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Arkansas Unemployment Drops to 4.2% in August

Nine major industry sectors including manufacturing and hospitality reported growth.

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Garver HQ in North Little Rock Sells for $13.2M (Real Deals)

An affiliate of National Asset Services of Los Angeles acquired the 4701 Northshore Drive project from an affiliate of Old House Capital in Dallas.

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Big Farm Subsidies Surge Is Crisis-Driven, Industry Says

Trade war repercussions with China and Trump administration spending to keep farmers solvent in a commodities price crash propelled federal farm subsidy payments in Arkansas to a record $828 million in...

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The Village at Valley Ranch Sells for $10.7M

This week presents a quartet of million-dollar real estate transactions in Little Rock, redevelopment in North Little Rock and nine of Pulaski County's big construction projects.

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Fed Likely to Signal a Coming Pullback in Economic Support

It would take something serious, such as a poor October jobs report, to knock the central bank off track, an economist says.

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Commercial Real Estate Absorption in Northwest Arkansas Highest Since 2012,...

One factor was a significant uptick in warehouse leasing.

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Existing US Home Sales Fell in August, Price Growth Slows

It's the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.

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Fed Foresees a Potential Rate Hike as Soon as Next Year

As economic recovery continues, high inflation has added to the pressure on the Fed to pull back its support.

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Kendall Promoted at Arvest (Movers & Shakers)

Matt Kendall has been named president and CEO of Arvest Bank’s mortgage division and Arvest Central Mortgage Co. in Lowell.

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US Net Wealth Distribution Rises

In the first quarter of 2021, the share of net wealth in the United States held by the top 10% rose slightly from the previous quarter to 69.8%

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Community First Sale Provides Payday

The $6 million sale of Community First Trust Co. to Farmers Bank & Trust of Magnolia was divided among more than two dozen shareholders.

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RIA That Lost Client Falls as Others Rise

The pandemic years have been good for registered investment advisors, with most of the top RIAs based in Arkansas posting increased assets under management since Arkansas Business’ last list of money...

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Community First Trust Attracts $6M Buyer

William Kerst Jr. wasn’t looking to sell Community First Trust Co. in 2021. But two years ago, events began pulling the president and CEO of the Hot Springs enterprise toward the possibility.

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Heights Home Foreclosed in Doctor Bankruptcy

Dr. Pittman Moore listed $1.67 million in assets and $2.99 million in debts in his March bankruptcy filing.

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$86.2M Judgment Awarded in Park Plaza Foreclosure

Pulaski County Circuit Judge Alice Gray awarded an $86.2 million judgment plus interest from July 1 to Deutsche Bank Trust Co. Americas against Park Plaza Mall CMBS LLC of Chattanooga, Tennessee.

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Business Economists Lower Growth Forecasts Due to Virus

The nation's business economists expect slower economic growth this year due to the widespread delta variant of the coronavirus.

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Stephens Group's Alan Tedford Trades Up as Business Owner

Alan Tedford, CEO of Stephens Group Asset Management, looks to the firm’s fourth anniversary, devoted to fundamental values.

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Record July Jump in US Home Prices, Sidelining More Buyers

Phoenix, San Diego and Seattle reported the biggest price increases.

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John McKeel Returns to Evolve Bank & Trust

He has 20 years of experience in the industry.

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Simmons Bank Buys Former Bank OZK Building in West Little Rock

The building, combined with Simmons' River Market office, is expected to help the bank meet office space needs as it continues growing.

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