Real Estate

Whether you are a developer, builder, owner, investor, or lender, you know that each real estate transaction involves its own challenges and opportunities. In these difficult economic times, all challenges are intensified, and too much is at stake to choose counsel unwisely. That’s why Friday, Eldredge & Clark has developed a comprehensive, multi-disciplinary real estate practice, with resources focused on the needs of all key real estate players. Our top-level credentials and our focus on clients every day are your assurance that your interests will be protected and your objectives achieved in an efficient manner, from initial planning to final closing.

We have developed a core real estate practice that has the highest ranking from the respected Chambers and Partners USA, which describes us as “a leader for real estate work” with “broad sector expertise.” Our particular strengths are development, debt and equity financings, and property acquisitions and dispositions. But our real advantage to clients comes from what Chambers calls “extensive cooperation across … well-staffed departments, ensuring responsive and excellent service.” Such strengths are why our peers have chosen 45 firm lawyers for listing in The Best Lawyers in America, making us the top-ranked firm in Arkansas. When you rely on a Friday, Eldredge & Clark lawyer, you know your real estate deal will be done right.

Our Work

Real Estate

Our real estate work covers a broad range of transactions, regulatory advice, and litigation—from routine purchase agreements to complicated and sophisticated commercial, corporate, tax, and environmental work. We provide clients with practical advice and creative solutions, whether they are buying, selling, leasing, or operating real property oil and gas interests in Arkansas or in multi-state transactions. We counsel clients on debt and equity financing, non-recourse financing, project financing, partnerships and limited liability companies, joint ventures, and other investment vehicles, as well as on land use, brokerage, and management agreements. We authored the limited liability law in Arkansas. Our experience in the area of exchanges is deep and covers straight like-kind exchanges, reverse like-kind exchanges, and deferred like-kind exchanges. We have acted as lenders counsel in real-estate-based loans to countless institutions and as local counsel for out-of-state lenders.

You want your real estate or any other transaction to be tax-efficient, and, because many of our attorneys have earned a master’s degree in tax law, we can give you coordinated business and tax advice. Such an approach is both a strategic edge and a cost-efficient advantage in the highly competitive real estate market. We are skilled at resolving all types of relevant tax issues, including sales and use tax matters, manufacturing tax exemptions, and tax assessment challenges. No matter what the tax issue, we do not need a learning curve to understand and resolve it.

Environmental and Regulatory

For any real estate project, effectively investigating and resolving a property’s environmental issues can make or break the ultimate success. You can rely on our environmental due diligence whether you are purchasing, selling, or exchanging property.

Clients as diverse as Oaklawn Jockey Club and Murphy Oil USA, Inc. rely on our broad environmental counseling, transaction, regulatory, and litigation support. Because we have represented clients before the PSC and the ADEQ, and help shape legislation and rulemaking to support their competitive needs, we resolve environmental law problems because we understand how environmental laws are made. One of the members of the environmental team has a master’s degree in Environmental Law from the University of Vermont, the leading university for environmental law. With such a combination of skills, we can represent you in such critical matters as:

  • Air, soil, water, and groundwater contamination, and cleanup litigation
  • Permitting and administrative hearings
  • Compliance matters
  • Allocation of environmental risk
  • Personal injury and property damage litigation—including class action litigation—stemming from exposure to toxic substances


Even the best planned real estate projects can run into problems, and sometimes the courtroom is the best place to resolve them. If you need a skilled litigator, Friday, Eldredge & Clark’s litigation attorneys are ranked in the first band by Chambers and Partners USA and are featured in Benchmark Litigation. Real estate clients rely on us to resolve commercial disputes involving contractual obligations of all types, plus such complicated tax disputes as manufacturing tax exemptions. We have served as class action counsel in commercial litigation, as well as regional counsel in complex trials.

Our Clients

Some of the country’s leading businesses, professional service companies, and non-profit organizations ask us to handle their real estate, tax, finance, corporate, construction, environmental, and regulatory concerns. They include:

  • Acxiom Corporation
  • Arkansas Children’s Hospital
  • Arvest Bank
  • Bank of the Ozarks
  • Baptist Health
  • Chambers Bank
  • CDI Contractors, LLC
  • Clark Construction
  • Danny Thomas Real Estate
  • Deltic Timber Corporation
  • Dillard’s, Inc.
  • Entergy Corporation
  • First Security Bank
  • Murphy Oil USA, Inc.
  • Oaklawn Jockey Club
  • Regions Bank
  • Stephens Inc.
  • The largest Class One freight railroad in the country
  • Tyson Foods, Inc.
  • University of Arkansas
  • Vulcan Materials