Uncategorized Archives

Redevelopment Opportunities in Salt Lake City

April 19, 2018efanc

The Redevelopment Agency of Salt Lake City, or RDA, is putting forth two large pieces of land at-the-ready for redevelopment. These properties are at 255 South State Street and 500 W. North Temple Street, which is the former property of the Overniter Motel. Amanda Holty from the RDA and Annie Davis of the city’s Department of Economic Development joined us to talk about these properties and what they mean to the capital city’s economic vitality. The RDA is currently accepting submissions from experienced developers who are interested in partnering up to design and construct mixed-use, mixed-income projects on these sites. The redevelopment of these sites would provide ground-floor retail space… Read More

Man robbed at knifepoint in downtown Salt Lake City

April 13, 2018efanc

Photo: Gephardt Daily SALT LAKE CITY, Utah, April 12, 2018 (Gephardt Daily) — Police are searching for a suspect after a man was robbed at knifepoint in Salt Lake City early Wednesday morning. The incident happened in the area of 309 E. 400 South just after 6:20 a.m., the Salt Lake City Police Department said in a news release. “The victim was approached by the suspect as he exited the 7-Eleven,” the news release said. “The suspect produced a knife and demanded the victim’s bike, but the victim refused. After a short struggle, the suspect took the victim’s wallet and fled.” The suspect then ran into the Mountain Courtyard Apartments,… Read More

Wasatch Front commercial real-estate sales still going strong after record $2.2 billion year in 2017

April 5, 2018efanc

(Steve Griffin | Salt Lake Tribune file photo) The November opening of a new headquarters building by Salt Lake City-based Alsco, short for American Linen Supply Co., was part of a record-setting year for the Wasatch Front’s commercial real-estate sector. Coming off a record year in “the second longest expansionary period in U.S. history,” the Wasatch Front commercial real-estate market is showing “no signs of slowing down.” That’s the view of CBRE, a Los Angeles-based Fortune 500 commercial real-estate services and investment firm that has an office in Salt Lake City, in releasing an annual report that showed investment sales along the Wasatch Front in 2017 reached a record $2.2… Read More

Strong Economy Lifts Real Estate in Salt Lake City

March 29, 2018efanc

Salt Lake City rent evolution, click to enlarge Salt Lake City continues to be one of the best-performing metros in the country. Due to robust employment and solid demographics, Utah’s largest city is generating demand across all asset classes. With convenient connectivity and a strong multifamily market, the metro remains appealing to major employers. Job gains are steady, as more than 35,000 positions were added year-over-year through November. Employment is boosted by the myriad new projects underway across the Beehive State. The first redevelopment phase of Salt Lake City International Airport is in the works, with completion scheduled for 2020. WI Commercial Properties’ $200 million mixed-use development is turning land… Read More

Land deal finalized to clean up, develop old Salt Lake landfill, likely for inland port

March 22, 2018efanc

SALT LAKE CITY — A real estate arm of the LDS Church has donated to a state agency the site of the old Salt Lake City landfill — a 770-acre property in the city’s northwest quadrant that has long been eyed as part of an inland port development. The land, located north of I-80 between 5600 West and 7200 West, was owned by Suburban Land Reserve, a real estate arm of The Church of Jesus Christ of Latter-day Saints, up until late last month, when discussions were finalized to transfer the land to the School and Institutional Trust Lands Administration. Rodger Mitchell, assistant director of the School and Institutional Trust… Read More