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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.

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

How Much Did Ryan & Ashley Smith (aka, Smith Entertainment Group) just Pay to Acquire the 111-Acre Shops at South Town? Probably Over $300 Million.

How Much Did Ryan & Ashley Smith (aka, Smith Entertainment Group) just Pay to Acquire the 111-Acre Shops at South Town? Probably Over $300 Million.

After being purchased over a decade ago for $205 million by a real estate consortium led by Pacific Retail Capital Partners, the Sandy, Utah-based Shops at South Town have been sold by Pacific Retail to SEG, which will use the property to house the recently acquired Utah Hockey Club. Separately,

BREAKING NEWS: BYU is Adding a Medical School

BREAKING NEWS: BYU is Adding a Medical School

Earlier this morning, The Church of Jesus Christ of Latter-day Saints issued a brief announcement that it plans to add a medical school to Brigham Young University in Provo, Utah, the penultimate educational institution of the global Christian church. Few other details are available at this time. In a move

Vivint Solar and Vivint Smart Home Founder, Todd Pedersen, has Apparently Acquired Controlling Interest in Utah-based Deploy Surveillance. This Development Potentially Puts Deploy and Pedersen on a Collision Course with Utah-based LiveView Technologies.

In the game of business, sometimes the only way to determine who is winning and who is losing is with a scorecard.