Salt Lake City

KBS REIT III Closes on 198,565-SF Office Buy

SALT LAKE CITY-GlobeSt.com learns that Gateway Tech Center, the five-story class-A office building situated on nine acres, changed hands for approximately $30 million. FULL STORY

Centerline Provides Loan for Two Utah Buys

EXCLUSIVE LAYTON, UT-The borrower needed to close quickly to meet the requirements of the purchase agreements, and two days prior to rate-lock, the properties both suffered wind storm damage. FULL STORY

23-Acre City Creek Center Completion Was ‘Urban Challenge’

SALT LAKE CITY-According to landscape architect SWA Group, the conversion of the vehicular grid here at Taubman Centers’ and City Creek Reserve’s 700,000-square-foot development to its current form, was a challenge. FULL STORY

Locally Based LLC Puts 1M-SF Mixed-Use Project On Market

OREM, UT-When completed, Midtown Village will feature condominium, office and retail space less than two miles from University Mall. FULL STORY

Utah Office Market Absorption To Remain Strong in 2012

SALT LAKE CITY-As expanded mass transit comes online in the form of additional commuter rail and TRAX options, Commerce Real Estate Solutions anticipates more office development and expansion activity at key TODs. FULL STORY

Silverleaf Buys Note on $20M Distressed Multifamily

SALT LAKE CITY-The non-performing loan for the $20 million Broadway Park condo project was purchased for less than $10 million. FULL STORY