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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 BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

NEWS BRIEF: Extra Space Storage is Raising $500 Million via an Offering of 5.4% Senior Notes due 2035

Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has announced a new debt offering to raise $500 million in new funds for the market-leading Real Estate Investment Trust (REIT) in the self-storage industry. According to the company news release, the new Extra Space senior notes come with a 5.4%

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

If there was any doubt that Wes Swenson is hyper-serious about the data center marketplace, such notions were disabused yesterday morning when his firm, Novva Data Centers, dropped a news release with this bombshell headline: CIM Group and Novva Data Centers Announce $2 Billion in New Financing to Accelerate Growth

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Sandy, Utah-based Bridge Investment Group Holdings (NYSE:BRDG) has agreed to be acquired by New York City-based Apollo Global Management (NYSE:APO) in an all-stock transaction for ~$1.5 billion. In the 16 years since its formation in 2009, Bridge has become the largest real estate firm in Utah, with

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

According to multiple news reports published over the weekend, Park City, Utah-based Pacific Group Resorts (PGR) has acquired controlling interest in Mesa, Colorado-based Powderhorn Mountain Resort from Denver, Colorado-based Gart Capital Partners and long-time ski industry veteran, Andy Daly. Officially, no financial terms of the acquisition have been published by

With 5,000 New On-Campus Beds Planned, the UofU Breaks Ground on a $170 Million Residence Hall to Meet ~30% of the Eventual Buildout

Some 16-months-on, the University of Utah's multiyear, multiphase project with American Campus Communities has officially begun with the groundbreaking for the $170 million on-campus, six-story, 1,450-bed residence hall. When housing construction at the UofU is completed, ACC will have built multiple dormitories at the University of Utah,

Are Naming Rights Available for the Provo Airport? For as Little as $8 Million, Maybe So.

Are Naming Rights Available for the Provo Airport? For as Little as $8 Million, Maybe So.

With a $78 million funding commitment from the Utah County Commission, Utah's Provo City now finds itself just $12.5 million shy of the ~$140 million in monies needed to expand to 10 gates from the 4 gates currently in operation at the Provo Airport. Presuming that the

Image downloaded from the Events page of the RevRoad website on the morning of Tuesday, 28 January 2025.

RevRoad Closes its Doors. Kind Of.

In a turn of events both shocking and yet not totally surprising, the RevRoad experiment has come to an end. Sometime in the last week, the RevRoad website shifted from this — to this (on Sunday, 26 January 2025) — Additionally, based upon my review of dozens of LinkedIn profiles this morning,