Jeff Della Rosa

3 weeks ago | talkbusiness.net | Jeff Della Rosa

A 5,825-square-foot tunnel car wash in Bentonville has a new owner after a recent transaction worth $5.55 million. The purchase price equals $953 per square foot. Springfield, Mo.-based Big Ranch LLC, led by Michael L. Seitz and Thomas W. Kissee, bought the Splash Car Wash building at 1005 S. Walton Blvd. Big Ranch shares an address with Triple S. Properties Inc., whose president is Seitz. The seller was Little Rock-based Splash Redbud LLC, managed by Drew Holbert.

3 weeks ago | talkbusiness.net | Jeff Della Rosa

Northwest Arkansas National Airport (XNA) in Highfill anticipates continued growth in enplanements, potentially reaching a new monthly record in May, as the airport still seeks to detach from the city. Enplanements comprise passengers flying out. On Tuesday (June 3), the XNA Board of Directors rejected a settlement offer from Highfill and rescinded its previous settlement offer after officials thought they’d reached an agreement in March.

3 weeks ago | talkbusiness.net | Jeff Della Rosa

Contractors have prepared for and continue to discuss how import tariffs – either proposed, implemented, sometimes rescinded or reduced by the Trump Administration – will impact construction material prices in Northwest Arkansas, but the timing of the impact is unclear. Still, contractors have experienced some price increases following the tariffs. According to trade group Associated Builders and Contractors (ABC), tariffs contributed to a rise in construction materials prices in March.

3 weeks ago | talkbusiness.net | Jeff Della Rosa

A 228-unit student apartment complex near the University of Arkansas in Fayetteville recently changed hands for $75.31 million. The purchase price equals $330,333 per unit. Rye, N.Y.-based Timberline Real Estate Ventures, whose founding principal is Andrew Stark, bought the 840-bed Hill Place Apartments at 754 S. Royal Oak Parkway. Timberline Real Estate Ventures is a real estate operator and investment manager that has completed more than $3.5 billion in transactions since 2012.

3 weeks ago | talkbusiness.net | Jeff Della Rosa

A 272-unit student housing project near the University of Arkansas is expected to open in August 2027, according to a Monday (June 2) news release. A commercial building permit valued at $97.19 million is pending with the city of Fayetteville. The seven-story, 532,300-square-foot Verve Fayetteville will be built at 707 W. Treadwell St., at the site of 40-unit Summit Terrace and adjacent lots. The property is south of the 228-unit Atmosphere and west of the 96-unit Eco Modern Flats.