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So far Utah has created 27 blog entries.

Cushman & Wakefield Represents Expense Management Innovator Divvy, in Built-to-Suit Lease Acquisition in Draper, Utah

New Divvy headquarters scheduled to open in summer 2020 For Immediate Release DRAPER, UT., August 13, 2019 – Cushman & Wakefield announced it has acted as tenant advisory representative for Divvy, the leading spend and expense management platform for business, and its relocation of corporate headquarters to Draper Utah. Executive Directors, Trigger Reital, and Jeff Rossi, advised Divvy in their selection of the Boyer Company as landlord, and HUB Studio for its architect of the 100,000 square foot (sf), tailor-made home office, located at 13705 South 200 West, Draper, Utah. Featuring floor-to-ceiling glass, I-15 frontage access and an amenity-rich environment for its soon to be 450+ employees, founder Alex Bean, and co-founder/CEO Blake Murray, were joined by Cushman & Wakefield, the Boyer Company and the HUB Studio teams yesterday for a groundbreaking ceremony to celebrate the occasion. “Having Divvy select Draper for its new headquarters in the heart of Silicon [...]

2019-08-20T18:30:44-04:00 August 20th, 2019|In the News|

BOMA Women in CRE Program — Building an Inclusive CRE Culture

A Guest Blog from Marla Maloney, President of Asset Services In June, I had the privilege of being a panelist at the women’s breakfast event as part of the 2019 Building Owners and Managers Association (BOMA) Conference in Salt Lake City. I’m proud to say that several of my Cushman & Wakefield female colleagues joined us as we talked about building an inclusive culture, both within CRE and our respective companies. Asset Services is one of the most gender diverse service lines at Cushman & Wakefield, and more than half of our market leaders are female. Women naturally are strong collaborators and excel at building client relationships, which are key skills in our business. As our clients’ teams become more diverse, especially with the changing demographics of asset managers, we need to reflect our clients with the people we bring into our organization. Trends such as the experience economy are [...]

2019-08-20T13:33:01-04:00 August 20th, 2019|In the News|

Cushman & Wakefield Salt Lake City Capital Markets Team, Led by Kip Paul, Sells Largest Office Portfolio Transaction in Boise, Idaho History

Clearwater Building & U.S. Bank Plaza in Boise, Idaho For Immediate Release BOISE, ID. August 5, 2019 – Cushman & Wakefield today announced the record-setting disposition of the Clearwater Building and U.S. Bank Plaza in Boise, Idaho, totaling 385,368 square feet (sf). The Cushman & Wakefield Salt Lake City team of Kip Paul and Jorgi Paul, along with the Cushman & Wakefield Pacific Alliance Office team of LeeAnn Hume and DJ Thompson, represented the seller, the Gardner Company, in the sale. The Clearwater Building, totaling 126,859 sf, consists of a Class-A office which serves as the headquarters for Clearwater Analytics, the leading provider of web-based investment portfolio reporting. The building also includes premium retail space occupied by the Boise State University retail store, Double Standard Kitchenetta, Buffalo Wild Wings, Dutch Bros. Coffee, Gyro Shack and Tropical Smoothie Café. U.S. Bank Plaza is a 19-story, 258,368 sf Class-A office building featuring [...]

2019-08-20T13:27:04-04:00 August 20th, 2019|In the News|

Cushman & Wakefield-managed property at 170 South Main, Salt Lake City, UT Receives 2019 Regional TOBY® Award from Building owners and Managers Association

 For Immediate Release   Cushman & Wakefield-managed property at 170 South Main, Salt Lake City, UT Receives 2019 Regional TOBY® Award from Building owners and Managers Association SALT LAKE CITY, UT – May 14, 2019   The Cushman & Wakefield-managed property at 170 South Main, Salt Lake City, Utah has received a 2019 regional TOBY® Award from the Building Owners and Managers Association (BOMA). The Outstanding Building of the Year (TOBY) Awards recognize quality in commercial buildings and reward excellence in building management. 170 South Main, located in Salt Lake City, features a newly renovated lobby with granite floors, wood paneling and unique ceiling design and lighting, as well as renovated common areas, rest rooms and elevators. The building was awarded a LEED Silver certification in 2017 and is anchored by tenant US Bank. The team of Tammy Rasmussen, Sean Connelly, Kelly Snarr and Jon Farrer manage the property. “I couldn’t [...]

2019-08-20T12:52:32-04:00 August 20th, 2019|In the News|

Cushman & Wakefield Coliving Report Examines Thriving Multifamily Subsector, Emerging Niche Asset Class

For Immediate Release Cushman & Wakefield Coliving Report Examines Thriving Multifamily Subsector, Emerging Niche Asset Class Location, Convenience, Community and Affordability Maximized for Users, while Revenue Maximized for Owners, Operators and other Investors CHICAGO, May 29, 2019 – Cushman & Wakefield has released Survey of the Coliving Landscape, an in-depth report on this multifamily subsector and how it’s emerging as a favored, niche asset class. Coliving is a type of intentional community of housing where multiple people share a single home with shared areas such as bathrooms, kitchens and living rooms as well as other amenities. Major operators in the space currently have 3,700 beds with another 9,300+ in the pipeline, with a high concentration in New York, Los Angeles, Chicago, Boston, San Francisco, Seattle and Washington, DC. Tenants who choose coliving do so for a variety of reasons, including flexible lease terms as well as a sense of community [...]

2019-08-20T12:29:02-04:00 August 20th, 2019|In the News|

With IRS Guidance and the Clock Ticking, Opportunity Zones Poised for Enormous Investment and Development

For Immediate Release With IRS Guidance and the Clock Ticking, Opportunity Zones Poised for Enormous Investment and Development Recent Guidance to Unleash Hundreds of Billions, if not Trillions, of dollars in New Investment SALT LAKE CITY, UT -- July 10, 2019 – Recent IRS guidance regarding Opportunity Zones may unleash hundreds of billions, if not trillions, of unrealized gains into qualified, new real estate investment and Opportunity Zone Businesses, but the clock is ticking to maximize the program’s advantages, according to Opportunity Zones: Location, Timing, Capital, a new report released by Cushman & Wakefield. Opportunity Zones are designed to spur economic development by providing tax benefits to investors in economically distressed communities. Eligible real estate investments comprise new (re)developments, capital-intensive renovations and, under the new guidelines, a wide range of operating businesses including those involved in managing and developing real estate. Investors can defer tax on any prior gains invested in a [...]

2019-08-20T13:01:43-04:00 August 20th, 2019|In the News|

Cushman & Wakefield Names Salt Lake City as Top Five Tech Leasing City

In 2018 the technology sector in the U.S. cemented its position as a major driver for the U.S. economy and office market. Funding for tech-related businesses soared and the number of companies with valuations of $1.0 billion or more—popularly known as Unicorns—reached a record 156. Venture capital investments roughly doubled in 2018, rising from $72 billion in 2017 to $131 billion in 2018, the largest amount invested by venture capital funds since the all-time high of $188 billion in 2000. Read the entire article from Cushman & Wakefield's Principal Economist, Ken McCarthy. https://www.utahbusiness.com/tech-leasing-salt-lake/    

2019-03-29T16:36:48-04:00 March 29th, 2019|In the News|

Utah Managing Principal, Alison Beddard on “Balance for the Better”

Some thoughts:  Gender balance is one of the biggest transformations we will ever experience. The shift in power between men and women is evolving as we speak, and its ultimate impact and potential are highly underestimated. Slow and steady will win the “balance for the better” marathon. It will take patience and conviction to keep moving forward.  Gender balance (or the lack thereof) affects every part of human existence — political, economic, professional and personal. At Cushman & Wakefield Utah, shaping a better future depends on “balance for the better,” so all our employees have access to the same opportunities to develop a meaningful career for themselves.  Liberating men and women from traditional, stereotypical gender roles empower individuals to become the best versions of themselves. This process takes rigor and determination to engage everyone – including women – why this is a company value. The highest levels of success and [...]

2019-03-12T16:36:34-04:00 March 12th, 2019|In the News|