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Partnership acquires property in Rogers

A new real estate partnership has purchased Village on the Creeks in Rogers for $32.3 million from Little Rock-based CapRocq Core Real Estate Fund II.

The commercial center's new owner is Ozre Capital. The group includes Steve Brooks and Conner Eldridge of the Eldridge Brooks Law Firm and Tom Gordon and Greg Smart, founders of Slim Chickens.

Ozre intends to make further investments in Northwest Arkansas real estate, according to a release.

Village on the Creeks is a 40-acre commercial real estate development at the intersection of Interstate 49 and New Hope Road in Rogers. The property has a variety of tenants including vendors, professional service firms, retail and restaurants, according to the release.

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Devereux Management will remain as the property's manager.

-- John Magsam

Virus-case website focuses on Walmart

A grassroots group called United for Respect at Walmart has created a website where Walmart Inc.'s U.S. employees can anonymously report confirmed cases of covid-19 at their stores or warehouses.

The site at showed 604 reports as of Wednesday. Employees report details such as the store or warehouse number and location; number of cases; and the source of the information -- typically a co-worker, manager or the media.

United for Respect says in a disclaimer on the site that it does not independently verify the submitted information and can't guarantee its accuracy or completeness.

Ruby Ann Woolwine, a Walmart employee in Michigan and member of United for Respect, said the retailer fails to clearly communicate to workers when a colleague at their facility has tested positive for the virus.

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"The tracker will allow associates to keep each other informed and safe and keep our customers safe, too," Woolwine said.

A Walmart spokesman said Wednesday that the company has "provided guidance for managers on informing associates of a confirmed case in a store, club or facility."

-- Serenah McKay

Index climbs 10.11, ends day at 363.79

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Wednesday at 363.79, up 10.11.

"An unexpected drop in weekly crude oil inventory data boosted investor sentiment regarding economic activity as equities rose higher with the energy and communication services sectors outperforming the broader market," said Leon Lants, managing director at Stephens Inc. in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 05/21/2020

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