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Article: 'Fortune 1' keeps real estate booming in NW Arkansas: area's commercial real estate like no other.
- Article from:
- Arkansas Business
- Article date:
- June 16, 2003
- Author:
CopyrightCOPYRIGHT 2003 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORTH WEST ARKANSAS HAS the only member of the Fortune 1 club, and Ramsay Ball believes that makes it impossible to compare the local commercial market to any other.
Ball is most familiar with the commercial real estate market in Little Rock, where he spent 20 years in that field before joining Steve Lane to form Lane Real Estate Co. in Rogers last November Steve Lane's background includes working with the real estate division of WalMart Stores Inc. in Bentonville, the world's largest company.
"I've been coming up [to northwest Arkansas] for 10 years trying to figure Out absorption, and you just can't do it," Bali said. "There's no model for it. There's ...