State: Utah - UT

REBusiness Online DB Capital Management has sold to an undisclosed buyer the 64-unit Edgewood Park apartments in Salt Lake City for $15.5 million, or $242,187/unit. Berkadia brokered the deal for the seller, while the buyer was represented by Colliers International. ...

Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co. is close to extending the term of the $53 million loan against its 510-room Marriott hotel in Salt Lake City. The Bethesda, Md., REIT has signed a term sheet with lender ...

Commercial Real Estate Direct Staff Report KBS REIT III has provided $150.2 million of financing to help facilitate its sale of the 453-unit Hardware Apartments in Salt Lake City. The Newport Beach, Calif, REIT, whose shares do not trade on ...

Commercial Property Executive Utah Valley University has bought the 103,000-square-foot Vibe Thanksgiving Point office building in Lehi, Utah, for $22.1 million, or $214.56/sf. The state college purchased the four-story building, at 2912 Executive Parkway, from Hayman Properties. Colliers International represented ...

Commercial Real Estate Direct Staff Report The $58 million mortgage against 497,962 square feet of retail space at the 730,781-sf Newgate Mall in Ogden, Utah, has transferred to special servicer Rialto Capital Advisors because it's expected to default at its ...

Commercial Property Executive ARKA Properties Group has paid $30.1 million, or $82.69/sf, for a 364,000-square-foot industrial building at 9669 South Prosperity Road in West Jordan, Utah. The Beverly Hills, Calif., investment company purchased the distribution facility from KPFN Properties, in ...