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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.

EXCLUSIVE: Utah's Dynamic City Capital Bets Big on "Mickey" by Apparently Buying Two Anaheim Hotels for $303 Million

EXCLUSIVE: Utah's Dynamic City Capital Bets Big on "Mickey" by Apparently Buying Two Anaheim Hotels for $303 Million

With these two most recent acquisitions, the valuation of Dynamic City's portfolio of hospitality real estate properties far exceeds $1 billion in Assets Under Management (AUM). In news not previously published in Utah, Provo, Utah-based Dynamic City Capital has purchased two Anaheim, California hotels for $303 million. With

Utah's Division of Outdoor Recreation will Spend $20 Million Enhancing 31 Recreation Spots Across the State

Utah's Division of Outdoor Recreation will Spend $20 Million Enhancing 31 Recreation Spots Across the State

The complete list of all 31 recreation sites where grant monies will be spent is outlined below within this writeup. The state of Utah is spending $20 million to improve outdoor recreation at 31 sites in the months ahead. According to the recent announcement from the Utah Division of Outdoor

NEWS BRIEF: Utah-based rPlus Energies Lands $304 Million in New Financings to Help Drive Renewable Energy Projects

In 2024, rPlus has now raised nearly $1.9 billion in equity and debt financings to support over 1.2 Gigawatts of projects under construction and an additional 15GW in development. Salt Lake City, Utah-based rPlus Energies has landed $304 million in new financings to help it drive construction of

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

In Utah news not apparently reported previously in the state, Denver, Colorado-based Ovintiv (NYSE:OVV) is selling 126,000 acres of oil-producing land in Utah's Unita Basis for $2.0 billion in cash. According to the recent Ovintiv news release, Ovintiv announced two separate yet interrelated agreements, specifically:

Canadian Mineral Exploration Company, Urano Energy, is Buying 12.7 Square Miles of Prospective Uranium Properties in Utah and Colorado in a Planned $10.6 Million Cash and Stock Purchase

Canadian Mineral Exploration Company, Urano Energy, is Buying 12.7 Square Miles of Prospective Uranium Properties in Utah and Colorado in a Planned $10.6 Million Cash and Stock Purchase

Urano Energy (OTCQB:UECXF), a Vancouver, British Columbia mineral exploration company, has entered into a purchase agreement to buy 12.7 square miles of prospective uranium-holding mining properties in Utah and Colorado for $10.6 million in cash and stock. According to the company news release, the Urano agreement with

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

On 04 November 2024, Hindenburg Research released a 15,000-word, deep-dive report alleging multiple misdeeds leading up to the April 2024 Initial Public Offering of PACS Group (NYSE:PACS), the Farmington, Utah-based owner, manager and operator of over 310 skilled nursing facilities in 17 states across the United States. Since

NEWS BRIEF: Utah's Extra Space Storage has Raised $300 Million in a Public Offering Selling 5.7% Senior Notes that Mature in April 2028

NEWS BRIEF: Utah's Extra Space Storage has Raised $300 Million in a Public Offering Selling 5.7% Senior Notes that Mature in April 2028

Through a new public offering closed yesterday, Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has raised $300 million by selling 5.7% Senior Notes that "come due" on 01 April 2028. According to its filing yesterday with the U.S. Securities and Exchange Commission via Form 8-K,