Multifamily news in Salt Lake City
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Salt Lake City Multifamily Report – Summer 2019
The metro's multifamily market continues to be strong, supported by job and population gains. Rents increased 3.0 percent year-over-year through May, 50 basis points above the U.S. growth rate.
25 July 2019 11:52 -
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
23 July 2019 12:35 -
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
27 June 2019 14:01 -
Taking Advantage of Opportunity Zones: A Lesson From SLC
PEG Cos.’ Matt Hansen reveals details about Utah’s first project built in a designated opportunity zone. He also describes how the 195-unit Paperbox fits in the metro’s strong multifamily market.
25 June 2019 13:08 -
Next Wave Buys Nevada and Utah Communities
The company has expanded its portfolio with two properties located in Las Vegas and West Valley City, totaling 188 units.
05 April 2019 06:08 -
Salt Lake City Loft Project Breaks Ground
The 195-unit property will include an automated parking structure and will be the first project in Utah to take advantage of the federal Opportunity Zone program.
28 March 2019 14:03 -
$124M Salt Lake City Project Starts Construction
A joint venture between The Domain Cos. and Giv Development broke ground on The Exchange, a mixed-use development with 412 residential units and more than 14,000 square feet of retail space.
15 March 2019 13:10 -
Utah Townhome Community Receives $17M Construction Loan
Located in Ogden, with easy access to major employment centers, Moda Vista comprises 79 Class A townhomes. The developer anticipates to begin pre-leasing this fall.
29 January 2019 15:20 -
Matrix Multifamily Salt Lake City Report – Winter 2019
The metro's multifamily demand is still outpacing supply, while occupancy in stabilized properties, at 96.0 percent last September, remains above the national average.
11 January 2019 12:23 -
Salt Lake Community Changes Hands
Nitya Capital is the new owner of the 151-unit Class B community in the city’s downtown, after funding the purchase with more than $27 million in acquisition financing.
14 December 2018 11:24 -
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.
29 November 2018 16:57 -
Wood Partners Sells Luxury Building in Salt Lake City
Completed in 2017, Alta Gateway Station is the first LEED Platinum-certified apartment building in Utah. The sale of the 277-unit rental property was handled by Cushman & Wakefield.
28 November 2018 15:14 -
Work Begins on Partially Affordable SLC Community
Millcreek Station will encompass 70 units. Of those, 56 will target households with incomes ranging from 25 to 50 percent of the area’s median income.
16 November 2018 14:07 -
287-Unit Project Breaks Ground in South Salt Lake City
The development will replace four office buildings. Castlewood Development intends to finish work on the new multifamily project early 2020.
16 November 2018 12:42 -
Luxury Senior Living Community Opens in Salt Lake City Area
Buchanan Street Partners has completed the construction of Incline at Anthem, a 298-unit property restricted to adults 55 and over.
14 November 2018 15:54