Salt Lake City
Premier Park City Ranch Slated for Sept. 14 Auction
By Alex Girda, Associate Editor A premier 214-acre Park City residential property is set for a Sept. 14 date with the auctioneer. Located near Park City along a half-mile stretch of the Weber River, RiverBend Ranch was originally priced at $29 million, according to Concierge Auctions. The property features fenced pastures, trails…
Continue reading →Plans Unveiled for $42M Waters Edge Resort on Bear Lake
By Alex Girda, Associate Editor The developers of the Waters Edge Resort have unveiled their plans for their $42 million project adjacent to Bear Lake. The project will include a hotel, as well as retail and business space, but also a residential component in the form of condominium units. Waters Edge Resort…
Continue reading →Hines/Oaktree JV Buys 248 KSF Office Complex in Sandy
By Alex Girda, Associate Editor KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is Hines/Oaktree’s second acquisition following last year’s pickup of Alton Corporate Plaza in Irvine, Calif. Located 15 miles…
Continue reading →City Officials Grapple With Funding Proposed Arts Venue
By Alex Girda, Associate Editor Talks regarding Mayor Ralph Becker’s proposed Utah Performing Arts Center in downtown Salt Lake City are now focused on hammering out the financing package for the $110 million project. Considered a centerpiece of an effort to re-energize Downtown Salt Lake City, the 2,500-seat venue would be…
Continue reading →National Park Visitors Flock to App Created by Local Firm
By Alex Girda, Associate Editor Thanks to a partnership between a Salt Lake City-based digital media company and National Geographic, iPad and iPhone users can get every bit of information they need about the park they’re visiting. The app currently features guides for 20 of the country’s 58 national parks. Zion, Arches…
Continue reading →Officials Seek Public Works Deal as Budget Deadline Looms
By Alex Girda, Associate Editor The debate over the 2012-13 Salt Lake City budget appears to be nearing a conclusion as Mayor Ralph Becker’s $204.3 million proposal comes under the City Council’s scrutiny. The mayor’s proposal falls just $1.5 million short of the council’s $205.8 million plan, with major differences primarily related…
Continue reading →Bear Lake Resort Plan Wins Garden City Approval
By Alex Girda, Associate Editor A $42 million resort in Garden City has secured approvals from the city council and planning commission, paving the way for development of what could be one of Bear Lake’s largest resorts, the Herald Journal of Logan reported. Vista Realty plans to build Waters Edge Resort,…
Continue reading →Primary Showdown Looms Over $29M Draper Recreation Center
By Alex Girda, Associate Editor The city of Draper faces a showdown over a bond issue on the June 26 primary ballot that would finance a $29 million, 120,000-square-foot to 140,000-square-foot recreation center. Since the city placed the issue on the ballot in early April, surveys commissioned by local authorities have shown…
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