The project has already received very strong local demand with more than 76% of homes sold since sales began in January, company officials state.

The acquisition, which also includes an adjoining 1.8-acre surface parking lot, adds City Centre I's 229,600 square feet to Unico's portfolio in Downtown Salt Lake City, which now totals more than 1 million square feet of space.

Extell is co-developing Central Park Tower with SMI USA, the US subsidiary of Shanghai Municipal Investment, a leading infrastructural investment company responsible for the Shanghai Tower, the second tallest building in the world

Despite the drop-off in the volume of deals, total revenue transacted through the third quarter of 2018 was $10.7 billion, the report states.

The fund received “tremendous” support from the existing investors and welcomed a number of new limited partners from across Europe, North America and Asia, Atlantic Pacific Capital states.

Moody's Analytics estimates total damage from the Category 4 storm at between $16 billion and $20 billion.

Since announcing its renovation plans for the 42-story, 1.2-million-square-foot office tower last year, Fisher Brothers has now secured approximately 230,000 square feet of new leases and renewals at the Plaza District tower.

The 350,000-square-foot multi-tenanted building is located on a 50-acre park-like setting within University Research Park. The seller of the property was a partnership between affiliates of Atlantic Creek Real Estate Partners, Origin Investments, and Stream Realty Partners.