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Real Deals: Missouri buyer orders up Burger King investment in Bentonville – Talk Business & Politics

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Real Deals: Missouri buyer orders up Burger King investment in Bentonville – Talk Business & Politics


A 3,014-square-foot retail building in Bentonville’s Commerce Centre development recently sold for $2.2 million, or $729.92 per square foot.

Curtis Jared, a commercial real estate investor in Springfield, Mo., bought the single-story building at 1700 S. Walton Blvd. The Christoffers Revocable Trust, led by trustee Debra Christoffers, was the seller.

Guaranty Bank in Springfield, Mo., backed the deal with a $1.32 million loan. City Title & Closing of Fayetteville was the title agent.

The single-story building was built in 2000 and remodeled in 2015. It is triple-net leased to Burger King, which has approximately 11 years left on a 20-year lease. The building sold with a cap rate of 6.56%. The restaurant is operated by a franchisee.

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In 2019, Christoffers paid $2.57 million for the property, which equaled $852.68 per square foot. Kwangho Taehee LLC, managed by Kwang Ho Cha, was the seller.

BEAVER LAKE ABODE
A 2,728-square-foot residence on Beaver Lake in Benton County sold recently for $1.32 million. The purchase price equals $468 per square foot.

Stan and Kelly Fulk bought the three-bedroom residence on Ravenshoe Road. Erin Kyle was the seller.

HSBC Bank USA of New York backed the deal with a 30-year, $993,750 loan. Harbor Closing & Title of Rogers was the title agent. The Limbird Team with Limbird Real Estate Group of Rogers represented the buyer. Jan Holland with Coldwell Banker Harris McHaney & Faucette of Bentonville represented the seller.

The 1.16-acre development was built in 2008. It includes a private boat dock with four slips. Kyle paid $1.1 million for the property in December 2022. Josh and Shannon MacNeel were the sellers. MacNeel paid $90,000 for the land in March 2007. Marc and Brenda Riney were the sellers.

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Riney paid $75,000 for the lot in March 2004. Will and Libby Green were the sellers.

PINNACLE RESIDENCE
A 5,858-square-foot residence inside the gated Pinnacle Country Club neighborhood in Rogers sold recently for $1.3 million. The purchase price equals $222 per square foot.

Casey and Brittany Flippo bought the five-bedroom home on West Champions Boulevard. Barnes Ventures LLC, led by Rodney Barnes, was the seller.

Central Bank in Little Rock backed the deal with a 30-year, $1.28 million loan. Advantage Title in Bentonville was the title agent. The Limbird Team with Limbird Real Estate Group in Rogers was the listing agent. Jackson Hogue with Collier & Associates in Fayetteville represented the buyer.

Camelot Construction built the home in 2006 on a 0.37-acre lot. Barnes Ventures paid $1 million for the property in September 2021. Michael Cattaneo was the seller. Cattaneo bought the residence in September 2017 for $649,000. National Equity Inc. was the seller.

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HUDSON HOLDINGS
Commercial acreage north of West Hudson Road (Highway 62) near the entrance to Lost Springs Golf & Athletic Club in Rogers sold recently for $1.2 million.

Knuckleheads Investments LLC, a Texas company, bought the 2.57-acre site, which is bordered to the west by North 23rd Street and to the east by North 22nd Street. Ashley Rehabilitation and Health Care Center is to the north.

Louis and Shannon Froud were the sellers. The purchase price equals $10.72 per square foot.

Real Deals submissions: Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at [email protected]. Please write ‘Real Deals’ in the subject line.

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Missouri

Missouri attorney general candidates discuss IVF, fighting crime, education, defending senators – Missourinet

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Missouri attorney general candidates discuss IVF, fighting crime, education, defending senators – Missourinet


Two candidates running for Missouri attorney general discussed a variety of topics during a forum Monday. The event was hosted by the Federalist Society.

Republican Will Scharf and Democrat Elad Gross participated in the forum; Republican Attorney General Andrew Bailey did not participate.

Scharf, who is on Donald Trump’s legal team, said Missouri is failing on fighting crime. He said the state should be prosecuting more violent crime – not less.

“We have underfunded, undermanned police departments,” said Scharf. “On the prosecution front, you have far too many cases being lost, far too many cases that are never even being brought certainly the way that they should be. Plea deals are out of control and rampant. And lastly, we’re a deep red state with deep blue courts. Our bail laws are far too weak. We need much tougher rules on pretrial detention.”

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Gross, who is a civil rights attorney, said reinvesting in the community will get better results, such as stable housing, and boosting job opportunities and education. They both criticized Bailey about his direction on fighting crime.

U.S. Congress is debating whether to protect invitro fertilization access to help women have children. Gross said the state and federal governments should pass these protections for reproductive rights.

“But there’s questions right now about the language to the point where we’ve got Republicans and Democrats in our state legislature talking about passing a law to protect IVF. That’s how extreme we’ve gotten in Missouri,” said Gross.

Scharf said Missouri law does not endanger IVF.

Scharf said the Missouri Department of Elementary and Secondary Education should be investigated. He said the state’s educational system should focus on parental rights and student achievement.

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“I think we need to understand how this completely unaccountable bureaucracy is so comprehensively failing our students and our families all over the state, and why it’s done so for so long. We have a real problem with government accountability in Jefferson City,” said Scharf. “Deep state bureaucrats, you can call them, a lot of my supporters would, run this state in a way that has left our core governmental functions like education.”

Gross said parental rights belong to parents when it comes to education.

Louisiana has adopted a law which requires public schools there to display the Ten Commandments in classrooms. Gross said the law is unconstitutional.

“It’s a waste of the taxpayers in Louisiana’s money,” said Gross. “It’s going to be a waste of our money if it comes here. And if you want to spend that money somewhere, just because you want to put it somewhere, put it into civic education, put it into our classrooms, put it on issues that actually matter.”

Missouri Attorney General candidate Will Scharf said putting up a Ten Commandments display in classrooms is constitutional and Missouri should follow Louisiana.

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The Missouri Attorney General’s Office is defending three state senators in defamation lawsuits for misidentifying a Kansas City Super Bowl parade shooter. Sens. Rick Brattin, R-Harrisonville, Denny Hoskins, R-Warrensburg, and Nick Schroer, R-Wentzville, posted a photo of a Kansas man on social media, incorrectly stating that he is an undocumented immigrant and the mass shooter. Now, Denton Loudermill of Kansas is suing the ultra conservatives in a Kansas federal court.

Scharf disagrees on the lawsuits in more ways than one.

“The lawsuit itself is garbage. The statements in question weren’t defamatory. They don’t meet the standard for defamation under the law,” said Scharf. “That having been said, I don’t think the AGs office has any role here, and I think that the AGs office should not have intervened. The legal arguments that they’ve made for why they needed to intervene, about protecting Missouri jurisdiction or something like that, are absolute bunk.”

The Missouri Attorney General’s office argue that the senators are protected by legislative immunity because they were acting in their official capacity when they posted their comments.

Gross said state taxpayers should not pay for the legal bills in these cases.

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More than 20 people were shot at the celebration and one woman was killed.

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Federal judges in Kansas, Missouri stop student loan relief plan

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Federal judges in Kansas, Missouri stop student loan relief plan


WASHINGTON (NEXSTAR) – The next phase of the Biden administration’s student loan debt relief plan has been put on ice.

U.S. District Judge Daniel Crabtree in Kansas and U.S. District Judge John Ross in Missouri both issued rulings in cases brought by the state attorneys general.

In Kansas, Judge Crabtree allowed some but not all of the proposed relief to go through. Students who borrowed $12,000 or less will have the rest of their loans forgiven if they make 10 years’ worth of payments, instead of the standard 25. But students who had larger loans cannot have their monthly payments lowered and their required payment period reduced from 25 years to 20 years.

In Missouri, Judge Ross’ order says that the U.S. Department of Education cannot forgive loan balances going forward but could lower monthly payments.

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The rulings are seen as wins for Missouri Attorney General Andrew Bailey and Kansas Attorney General Kris Kobach.

“Only Congress has the power of the purse, not the President,” Bailey said in a statement.

In a statement, White House press secretary Karine Jean-Pierre said the Biden administration “will never stop fighting for students and borrowers — no matter how many roadblocks Republican elected officials and special interests put in our way.”

It is still possible that borrowers see changes in their payments, however this injunction will prevent the intended number of borrowers affected.

The Associated Press contributed to this report.

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Absentee voting begins today for Missouri’s primary election – Missourinet

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Absentee voting begins today for Missouri’s primary election – Missourinet


Missouri’s primary election season is in full swing. Voters can now request an absentee ballot from their local election office.

Some of the major races on the ballot include Missouri candidates running for governor, state treasurer, attorney general, secretary of state, U.S. Congressional seats, and U.S. Senator. Several seats are also up for grabs in the Missouri House and Senate.

Ballot initiatives coming up for a vote on August 6th include asking voters whether Missouri childcare centers should be exempt from property taxes, and a redo vote about increased funding for the Kansas City Police Department.

Absentee voting is an option for registered voters who will be absent from their election authority jurisdiction on Election Day; confined due to illness or physical disability; taking care of someone who is confined due to illness or physical disability; have religious reasons; are an election worker or in jail, are a domestic violence victim participating in Missouri’s address confidentiality program.

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To vote absentee by mail, contact the nearest local election office.

To vote absentee without an excuse, that option is available in person two weeks leading up to Election Day. A nonexpired driver or non-driver’s license, military ID, or passport is required.

The last day to register to vote to participate in the August primary is July 10th.

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