NEWS IN BRIEF

Chenal Woods units acquired by LA firm

A real estate investment firm from Los Angeles has closed on its acquisition of luxury condominiums in the Chenal Woods complex in Little Rock.

RPD Catalyst LLC said in the news release that the purchase includes 46 units owned by the original developer, Sixth Hole Condos at Chenal LLC. Another 26 units were previously sold to individual homeowners at prices above $550,000, according to the news release.

The company did not say how much it paid for the property.

The condos, which are located in the Chenal Valley community, are on 4.7 acres and range from 1,200 to 2,000 square feet, according to the news release.

-- Jessica Seaman

U-Pack to help ship Toys for Tots items

U-Pack, an ArcBest Corp. brand based in Fort Smith, is partnering with the U.S. Marine Corps Reserve for its "Toys for Tots" program this holiday season.

The household moving service will provide moving and storage containers to use for donated gifts at collection sites nationwide. U-Pack has participated in Toys for Tots drives in the past but is contributing containers on a national level for the first time this year.

"It's a privilege to provide a service to the Marines, given how much they do for us," U-Pack Vice President Andrew Schweizer said in a news release. "We are honored by the opportunity to support the work Toys for Tots carries out for children in need."

The Toys for Tots program began in 1947 when 5,000 toys were collected and distributed to children in the Los Angeles area. The program has collected 494 million toys to distribute to over 230 million children.

-- Robbie Neiswanger

State index climbs 0.78, ends at 334.95

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 0.78 to 334.95 Friday.

Acxiom Corp. shares increased 1.2 percent.

Murphy Oil Corp. shares declined 3.3 percent.

J.B. Hunt Transport Services Inc. rose 1.2 percent.

P.A.M. Transportation services Inc. fell 1.4 percent.

USA Truck Inc. shares rose 3.2 percent.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 11/28/2015

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