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Commercial Real Estate News
Salt Lake City
Commercial Real Estate News
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Buchanan Expands Footprint in Salt Lake City with 160-Unit Multifamily Acquisition
The 160-unit Pinnacle Fort Union apartment complex at 1151 E. 6720 S. in Salt Lake City Newport Beach, CA-based Buchanan Street Partners, a firm that has more than $6.5 billion in real estate debt and equity investments, purchased a 160-unit apartment...

Journey Healing Center Sells for $2.6M
Journey Healing Center at 8072 S. Highland Dr. in Salt Lake City A private investor based in Salt Lake City purchased a 13,154-square-foot healthcare building in Salt Lake City from Scottsdale, AZ-based Highland Investment Group. Journey Healing Center...

Holt Properties Sells Single-Tenant Warehouse Portfolio for $91.3M
Class A warehouse at 5255 W. 2400 S. in Salt Lake City Holt Properties, a local investment company, sold nine warehouses located in Nevada, Utah and Wyoming to a publically traded REIT. The single-tenant Codale Electric Supply portfolio sold for...

Construction Underway at Copper Crossing @ I-80 in Salt Lake City
Rendering of Building I at the Copper Crossing @ I-80 industrial park in Salt Lake CityCredit: IPG Commercial Real Estate Idaho Falls, ID-based Riverbend Management broke ground on Phase I at the Copper Crossing @ I-80 industrial park in Salt Lake...

Colliers, First Capital Divide Coldwell Banker Commercial Advisors Offices in Seven States
Brandon Fugal, left, will head the newly rebranded Colliers Utah. Rob Cord, former president of CBC Advisors, will serve as president for newly formed Advisors Commercial Real Estate. A privately held New York-based real estate finance firm has acquired...

Special Announcement: CoStar Power Broker Award Winners Named in Salt Lake City
The top-performing commercial real estate firms and brokers in Salt Lake City in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial...

CoStar Market Insights: Salt Lake Apt. Construction Focuses on Transit-Oriented Development
Rendering of the 352-unit Sugarmont Apts. in Salt Lake City, which is slated to deliver by the first quarter of 2019 Strong job and population growth in recent years in the Salt Lake City metro has spurred a wave of new apartment development. The apartment...

JSA Properties Buys Fully-Leased, 40,000-SF Office Bldg. in Lehi
JSA Properties & Management, a private investor based in Kaysville, UT, purchased a fully-leased, 39,554-square-foot office building in Lehi, UT from a Las Vegas-based private investor for $7.18 million, or approximately $181 per square foot. The three...

CVG Properties Purchases 9,350-SF Historic Retail Bldg. in Park City
Scottsdale, AZ-based CVG Properties acquired a 9,350-square-foot retail building in Park City, UT from Columbus Pacific Properties for $6.58 million, or approximately $703 per square foot. The historic building, which was formerly occupied by Cisero...

Olympus Property Acquires 315-Unit Crossing at Daybreak Apt. Complex
Olympus Property acquired the 315-unit Crossing at Daybreak, which it renamed to Olympus at Daybreak, apartment complex in South Jordan, UT from TruAmerica Multifamily for an undisclosed price. The garden-style complex at 4950 W. Frogs Leap Dr. comprises...

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