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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.

Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed

Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. Hence, this write-up is designed to specifically focus on Utah's business "news nuggets" from the

Southern Utah University Breaks Ground on its New $37.5 Million, 44,000-Square-Foot Music Center

Southern Utah University Breaks Ground on its New $37.5 Million, 44,000-Square-Foot Music Center

Construction is slated to start in June 2024, with completion targeted in time to host classes beginning with the fall 2026 semester.

NEWS BRIEF: Florida's Driftwood Capital Lands a $33 Million Refinancing for its Sheraton Park City Hotel

NEWS BRIEF: Florida's Driftwood Capital Lands a $33 Million Refinancing for its Sheraton Park City Hotel

Coral Gables, Florida-based Driftwood Capital has secured $33 million in capital from Goldman Sachs to refinance the Sheraton Park City Hotel in Park City, Utah. Backed by over 1,200 active accredited investors, Driftwood specializes in acquiring and managing hospitality properties (primarily hotels). It currently owns over 85 properties with

Utah's Most Valuable Public Company, Extra Space Storage, is Raising up to $800 Million in a Secondary Shelf Offering

Utah's Most Valuable Public Company, Extra Space Storage, is Raising up to $800 Million in a Secondary Shelf Offering

The market valuation of Extra Space Storage is "over four times greater than Utah's next two highest valued publicly traded firms (as of yesterday's market close):" HealthEquity and Zions Bancorporation.

Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City

Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City

"According to Kinect Capital, its data says that since 2009 Investors Choice alumni firms have raised over $1.2 billion in investment capital while also achieving financial exits of over $10 billion."

The Property of Five Utah Hospitals has Changed Hands in a Transaction that Values them at Just Under $1.2 Billion

The Property of Five Utah Hospitals has Changed Hands in a Transaction that Values them at Just Under $1.2 Billion

A 75% ownership stake in the real estate of 1) Davis Hospital and Medical Center, 2) Jordan Valley Medical Center, 3) Jordan Valley Medical Center-West Valley Campus, 4) Mountain Point Medical Center, and 5) Salt Lake Regional Medical Center have been sold by Alabama's Medical Properties Trust to

Texas Instruments Proves it's Quite Serious as it Breaks Ground on its $11 Billion Fabrication Plant in Lehi, Utah

Texas Instruments Proves it's Quite Serious as it Breaks Ground on its $11 Billion Fabrication Plant in Lehi, Utah

With first production slated to start in 2026, TI expects its two semiconductor fabrication plants in Lehi will produce millions of analog and embedded processing chips daily once full production begins later this decade. It's one thing to tell the world you're going to do something,