Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
State: Utah - UT
340,000-SF Industrial Property Breaks Ground in Salt Lake City
Commercial Property Executive A venture of ViaWest Group and Clarion Partners has broken ground on Central Commerce Center, a 340,000-square-foot industrial property in Salt Lake City. ViaWest, of Phoenix, and Clarion, of New York, are building the property at 4105 ...
PEG Cos. Buys Salt Lake City Hotel for $19.2Mln
Commercial Real Estate Direct Staff Report PEG Cos. has paid $19.2 million, or $133,333/room, for the 144-room Residence Inn hotel in Salt Lake City. The Provo, Utah, investment firm purchased the property from Ashford Hospitality Trust of Dallas. The hotel, ...
NYL Investors Lends $25.4Mln Against Hotel Near Salt Lake City
NYL Investors has provided $25.4 million of financing against the 149-room Courtyard by Marriott hotel in Cotton Heights, Utah. NYL Investors is a unit of New York Life Insurance Co. Its loan has a four-year term and pays a floating ...
Northmarq Writes $78.37Mln Fannie Loan Against Orem, Utah, Apartment Property
Northmarq has provided $78.37 million of Fannie Mae financing against Midtown 360, a 494-unit apartment property in Orem, Utah. The financing pays a fixed coupon and allows the property's owner, De Anza Properties of Los Altos, Calif., to retire previous ...
PGIM Lends $18.5Mln for Construction of Apartments in Layton, Utah
PGIM Real Estate has provided $18.5 million of financing for the construction of a 252-unit apartment property in Layton, Utah. Rockworth Cos. of Holladay, Utah, is building the property adjacent to Layton Hospital, just off Interstate 15, about 24 miles ...
Affinius, Clarion Lend $157.5Mln Against Salt Lake City Apartments
Affinius Capital and Clarion Partners have provided $157.5 million of financing against the 580-unit apartment property in Salt Lake City. The loan, arranged by Walker & Dunlop's New York capital markets unit, allowed the recently completed property's developer, a venture led ...
Highbury at Lake Park
A venture of Midloch Investment Partners and X Development has paid $30 million, or $251.33/sf, for Highbury at Lake Park, a 119,366-square-foot retail center in West Valley City, Utah. Midloch, of Milwaukee, and X Development, of Sandy, Utah, purchased the ...
3065 North 200 East
Caspian Investments LLC has acquired the 280,800-square-foot industrial property at 3065 North 200 East in Spanish Fork, Utah. The purchase price could not yet be learned. The Los Angeles company purchased the property from Colmena Group, which was represented by ...
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