<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Salt Lake City Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Manufacturing Facilty Sells for $1.7M]]></title><link><![CDATA[http://www.costar.com/News/Article/Manufacturing-Facilty-Sells-for-$17M/148686?ref=/News/Article/Manufacturing-Facilty-Sells-for-$17M/148686&src=rss]]></link><description><![CDATA[CTV Holdings LLC acquired 135 Mountain Way Dr. in Orem, UT from J L.C. for $1,693,452, or about $54 per square foot. 

The 31,152-square-foot manufacturing building sits on 1.2 acres in the Utah County Industrial submarket.  It was built in 1978.

No brokers were involved in the direct deal.

Please refer to CoStar COMPS #2715455 for more information on this transaction.]]></description><author><![CDATA[Tajuana Richardson <news@costar.com>]]></author><pubDate><![CDATA[Tue, 21 May 2013 08:44:30 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Developers Announce Two Hotels in Downtown SLC]]></title><link><![CDATA[http://www.costar.com/News/Article/Developers-Announce-Two-Hotels-in-Downtown-SLC/148603?ref=/News/Article/Developers-Announce-Two-Hotels-in-Downtown-SLC/148603&src=rss]]></link><description><![CDATA[Alex. Brown Realty, Inc. (ABR), PEG Development and Blue Diamond Capital announce plans to develop two hotels, a structured parking garage and mixed-use retail on a 3.26 acre site in downtown Salt Lake City.

ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested $7.5 million in the venture.

The site at the southwest corner of West 100 South and South 300 West is adjacent to the Energy Solutions Arena. The 19,911 seat...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 01:25:34 GMT]]></pubDate></item><item><title><![CDATA[Retail Property In Pleasant Grove Trades Hands]]></title><link><![CDATA[http://www.costar.com/News/Article/Retail-Property-In-Pleasant-Grove-Trades-Hands/148489?ref=/News/Article/Retail-Property-In-Pleasant-Grove-Trades-Hands/148489&src=rss]]></link><description><![CDATA[Kings Shadow Camo LLC acquired 1957 W State St in Pleasant Grove for $1.3 million, or $447.04 per square foot.

The single-story, 2,908-square-foot Class B retail building was built in 2012 and is located in the Utah County submarket.

DeMar Young of Century 21 All Pros Realty represented the buyer, Kings Shadow Camo LLC.  Mark Ryan of Mountain View Utah Real Estate represented the seller, Butters Investment Company.]]></description><author><![CDATA[Jennifer Wilson <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 09:12:09 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Receiver Sets Liquidation Plan for $220 Million Multifamily Portfolio]]></title><link><![CDATA[http://www.costar.com/News/Article/Receiver-Sets-Liquidation-Plan-for-$220-Million-Multifamily-Portfolio/148375?ref=/News/Article/Receiver-Sets-Liquidation-Plan-for-$220-Million-Multifamily-Portfolio/148375&src=rss]]></link><description><![CDATA[John A. Beckstead, the receiver for defendants Management Solutions Inc. and the multifamily assets of Wendell A. Jacobson, his son Allen and other related entities, has filed a liquidation plan proposing to break up the multifamily portfolio strewn across the Midwest and Texas that was once valued at $220 million.

Rather than selling the entire portfolio in bulk, as he once considered, Beckstead plans to break up the sale of Jacobsons' 34 properties...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:19:34 GMT]]></pubDate></item><item><title><![CDATA[Beijer Electronics Signs Lease for New U.S. Headquarters]]></title><link><![CDATA[http://www.costar.com/News/Article/Beijer-Electronics-Signs-Lease-for-New-US-Headquarters/148369?ref=/News/Article/Beijer-Electronics-Signs-Lease-for-New-US-Headquarters/148369&src=rss]]></link><description><![CDATA[Beijer Electronics signed a lease for 44,450 square feet at 1865-1895 W 2100 S in Salt Lake City.

The two-story, 54,428-square-foot Class B flex building was built in 2008 and is in the California Avenue Ind submarket.

Sweden-based Beijer Electronics, a technology company focused on industrial automation and data communications, has offices in 19 countries.

Andy Blunt of CBRE represented Beijer Electronics.  Anne Smart of Cushman Wakefield...]]></description><author><![CDATA[Jennifer Wilson <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 01:34:25 GMT]]></pubDate></item><item><title><![CDATA[The CoStar Watch List Newsletter for May 9 - May 19]]></title><link><![CDATA[http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss]]></link><description><![CDATA[This Week’s Top Stories

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."

Read the Full Story...

Receiver Sets Liquidation Plan...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:16:13 GMT]]></pubDate></item></channel></rss>