Multifamily news in Salt Lake City
-
Demand Outpaces Supply in Salt Lake City
Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.
31 July 2017 13:52 -
Top 10 Markets for Supply Growth
Decelerating rent growth and stagnant or falling occupancy rates suggest that developers can no longer expect the same returns experienced in recent years. As a result, development will likely slow down. According to Yardi Matrix data, these 10 markets are expected to see the greatest increases to supply this year.
14 July 2017 15:35 -
SALT Launches $275M Mixed-Use Development
Hardware District in Salt Lake City will comprise four buildings, 466 luxury units and 260,000 square feet of office space. The two residential properties are scheduled for completion in February and August of 2018.
29 June 2017 15:12 -
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 -
RED Capital Closes $20M Loan for Senior Living Facility in Salt Lake City Area
The company inked the deal on behalf of a local joint venture.
09 September 2016 12:50 -
Metro Salt Lake City Apartments Sell for $52M
Marcus & Millichap arranged the deal in Utah's capital city, which has seen considerable population growth since 2010.
11 August 2016 11:05 -
Utah PaperBox Site Ready To Become Mixed-Use Development
ClearWater Homes and PEG Development are teaming up with VCBO Architecture on a new residential development in downtown Salt Lake City.
25 January 2016 16:49 -
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 -
North Salt Lake Community Acquired as Area Trends Upwards
As metro vacancy rates continue to drop, multifamily property owners in the Salt Lake City area are looking to cash in on their assets.
25 August 2015 16:09 -
JF Capital Infuses Capital in Downtown Salt Lake City
A Utah-based real estate investment management and development firm is ready to break ground on a new $28 million luxury apartment community in downtown Salt Lake City.
20 August 2015 11:41 -
Gelt Not Salty at All on Salt Lake City
Two multifamily properties in the Salt Lake City area changed ownership.
06 July 2015 10:26 -
Berkadia Secures $107M in Multi-Layered Financing for Portfolio of Las Vegas Properties
Berkadia Commercial Mortgage arranges $102.9 million in financing for Angelo, Gordon & Co. and Interwest; Gelt Inc. wraps up its first purchase in Utah; and Wells Fargo provides $26 million for a mixed-use development in Raleigh, N.C.
07 October 2014 18:31 -
Utah Poised to Build on 2013′s $1.3B Commercial Investment
2014 is shaping up to be an important year for Salt Lake City’s real estate market in terms of both residential and commercial sectors. However, it should be noted that 2013 was also a good year for the real estate market. According to the Salt Lake Tribune, the state has seen its best investment figures since before the economic downturn. Last year saw $1.3 billion be poured into the state’s commercial market. That same source writes that, should the amount of available properties have been higher, the figure would have also been considerably larger.
17 January 2014 00:02