In The News

Looking Ahead: The Top Ten Issues Affecting Real Estate in 2027

Posted on 10/13/26

Each year, The Counselors of Real Estate® identifies the top issues expected to influence the real estate industry. Its 2027 report examines the challenges and opportunities shaping investment, development and property decisions in the year ahead.

Artificial intelligence leads this year’s list, followed by capital markets and construction costs. The report also explores how population shifts, housing availability and changing office needs are influencing real estate markets.

The 2027 Top Ten Issues Affecting Real Estate are:

The Power of AI
The Capital Markets
Construction Costs & The Supply Chain
Geopolitics: Pricing Risk in a Complex World
The Migration Equation
Housing Attainability
Distressed Assets & The Refinancing Risk
The High Cost of Climate Risk
The Labor Crunch
Office Sector Transformation

For property owners, investors and businesses in Arkansas, these topics offer a useful starting point for considering how broader industry changes may affect local plans. At Kelley Commercial Partners, we believe informed decisions begin with understanding both the larger market and the details of each property.

Explore the findings in the full 2027 report and watch the accompanying video.

From 72% to Fully Leased: Tanglewood Center Reaches 100% Occupancy

Posted on 07/10/26

Tanglewood Center in Little Rock is officially 100% leased!

When Kelley Commercial Partners was selected to manage and lease Tanglewood Center in 2022, the property was 72% occupied. Our team embraced the opportunity to revitalize one of Little Rock’s most recognizable neighborhood centers and create a stronger destination for businesses and the surrounding community.

With a significant investment from ownership, including a new roof, upgraded parking lot lighting, and a complete renovation of the South Building’s second-floor suites, Tanglewood Center has undergone a remarkable transformation.

We are proud to announce that, effective August 1, 2026, Tanglewood Center will be 100% occupied.

Anchored by well-known tenants such as Edwards Food Giant, Starbucks, Anytime Fitness, and Norwood Day Floral, Tanglewood offers far more than traditional retail. The South Building has evolved into a vibrant hub for creatives, entrepreneurs, service providers, and families, with tenants that include art studios, design firms, aesthetic services, and youth-focused educational programs.

After the traditional workday ends, the center remains active with cooking classes at Creative Culinary Kids, art instruction at AR Art Studio, music lessons at Rosen’s Music Store, dance classes at Dancer’s Corner, and activities offered by many other locally owned businesses.

Collectively known as “The Studios at Tanglewood”, these tenants have created a genuine sense of community. Their semiannual open houses bring local families and small businesses together while introducing visitors to the wide variety of services, classes, and experiences available at the center.

“We are grateful to the ownership for giving us the opportunity to bring this longtime Cantrell Road property back to life and create what we believe is one of the best tenant mixes in town,” said Kaley Tucker, KCP Senior Property Manager and Leasing Agent.

Reaching 100% occupancy reflects the commitment of ownership, the dedication of the KCP property management and leasing teams, and the outstanding local and national businesses that have chosen to call Tanglewood Center home.

We look forward to seeing this thriving community destination continue to grow.

Looking for a property management and leasing team that can help your commercial property reach its full potential? Kelley Commercial Partners is ready to help!

St. Joseph Center Farm Store Coming Soon to Breckenridge Village

Posted on 05/20/26

st-joseph-center-of-arkansas Breckenridge Village continues to grow as a neighborhood destination for food, shopping, and community connection. We are excited to share that St. Joseph Center of Arkansas has announced plans to open a new Farm Store at Breckenridge Village later this year.

The new Farm Store will share a building with The Root Cafe, creating a natural fit for a center that is quickly becoming a hub for locally focused food and community gathering. According to St. Joseph Center, the store will feature locally grown produce, value-added products, and Arkansas-made goods similar to what customers loved at its original farm store.

This announcement comes alongside the successful launch of the West Little Rock Farmers Market, which is held at Breckenridge Village on Saturdays from 8 a.m. to noon. St. Joseph Center noted that close to 2,000 people attended the market on April 18, a strong sign of the community’s interest in supporting local farmers, makers, and food producers.

For Breckenridge Village, the addition of the Farm Store is another meaningful step in the center’s continued revitalization. The goal has always been to create more than a shopping center. Breckenridge is becoming a place where people can meet friends for a meal, shop local, enjoy events, and feel connected to the community around them.

We are proud to welcome St. Joseph Center of Arkansas to Breckenridge Village and look forward to seeing the Farm Store become part of the center’s growing local food scene.

Read St. Joseph Center’s full announcement HERE

RESCHEDULED!! Community Engagement Meeting: Little Rock I-30 Deck Park Planning Study (February 09, 2026)

Posted on 01/14/26

Little Rock Community Engagement Meeting #1

Update: The Community Engagement Meeting originally scheduled for late January has been rescheduled to Monday, February 9, 2026, from 4:30–6:30 p.m. at CALS Main Library (Darragh Center – 5th Floor), 100 Rock Street, Little Rock, AR.

Big community projects work best when the community is involved early, and this is a great opportunity to be part of the conversation.

The City of Little Rock is leading the I-30 Deck Park Planning Study, which is exploring the feasibility and early concepts for a deck park spanning across I-30 between 6th Street and 9th Street. A deck park is an urban green space built on a structural deck over a roadway, designed to help reconnect areas divided by a highway while creating new public space.

Hank Kelley is serving on the project’s Community Advisory Board (CAB), and he encourages anyone who cares about Downtown Little Rock, connectivity, and smart long-term planning to attend and share input.

Click here for more info.

The Residences at Gracie Mansion Sells to Local Historic Multifamily Owners

Posted on 12/12/25

Haybar Properties has announced the sale of The Residences at Gracie Mansion in downtown Little Rock to Mark Brown and Jill Judy of Downtown Dwellings. Brown and Judy are known for acquiring, restoring, and managing historic multifamily properties throughout the downtown area.

The seller group included Haybar owner Bryan Hosto, architect Tim Heiple, investor Bo Briggs, and Hank Kelley of Kelley Commercial Partners, each holding a quarter interest. The 75-unit property sold through a national auction for $5.7 million, as reported by Arkansas Business.

The partnership originally acquired the property in 2011 when it was in significant disrepair and invested heavily in restoring the 3-acre site, including the historic Absalom Fowler House and the surrounding apartment buildings. Kelley Commercial Partners has served as property manager since the renovation was completed in 2013.

We are pleased that The Residences at Gracie Mansion will remain in the hands of engaged local owners who share a commitment to caring for residents and preserving downtown’s historic fabric.

Read the full article from Arkansas Business here: https://www.arkansasbusiness.com/article/gracie-mansion-apartments-sold-little-rock/