Salt Lake City
Deserted SLC Office Building to Make Way for Apartments
CBRE has arranged the sale of 515 Tower, a 171,193 square-foot office building that will be converted to multifamily housing… Read more
EY: Five Takeaways from a Recent Look at Office Trades
By Brett Johnson, Mark Grinis and Katie Miller Pre-pandemic, the office sector was a long-established, relatively stable, and generally promoted… Read more
Salt Lake City Bucking Multifamily Headwinds
CBRE’s Patrick Bodnar sums up the multifamily market in Salt Lake City, “Modest rent growth and sound market fundamentals maintain… Read more
Extra Space, Life Storage to Combine in $12.7B Merger
Extra Space Storage Inc. and Life Storage, Inc. said Monday that the two companies had agreed to merge, with Extra Space acquiring Life… Read more
CBREIM Acquires San Diego Self Storage Duo
A fund sponsored by CBRE Investment Management (CBREIM) has acquired a pair of San Diego self storage properties as part… Read more
CBRE Reps Buyer, Secures $21M Acquisition Loan for Acworth Apartment Complex
Atlanta, GA-based real estate firm The Hallmark Companies has secured a $21.4-million loan through CBRE for and completed the acquisition… Read more
Dual-Branded Hotel Properties Open in SLC
Element Hotels and Le Meridien Hotels & Resorts are opening as one, in Salt Lake City. The two will share… Read more
Dallas-Based Texas Instruments Makes Record-Breaking Utah Investment
In what leaders say is the “largest private economic investment in Utah history,” Texas Instruments (TI) is set to invest… Read more
Utah to Receive Record $11 Billion Investment from Texas Instruments
In what leaders say is the “largest private economic investment in Utah history,” Texas Instruments (TI) is set to invest… Read more
Harbor Bay Converting SLC Office to Apartments
Harbor Bay Ventures likely will be replacing an underutilized office building in Salt Lake City with a residential building. The firm… Read more
Southwest Self-Storage Portfolio Trades for $266M
18 self-storage properties were included in the offering. The porfolio was sold by a joint venture of Phoenix-based Wentworth Property… Read more
NorthRock Companies Uses $37M Loan to Acquire Henrico Community
Salt Lake City, UT-based NorthRock Companies has secured a $36.9 million fixed-rate Fannie Mae loan for the acquisition of Hickory… Read more
Las Vegas Value-Add Rental Community Yields 162K/Unit
Sunstone Properties from California purchased the Sutton Place apartments in Las Vegas for $37 million from the Bridge Investment Group… Read more
LS Carlson Law Named IMPACT’s Law Firm of the Year
Orange County-based real estate law firm LS Carlson Law has received the 2022 IMPACT Law Firm of the Year. The… Read more
Suburban Milwaukee Shopping Center Sells in 1031 Exchange
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Shoppers World of Brookfield. The 100% leased, 178,784-square-foot… Read more
JLL Hires Healthcare Properties Leader
JLL has hired Alison Flynn Gaffney, as Division President, Healthcare. She will be leading JLL’s healthcare business. With more than… Read more
Tech Sector’s Share of U.S Office Leasing Slips in H1
The tech industry’s U.S. office-leasing activity slipped in the first half of 2022 to its lowest market share in five years,… Read more
Development Group to Build 15 Extended Stay Hotels in SW USA
Developer Concord Hospitality and private equity firm Whitman Peterson are partnering to build 15 Extended Stay America Premier Suites hotels.… Read more
RealSource Properties Pays $47M for Georgetown Apartment Community
RealSource Properties Multifamily REIT has completed the $47-million acquisition of The Mill at Georgetown, a 228-unit apartment community located in… Read more