CBRE Capital Markets Arranges $19.3 Million in Construction and Permanent Financing for Multifamily Project in Park City
SALT LAKE CITY – April 15, 2020 – CBRE Capital Markets’ Debt & Structured Finance team has secured $19.3 million in construction and permanent financing for the development of Lincoln Station, a 76-unit mixed use community to be built in the Kimball Junction area of Park City, Utah. Mollie Means [...]
Pandemic Unemployment Assistance program available to Utahns
SALT LAKE CITY (April 15, 2020) — The Pandemic Unemployment Assistance program as part of the CARES Act is now available for Utahns. This program will extend benefits to individuals previously ineligible for traditional unemployment benefits such as the self-employed or gig economy workers. “In the midst of receiving and [...]
Protecting Caregivers During COVID-19 Pandemic: Intermountain Healthcare Quickly Manufacturing and Shipping Thousands of Protective Face Shields to Utah Hospitals
To help meet the growing demand for personal protective equipment, Intermountain Healthcare switched its printing production and is manufacturing tens of thousands of protective face shields for Utah caregivers on the frontlines of the COVID-19 pandemic. Nearly 50,000 face shields are expected to be finished by the end of this [...]
Boeing Delivers First 3D-Printed Face Shields for COVID-19 Response
Face shields to be donated to healthcare professionals fighting COVID-19 FEMA will direct initial shipment to Kay Bailey Hutchison Convention Center in Dallas CHICAGO, April 10, 2020 /PRNewswire/ -- Boeing [NYSE: BA] today delivered the first set of 3D-printed face shields to support healthcare professionals working to stop the spread [...]
GOED Announces Utah Leads Together Small Business Bridge Loan Program
The Utah Governor’s Office of Economic Development (GOED) today announced the implementation of the Utah Leads Together Small Business Bridge Loan program. The program, available beginning March 31, 2020, at 8 a.m. (MDT), offers a bridge loan to Utah-based small businesses with 50 or fewer employees impacted by the COVID-19 [...]
Impact of COVID-19 and Containment Measures on Commercial Real Estate Markets
CBRE’S OUTLOOK FOR THE ECONOMY AND SPECIFIC CRE SECTORS: A global recession likely has started. The U.S. also is expected to endure a recession, with GDP declines in the first and second quarter. CBRE sees the U.S. economy stabilizing in the third quarter, starting to recover in the fourth, and [...]