Ongoing Development

Hines buys apartment building in suburban Chicago for record $148M

Hines buys apartment building in suburban Chicago for record $148M

An affiliate of the Texas-based developer who received a free piece of prime land in the heart of Downtown Salt Lake City for a stalled apartment tower issued a record check for an apartment building in a suburb north of Chicago last week. A Hines affiliate paid $148...

Salt Lake’s construction boom, in photos, continued

Salt Lake’s construction boom, in photos, continued

As 2025 dawns, we wanted to offer a snapshot of current construction in the city, from the street and the sky. Have a look. IMB Adaptive Reuse – 348 E. South Temple Former IBM building office-to-residential conversion, looking south from South Temple. Photo by Devin...

Will industrial bounce back locally in Q4 and beyond?

Will industrial bounce back locally in Q4 and beyond?

While Q4 numbers won’t be known for several months, Industrial/Logistics activity in Q3 2024 underperformed in Salt Lake County, and Q4 might close out a bleak year.  Strong numbers for deliveries since 2021 have predictably pushed up vacancy and availability...

Millcreek city center apartment boom: the latest in pictures

Millcreek city center apartment boom: the latest in pictures

Since our last update in April, Millcreek's new city center has continued to take shape throughout 2024. Here are some recent photos from the street and the sky. The Richmond Apartments – 1280 E. Villa Vista Ave Cottonwood Residential’s Richmond, located at 1280 E....

Ogden restaurant closure preceded lawsuits, more closures in Idaho

Ogden restaurant closure preceded lawsuits, more closures in Idaho

A shuttered Ogden restaurant was the first in a line of other closures in its chain, as the company is now accused of not paying its vendors and leases in Idaho.  Biscuit and Hogs, a restaurant that featured all-day breakfast that encouraged customers to “release...

HOA looks to block new 12-story development in Central City

HOA looks to block new 12-story development in Central City

The HOA for a pair of condo buildings in Downtown Salt Lake City is objecting to a recent Planning Commission vote to give a developer another year to begin construction of a planned mid-rise mass timber building. Owners in the Sampson Altadena condo buildings want...