Trevor and Christina Shakiba of Houston recently acquired a 1.7-acre development in Tontitown that includes apartment complexes and duplexes.

• The development is located on Klenc Road and U.S. Highway 412 in Tontitown. The First National Bank of Fort Smith approved the purchase in a five-year, $15.18 million loan. -Talk Business & Politics
• Trevor Shakiba, founder of Houston-based Shakiba Capital, says he fell in love with NWA for what's happening with population growth, job growth, the area's beauty.
• Leasing is already underway and duplexes are already being occupied. An open house is set for Jan. 15.