Arkansas Business

Browse past and current articles from this publication.

Fox Ridge recovery.(Real Deals: A Look at Important Real Estate Transactions)(Brief article)
A 5,527-SF home in west Pulaski County was recovered in a $753,672 foreclosure sale. JPMorgan Chase Bank of New York took ownership of the Fox Ridge Road house from Danny Teodorescu. The residence . . .

Courts home.(Real Deals: A Look at Important Real Estate Transactions)
A 4,200-SF home in The Courts neighborhood of west Little Rock's Chenal Valley development drew a $580,000 transaction. Prudential Relocation Inc. of Scottsdale, Ariz., purchased the house from Le . . .

La Marche abode.(Brief article)
A 4,783-SF home in the La Marche Place neighborhood of west Little Rock's Chenal Valley development sold for $505,000. W.M. and Leann Linam acquired the house from Steven and Brandi Joplin. The de . . .

Medical mortgage.(Real Deals: A Look at Important Real Estate Transactions)
The owner of a medical office building in west Little Rock landed a $2.27 million funding agreement. Williams ADC-GCA Building LLC, led by Dr. Alonzo Williams, obtained the five-year loan from Ban . . .

Office land loan.(Real Deals: A Look at Important Real Estate Transactions)
Office land totaling more than 9.2 acres in North Little Rock is securing a $650,000 mortgage. Shore Business Park Group LLC, led by Sam Perroni, lames Billie and Kenneth Martin, received the one- . . .

Historic funding.(Real Deals: A Look at Important Real Estate Transactions)
A historic house turned office building in downtown Little Rock is backing a $650,000 financial package. North Little Rock's Gibraltar National Insurance Co., led by Audra Welcher, got the six-mon . . .

Vali Hi financing.(Real Deals: A Look at Important Real Estate Transactions)(Brief article)
The owner of a 21,800-SF retail center in North Little Rock picked up a $500,000 mortgage. Woodcrest Co. LLLP, led by James Matthews, secured the one-year loan from One Bank & Trust of Little Rock . . .

The Garland Avenue Parking Garage is beginning to rise on the campus of the University of Arkansas at Fayetteville.(Real Deals:
The Garland Avenue Parking Garage is beginning to rise on the campus of the University of Arkansas at Fayetteville. The $34.5 million project should be completed by August 2010. Baldwin & Shell Cons . . .

Nordex starts building $100m Jonesboro plant.(MANUFACTURING)
Nordex USA Inc. said last week that it was starting construction on its $100 million wind turbine manufacturing plant at Jonesboro. The company announced it would build the plant last October. "Af . . .

Affiliated Foods seeks Chapter 7 liquidation.(FOOD)(Brief article)
Affiliated Foods Southwest Inc. of Little Rock, which had filed for Chapter 11 bankruptcy reorganization in May, now has asked a U.S. bankruptcy judge to convert the case into a Chapter 7 liquidatio . . .

Stephens Inc. sues five departed analysts.(BANKING & FINANCE)
On the same day last week that Stephens Inc. announced it had "restructured its investment research on the transportation industry," the Little Rock investment firm sued in a Virginia federal court . . .

Huck Pac 'restructuring'; longtime aide laid off.(POLITICS)
Former Arkansas Gov. Mike Huckabee's political action committee, Huck Pac, is undergoing a "restructuring," Executive Director Sarah Huckabee said last week. [ILLUSTRATION OMITTED] The restructu . . .

Arkansas Best posts $15.4 million 2Q loss.(Public Company Reports)(Financial report)
Arkansas Best Corp turned to a loss in the second quarter, just as many other trucking companies have as the recession has cut into freight demand. The trucking company lost $15.4 million or 62 ce . . .

IberiaBank Corp. income falls 10.5% in 2nd quarter.(Public Company Reports)
IberiaBank Corp. of Lafayette, La., said second-quarter net income fell 10.5 percent to $8.5 million or 52 cents a share, compared with $9.5 million or 72 cents a share for the same period of 2008. . . .

BancorpSouth's 2nd quarter income falls 15.5 percent.(Public Company Reports)
BancorpSouth Inc. of Tupelo, Miss., said income was down 15.5 percent in the second quarter, but it still beat analyst estimates. The banking company recorded net income of $33.9 million or 41 cen . . .

Tyson Foods announces exchange offer for notes.(Public Company Reports)
Tyson Foods Inc. announced last week an exchange offer for its outstanding 10.50 percent senior notes due 2014. The notes were originally issued March 9 in a private offering in an aggregate princ . . .

Bank of the Ozarks Inc.(Public Company Reports)
Bank of the Ozarks Inc approved a regular quarterly cash dividend of 13 cents a share, payable Aug. 7 to shareholders of record as of July 31. . . .

Daniel Cushman, the new president of P.A.M. Transportation Services Inc., will be paid an annual salary of $400,000 and will be
Daniel Cushman, the new president of P.A.M. Transportation Services Inc., will be paid an annual salary of $400,000 and will be eligible for bonuses, according to a filing with the Securities & Exch . . .

Jerry W, Walton, the Iongtime executive vice president, finance and administration and chief financial officer of J.B. Hunt Tree
Jerry W, Walton, the Iongtime executive vice president, finance and administration and chief financial officer of J.B. Hunt Treespett Services Inc., will retire Sept. 30. David Mee, currently senior . . .

Crossland set to build new Siloam Springs HS.(NW Journal: A Look at News From Northwest Arkansas)
Crossland Construction Co. was recently awarded a bid to construct a new high school for Siloam Springs for $31.8 million. The 298,000-SF school will be constructed on 55 acres in northeast Siloam S . . .

Eureka's Crescent Hotel outlines green initiatives.(NW Journal: A Look at News From Northwest Arkansas)
The 1886 Crescent Hotel in Eureka Springs is joining the green movement. The hotel will begin distributing to guests brochures that outline its efforts to be good stewards of the environment. The . . .

Research Park to be site of $17m enterprise center.(NW Journal: A Look at News From Northwest Arkansas)
ARTP Developers One LLC recently began construction on a $17 million multitenant building to be located in the Arkansas Research & Technology Park in Fayetteville. The 65,000-SF Enterprise Center . . .

White Oak Market open in Fayetteville.(NW Journal: A Look at News From Northwest Arkansas)
Disappointed doughnut lovers near the Crossover area in Fayetteville got good news recently. Although Daylight Donuts went out of business months ago, pastries are now available thanks to the folk . . .

Federal Reserve Bank of St. Louis.(Business Briefs)
The Federal Reserve Bank of St. Louis has launched a new Web site feature designed to help the public keep track of major regulatory developments that occur as the U.S. government works to reform th . . .

Kelyniam Global Inc.(Business Briefs)
Kelyniam Global Inc. of Little Rock, a publicly traded advanced engineering and rapid prototyping company, has received the first machine that will be used in producing artificial bone implants with . . .

The University of Arkansas for Medical Sciences Medical Center has been named one of the "100 Most Wired Hospitals and Health Sy
The University of Arkansas for Medical Sciences Medical Center has been named one of the "100 Most Wired Hospitals and Health Systems" for its use of technology by Hospitals & Health Networks magazi . . .

A dedication ceremony for Count Pulaski Way was held last week at the Concordia Museum, 409 President Clinton Ave., in the Arkan
A dedication ceremony for Count Pulaski Way was held last week at the Concordia Museum, 409 President Clinton Ave., in the Arkansas Studies Institute on the Central Arkansas Library System's Main Li . . .

The Arkansas Department of Community Correction has contracted with IntraLearn Software Corp. of Northboro, Mass., to use its Le
The Arkansas Department of Community Correction has contracted with IntraLearn Software Corp. of Northboro, Mass., to use its LearningServer eLearning software to decrease orientation and training t . . .

Acxiom Corp. will provide enhanced business data for Superpages.com under an agreement with its owner.(Business Briefs)
Acxiom Corp. will provide enhanced business data for Superpages.com under an agreement with its owner, Idearc Media LLC. Acxiom's InfoBase-X Enhanced Business Directory File will provide additional . . .

Aliens Inc. of Siloam Springs has inked a five-year, $5 million deal with Vuance Ltd. of Franklin, Wis., a provider of radio fre
Aliens Inc. of Siloam Springs has inked a five-year, $5 million deal with Vuance Ltd. of Franklin, Wis., a provider of radio frequency verification services, including active RFID, for a new integra . . .

Little Rock Wastewater.(Business Briefs)
Little Rock Wastewater opened its new $33 million Peak Flow Attenuation Facility last week in southwest Little Rock. The facility will improve the hydraulic capacity of the collection system during . . .

Retired Gen. Wesley K. Clark is taking part in the Boys & Girls Clubs of America's new national advocacy campaign, "Be Great.".(
Retired Gen. Wesley K. Clark is taking part in the Boys & Girls Clubs of America's new national advocacy campaign, "Be Great." A billboard in Little Rock shows a photo of the four-star general and a . . .

The Centers for Medicare & Medicaid Services has chosen TrailBlazer Health Enterprises LLC of Dallas to administer the Medicare
The Centers for Medicare & Medicaid Services has chosen TrailBlazer Health Enterprises LLC of Dallas to administer the Medicare program in Arkansas, Louisiana and Mississippi. The contract is for fi . . .

ABF Freight System Inc. has been recognized by the American Trucking Associations for exceptional security practices, earning th
ABF Freight System Inc. has been recognized by the American Trucking Associations for exceptional security practices, earning the 2009 Excellence in Security Award from the ATA Supply Chain Security . . .

Acxiom Corp.(Business Briefs)
Acxiom Corp. said its direct mail marketing clients would see no problems when new U.S. address standardization rules take effect July 31. Certification of Acxiom's PanOptic-X Data Quality will ensu . . .

Hillcrest's Vieux Carre earns high marks for food, service.(Business Lunch Review)
[ILLUSTRATION OMITTED] VIEUX CARRE, A RUSTIC EATERY seemingly plucked out of the rench Quarter and dropped into Hillcrest, offers excellent food and cordial service. (Vieux Carre means "old square . . .

Affiliated Foods' bankruptcy hamstrings property managers.(COMMERCIAL REAL ESTATE)
SOME PROPERTY MANAGERS have had to contend with tenants and bankruptcy court as credit markets tightened and retailers felt the added pinch. The May 5 Chapter 11 filing of Little Rock's Affiliated F . . .

Commercial real estate prices continue to drop.(Notes)
As the economic uncertainty continues, real estate prices continue to fall, according to an article in Commercial Property News. The Moody's/REAL National All Property Type Aggregate Index from Re . . .

BOMA announces new board, officers.(Notes)
The Building Owners & Managers Association of Greater Little Rock has named its Board of Directors for 2009-2010. The new board members include Vada Reynolds, president; Melinda Martin, vice presi . . .

Property managers offer job-loss lease coverage.(Notes)
[ILLUSTRATION OMITTED] In the competition for apartment dwellers, some property managers in central Arkansas have added a new amenity during these turbulent times. It's free insurance that provi . . .

Property managers fend off hagglers, see more lookers.(Overview)
LOSSES AND GAINS FREE equitably spread among this year s list of largest commercial property management firms. Most simply held steady. Among the top 20 firms, five reported losses in total space . . .

Commercial property management firms.(COMMERCIAL REAL ESTATE)
Ranked by gross square feet of office, retail and warehouse space managed Firm AddressPhone, Fax, Gross SF Key Contacts) Web site 1 Colliers International . . .

FranAppeal.(New Businesses: A Listing of Business Start-Ups in Arkansas)
FranAppeal Owner: Jason Risner Address: 10515 W. Markham St., Little Rock Phone: (501) 626-8563 Hours: Mon.-Fri., 8 a.m.-5 p.m. Startup: Feb. 11, 2009 Web site: www.franappeal.com [ILL . . .

The Vintage Scarf.(New Businesses: A Listing of Business Start-Ups in Arkansas)
The Vintage Scarf Owner: Paula Horlick Address: 3 Richmond Lane, Bella Vista Phone: (888) 364-9749 Hours: 24-hour service Start-up: December 2008 Web site: www.thevintagescarf.com Afte . . .

Calendar.(Brief article)(Calendar)
JULY * 28--Arkansas Procurement Assistance Center on the Road Time: 10 a.m.-3 p.m. Location: Cross County Chamber of Commerce, 1790 North Falls Blvd., Wynne Fee: Free For more information, . . .

Reed Greenwood has announced his retirement as dean of the College of Education & Health Professions at the University of Arkans
Reed Greenwood has announced his retirement as dean of the College of Education & Health Professions at the University of Arkansas at Fayetteville, effective July 31. The Dean's Advisory Council has . . .

University of Central Arkansas.(EDUCATION)
Diana Pounder has been appointed as the new dean of the College of Education at the University of Central Arkansas at Conway. Pounder previously served as the chair of the Department of Educational . . .

First National Bank & Trust.(FINANCIAL SERVICES)
[ILLUSTRATION OMITTED] John M. Reding of Mountain Home has joined First National Bank & Trust as vice president of business development/marketing. He has 20 years of experience in retail business . . .

Arkansas Ethics Commission.(GOVERNMENT)(Brief article)
Paul F. Dumas of Morrilton has been appointed to the Arkansas Ethics Commission by state Sen. Bob Johnson. Dumas has been in private practice since 1998 and was president of the Young Lawyers Sectio . . .

Arkansas Game & Fish Commission.(GOVERNMENT)
Emon Mahony of El Dorado was appointed by Gov. Mike Beebe as the newest commissioner of the Arkansas Game & Fish Commission. Mahony, 68, has been a trustee for the Arkansas Nature Conservancy since . . .