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Property

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.

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

San Francisco, California-based Clearway Energy Group has closed a multi-bank financing package of $605 million allowing it to begin construction of its new multi-site, 320-megawatt Honeycomb battery storage portfolio based in Utah's Iron County and Beaver County. According to the Clearway news release, its Honeycomb portfolio will be
David Politis
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
David Politis
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
David Politis
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

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,
David Politis