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Sales talk.


Have you heard a west Little Rock retail/office center soon may have a new owner?

We're told two central Arkansas investors, brothers in fact, are working on a deal to buy Pavilion in the Park.

The 82,000-SF project, purchased for $6 million in 2003, is owned by one of Gene Cauley's many limited liability companies.

Such a would-be deal makes sense because the former Little Rock lawyer is liquidating assets to raise $8.8 million.

That's how much Cauley owes to clients in The Bisys Group classaction settlement trust, an account he dipped into to shore up personal cash flow problems.

Full restitution is a noble goal in advance of standing before a federal judge for sentencing, now scheduled for Nov. 23.

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Article Details
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Title Annotation:WHISPERS
Publication:Arkansas Business
Article Type:Brief article
Geographic Code:1U7AR
Date:Oct 26, 2009
Words:124
Previous Article:For sale.(WHISPERS)
Next Article:Lien two.(Cadena Construction Inc)(Brief article)
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