Real Estate - The Salt Lake Tribune

LDS Church sells Provo River tract to private equity fund

Thu, 09 May 2013 07:39:22 MDT

LDS Church sells Provo River tract to private equity fund

by Paul Beebe The Salt Lake Tribune

Published May 9, 2013 07:39AM MDT

A scenic tract of land on the upper Provo River owned by the LDS Church has been bought by a private equity fund that plans to turn the property into a high-end trout fishery and then sell it to another buyer. Sporting Ranch Capital Management bought the 204-acre property in Summit and Wasatch counties east of Park City in December from Property Reserve Inc., which manages real estate owned by the Corporation of the President of The Church of Jesus Christ of Latter-day Saints. Terms of the deal ...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos: Former Deseret News building transformed into emergency dispatch headquarters

Fri, 03 May 2013 21:32:05 MDT

Photos: Former Deseret News building transformed into emergency dispatch headquarters

the Salt Lake Tribune

Published May 3, 2013 09:32PM MDT

The International Academies of Emergency Dispatch held an official ribbon cutting and media tour of its downtown Salt Lake City headquarters Friday. Company founder Jeff Clawson and Jerry Overton, of IAED Board of Trustees, spoke at the ceremony.In June, the Utah-based company purchased the former Deseret News building at 30 E. 100 South from The Church of Jesus Christ of Latter-day Saints. In the months since, it has transformed six floors into offices, break rooms and meeting space for 110 of ...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Utah builder to begin work on 300-home project in Kaysville

Thu, 02 May 2013 22:05:52 MDT

Utah builder to begin work on 300-home project in Kaysville

by Paul Beebe The Salt Lake Tribune

Published May 2, 2013 10:05PM MDT

Construction is expected to start next week on what will be one of the largest residential communities built along the Wasatch Front since the housing market collapsed five years ago. Destination Homes, a Layton-based builder, will begin installing roads and other infrastructure on 83 acres centered at 200 N. Angel St. in Kaysville. Close to 300 homes will be constructed over the next five to eight years, Brad Wilson, president of the company, said Thursday. “The new Hill Farms community will b...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Home prices along Utah’s Wasatch Front surged in 1Q, sales flat

Mon, 29 Apr 2013 21:49:47 MDT

Home prices along Utah’s Wasatch Front surged in 1Q, sales flat

by Paul Beebe The Salt Lake Tribune

Published Apr 29, 2013 09:49PM MDT

Single-family home prices in Salt Lake County shot up 19 percent in the first quarter of this year, but the number of new and existing homes sold was virtually unchanged, underlining the shortage of units for sale even as demand and the economy are picking up. The median single-family home price in the county increased to $228,750 in the January-through-March period — the highest first-quarter figure since 2009. In contrast, the median price last year was $192,500, the Salt Lake Board of Realto...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Boyer to build office tower in downtown Salt Lake City

Fri, 26 Apr 2013 20:36:24 MDT

Boyer to build office tower in downtown Salt Lake City

by Paul Beebe The Salt Lake Tribune

Published Apr 26, 2013 08:36PM MDT

The Boyer Co., one of the most active developers in Salt Lake City, has started construction of a seven-story office building on the east side of the central business district. The building, to be called 101 Tower, is being built on an empty lot at the southeast corner of 100 South and 200 East. It will be across the street from the former Questar building on 100 South, which Boyer bought in January. Questar, which also owned the lot, moved to a new headquarters a few blocks away. 101 Tower, cov...

Trolley’s new owner aims to give shopping mall a new life

Mon, 22 Apr 2013 23:07:56 MDT

Trolley’s new owner aims to give shopping mall a new life

by Steven Oberbeck The Salt Lake Tribune

Published Apr 22, 2013 11:07PM MDT

Utah businessman and real estate investor Khosrow Semnani has one goal for Trolley Square — return the historic shopping center to its former position of prominence in the Salt Lake retail community. His challenge won’t be an easy one, if the shopping center’s recent history is any guide. Semnani is known in Utah as the founder of Envirocare, the company that evolved into the nuclear waste operation EnergySolutions. That venture began in 1988, while today it’s his company S.K. Hart Properties ...