturned a jury verdict against the company in April has clarified his ruling, saying the plaintiffs did not win any part of the case. Judge Lyle Strom reversed an Alabama jury verdict against Tyson,...

Officials break ground on new Rogers Hospital.(Health Care)(Brief Article)
September 6, 2004... Officials from Benton County and Mercy Health Care System of Northwest Arkansas broke ground last week on a new $140 million medical campus at Rogers. The campus will include a 350,000-SF, 200-bed medical center and a 150,000-SF medical...

Metropolitan moves into northwest market.(NW journal: a look at news from northwest Arkansas)(Brief Article)
September 6, 2004... Metropolitan National Bank of Little Rock has announced plans to open a mortgage origination office in Fayetteville. Lunsford Bridges, president of Metropolitan, said the operation will be on Frontage Road in the building that previously...

Pinnacle Bank opens, names new board.(NW journal: a look at news from northwest Arkansas)(Brief Article)
September 6, 2004... Pinnacle Bank President Joe Mills said its temporary headquarters in Rogers opened on Aug. 23 to allow the 145 private investors to come in and open accounts. The opening to the public was Aug. 30. State-chartered Pinnacle Bank received its...

Benton County DU wins national award.(NW journal: a look at news from northwest Arkansas)(Ducks Unlimited)(Brief Article)
September 6, 2004... Ducks Unlimited state Chairman Steve Cook and Jeff Lawrence, DU's senior regional director for Arkansas, were on hand in August to present the organization's Benton County chapter with a national award for innovative fund raising. The...

Retail furniture market changes as NWA urbanizes.(northwest Arkansas)
September 6, 2004... WITH THE URBANIZATION of northwest Arkansas, traditional furniture stores may go the way of the bundling bed. "I don't think five years from now there will be traditional furniture stores in northwest Arkansas," said Dave Layman, 44, co-owner...

E. Fay Jones, the world-renowned architect whose creations include Thorncrown Chapel at Eureka Springs, died Aug. 30 at his home in Fayetteville.(Business Briefs)(Brief Article)(Obituary)
September 6, 2004... E. Fay Jones, the world-renowned architect whose creations include Thorncrown Chapel at Eureka Springs, died Aug. 30 at his home in Fayetteville. He was 83. He was professor emeritus at the University of Arkansas at Fayetteville. In 1990, Jones...

Embassy Suites.(Business Briefs)(Brief Article)
September 6, 2004... Embassy Suites in Hot Springs has been ranked the No. 1 Embassy Suites by the company's satisfaction and loyalty tracking program. Hot Springs was named the top Embassy Suites Hotel worldwide in "Overall Experience," Overall Service," and...

The Department of Transportation has awarded a $1.1 million grant to Little Rock National Airport for the acquisition of property north of the airport as part of its overall noise mitigation program.(Business Briefs)(Brief Article)
September 6, 2004... The Department of Transportation has awarded a $1.1 million grant to Little Rock National Airport for the acquisition of property north of the airport as part of its overall noise mitigation program. The areas identified for acquisition include...

September is the last month to apply for amnesty under the state's tax amnesty program, which allows taxpayers to make a voluntary payment--without penalty, interest or threat of prosecution--of state taxes not previously reported that were due before Jan. 1, 2003.(Business Briefs)
September 6, 2004... September is the last month to apply for amnesty under the state's tax amnesty program, which allows taxpayers to make a voluntary payment--without penalty, interest or threat of prosecution--of state taxes not previously reported that were due...

Tyson Foods Inc.(Business Briefs)(Brief Article)
September 6, 2004... Tyson Foods Inc. has named Alberto Gonzalez-Pita to be executive vice president and general counsel. The former private-practice lawyer with more than 25 years of legal experience will serve as chief legal officer for Tyson beginning Oct. 1....

The Arkansas chapter of the American Society for Training and Development will elect officers for 2005 at its Sept. 20 general meeting at the Business and Industry Center on 3303 East Roosevelt Road, next to the IMAX Theater.(Business Briefs)
September 6, 2004... The Arkansas chapter of the American Society for Training and Development will elect officers for 2005 at its Sept. 20 general meeting at the Business and Industry Center on 3303 East Roosevelt Road, next to the IMAX Theater. The election will...

Duck hunters will get 60 days of duck hunting along with a six-duck bag limit for the 2004-05 season.(Business Briefs)(Brief Article)
September 6, 2004... Duck hunters will get 60 days of duck hunting along with a six-duck bag limit for the 2004-05 season. The season is split into three segments--Nov. 20 through Dec. 5, Dec. 17 through Dec. 24, and Dec. 26 through Jan. 30, 2005. Duck hunters will...

The Clark County Industrial Council and the Southwest Arkansas Technology Learning Center have hired Aaron Stewart as executive director of the CCIC and assistant director of SWATLC.(Business Briefs)(Brief Article)
September 6, 2004... The Clark County Industrial Council and the Southwest Arkansas Technology Learning Center have hired Aaron Stewart as executive director of the CCIC and assistant director of SWATLC. The Hampton native has served as a congressional aide to Rep....

Arkansas Blue Cross and Blue Shield.(Business Briefs)(Brief Article)
September 6, 2004... Arkansas Blue Cross and Blue Shield is now offering its Blue Solution PPO health insurance plan as an option for individuals and families under age 65 and not eligible for Medicare. Blue Solution PPO is a comprehensive, major medical insurance...

Nutt tops list of highest paid state employees.(List Overview)
September 6, 2004... ARKANSAS BUSINESS' ANNUal list of the highest-paid state employees is a popular feature even though the names at the top of the list are fairly predictable. Actually, the highest-paid state employees are divided into two lists: the top...

Arkansas Business list: highest-paid UAMS employees.(University of Arkansas for Medical Sciences)(Illustration)
September 6, 2004... ARKANSAS BUSINESS LIST: HIGHEST-PAID UAMS EMPLOYEES Ranked by base salary Name, Title Base Salary 1 Jonathan Drummond-Webb $561,101 Associate Professor...

Arkansas Business list: highest-paid state employees.(Illustration)
September 6, 2004... ARKANSAS BUSINESS LIST: HIGHEST-PAID STATE EMPLOYEES Ranked by compensation for current fiscal year of $125,000 or more State ...

Stock summary.(Illustration)
September 6, 2004... STOCK SUMMARY Arkansas Public 9/1/04 Weekly YTD 52-Week 52-Week Company Stocks Close Change Change High Low Acxiom Corp. (ACXM) 22.39 1.13% 20.70% 25.17 15.00...

Calendar.(Calendar)
September 6, 2004... SEPTEMBER * 7--Starting a Business in Arkansas Sponsor:. Arkansas Small Business Development Center Time: 6-9 p.m. Locations: Arkansas National Bank. Fayetteville Fee: $20 For more information. Call (479) 575-5148 * 8--Cox...

Jonesboro ratings.(Outtakes: an inside look into Arkansas media)
September 6, 2004... After holding off the national broadcast giants in the Jonesboro radio market, Saga Communications Inc. of Grosse Pointe Farms, Mich., has given up some ground. According to the recently released spring ratings from Arbitron Inc., in the...

Texarkana ratings.(Outtakes: an inside look into Arkansas media)(Brief Article)
September 6, 2004... Clear Channel still dominated the Texarkana market in the spring 2004 ratings period. The nation's No. 255 market, with its 111,000 12-plus listeners, saw Clear Channel's country format KKYR-FM, 109.5, again lead the way by nearly...

NKH&W no more.(Outtakes: an inside look into Arkansas media)(Nicholson Kovac Inc)(McIntosh Group)(Brief Article)
September 6, 2004... If you've ever wondered what became of advertising agency The McIntosh Group, this may be of interest. McIntosh of Fort Smith, led by founder John McIntosh, was, of course, acquired in 2002 by NKH&W of Kansas City at about the same time it...

Hunters dwell on Arkansas' duck decline.(Executive Sportsmen)
September 13, 2004... DUCK HUNTING IS ON THE decline in and around Stuttgart, the sport's universally acknowledged world capital, but trying to pinpoint the reason is as difficult as deciding which came first, the duck or the egg. Some say over-hunting--often...

No banking shortage here, nor shortage of bank proposals: central and northwest Arkansas draw new bank investor interest to already competitive field.
September 13, 2004... ENTERING THE PULASKI, Benton and Washington county banking markets has drawn renewed interest from a variety of players. Four ventures in northwest Arkansas are in various stages of operational status, and two acquisition groups have indicated...

Hot springs lands biggest fish tourney: Wal-Mart FLW Tour Championship called 'Super Bowl' of fishing.(Executive Sportsmen)
September 13, 2004... LONG KNOWN FOR ITS LAKES and water recreation, not to mention its famous hot water, Hot Springs has landed the big one. That would be the $1.5 million Wal-Mart FLW Tour Championship to be held July 13-16 on Lake Hamilton with the weigh-in...

Former Stephens analyst sued.(Whispers)(Brief Article)
September 13, 2004... Days before Daniel C. Moore announced he was leaving his 8-year job as a Stephens Inc. analyst, he downloaded approximately 4,600 company files to his computer--possibly to use at his new position at Morgan Keegan & Co. So Stephens Inc....

Written in concrete.(Whispers)(Brief Article)
September 13, 2004... Did you hear that three Block USA properties in Arkansas are under new ownership? J.B. Hunt and Tim Graham purchased the company's concrete block plants in Springdale, Fort Smith and Russellville for an undisclosed sum. Hunt and...

Lynch mob.(celebrities galore at Fayetteville)(Pat Lynch)(Brief Article)
September 13, 2004... In addition to the former University of Arkansas sports celebrities in town for Saturday's football game with the University of Texas Longhorns, a couple of financial industry A-listers also made the trip to Fayetteville. Pat Lynch, board...

Corrections.(Whispers)(Correction Notice)
September 13, 2004... Active Years magazine was inadvertently left off of a list of Arkansas magazines in the Sept. 6 issue of Arkansas Business. Dickey Nutt is head men's basketball coach at Arkansas State University at Jonesboro, not the head football coach. A...

Secret agent diamond doll.(Whispers)(Brief Article)
September 13, 2004... A television commercial ailing nationally for Wal-Mart Stores Inc. includes a familiar face for Razorback baseball fans. Former Diamond Doll Carrie Jo DeBriyn, 24-year-old daughter of former longtime UA Baseball Coach Norm DeBriyn, is the...

Million-dollar manor.(Whispers)(Brief Article)
September 13, 2004... A 5,485-SF home in Chenal Valley changed hands in a $1 million deal. Gilbert and Peggy Arnold bought the residence from Dennis and Beverly Whipple.

Dotson by George.(Whispers)(Brief Article)
September 13, 2004... We understand Danny Dotson has joined Don Gibson and Patrick Swope in Gary George et al's yet-to-be named Springdale banking venture (see story, Page 1). Dotson will be the business development and marketing person for the bank. ...

Wal-MartLitigation.com.(Wal-Mart Stores Inc.'s website on case informations)(Editorial)
September 13, 2004... THERE IS, IN FACT, A COMMERCIAL Web site whose sole purpose is to track litigation involving Arkansas' (and the world's) largest corporate citizen. Wal-MartLitigation.com, the cottage industry of a Tennessee lawyer, is primarily a resource for...

Policy 101.(Editorial)
September 13, 2004... THIS WEEK'S FRONT-PAGE story on the woes plaguing the duck-hunting industry in Arkansas is a textbook example of the law of unintended consequences. Extending the duck season seemed like a license for Stuttgart to print money, but it may...

Be prepared.(Publisher's Note)
September 13, 2004... ARKANSAS BUSINESSES EXPERIENCE all kinds of operation interruptions. A false fire alarm, short-term loss of electrical power or a damaged telecommunications line that shuts down telephone or Internet service can lead to irritating standstills...

Predictions and errors.(On Marketing)(Book Review)
September 13, 2004... PUBLICATIONS AND BROADCASTS are filled with the predictions of pundits, experts, media types and even self-proclaimed psychics. It's rare, however, to find some scorecard that lets us know how accurate these predictions are likely to be. A...

Mystery transaction.(HL Land Development buys Mystery Properties Corp.'s land)(Brief Article)
September 13, 2004... More than 48 acres in west Little Rock changed hands in a $1.2 million deal. HL Land Development, led by Michael Lasiter and Charles Hunnicutt, bought the land on the west end of Shadybrook Drive and the north side of David O. Dodd Road....

Foreclosure purchase.(Rainbow Babies and Children's Pediatric Clinic)(Pain Control Center)(Brief Article)
September 13, 2004... A Little Rock medical project is under new ownership after a $600,000 foreclosure sale. National Loan Investors Ltd. of Oklahoma City acquired the former home of Rainbow Babies and Children's Pediatric Clinic and the Pain Control Center at...

Broadway Bob's buy.(Real deals: a look at important real estate transactions)(purchased the Tom's Finance Center from The Shirley Bean Crawford Living Trust)(Brief Article)
September 13, 2004... A commercial property in Sherwood tipped the scales at $575,000. Broadway Bob's Inc., led by Bobby Eubanks, purchased the Tom's Finance Center location at 8000 Landers Road from The Shirley Bean Crawford Living Trust. The deal is...

Complex sale.(Marabelle Properties LLC)(Brief Article)
September 13, 2004... A 28-unit apartment complex in southwest Little Rock sold for $350,000. Marabelle Properties LLC, led by John Childers, bought the 3824-3830 Community Lane project. The seller is The Rivers Family Trust, led by Warren Rivers. The...

Hickory Hills home.(Real deals: a look at important real estate transactions)(Brief Article)
September 13, 2004... A 6,690-SF home in west Little Rock's Hickory Hills neighborhood drew a $1.1 million transaction. Alger and Beatrice Chapman acquired the house from Everett Tucker Jr. and his wife, Sheila. The deal is financed with a 30-year loan of...

Chenal abode.(Real deals: a look at important real estate transactions)(Brief Article)
September 13, 2004... A 5,493-SF home in west Little Rock's Chenal Valley neighborhood rang up an $840,000 deal. William Wright and Linda Meza-Dierks purchased the house from Cliff Ford. The deal is backed with a 15-year loan of $333,700 from Twin City Bank of...

Cliffewood residence.(Real deals: a look at important real estate transactions)(Brief Article)
September 13, 2004... A 3,800-SF home in Little Rock's Cliffewood neighborhood changed hands in an $800,000 deal. Max and Rebecca Kane bought the house from the Ted and Carolyne Ashcraft revocable trusts. The deal is financed with a 30-year loan of $560,000...

Hickory Hills Home II.(Real deals: a look at important real estate transactions)(Brief Article)
September 13, 2004... A 5,741-SF home in west Little Rock's Hickory Hills neighborhood has a new owner after a $700,000 deal. Alger and Beatrice Chapman acquired the house from Michael and Donna Flynn. The deal is backed with a 30-year loan of $333,700 from...

Building loan.(Real deals: a look at important real estate transactions)(Dixon Properties LLC received loan from Twin City Bank)(Brief Article)
September 13, 2004... Construction of a 22,000-SF office building in North Little Rock is in motion with a $2.7 million funding agreement. Dixon Properties LLC, led by Keith Dixon, received the five-year loan from Twin City Bank. The 1.9-acre site at 4020...

Church funding.(Real deals: a look at important real estate transactions)(Baring Cross Baptist Church obtained loans from National Bank of Arkansas)(Brief Article)
September 13, 2004... A Sherwood congregation picked up a $2.6 million financial package. Baring Cross Baptist Church obtained the one-year loan from North Little Rock's National Bank of Arkansas. The 16.9-acre church site at 7541 Warden Road previously was...

Balcones financing.(Real deals: a look at important real estate transactions)(Balcones Recycling Inc. got loan from Plainscapital Bank )(Brief Article)
September 13, 2004... An industrial project in east Little Rock is financed with a $1.4 million mortgage. Balcones Recycling Inc. got the 12-year loan from Plainscapital Bank of Austin, Texas. The 10-acre Balcones development at 4501 Thibault Road...

Windsor note.(Real deals: a look at important real estate transactions)(Windsor Arms Apartments LLC)(Brief Article)
September 13, 2004... The owner of a 56-unit apartment project in Little Rock picked up a near $1.9 million financial package. Windsor Arms Apartments LLC, led by David Henry, received the one-year loan from Cleburne County, Bank. The 2.6-acre development...

Med mortgage.(Real deals: a look at important real estate transactions)(Med Properties Inc.)(Liberty Bank of Jonesboro)(Brief Article)
September 13, 2004... A North Little Rock pediatric project was used to secure a $1.1 million mortgage. Med Properties Inc., led by lane Prince, landed the three-year loan from Liberty Bank of Jonesboro. The 1.5-acre Pediatric Specialty Care development at...

Dixon refinance.(Real deals: a look at important real estate transactions)(Dixon Properties LLC)(Brief Article)
September 13, 2004... A North Little Rock clinic is backed with a $916,474 funding agreement. Dixon Properties LLC, led by Dr. Keith Dixon and his wife, Alisa, obtained the three-year loan from Twin City Bank. The 0.82-acre McCain Orthopedic Clinic at 4509...