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Salt Lake City
Commercial Real Estate News
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Wasatch Premier Communities Purchases 17.7-Acre Site for Development Opportunity
Wasatch Premier Communities has acquired a 17.68-acre site in Salt Lake City, UT where the company plans to develop an industrial build-to-suit for a prospective tenant. The Logan, UT-based company paid $4.5 million for the vacant tract located off...

Timberlane Partners Finalizes $67 Million Acquisition of Massive Lionsgate Community in Murray
Seattle-based investment firm Timberlane Partners has acquired the Lionsgate Apts. in Murray, UT from Millwood Cos. for $67.25 million, or about $168,000 per unit. The expansive Lionsgate Apts. consists of 400 one-, two- and three-bedroom apartments...

Office Lease Up (September 18) NRG to Significantly Expand Presence in Downtown Houston with 400,000-SF Sublease at One Shell Plaza
NRG Energy (NYSE: NRG) has finalized a deal to sublet 431,037 square feet at One Shell Plaza in downtown Houston from Shell Oil Co. A leading American energy company dual-headquartered in Princeton, NJ and 1201 Fannin St. in downtown Houston, NRG...

BDO USA Inks Deal for New 12,000-SF Office in Downtown SLC
BDO USA, LLP, a Chicago-based accounting and advisory organization and the United States member firm of global accounting network BDO International, finalized a deal to open a new 12,183-square-foot office in the Wells Fargo Center in downtown Salt Lake...

Easterly Government Properties Enters Agreement to Buy FBI Field Office in Salt Lake City
Easterly Government Properties (NYSE: DEA) has entered into an agreement with KDC Real Estate Development & Investments to acquire the FBI field office at 5425 W. Amelia Earhart Dr. in Salt Lake City, UT. The 163,040-square-foot, four-story mission...

Kornwasser Realty Advisors Closes on Van Winkle Shopping Center in Murray
Los Angeles-based Kornwasser Realty Advisors expanded its Utah holdings with the purchase of the Van Winkle Shopping Center in Murray, UT from Iron Point Partners. Located at 5600 S. Van Winkle, the 168,494-square-foot neighborhood center is 100%...

Jensen Joins CBC Advisors
Mark Jensen has joined Coldwell Banker Commercial Advisors as executive vice president of investments. Jensen will play a critical role as the company continues to build out its rapidly expanding investment services division. He was previously at...

Downtown SLC Getting New Luxury Mixed-Use Development
New York City-based real estate investment and development firm Domain Cos. will soon break ground on its first project in Salt Lake City following news the company has teamed up with GIV Group to develop a new transit-oriented mixed-use district on the...

Park City Retail Property Changes Hands
A private investor acquired the retail building located at 570 Main St. in Park City, UT from Prewitt Management. The 4,500-square-foot retail building was being marketed for sale as an investment opportunity with an asking price of $5.25 million...

CE Hospitality Completes Sale of Fairfield Inn Provo
CE Hospitality, a family-owned and operated hotel investment, development and management firm headquartered in Laguna Hills, CA, has sold the 72-room Fairfield Inn in Provo, UT to a local investor for $5.95 million, or approximately $82,000 per key. The...

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