Correction: Chris Moses is president of Moses Tucker Real Estate. His last name was incorrect in a brief below.
Moses Tucker acquires apartments on Capitol
Moses Tucker Real Estate said in a news release Wednesday that “an affiliate” has bought the Voss Apartments at 401 E.
Capitol Ave. and plans a $1 million remodeling of the building.
Moses Tucker, which is one of the leaders in downtown’s redevelopment, bought - through the affiliate - the three story, 12-unit building from Tri-B Realty of North Little Rock.
The apartments are across Capitol Avenue from the site where Moses Tucker’s MacArthur Commons, an 84-apartment complex, will be built.
The Voss apartments, built in 1936 in a Frank Lloyd Wright-inspired prairie style, will be renamed “The Magnolia.”
Moses Tucker President Chris Tucker said in the release that “we will completely renovate all the units over the course of the next 6-9 months.” Heating and cooling systems will be replaced, as will appliances. Bathrooms will be expanded and a patio and garden area added.
Rent will range from $775 to $900 a month. One resident now pays $445 a month, including water.
- Jack Weatherly
LR coffee klatches to mentor startups
Entrepreneurs in central Arkansas will be able to meet with their peers over coffee with the start of a weekly 1 Million Cups program beginning April 16.
The program, founded in Kansas City, Mo., in 2012 by Kauffman Labs for Enterprise Creation at the Ewing Marion Kauffman Foundation, will be the 33rd entry into the 1 Million Cups network. The gatherings give entrepreneurs an opportunity to talk to startup business mentors, advisers and other entrepreneurs.
The gatherings in Little Rock, hosted by the Arkansas Venture Center, will be held 9 a.m. each Wednesday at the Little Rock Regional Chamber of Commerce, 200 E. Markham St.
- Glen Chase
Arkansas Index falls; Dillard’s top gainer
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 2.66 to 329.83 Wednesday.
“U.S. stocks fell flat on Wednesday in a choppy trading session that saw stocks swing from gains to losses, with the technology sector leading the way down,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock.
Four index stocks rose, and 13 fell.
Acxiom shares fell 3.6 percent on light volume.
Deltic Timber was off 2.9 percent on average volume.
Dillard’s shares led the winners, gaining 1.1 percent in below-average trading.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 25 on 03/27/2014