Utah
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
Phoenix 85-unit Build-To-Rent Community Trades for $30.1 Million
Proximity on 16th Apartments in Phoenix sold for $354,118 a unit. Northmarq represented the seller, Scottsdale-based Avenue North. The buyer was… Read more
Highland Real Estate Closes on Discretionary Fund for Multifamily
Private real estate investment manager Highland Real Estate Partners has closed on Highland Multifamily Opportunities, the firm’s debut discretionary investment… Read more
Utah Resort Receives Record C-PACE Financing
Petros PACE Finance (Petros), closed on a record $153 million C-PACE financing as part of the $820 million, 580-acre development, Black Desert Resort Project… Read more
Timberlane Partners Breaks Ground on Utah Multifamily Project
Seattle-based real estate company Timberlane Partners has broken ground on Back 9, a luxury apartment community in West Valley City,… Read more
Cantor Fitzgerald Group Secures SLC Apartment Tower Construction Loan
Cantor Fitzgerald (Cantor) and Silverstein Properties closed a construction financing for an investment by Cantor Silverstein Opportunity Zone Trust, Inc.… Read more
Midwest-Based Storage Express Acquired for $590M
Extra Space Storage, headquartered in Salt Lake City, has acquired Storage Express, which owns 107 remote storage properties across Indiana,… Read more
Square Mile Capital Finances New Salt Lake City Apartment Community
Square Mile Capital Management has originated a $61.8 million loan to finance the ground-up development of 375 West Whitney Avenue,… Read more
New Flex Warehouse Concept Opens In Phoenix
Capstone Equities launched its Portal Warehousing concept last year, a sort of flexible warehouse solution offering the smaller spaces and… Read more
MCA Acquires Two-State Industrial Portfolio for $14M
Orange County-based MCA Realty has purchased a small-bay industrial trio in Sacramento, CA and multi-tenant industrial property in West Valley… Read more
Gardner Batt Completes $291 Million SLC Industrial Sale
Gardner Batt has sold the final asset of a three building, 547,000 square foot industrial portfolio. The joint venture of… Read more
MCR Refis 30 Hotels Nationwide for $420M
New York City-based MCR, the country’s fourth-largest hotel owner-operator, has closed on a $420-million refinancing of 30 hotels across the… Read more
Utah Group Receives $43 Million Loan to Acquire Denver Apartments
ACRE finalized the loan so Utah-based Peak Capital Partners could buy the 150-unit Connect at First Creek. The three year… Read more
Hines to Transform SLC High-Rise Office Into Multifamily
Due to the effects of the pandemic on office use, the new owner of the 24-story South Temple Tower Salt… Read more
Life Sciences Growth Extends Beyond the Coastal Research Hubs
A new analysis from CBRE identifies the 25 top U.S. life sciences labor markets, ranging from established hotbeds like Boston to emerging hubs like… Read more
Newmark Arranges $520M Amazon-Leased Industrial Portfolio Sale
Newmark has completed the $520 million sale of an eight-asset industrial portfolio in California and Utah that is triple net-leased… Read more
Utah-based Investment Company Launches Multifamily REIT
Salt Lake City-based RealSource Properties Inc. launched a REIT which will start off with ten multifamily properties already in the… Read more
Walton Street Invests in Salt Lake Industrial
An affiliate of Walton Street Capital, L.L.C. has acquired the SLC Infill Industrial Portfolio, a portfolio of seven Class A… Read more