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August 2024 Utah Real Estate Roundup: News about Commercial, Industrial, Multifamily, and/or Government Real Estate Transactions Valued at Over $430 Million

August 2024 Utah Real Estate Roundup: News about Commercial, Industrial, Multifamily, and/or Government Real Estate Transactions Valued at Over $430 Million

In an effort to keep Utah Money Watch readers abreast of recent significant news about multifamily, industrial, commercial, and/or government real estate activities within the state of Utah, we've prepared this mini-report summarizing the top events during August 2024. UTAH'S MAJOR COMMERCIAL REAL ESTATE TRANSACTIONS

Is Angel Studios Really Worth $1.58 Billion? It Thinks So.

In a two-week period spanning late August into the second week of September, Provo, Utah-based Angel Studios has made three major financial moves designed to transform both the firm and its financial future — ONE: It launched a crowdfunded Reg A+ fundraising; TWO: Angel raised $20 million through that offering in

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

The funding was led by Pelion Venture Partners, Utah's largest VC firm, and will help Strider "expand operations to new geographies in Europe and Asia, and more aggressively address the public sector market" as the firm helps provide organizations of all types with previously undiscovered data

Utah-based PACS Group Closes a Secondary Public Offering, Raising ~$101 Million for the Firm, with ~$589 Million Raised by Selling Shareholders

Utah-based PACS Group Closes a Secondary Public Offering, Raising ~$101 Million for the Firm, with ~$589 Million Raised by Selling Shareholders

Since its $450 million IPO on 11 April 2024 that valued the firm at $3.1 billion, Farmington, Utah-based PACS Group (NYSE:PACS) has been on a tear, with its valuation jumping nearly 87% since the IPO to a high of $42.25 two weeks ago. Now PACS has closed

BREAKING NEWS: Five Utah Universities Make the Wall Street Journal's "2025 Best Colleges in the U.S." Ranking

BREAKING NEWS: Five Utah Universities Make the Wall Street Journal's "2025 Best Colleges in the U.S." Ranking

The five Utah-based universities to make the WSJ's 2025 list are (in alphabetical order), Brigham Young University, the University of Utah, Utah State University, Utah Valley University, and Weber State University. However, among all 500 ranked universities, BYU was ranked No. 1 as "... the most highly recommended

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 2024 that You Might have Missed

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 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 significant and should be acknowledged as such. And in this writeup, you'll find info about 20 Utah-based firms and 18 separate executives that we feel

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

The Salt Lake City, Utah-based office of L3Harris Technologies (NYSE:LHX) has just been awarded a $587 million contract by the U.S. Navy. According to the U.S. Department of Defense, the L3Harris contract is a five-year engagement (from August 2024 through August 2029) "... for the design, production