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West-Valley-City-Utah-Retail-Center

Red Mountain Group Sells 6,764-Square-Foot Retail Center in Metro Salt Lake City

West Valley City, Utah — Red Mountain Group Inc. has sold a 6,764-square-foot retail center located in West Valley City, roughly 10 miles southwest of Salt Lake City. An undisclosed buyer purchased the property for $2.1 million. Tenants at the

…

  • December 13, 2022
Mountain-View-Village

CenterCal Properties Completes 1 Million-Square-Foot Mountain View Village in Metro Salt Lake City

Riverton, Utah — CenterCal Properties has completed the final phase of development at Mountain View Village, a 1 million-square-foot mixed-use property located in Riverton, roughly 20 miles south of Salt Lake City. Construction began on Phase I of the 86-acre development

…

  • August 17, 2022
American-Fork

Brixton Capital Acquires 149,928-Square-Foot Retail Center Outside Salt Lake City

American Fork, Utah — Brixton Capital has acquired American Fork Center, a 149,922-square-foot retail center located roughly 31 miles south of Salt Lake City in American Fork. The property was acquired for an undisclosed price from a partnership between Western

…

  • June 15, 2022

Matthews Brokers $8.4 Million Sale of Walgreens-Occupied Retail Property in Metro Salt Lake City

Riverton, Utah — Matthews Real Estate Investment Services has arranged the acquisition of a retail property occupied by Walgreens in Riverton, roughly 20 miles outside Salt Lake City. An undisclosed buyer purchased the asset for $8.4 million in a 1031

…

  • November 23, 2021

Colliers International Arranges Land Sales in Nevada, Utah for $6.6 Million

Henderson, Nev. and Salt Lake City — Colliers International has arranged two separate land parcel sales totaling $6.6 million in Henderson and Salt Lake City. In the first deal, EOE Volunteer LLC sold an 0.84-acre land parcel at 3495 Volunteer

…

  • November 8, 2021

Faris Lee Investments Arranges the $8.7 Million Sale of Garden Square Shopping Center in Metro Salt Lake City

Midvale, Utah — Faris Lee Investments has arranged the $8.7 million sale of Garden Square shopping center, located roughly 12 miles outside Salt Lake City in Midvale. Nick D’Argenzio, Tom Chichester and Joe Chichester of Faris Lee Investments represented the

…

  • July 20, 2021

Faris Lee Arranges $1.8 Million Sale of Autozone Ground Lease in Taylorsville, Utah

Taylorsville, Utah — Faris Lee Investments has arranged the $1.8 million sale of an Autozone ground lease in Taylorsville. Don MacLellan and Tom Chichester of Faris Lee Investments represented the seller in the transaction, a private equity fund out of

…

  • April 13, 2021

JLL Capital Markets Arranges $274.4 Million Refinancing for Six-Property West Coast Retail Portfolio

Seattle; Boise, Idaho; and Salt Lake City — JLL Capital Markets has secured $274.4 million in financing for a six-property portfolio of core-quality retail centers totaling 2.7 million square feet across Seattle, Boise and Salt Lake City. The borrower is a joint venture between

…

  • February 25, 2021

Columbia Pacific Advisors Provides $31.1 Million Construction Loan for Development of Campus SLC in Salt Lake City

Salt Lake City — Columbia Pacific Advisors Bridge Lending, a subsidiary of Columbia Pacific Advisors, has provided a $31.1 million loan for the construction of Campus SLC, a 130,000-square-foot property that will feature anchors winter sports retailer Evo and rock

…

  • January 18, 2021

CenterCal Properties Prepares for Phase II of Mountain View Village Mixed-Use Project in Utah

Riverton, Utah — CenterCal Properties has selected Okland Construction Co. Inc. to build the second phase of Mountain View Village Phase II, an 85-acre lifestyle development in Riverton. The second phase will include five pocket parks with unique amenities; show

…

  • December 16, 2020

Faris Lee Arranges $11.1 Million Sale of Two Walgreens-Leased Properties

Lake Worth, Texas and Tooele, Utah — Faris Lee Investments has arranged the sale of two Walgreens-leased properties for a total of $11.1 million. The first property is a 13,548-square-foot Walgreens located at 6244 Lake Worth Blvd., 40 miles west

…

  • August 26, 2020

Ostler Holding Sells Family Dollar-Occupied Retail Property in Helper, Utah

Helper, Utah — Ostler Holding Limited Company of Utah LLC has completed the disposition of a retail building located at 610 U.S. Highway 6 in Helper. An in-state limited liability company acquired the asset for $1.3 million. Built in 2019

…

  • August 12, 2020
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Industry Content

NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • Newmark Brokers Sales of Two Retail Properties in Washington Totaling 124,660 Square Feet
  • Red Mountain Group Purchases Portfolio of Former Big Lots Stores for $47.5 Million
  • Marcus & Millichap Arranges Sale of 40,448-Square-Foot Retail Center in Eastern Tennessee
  • SVN | J. Beard Arranges Sale of 3,600-Square-Foot Retail Property in Metro Houston
  • Pier 57 Unveils 15-Vendor Lineup for Market 57 Food Hall in New York City

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