A look at important real estate transactions. (Real deals).Pizza Purchase A near half-acre franchise restaurant development in southwest Little Rock rang up a $1 million sale/leaseback deal. Crest Net Lease Inc., led by P.J. Whitworth, bought the Pizza Hut project at 10310 Mabelvale Plaza Drive. The seller was NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. International Inc. of Lenexa, Kan., owner of hundreds of Pizza Hut outlets. NPC purchased the site off Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. 30 at Base Line Road for a $319,000 land deal ($8.68 per SF) in December 1999 from Conservative Development Co., led by Rick Ashley. The land was part of a 44.4-acre tract that Conservative purchased from Agnes Martin Agnes Martin (March 22, 1912 – December 16, 2004) was a Canadian-American painter, often referred to as a minimalist, although she considered herself an abstract expressionist. and Marilyn Garner in September 1992 for $1.62 million (84 cents per SF). NLR NLR Nationaal Lucht en Ruimtevaartlaboratorium (Dutch: National Aerospace Laboratory, the Netherlands) NLR No License Required NLR Narrow-Line Region (astronomy) NLR Nazi Low Riders Land Buy An undeveloped 10-acre tract in North Little Rock is under new ownership after a $625,000 deal ($1.40 per SF). Richjohn Development LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , led by John Burkhalter and William Keith William Keith may refer to:
Peck Children's Trust (75 percent), led by Clifton B. Peck III and his wife, Beverly, and Richard C. Butler (25 percent) acquired the land in January 1999 from Richard and Myra Harrison for $435,000. The Harrisons assembled the land in two buys totaling $276,000. The sellers were Carrie Thompson, Oddie Norman, Myrtle Bircher, Albert Reddick Jr. and Novelia Reddick, $170,000 in September 1985; and Pauline Tolbert, Patricia Tolbert, Carl Tolbert, Orin Tolbert, Sheila Tolbert, Earl and Faye Tolbert, Elza and Londena Hunter and Charles Tolbert, $106,000 in November 1987. Jacksonville Project A commercial property in Jacksonville shifted ownership in a transaction valued at $502,000. TTRL TTRL Tightness Testing and Research Laboratory LLC, led by Charles Troutman, Toby Troutman and Tommy Lasiter, acquiredthe 3.3-acre site near the southwest corner of John Harden hard·en v. hard·ened, hard·en·ing, hard·ens v.tr. 1. To make hard or harder. 2. To enable to withstand physical or mental hardship. 3. Drive and Vandenberg Boulevard. The sellers were the Troutmans. The deal is backed with a five-year loan of $2.6 million from Metropolitan National Bank of Little Rock. The property previously was tied to a November 1991 mortgage of $285,000 held by Castles By Camelot Inc., led by Harold and Lois Kohnert. The Troutmans bought the property for $295,000 in January 1991 from Do-It-Yourself Auto Repairs Inc., led by the Kohnerts. Castles By Camelot assembled the land in two buys totaling $67,500. The sellers were Paul and Helen Dupree, $43,000 in November 1976; and A.E. and Janet Caignon, $24,500 in December 1970. Site Sale A 3.5-acre commercial site in North Little Rock changed hands in a $240,000 deal ($1.50 per SF). Solid Foundations LLC, led by Teddy Skokos, bought the land near the northeast corner of Northshore Place and Northshore Drive. The seller is Pfeifer Family Ltd. No. 1, led by Eugene Pfeifer III. The land was part of a 600-acre tract along the Arkansas River Arkansas River River, rising in central Colorado, U.S. At 1,450 mi (2,333 km) long, it flows east through southern Kansas and southeast across northeastern Oklahoma and bisects Arkansas, where it empties into the Mississippi River. near the southeast corner of Interstate 430 and Crystal Hill Road that the limited partnership purchased in May 2000 for $2.1 million. The sellers were Karen Smith Karen Smith (born January 30, 1979 in Toowoomba, Queensland) is a former field hockey midfield player from Australia, who earned a total number of 257 international caps for the Women's National Team, in which she scored 45 goals. Riecke and North Shore Ltd., led by Harold Tenenbaum. The land was linked with a May 2000 mortgage of $1.35 million held by North Shore Ltd. The ownership group acquired the land as part of a $390,000 buy from L.P. and Lurline Smith in October 1969. PV Abode One's home; habitation; place of dwelling; or residence. Ordinarily means "domicile." Living place impermanent in character. The place where a person dwells. Residence of a legal voter. Fixed place of residence for the time being. A 3,381-SF home in west Little Rock's Pleasant Valley neighborhood sold for $502,000. Hill Revocable Trust Revocable Trust A trust whereby provisions can be altered or cancelled dependent on the grantor. During the life of the trust, income earned is distributed to the grantor, and only after death does property transfer to the beneficiaries. , led by Cheryl Hill, purchased the house from Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. and Joan Roepke. The residence previously was linked with a November 1988 mortgage of $280,000 held by the now-defunct First Federal Savings & Loan Association of Arkansas in Little Rock. The Roepkes acquired the home from G. Morrison and Jo Ann Henry in November 1985 from $348,000. The Henrys bought the property from James and Patricia Rasch in July 1977 for $188,000. Office Financing The owners of downtown office space in Little Rock secured a pair of mortgages totaling almost $1.8 million. CJRW Capitol Avenue Partnership, led by Wayne Cranford, and BCCLW Capitol Avenue Partnership, led by William Gaskin gaskin the muscular portion of the hindleg between the stifle and hock, corresponding to the human calf. The term is used in horses and sometimes dogs. and Cranford, obtained the three-year loans from Metropolitan National Bank. The space in the 56,648-SF Capitol Center Building at 303 E. Capitol Ave. previously was tied to a pair of November 1993 mortgages totaling $1.8 million. CJRW, an investor in the development, added to its space with a $400,000 acquisition from BCCLW in November 1993. BCCLW, also an investor in the development, added to its space with a $92,000 purchase in November 1993 from Gordo Gordo, the Spanish word for fat, may refer to:
Terra Funding Development of a 2.5-acre commercial site in Sherwood is backed with a $900,000 funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. . Terraforma LLC, Doug and Sherrie Meyer and David and Jacki Raining, secured the five-year loan from Pinnacle Bank of Little Rock. Terraforma acquired the property at the southwest corner of Warden WARDEN. A guardian; a keeper. This is the name given to various officers: as, the warden of the prison; the wardens of the port of Philadelphia; church wardens. Road and Five Mile Creek in December 1998 as part of a $540,000 deal. The sellers were Carl and Kay Faulkner. Red Brick Mortgage The owner of a 10.58-acre industrial development in south Little Rock picked up a $500,000 financial package. RedBrick red·brick adj. Of, relating to, or being the British universities other than Oxford and Cambridge. [So-called because many of the buildings of such universities were built of red bricks. Management Co. LLC., led by Gerald McNamer, received the five-year loan from Bank of the Ozarks. Red Brick acquired the project at 3300 S. Woodrow St. for $625,000 in July 2001 from Johns Manville International Inc. of Denver.
Mortgage Lending
January-September 2001
mtg. value mortgage
mtg./dep. (*) (millions) volume
Pinnacle Bank 114.65% $80.06 650
Bank of Little Rock (**) 84.08% $61.27 586
Arvest Central Bank (**) 65.95% $60.19 483
Pulaski Bank (**) 47.93% $103.40 974
One Bank & Trust 42.36% $53.68 237
Bank of the Ozarks 41.49% $96.88 536
Simmons First National 37.25% $20.30 174
Eagle Bank & Trust 23.91% $12.90 95
First Arkansas Bank (**) 23.04% $33.57 398
Metropolitan National Bank 22.98% $107.05 651
National Bank at Arkansas 19.70% $17.18 148
Regions Bank (**) 16.34% $141.25 1,023
Superior Federal Bank 15.03% $28.94 312
Bank of America (**) 11.65% $131.07 1,351
Firstar Bank (+) 8.62% $57.02 630
(*)Rankings are determined by the ratio of total mortgages filed by a
bank and its total deposits in Pulaski County as of June 30, 2000. That
number is reflected as a percentage.
(**)Activity of mortgage subsidiaries is included. Lender must have
deposits of at least $50 million in Pulaski County as of June 30, 2000.
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