Arkansas Development Finance News Southeast

CBRE Negotiates Construction Financing for Mixed-Use Development in Rogers, Arkansas

by Channing Hamilton October 30, 2023

ROGERS, ARK. — CBRE has arranged financing for the development of Pinnacle Springs, a mixed-use development located at 1800 S. Osage Springs Drive in Rogers. Pinnacle Springs will comprise 362 apartments and 91,000 square feet of retail space, including a 37,000-square-foot Whole Foods Market grocery store. SJC Ventures plans to break ground on the project before the end of the year. The developer plans for the development to deliver in 2025. Richard Henry, Mike Ryan, Brian Linnihan and J.P. Cordeiro of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta …

October 30, 2023

Arkansas Investment Sales News Southeast

Cushman & Wakefield Arranges Sale of The Fitzroy Grove in Rogers, Arkansas

by Channing Hamilton August 11, 2023

ROGERS, ARK. — Cushman & Wakefield has brokered the sale of The Fitzroy Grove, a 250-unit community in the northwest Arkansas city of Rogers. Martin Bynum and Craig Hey represented the seller, Huffman & Co. Lurin Capital acquired the property. The Fitzroy Grove was built in 2021. According to the property website, units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool with cabanas, bocce and pickleball courts, a business center, dog park, package center, fitness center, a lounge and a business center.

August 11, 2023

Arkansas Finance Investment Sales News Southeast

Greystone Arranges $50 Million to Acquire Fountaine Bleau in North Little Rock, Arkansas

by Channing Hamilton July 19, 2023

NORTH LITTLE ROCK, ARKANSAS — Greystone has arranged a $50 million loan for the acquisition of Fountaine Bleau, a 435-unit complex in North Little Rock. Greystone’s Dan Sacks and Avi Kozlowski originated the Fannie Mae Delegated Underwriting and Servicing loan. David Singer of Callaway Capital acted as correspondent on the transaction. Fountaine Bleau comprises 18 buildings on a 20-acre site. The community offers one-, two- and three-bedroom units. The buyer plans to renovate the property with energy- and water-saving features such as new thermostats, lighting, washing machines, faucets and showerheads, …

July 19, 2023

Arkansas Build-to-Rent Development Southeast

ITEX Will Develop Cinema-Themed BTR Project in Fayetteville, Arkansas

by Lynn Peisner February 24, 2023

FAYETTEVILLE, ARK. — The ITEX Group and Time Warp Enterprises have released plans for The Aronson, a build-to-rent (BTR) project in Fayetteville that will be anchored by a new moviegoing concept from Austin, Texas-based Alamo Drafthouse Cinema. The 214 units will be available as single-family, duplex or triplex configurations. Amenities will include a clubhouse, fitness center, pool, playgrounds, dog parks and bike parking. The project is anticipated to deliver by 2024. The Aronson will be home to Alamo Drafthouse Cinema + Drive-In, developed via a partnership among Catchlight Entertainment, the …

February 24, 2023