Multifamily news in Salt Lake City
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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 -
Hilton Opens Home2 Suites Extended-Stay Hotel in South Jordan
As 2013 draws to a close, Salt Lake City is gearing up for a good year, with reports projecting the city’s residential market as one of the fastest rising in the entire U.S. However the end of the year has seen one of the more low-key sectors of the area’s real estate market finish on a high note as Hilton announced the opening of its Home2Suites by Hilton Salt Lake City/South Jordan. The facility is under the ownership of South Jordan Hotel Ownership, LLC, with management duties handled by Widewaters Hotels LLC.
01 January 2014 21:22 -
Orem Approves Mixed-Use Plan for University Mall; State Weighs Relocating Utah State Prison in Draper
As Utah has seen its profile as a tech market become more and more of a draw, local authorities are trying to make sure that they facilitate the creation of the proper environment to make more growth possible. Now, as the state’s job market is one of the healthiest in the entire country, and Salt Lake City, the largest city in Utah, is set to have one of the best office markets in 2014, policies are being drawn up to attract further interest to the area’s tech market. However, a major hurdle is in the way of one of the most important development areas for SLC’s tech market, the Standard-Examiner writes.
20 December 2013 00:04 -
U. of Utah Breaks Ground on $30M Clinic, its 14th in Salt Lake Valley
Investment opportunities can be found everywhere in the Salt Lake City metropolitan area but, in 2013, a focus on education and healthcare has been noticeable. A number of universities have expanded their facilities in 2013 and the latest institution to do so is the University of Utah. U of U is making a serious investment in the development of the new Midvalley Health Center, a facility that will provide quality dermatology care and ophthalmology services once it is completed.
06 December 2013 22:43