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Commercial Real Estate News
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Phillips Edison's $6.3B Merger With Its REIT to Expand Access to Capital Markets
Crosscreek Village in St. Cloud, FL, acquired by Phillips Edison Grocery Center REIT II in 2016.The proposed $6.3 billion merger of Phillips Edison & Co., one of the largest owners and operators of grocery-anchored shopping centers across the U.S., and...

Development Looking Strong in Provo Office Market
The 327,000-square-foot Mountain America Credit Union under construction in Sandy, UT The Provo-Orem metro, located just south of the Salt Lake City metro, is benefitting from the same job and population growth as its northern neighbor. Utah’s generally...

JLL Taps Gabel as Vice President Public Institutions
Nicholas Gabel joined Jones Lang LaSalle (JLL) as a vice president, public institutions in Salt Lake City. In his new role, Gabel will focus on helping public institutions link their real estate and facilities strategy to their overall business strategy...

Ghirardo Real Estate Group Picks Up 38,000-SF Salt Lake City Office Bldg.
The 37,557-square-foot East Wing Plaza II office building at 208 N. 2100 W. in Salt Lake City Novato, CA-based Ghirardo Real Estate Group, a full-service investment firm, purchased a 37,557-square-foot office building in Salt Lake City from International...

Facebook Plans 970,000-SF Data Center in Eagle Mountain
Rendering of Facebook’s 970,000-square-foot data center at 2700 Pony Express Pky. in Eagle Mountain, UT Eagle Mountain City, along with the Governor’s Office of Economic Development (GOED) and the Economic Development Corporation of Utah (EDCUtah)...

J. Fisher Cos. Breaks Ground on 145-Unit Moda Meadowbrook Near Salt Lake City
Rendering of the 145-unit Moda Meadowbrook affordable housing building at 27 W. 3900 S. in Millcreek, UTCredit: J. Fisher Companies Earlier this week, J. Fisher Companies broke ground on a multifamily project in Millcreek, UT that will provide housing...

JV Secures $11M Acquisition Financing for Cache Valley Mall in Logan
The 505,000-square-foot Cache Valley Mall at 1300 N. Main St. in Logan, UT Great Neck, NY-based Namdar Realty Group and Mason Asset Management secured $11 million in acquisition financing for Cache Valley Mall, a 505,000-square-foot shopping center...

Community Preservation Partners Acquires 98-Unit Affordable Housing Portfolio in Ogden
The 40-unit Osmond Heights apartment complex at 630 23rd St. in Ogden, UT Community Preservation Partners (CPP) purchased a 98-unit multifamily complex portfolio in Ogden, UT from Diamond J Management. The affordable housing portfolio sold for $14...

Muller, Cerberus Acquire 925,000-SF Office Park in Orem
Bldg. G at Canyon Park Technology Center in Orem, UT The Muller Co. (Muller), along with an affiliate of Cerberus Capital Management, purchased Canyon Park Technology Center, a 924,634-square-foot office park in Orem, UT. Spanning 85 acres, the...

Mountain View at Riverdale Sells for $8.3M
The 80-unit Mountain View at Riverdale apartment complex at 4250 S. 1000 W. in Riverdale, UT Carlsbad, CA-based Trolley Terrace Development purchased an 80-unit apartment complex in Riverdale, UT from Western Workhorse Management, a local investment...

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