Salt Lake City
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
St. John Properties Breaks Ground on SLC Campus
The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.
Salt Lake City Demand Outpaces Insufficient Supply
Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand, according to Yardi Matrix.
Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
Downtown SLC SpringHill Suites Trades Hands
Marcus & Millichap represented the seller and procured the buyer for the 86-key property, which is one of several Salt Lake City hotels to change hands recently.
U of Utah Health Inks Redevelopment Lease
Cushman & Wakefield Commerce and CBRE represented the tenant. The Sugar House building is part of a wider mixed-use area revitalization by Westport Capital Partners LLC.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
$100M Retail Rebranding Brings Dave & Buster’s to SLC
The dining chain will open its first Utah location in March 2018, in The Gateway, a 623,205-square-foot open-air retail and entertainment center that is currently undergoing a major redevelopment.
Sorenson Media Inks 61 KSF HQ Lease
Newmark Grubb ACRES has arranged a lease for the media company in Lehi, Utah. The building is part of a 1 million-square-foot project developed by Stack Real Estate.
First Industrial Sells Two SLC Industrial Buildings
Newmark Grubb ACRES has arranged the sale of the two properties in Decker Lake Industrial Park in West Valley City, Utah, totaling 98,000 square feet. The company represented both the seller and the buyer.