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. |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion