Arkansas - Digital Publishing

CENTRAL ARKANSAS
Science Foundation Gives
Hendrix $400,000 Grant
The National Science
Foundation this month
awarded a $415,515 grant
to Hendrix College in
Conway for a project overseen
by Andrea Duina, a
biology professor at the
college.
The foundation, based
in Arlington, Va., will
fund the grant over three years. The
grant is funding a research project on
yeast cells. The research should provide
a better understanding of the basic
molecular processes that control how
cells use genes to produce proteins,
Duina said. Yeast cells are similar to
human cells.
“We are trying to understand how
specific proteins are involved in this
process,” Duina said. The new scientific
research “can be used to understand cell
NORTHWEST ARKANSAS
Retail Space
Vacancy Rate Falls
The total vacancy rate for the
central Arkansas commercial retail
real estate market fell to 7.5 percent
in the fourth quarter of 2012,
compared with 7.7 percent during
the third quarter and 8.6 percent
Net Absorption (SF)
biology in general, including
human biology.”
The first $157,723 of
the grant is guaranteed
to Duina’s project. The
NSF will fund the rest of
the grant, depending on
the progress of the project
and money availability.
The funding will pay for, among
other things, supplies and equipment,
travel to scientific conferences, publishing
and salaries for students’ summer
lab work.
Twelve undergraduate students will
work on the project in Duina’s laboratory,
and up to 50 others will conduct
related experiments during one or two
advanced cell biology courses taught by
Duina.
Duina previously received a total of
during fourth-quarter 2011.
“The year-end market trends
report reflects five consecutive
quarters of positive absorption,
totaling over 220,000 SF of new
retail occupancy,” said Jeff Yates
of Irwin Partners. “This absorption
coincides with reported lease rates
rising 3 percent over the same
period.”
Historical Vacancy & Net Absorption
Source:
140,000
120,000
100,000
9%
80,000
60,000
40,000
20,000
8%
0 7%
2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4
THEY SAID IT
Vacancy Rate (%)
WEEKLY REPORT
Andrea Duina, Hendrix College, associate professor
of biology. [SUBMITTED PHOTO]
$843,743 in NSF grant funding while at
Hendrix.
— Kate Knable
ABF Global Adds South America to Coverage
ABF Global Supply Chain
Services has added South
America to its coverage area.
Argentina, Brazil, Chile,
Columbia, Peru and Uruguay
are now included in ABF
Global’s transport portfolio.
Services provided include
single contact for full-container-load
and expedited less-than-container-load.
Source: Central Arkansas Commercial Data Exchange
ABF, part of Arkansas
Best Corp., which is
headquartered in Fort
Smith, has added South
America to its international
operation along
with Europe and Asia.
“With an established
presence in Europe,
China, India and Southeast Asia countries,
South America is a natural exten-
sion of our global coverage,” said Carlos
Martinez-Tomatis, ABF GSCS division
vice president.
“ABF Global now covers nearly 90 percent
of the total ocean international market
to and from the United States.
“Our goal is to reach 96 percent of
the total import/export market, which
we anticipate achieving before the end
of 2013. ”
— Chris Bahn
“Some properties that were reporting
significant vacancies at the beginning
of 2012, such as The Promenade at
Chenal and Shackleford Crossings,
saw significant increases in occupancy
during the year.”
Vacancy Rate (%)
— Jeff Yates, partner, Irwin Partners
Vacancy Rate by Quarter
10%
8%
6%
8.6% 8.3% 7.9% 7.7% 7.5%
2011 2012 2012 2012 2012
Q4 Q1 Q2 Q3 Q4
Arkansas Business January 28, 2013 7
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