Engel & Volkers opens LR real estate shop
Engel & Volkers, a real estate brand founded in Hamburg, Germany, in 1977, has opened the firm's first real estate shop in Arkansas.
Pulaski Heights Realty is now doing business as Engel & Volkers Little Rock. The brokerage will continue to be led by license partners John and Jena Selva.
John Selva spent the past 11 years leading Pulaski Heights Realty, which last year handled more than $25 million in sales.
Engel & Volkers Little Rock has seven real estate agents. The shop will serve homebuyers and sellers primarily in the areas of Little Rock, North Little Rock, Maumelle, Bryant and Benton.
Engel & Volkers operates a global network of more than 11,000 real estate advisers in more than 30 countries. Its U.S. headquarters is in New York.
-- David Smith
Windstream Internet speed job done early
Windstream completed its plan to double the availability of 100 megabytes per second Internet service about six weeks ahead of schedule, the Little Rock telecommunications company said Friday.
About 34 percent of households in local exchanges across Windstream's 18-state market have an Internet service speed of 100 megabytes per second, the company said. Windstream said it had anticipated reaching that goal by the end of March, but the work was completed by mid-February.
Half of the households served by Windstream have Internet service that reaches 50 megabytes per second, up from 40 percent at the end of 2018.
"We have taken steps to speed up our broadband deployment process, and that's nothing but good news for some of the most rural communities in the nation," said Jeff Small, president of the company's consumer and small and medium-sized business segment.
Among the services Windstream provides are broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states. The company this week postponed the release of its quarterly earnings report until as late as March 18 as it responds to a New York federal court ruling that it defaulted on some of its bonds in 2015.
-- David Smith
Arkansas Index dips, led by Windstream
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 0.72 to 419.20 Friday.
Windstream shares fell 10.7 percent in heavy trading Friday and were down about 75 percent for the week. Uniti Group, a spinoff from Windstream, finished the week down 54 percent.
Total volume for the index was 42 million shares. The average daily volume for the week was 56.3 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 02/23/2019