A Texas-based luxury property management company recently began making headways in the Salt Lake City market. Kairoi Residential, based in San Antonio, recently took over the property management duties for a handful of Utah developments, including the Worthington...
The office apocalypse is fully upon us yet the sparks of a nascent phoenix may be popping. While overall vacancy continues to hover well above 20%, market demand for the last two quarters is giving indications of where future investment in the local SLC-Provo...
Thousands of baseball fans will file into a brand new stadium in South Jordan today, eager to see the first glimpses of a new era of the Salt Lake Bees — one without Salt Lake City. Those same fans will be walking past active construction sites on the way into...
One of the largest commercial real estate firms in the state was recently named in a lawsuit accusing brokers of misleading elderly investors and violating securities laws. The lawsuit, filed in Utah’s federal court in early March, accuses Colliers and other...
A recently approved proposal for 20 new townhome units in Millcreek checked all the boxes. Plans to build for-sale, family-sized townhome units will move forward after the Millcreek Planning Commission approved a subdivision request and a conditional use permit. The...
A New York asset management firm is buying a local investment group that played a large part in financing and creating local development projects like the Post District, and is among the largest owners of multifamily buildings in the country. Apollo Global Management...
As the woes of the office market continue to populate CRE headlines nationwide, cut-rate building sales and 25% availability rates are raising fewer eyebrows these days. When we last reported on the Salt Lake City metro market’s performance a year ago, vacancy rates...
A Utah House committee punted on two bills that its sponsor believes would help address the state’s ongoing housing shortage, despite support from the governor's office. The bills, HB 88 and HB 90, were presented to the Utah House Political Subdivisions Committee in a...
Fears of snarled traffic were an exaggeration, after all. In-N-Out opened its South Salt Lake location on Thursday to relatively little fanfare, at least by wildly popular drive-thru chain standards. The new burger joint saw steady traffic throughout the afternoon,...
A project years in the making is crystalizing on the eastern bench of Salt Lake County and could bring hundreds of units and hotel rooms near the mouth of Big and Little Cottonwood canyons. A planned development on 21.5 acres that would add hundreds of housing units...
After years in the works, a new master-planned community in West Jordan is becoming a reality. Terraine, located to the west of State Route 111 along Terraine Road, is a 630-acre development that will house around 3,000 units when it’s fully built out along the...
Cottonwood Heights is trying to disincentivize illegal short-term rentals by jacking up fines for those not in compliance. On Dec. 17, the Cottonwood Heights City Council unanimously approved a measure that increases fines for short-term rentals found not to be in...