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Property

Providing perspective and contextual insights on all aspects of Property within the state of Utah, from public to private land, and from commercial to residential development and more, but especially as seen through a monetary lens.

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

EXECUTIVE SUMMARY ✅ Carlyle Group has acquired Centerville, Utah-based defense-technology firm Secturion Systems, making the Utah company the first investment by Carlyle's new dedicated middle-market Aerospace, Defense / Government and Industrials platform; ✅ Brigham Young University Athletics and Lehi-based Entrata have signed a multi-year agreement making

Ogden, Utah-Based Highland Partners Makes Its Largest Acquisition Yet with $119 Million Purchase of a Chicago Apartment Tower

Ogden, Utah-Based Highland Partners Makes Its Largest Acquisition Yet with $119 Million Purchase of a Chicago Apartment Tower

EXECUTIVE SUMMARY ✅ Ogden, Utah-based Highland Partners has acquired the 298-unit Exhibit on Superior apartment tower in downtown Chicago for $119 million, marking the largest acquisition in the firm’s history. ✅ The purchase price equates to approximately $399,000 per apartment and gives Highland a 34-story luxury residential

NEWS BRIEF: Utah "Wins" Best State in America for 4th Year in a Row, a New Record from U.S. News & World Report

NEWS BRIEF: Utah "Wins" Best State in America for 4th Year in a Row, a New Record from U.S. News & World Report

It is one thing to "win" anything, to come in first place, to be named the best. But achieving the same feat four times ... let alone 4x in a row?!?!?! Nah, that rarely, rarely happens, in any field, in any endeavor. But, as just announced by none other

What Fervo Energy’s First Results Post-IPO Actually Tell us about Utah's Energy Ecosystem

What Fervo Energy’s First Results Post-IPO Actually Tell us about Utah's Energy Ecosystem

EXECUTIVE SUMMARY: ✅ Although Fervo Energy only reported $61,000 of first-quarter revenue, the larger Utah story includes — $2.2 billion of IPO proceeds, — $421.4 million of new project financing, and — Roughly $1.2 billion of expected near-term CapEx tied largely to its Utah-based Cape Station project.

Granite Lands ~$117MM UDOT Contract as it Deploys its Growing Utah Infrastructure Platform

Granite Lands ~$117MM UDOT Contract as it Deploys its Growing Utah Infrastructure Platform

EXECUTIVE SUMMARY: ✅ Granite has been awarded a Utah Department of Transportation contract priced at ~$117 million to extend the West Davis Corridor in West Point, Utah. ✅ The award comes roughly eight weeks after the 104-year-old, NYSE-listed infrastructure company acquired Provo, Utah-based Kenny Seng Construction, adding more

The U.S. Army has Begun Exclusive Negotiations to Finalize Plans for Two Firms to Process Critical Minerals at Tooele Army Depot in Tooele County, Utah

The U.S. Army has Begun Exclusive Negotiations to Finalize Plans for Two Firms to Process Critical Minerals at Tooele Army Depot in Tooele County, Utah

Executive Summary: Two firms (one from Boca Raton, Florida and one from Sydney, Australia) have been conditionally selected by the U.S. Army "to design, finance, build, and operate critical mineral processing facilities on underutilized land on Army installations ..." to process and refine boron, dysprosium (Dy), and terbium

NEWS OF NOTE: Lunar Resources Plans $85 Million Utah Factory, HealthEquity and the Utah Jazz Enter Sponsorship Deal, a $44 Million Refinancing, and Five Other Newsworthy Items Comprise this Week's Writeup

NEWS OF NOTE: Lunar Resources Plans $85 Million Utah Factory, HealthEquity and the Utah Jazz Enter Sponsorship Deal, a $44 Million Refinancing, and Five Other Newsworthy Items Comprise this Week's Writeup

This edition of NEWS OF NOTE tracks recent Utah-related business, capital, real estate, public-finance, defense-tech, sports-business, industrial, land, and wealth-management announcements tied to over 25 organizations, including Lunar Resources, HealthEquity, the Utah Jazz, Ken Garff, ClearShift, Bartlett, Savage, Raymond James, Palladyne AI, the Utah DWR,