In The News

Real Estate, Infrastructure Continue Growth, Improvement in Conway

Millions of dollars have been invested in improving Conway infrastructure and adding retail destinations to the growing city, and according to panelists at the first Outlook Conway conference on Tuesday, the development isn’t slowing.

Members of a commercial real estate panel discussed projects by their respective companies, including multimillion-dollar retail centers and strip malls. They also talked about the history of the city and the growth they have seen in the area.

Panelists were Woody Rush, senior vice president of leasing, Jim Wilson & Associates of Montgomery, Alabama; Joshua Brown, principal of Haag Brown Commercial of Jonesboro; Brent Salter, vice president of Salter Properties of Conway; Greg Nabholz, CEO, Nabholz Properties Inc. of Conway; and Hank Kelley, CEO and partner of Flake and Kelley Commercial of Little Rock.

The panel was moderated by George Waldon, a senior editor at Arkansas Business who covers commercial real estate and banking.

“For somebody who’s born and raised in Conway to see the transformation – it was 20,000 when I was in high school and 65,000 now,” Nabholz said. “One of the most exciting things for me is the revitalization of downtown Conway has been huge.”

Nabholz said that the city’s colleges help provide an attractive environment to develop around and that he sees a lot of demand in the health care, technology and creative sectors.

“A lot of that [demand] is from people who are starting new companies, but these are homegrown businesses being started here, and that’s exciting because they’re going to stay,” Nabholz said. “We don’t have to worry about a corporate decision in NYC or something and they leave.”

Rush, whose company is pre-leasing space at the city’s highest profile retailer development, the planned Shoppes at Central Landing, said Internet sales are taking away from brick and mortar. But in Conway, retail sales remain “tremendous.”

In order to attract tenants to the city, Kelley said Conway must market itself as part of a bigger “central Arkansas” area. He said by highlighting the region as a whole rather than only the county, it allows them to capitalize on the area’s strengths.

“Conway is a bright spot in the north Arkansas market, but I encourage you to think of yourself as something bigger than one county,” Kelley said.

With a median age of 29.3 and median household income of about $51,000, Kelley said Conway is a prime destination for new retailers.

Brown agreed and said Conway has the advantage of being able to play off Little Rock and central Arkansas area. He said potential retailers can look at Conway and see that people can easily come from other cities in central Arkansas to shop there.

 

Article originally ran in Arkansas Business by Alexis Hosticka.
http://www.arkansasbusiness.com/article/111183/real-estate-infrastructure-continue-growth-improvement-in-Conway

Eddie Bailey Awarded CCIM Designation

Eddie Bailey NEW

Eddie Bailey, CCIM, of Flake & Kelley Commercial has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The designation was awarded during the Institute’s Midyear business meetings April 5 in Chicago.

Bailey was among the 149 commercial real estate professionals who earned the designation by passing the CCIM Institute’s Comprehensive Examination, the final element in the designation process. This new group of CCIM designees hails from 38 U.S. states, the District of Columbia, and several provinces in Canada.

“CCIM designees are respected industry-wide for the fundamental Real Estate knowledge learned throughout the course”, Bailey said. “Obtaining the designation has been a personal goal of mine since 2012 and I’m proud to now be a Member.”

The CCIM designation is awarded to commercial real estate professionals upon successful completion of an advanced analytical curriculum and presentation of a portfolio of qualifying industry experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis — the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.

Learn more about the CCIM Institute’s education and designation program at www.ccim.com

Bill Pendergist Honored as Member of Arkansas Business 40 Under 40

Bill-PendergistEach year, Arkansas Business honors 40 intriguing business and political leaders under 40 years old who bear watching. The Arkansas Business 40 Under 40 honorees are nominated by readers and chosen by the editors of Arkansas Business. Congratulations to Bill Pendergist for being chosen as part of the 2016 class of 40 Under 40.

 

Eat My Catfish to Open in Little Rock

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Eat My Catfish lease signing with Travis Hester and his business partner.

Benton-based Eat My Catfish has announced construction on a new location in Little Rock. The restaurant will open at 10301 N Rodney Parham Rd, the former location of Barbara Graves. The plaza sits directly in front of the Breckenridge Theatre at the corner of I-430 and Rodney Parham Rd. Eat My Catfish started as a food truck in Benton in 2008. Owner and President Travis Hester was 24 at the time. In January of 2012, Hester opened their first brick & mortar location in Benton, and their second in Conway in 2013. Eat My Catfish currently operates these two dine-in restaurants, as well as two on-site catering trailers. In 2015, they catered over 350 events. They are also the largest seller of crawfish (cooked and live) in the state of Arkansas, and the 2016 winner of Arkansas Times’ “Best Seafood around the State” award. The new Little Rock store have live crawfish and fresh Gulf Shrimp available for purchase. Diners can expect a wide variety of quick-serve food, including catfish, crawfish, chicken, shrimp, and more. Their philosophy is simple, start with good fresh food, serve it fast and give great customer service. Each location provides ample seating indoors, and the Benton and Little Rock locations include outdoor patio seating. The new restaurant is expected to open in June of 2016 – just in time for Fourth of July crawfish boils. For more information about Eat My Catfish, visit eatmycatfish.com. For media inquiries, please contact info@kangabloo.com.