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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.

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

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

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-based Extra Space Storage has Raised $400 Million in a Senior Note Offering Priced at 5.35% that's Due in Early 2035

NEWS BRIEF: Utah-based Extra Space Storage has Raised $400 Million in a Senior Note Offering Priced at 5.35% that's Due in Early 2035

Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) has raised $400 million in a senior note (bond) offering that matures 15 January 2035 at a 5.35% return. According to the company news release, "BofA Securities, PNC Capital Markets LLC, Truist Securities, BMO Capital Markets, J.P. Morgan, TD

Yowza — 94 Utah Companies Make the Inc. 5000 List for 2024, with 64 Repeat Honorees

Between them, these 94 Utah-based firms had a 230% median growth rate, while 64 of the 94 firms were repeat honorees.

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 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 11 Utah-based firms and eight separate executives that we feel

BREAKING NEWS: Less than Three Years After Being Acquired by SunPower for $165 Million, Utah-based Blue Raven Solar is Now "On the Market" at Fire Sale Prices as SunPower Files for Bankruptcy.

What's interesting about this news is that the pending buyer is Complete Solaria, a California-based firm that announced in April it is moving its headquarters to Salt Lake City. There are so many pieces flying around in this story, let me see if I can summarize all of