Blue Crane, the Bentonville developer, has closed a real estate deal to buy approximately 2,700 acres of undeveloped land from Cooper Communities Inc. of Rogers. Blue Crane announced the transaction on Thursday (May 9). According to a news release, the land is situated throughout Bella Vista in Benton County, with most of it on the city’s west side.
Cortado Ventures, an early-stage venture capital firm in Oklahoma City with more than $110 million in assets under management (AUM), will host its second annual Midcontinent Venture Capital Summit on May 9 at Ledger in downtown Bentonville. Cortado Ventures is bringing the event to Northwest Arkansas to highlight the flourishing startup technology industry in middle America. Last year’s gathering in Oklahoma drew over 250 founders, investors and supporters of entrepreneurial ecosystems from 15 states and five countries.
Bentonville real estate developer Blue Crane completed a real estate acquisition for approximately 54 acres in Bella Vista in three separate deals totaling $33.9 million, laying the groundwork for future developments. The property acquired lies east of U.S. Highway 71 Business and includes the 9.5-acre, 48,000-square-foot Sugar Creek Shopping Center, a multi-tenant shopping center anchored by a grocery store, Allen’s Food Market. The remaining land is north and east of the shopping center.
Researchers determined that the region’s nonprofit arts and culture industry and their devoted audiences generated $232.6 million in economic activity in 2022. New reports by the national nonprofit Americans for the Arts included the findings. The study was completed in conjunction with Northwest Arkansas nonprofit Creative Arkansas Community Hub & Exchange (CACHE), Arkansas Arts Council and Arkansans for the Arts.
LIVSN Designs, a sustainable outdoor apparel brand built on the idea that you need great clothing to live a well-worn life, is pleased to announce that it has raised a round of seed capital led by RZC Investments, a Bentonville-based multi-strategy investment firm deploying capital on behalf of Steuart Walton and Tom Walton.
The investment is a strategic step in furthering LIVSN’s commitment to redefining outdoor apparel through sustainability and innovation, and will support team expansion, further product-line diversification, and distribution scale-up. RZC was joined in investment by Cadron Capital Partners and Techstars, among others.
“Northwest Arkansas has seen an explosion in the outdoor economy due to strategic investments in infrastructure and experiences,” Tom Walton said. “There’s no reason a person couldn’t start a small business or make a career in the outdoor industry here. And it’s the council’s job to make those opportunities visible to all Arkansans. We used to be called the Land of Opportunity, and now we are the Natural State. There’s no reason we can’t be both.”
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