According to Julie Whelan, Americas Head of Occupier Research: “It might be surprising to some that U.S. office construction has kicked back into full gear as various markets reopen their economies after pandemic-related shutdowns. More modern workplaces will facilitate new ways of working as companies increasingly shift to more of a hybrid workforce, which works [...]
According to Richard Barkham, CBRE Global Chief Economist and Head of Americas Research: “The U.S. economy bottomed in May, and activity is now cautiously improving. Transaction volumes for commercial real estate will remain constrained due to tightened lending criteria and uncertainty over the path of the virus. We expect weakness to persist in the investment-transaction [...]
SALT LAKE CITY – May 12, 2020 – CBRE’s Salt Lake City office has been selected to oversee the leasing and management of South Towne Corporate Center, two premium Class-A office towers located on nearly 11 acres in Sandy, Utah. Scott Wilmarth, Nadia Letey and Melina Miramontes will oversee the leasing of the property. A [...]
According to Spencer Levy, CBRE Chairman of Americas Research, Senior Economic Advisor: “Much of America is planning its return to the workplace. While that is a welcome turn of events, we also need to acknowledge and embrace that companies will return – slowly – to a changed workplace with new procedures. Office users likely will [...]
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 of CBRE’s Debt & Structured [...]
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 growing at stronger rates in [...]
Salt Lake City—February 11, 2020—The Salt Lake City office of CBRE and KBS, one of the largest investors in premier commercial real estate in the nation, announced today that they have signed nearly 50,000 square feet of leases at the Salt Lake Hardware Building in downtown Salt Lake City, Utah, including a new 22,918 square-foot lease by a medical [...]
CBRE Report Highlights Retail Trends Aimed at Generating Holiday Traffic, Improving Speed of Service, Expanding Options for Shoppers Salt Lake City—December 4, 2019—Trends in store for retailers and shoppers this shortened holiday retail season include an earlier start to holiday promotions, new collaborations to shorten delivery windows and pare their cost, a proliferation of pop-up [...]
Salt Lake City—November 4, 2019—For the second year in a row, Salt Lake City’s Tech Corridor has ranked #1 in the U.S. for office net absorption growth (growth in occupied office space) on CBRE’s annual Tech-30 report, which measures the tech industry’s impact on the 30 leading tech-centric office markets in the U.S. and Canada. The local [...]
Salt Lake City—October 30, 2019—The Salt Lake City office of CBRE today announced that two new tenants have signed leases at Ken Garff Tower, a downtown high-rise owned by Hamilton Partners. Comprising nearly 34,000 square feet together, the addition of these two leases brings the building’s occupancy to 79 percent. Barb Johnson and Kreg Peterson represented Hamilton [...]
