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Prospects Good: Stability, Growth Seen Ahead for State's Largest Markets

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The prospects for stability and continued growth in Arkansas' largest commercial real estate markets are good. In Northwest Arkansas, Steve Lane is optimistic. After all, What's not to like?

Lane, managing director of the Northwest Arkansas office of Colliers Arkansas, can see what anyone else sees who visits the region or drive through Washington and Benton counties on Interstate 49 - plenty of burgeoning growth and development still, a pent-up economy ready to burst out of the pandemic bubble.

Walmart's new Google-like corporate campus emerging out of Bentonville's limestone bed, signs of further retail, office and multifamily development seemingly around every corner...

In many ways, despite the pandemic, Northwest Arkansas remains, borrowing a line from Seinfeld's Frank Costanza, "the place to be."

"I'm very bullish on Northwest Arkansas," Lane said, "The key is job creation, and we appear to be on a really good track." 

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Steve Lane

Managing Director | Arkansas

Rogers

Steve Lane’s professional career spans three decades and covers a wide variety of commercial real estate disciplines including corporate real estate, land development, sales and leasing, structuring investments, and asset management. 

Lane began his career in Arkansas in 1992 with Walmart Stores’ Real Estate Department, where he became a top producer.  After leaving Walmart to pursue shopping center development, Lane served as a Vice President for a national Real Estate Investment Trust (REIT) before forming a brokerage business in Northwest Arkansas.

Lane merged his brokerage firm with Colliers International in 2004 and currently serves as Managing Director of the Northwest Arkansas office, where his responsibilities include the overall financial performance of the office as well as his personal brokerage.  He has received the Everest Club designation from Colliers multiple times, which recognizes the top 10% of all Colliers commercial real estate brokers throughout the United States.  His personal brokerage focus has been in retail, specifically shopping centers, and he has represented Ross Dress for Less stores in multiples states for over 15 years.  Lane currently has a strong focus on sponsoring investment groups to pursue Northwest Arkansas opportunities. 

Lane has been active in the nonprofit world and has served on the charitable boards of the Bentonville Public School Foundation, has been a fundraiser for Court Appointed Special Advocates (CASA), and has served on the board of Excellerate Foundation for the past seven years as well as two years as Chairman.  Lane has also served as a member of the Federal Reserve Bank’s Eighth District Industry Council as a real estate advisor.

Lane holds a Bachelor of Science in Civil Engineering degree from the University of Missouri.  He lives in Rogers with Kim, his wife of 26 years, and their two children Sophie and Mason, where they are active members of Central United Methodist Church.

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Isaac Smith

President

Little Rock

Isaac Smith is a President at Colliers | Arkansas where he specializes his brokerage work in investment properties. In addition, he, along with Kevin Huchingson, is responsible for supervising the overall strategy of the brokerage team. Isaac has worked extensively with the CapRocq family of real estate funds as well as Tempus Realty Partners, assisting in more than $650 million in acquisitions since 2021. Isaac joined Colliers International in 2003 as a broker, became a Principal in 2009 and was named President in 2017. He has been active in Young Presidents Organization and the Greater Little Rock Chamber of Commerce.

 

 

 

 

 

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