George Waldon

5 days ago | arkansasbusiness.com | George Waldon

A 2,580-SF fast-food eatery in Jacksonville tipped the scales at $3.61 million. Bitter Creek Land Co. LLC of Watford City, North Dakota, bought the Whataburger at 1815 N. First St. from WBJAXAR LLC, led by Rick Wilson. WBJAXAR acquired the former Hardee’s for $2 million in August 2024 from We’ll Call It 85 LLC of Miami. We’ll Call it 85 purchased the 0.74-acre development for $1.2 million in April 2022 from S&D Real Estate LLC, led by Liang Lin.

1 week ago | arkansasbusiness.com | George Waldon

An 80-unit apartment project in Little Rock is under new ownership in the wake of a $5.11 million foreclosure sale. Pender ABL I OW LLC, an affiliate of Pender Capital in Los Angeles, recovered Normandy Place at 7111 Indiana Ave. from TMF Normandy Holdings LLC, affiliates of Think Multifamily in Frisco, Texas. Pender ABL then sold the 2.57-acre development for $3.69 million to NPA AP LLC of Dallas.

2 weeks ago | arkansasbusiness.com | George Waldon

A 156-unit multifamily project in midtown Little Rock weighed in at $10.35 million. Narat LLC of New York; Doogan Georgetown LLC of Centennial, Colorado; Omreus 7 Inc. of New York; and Yasmin M Collazo MD LLC of New York bought Georgetown Apartments at 18 Nottingham Road. The sellers are a trio of out-of-state investors: Georgetown Ventures LLC of Tulsa; PCF DE LLC of Reno, Nevada; and Axiomm Properties 2 LLC of Reno.

2 weeks ago | arkansasbusiness.com | George Waldon

Mena’s Union Bank is expanding its presence in the $1.6 billion-deposit Russellville market with its first full-service branch. The $665 million-asset lender is accomplishing the move by upgrading its loan production office, which opened last summer at 500 W. Main St., Suite 112. “Our goal is to be open by the first of July,” said Jarrod Yarnell, CEO of Union Bank. Ten other banks are on the ground with full-service operations in Russellville.

3 weeks ago | arkansasbusiness.com | George Waldon

A 107-room hotel in downtown Little Rock tipped the scales at $11.27 million. RILR River Market LLC, led by Bhavin Sharolia, purchased the Residence Inn Marriott at 219 River Market Ave. The seller is SREIT RI Little Rock Propco LLC, an affiliate of Starwood Property Trust in Greenwich, Connecticut. The deal is funded with a three-year loan of $11.9 million from Arvest Bank of Fayetteville.