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Commercial Real Estate News
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05/25/2018
Salt Lake City Industrial Development Focus on Warehouse and Distribution
Development underway on the 40,000-square-foot NPI industrial building in Lindon, UT The Salt Lake City industrial market has seen steady development the past several years, with more than two million square feet of new space delivering each year since...

05/24/2018
Bollow, Wheeler Join Colliers International as SVPs
Rusty Bollow and Andy Wheeler joined Colliers International as senior vice presidents at the firm’s Salt Lake City office. Bollow previously served as senior vice president of Newmark Grubb ACRES, where he completed more than 640 transactions totaling...

05/21/2018
Curtis Joins Cushman & Wakefield in Salt Lake City
Jennifer Curtis joined Cushman & Wakefield as an operations director in the firm’s Salt Lake City office. Curtis previously served as an operations manager at Marcus & Millichap as a member of the firm’s national operations advisory council, where...

05/17/2018
JMK Limited Partnership Purchases Midvale Shopping Center
Dunkin’ Donuts at the View 72 shopping center in Midvale, UT Santa Clara, CA-based JMK Limited Partnership, a full service investment firm, purchased a 27,102-square-foot shopping center from a private investor in Midvale, UT. View 72 sold for $12...

05/14/2018
Velocity Auto Sales Picks Up American Fork Auto Dealership
The 47,779-square-foot auto dealership at 221 S. 500 E. in American Fork, UT Draper, UT-based Velocity Auto Sales purchased a 47,779-square-foot auto dealership in American Fork, UT from Car Doctors for $5.1 million, or about $107 per square foot. The...

05/01/2018
Office Development in Salt Lake City Down from Previous Cycle
Class A office building at 12884 S. Frontrunner Blvd. in Draper, UT The Salt Lake City metro has experienced substantial economic and population growth in recent years, with sizeable office-using employment gains from the tech sector. While this has...

04/25/2018
Asc Profiles Sells 29,000-SF Former Warehouse
28,800-square-foot warehouse at 4228 W. 1730 S. in Salt Lake City West Sacramento, CA-based Asc Profiles, a steel roof and wall products manufacturer, sold its formerly occupied 28,800-square-foot warehouse in Salt Lake City to a local private investor...

04/23/2018
Downtown Salt Lake City is Center of Apartment Development
Downtown Salt Lake City is at the heart of the metro’s recent supply wave. With more than 1,800 units delivered in Downtown since 2015, competition for renters is heating up, driving landlords to offer increasingly generous concessions to attract...

04/18/2018
Target Opens Small-Format Store in Utah
Riverside Plaza at 1250 N State St. in Provo, UT Target, the second-largest discount store retailer in the U.S. behind Walmart, signed a 26,100-square-foot lease at Kornwasser Realty Advisors’ Riverside Plaza shopping center in Provo, UT. The 139...

04/16/2018
LPG Pays $8.2M for Class A, 61-Unit City Garden Apts.
The Class A, 61-unit City Garden Apts. mid-rise in Ogden, UT Salt Lake City-based Lowe Property Group (LPG), a family owned real estate development and investment firm, purchased a 61-unit apartment building in Ogden, UT from a local investment trio...

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