Finance & Investment - Salt Lake City
-
CBC Advisors Completes 2 West Coast Multifamily Sales
The Cove at Overlake in Tooele, Utah, and student housing community The Pines, in Rexburg, Idaho, changed hands in two off-market transactions totaling 204 apartment units.
15 June 2017 16:22 -
Sandy Community Underway Now that Financing Is in Place
Dekel Capital provides two loans to get community closer to reality.
23 November 2015 12:20 -
Utah Market Heats Up with Three SLC-Area Properties Trading Hands
Berkadia helped arrange financing and deals for three different Utah properties as investors find new love for SLC real estate opportunities.
20 November 2015 11:08 -
SLC Deal Indicative of Tertiary Market Strength
TruAmerica continues to expand with Salt Lake City multifamily purchase.
27 October 2015 16:05 -
Kennedy Wilson Buys East Valley M-F Complex for $61.8 Million
A Salt Lake City apartment community was recently acquired by an international real estate investment and services firm. Kennedy Wilson has paid a fee of around $61.8 million for the Foothill Place Apartments complex and has secured a financing deal with Berkeley Point Capital LLC in order to complete the acquisition. KW has invested $15 million of private equity in the transaction and for the balance of the purchase with Berkeley, along with the $49.7 million loan provided by Berkeley.
05 June 2013 20:47 -
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 and hillside ranges, [...]
16 August 2012 16:50 -
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 will capitalize on [...]
01 August 2012 22:05 -
Sugar House Awaits $400M Revival on Streetcar Route
By Alex Girda, Associate Editor The Sugar House district is among the sections of Salt Lake City that has been affected most severely by the economic downturn. But thanks to the recent resurgence of investment in development, Sugar House could be on the verge of getting a new lease on life. A report from the [...]
30 May 2012 22:54 -
KBS Expands Salt Lake City Foothold With Gateway Tech Center
By Alex Girda, Associate Editor KBS Realty Advisors has added to its Utah portfolio with the acquisition of Gateway Tech Center, a 198,565-square-foot Class A office building located near the 40-acre Gateway District in Downtown Salt Lake City. Located at 155 North 400 West Street, the five-story Gateway Tech Center was built in 1909 as [...]
28 May 2012 20:10 -
Gordmans Unveils New Stores in Farmington and South Jordan
By Alex Girda, Associate Editor Gordmans unveiled a pair of new locations on March 15 as part of a major expansion in the Intermountain West region. The Omaha, Neb.-based discount retailer opened 50,000-square-foot stores at the Station Park retail center in Farmington and at The District in South Jordan, eight days before an official grand [...]
02 March 2012 07:34 -
Strategic Capital Group, Miller Development Break Ground on Fireclay Village TOD
By Gabriel Circiog, Associate Editor One of the largest developments ever to be built in Murray City has broken ground. The 26-acre, $80 million transit-oriented development is a joint venture between Strategic Capital Group and Miller Development Co. Located at 4400 South and 100 West, the mixed-use Fireclay Village will include 400 apartments, 268 income-restricted [...]
31 October 2011 15:56 -
Salt Lake County Offers Financial Support for High-Density Development Along TRAX Line
By Gabriel Circiog, Associate Editor Salt Lake County has shown its financial support for a proposed high-density development along the new TRAX line running through West Jordan. The 40-acre project, located at 9000 S. Bangerter Highway, will include 1,400 residential units and commercial buildings. The Salt Lake Tribune reports the County Council agreed to approve [...]
24 October 2011 05:13 -
City Creek Center M-U on Track Despite Economic Downfall
By Gabriel Circiog, Associate Editor Despite the economic downfall, City Creek Center is taking shape in downtown Salt Lake City. Deseret News reports all residential construction is now complete and the first 20 stores have been announced. Dale Bills, spokesman for City Creek Reserve Inc., the real estate development division of the LDS Church, announced [...]
03 October 2011 04:26 -
Fashion Place Expands, as Wasatch Front Retail Real Estate Market Blooms
By Gabriel Circiog, Associate Editor At a time when the economy is somewhat troubling for most real estate markets, the retail real estate market along the Wasatch Front is doing well. Deseret News reports that there are four major retail centers expanding or under development. Fashion Place mall in Murray is currently undergoing a 100,000-square-foot [...]
21 August 2011 05:40