Multifamily news in Salt Lake City

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.
Affordable
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.
Finance & Investment
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.

  • 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

  • South Salt Lake City Property Trades for $67M

    On behalf of a private investor, Marcus & Millichap arranged the sale of Lionsgate, a 15-building multifamily property in Murray, Utah. The 400-unit asset is located within minutes of Interstate 15.

    12 September 2017 15:51

  • SALT Cooks Up Luxury Living

    The company has completed a $100 million community in downtown Salt Lake City. Greystar is managing the 493-unit property, which features a sports club, heated spas and a yoga and spin room.

    09 August 2017 13:08

  • JV to Develop $110M SLC Community

    Giv Group and Domain Properties will transform a two-acre parcel into The Exchange, a nine-story development that will include market-rate, affordable and micro units, as well as office and retail space.

    04 August 2017 14:37

  • 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