Utah
DivcoWest and Atlas JV Looks to Invest $250M in SFRs
Atlas Real Estate recently entered into a joint venture partnership with San Francisco-based DivcoWest to invest $250 million of equity… Read more
Affordable Multifamily Quade Gets $31M Go-Ahead
Additional affordable multifamily homes are in Salt Lake City’s future after KeyBank’s community development lending and investment group provided a… Read more
Larry H. Miller Plans Thousands of Residences in Daybreak
Larry H. Miller Real Estate recently acquired Daybreak, a master-planned community in South Jordan, UT, from Värde Partners. The purchase… Read more
The Cove Buyer Plans $10K Per Unit in Upgrades
With limited multifamily product, a buyer found substantial upside in The Cove apartment complex located at 7400 Parkway Dr. in… Read more
Where Are Investments Thriving?
As one quarter winds down, there are signs of improvement within the commercial real estate sector in many respects. Connect… Read more
Carvana Makes Sizeable Expansion into Utah
Since the 90s, the Ninigret Group has spearheaded some of Salt Lake County’s most significant industrial developments in the northwest… Read more
Berkadia Secures $25M Acquisition Loan for Alexandria MF Property
Berkadia has secured a $24.9 million acquisition loan for the Tuscany Apartments, a mid-rise multifamily property in Alexandria, VA. Located… Read more
Austin-Round Rock Tops NAR’s Commercial Markets List
The National Association of Realtors identified the top 10 commercial real estate markets for 2021. Austin-Round Rock made the top… Read more
95 State Nabs Two Tenants Prior to Buildout
95 State at City Creek, 515,000-square-foot class-A office tower underway in downtown Salt Lake City, has secured its first two… Read more
Stan Johnson Co. Brokers Sale of 106K-SF Industrial Facility in Jacksonville
Commercial real estate investment sales brokerage Stan Johnson Co. has arranged the sale of a 106,000-square-foot industrial facility in Jacksonville.… Read more
Office Leasing Validates Strength of Salt Lake City Market
KBS recently signed 102,928 square feet of leases at its Millrock Park asset in Holladay, UT. These transactions included five… Read more
Six-Property Portfolio Gets Leverage Rebalance, Debt Retirement of $274M
A large finance assemblage of $274.4 million was secured for a six-property portfolio of core-quality retail properties totaling more than… Read more
Phoenix Multifamily Investment Activity Turned Around in Q3, Q4
In fourth-quarter 2020, Steve Gebing and Cliff David closed multifamily sales in Arizona and Utah valued at $916 million, according… Read more
Heritage at Deer Valley is Phoenix’s Highest-Priced Multifamily to Date
The sale of the 832-unit multifamily community Heritage at Deer Valley for $178.5 million was the highest sale price for… Read more
Vivo Living Aims to Reduce Traffic, Waste and Sprawl
Vivo Living has expanded to New Braunfels as part of its effort to convert low-demand hotels into boutique efficiency apartment… Read more
Division President Promotion Allows Avenue5 Residential to Scale
Multifamily property management services company, Avenue5 Residential, has promoted Lesa LaRocca to division president overseeing its North Central and Southwest… Read more
Walmart Bringing Robot-Filled Warehouses to DFW
Walmart plans to build modular warehouses at its stores where self-driving robots will fetch groceries and have them ready for… Read more
Newmark Closes $100M Manufactured Home Deal
Newmark arranged the sale of the Midwest MHC Portfolio, a 21-property, 2,789-site manufactured home community portfolio located throughout Illinois, Indiana,… Read more
Westcore Wraps Up 2020 with 4M-SF National Logistics Portfolio Purchase
San Diego-based Westcore, acquired a 4.08-million-square-foot industrial real estate portfolio over nine major markets across the nation. Westcore purchased the… Read more