Multifamily news in Salt Lake City
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Luxury Community Opens Doors in Salt Lake City
Wright Development Group’s 213-unit property broke ground near the end of 2016, with Washington Federal providing more than $30 in construction financing.
22 October 2018 14:24 -
Increasing Migration Sustains Demand in Salt Lake City
Boosted by a growing population and solid employment gains, Salt Lake City continues to attract multifamily developers. Roughly 8,600 units were under construction across the metro as of June.
29 August 2018 12:32 -
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
17 August 2018 13:17 -
Top 10 Largest Multifamily Deals in Salt Lake City
A list of the most considerable transactions to have taken place in Utah’s largest city year-to-date, emphasizing strong investor interest in the metro.
07 August 2018 16:15 -
Salt Lake City to Get Affordable Mixed-Use Project
Columbus Community Center is building a 200,000-square-foot property catering to people with disabilities. Dubbed The Hub of Opportunity, the development will also include commercial and office space.
26 July 2018 11:27 -
Alpha Wave Expands in Utah
The company acquired the 94-unit Park Station Apartments, located in the Salt Lake City submarket of Midvale.
24 July 2018 17:08 -
29th Street Capital Buys First SLC-Area Community
The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.
19 July 2018 11:38 -
CPP Buys 2 Salt Lake City-Area Affordable Properties
The assets, totaling 98 units, traded for $14.3 million. The firm succeeded in fully integrating the communities into the Section 8 housing program.
06 June 2018 18:36 -
Salt Lake City-Area Community Changes Hands for $32M
Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union property as a value-add investment.
05 April 2018 13:31 -
Strong Economy Lifts Real Estate in Salt Lake City
Due to robust employment and solid demographics, Utah’s largest city is generating demand across all asset classes.
29 March 2018 16:23 -
Olympus Property Buys SLC Community
Situated in one of Utah’s fastest-growing submarkets, Crossing at Daybreak features a mix one-, two-bedroom and three-bedroom units. The property will be rebranded.
07 March 2018 14:41 -
Kennedy Wilson Snags 2 in Salt Lake City for $93M
The firm is planning on initiating its value-add asset management plan on both properties, Santa Fe in Cottonwood Heights and Creekview in Midvale, investing $5.3 million.
05 February 2018 16:21 -
Demand Breaks Records in Salt Lake City
Solid employment gains are producing a high demand for apartments across the metro, which continues to attract investors and developers alike.
29 November 2017 14:04 -
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
08 November 2017 16:46 -
Marcus & Millichap Sells $23M Senior Community in Sandy, UT
Located between Salt Lake City and Provo, Rosegate Sandy broke ground in 2013. The 159-unit asset is located in a submarket that has seen more than seven percent population growth since 2010.
26 October 2017 14:38