Executive Director, Dana Baird, Weighs in on Office Space Trends with Salt Lake Tribune

  Top real estate brokers who specialize in office spaces, like Cushman & Wakefield's own Dana Baird,  say Utah’s capital city is under intense demand as a place to work, with a premium — thanks to TRAX — on locations in the central business district. That’s true of startup companies, existing firms looking to grow, or corporate giants like Amazon, Facebook and Goldman Sachs, all expanding in the Beehive State. Read more about Baird's thoughts on what's happening in the world of office space in this article by  Salt Lake Tribune real estate reporter, Tony Semarad. https://www.sltrib.com/news/2018/11/04/office-spaces-salt-lake/        

2018-11-12T11:07:01+00:00 November 12th, 2018|In the News|

Veterans Voices: Retired Lt. Colonel Mike Farmer

Cushman & Wakefield, Salt Lake City, UT U.S.  Marine Corps Dates Deployed: Active Service April 1971-March 1974; Reserve Service August 1974-May 1998 Platoon Commander, 1st Platoon, Bravo Company, First Battalion 9th Marines, Vietnam S-2 (Staff Officer, Intelligence) First Battalion 9th Marines, Vietnam Executive Office, Kilo Company, 3rd Battalion 8th Marines, Camp Lejeune North Carolina Company Commander, Kilo Company 3rd Battalion 8th Marines, Camp Lejeune S-3A (Operations officer) 3rd Battalion 8th Marines Various posts through the Reserve Component During his career, the U.S. Marine Corp recognized Lt. Colonel Mike Farmer for his leadership, service and valor with the Vietnam Campaign Medal  PERSIST, NEVER QUIT AND ALWAYS DO AS WELL AS YOU CAN “Esprit de Corps” is the undercurrent of my personal life and all my dealings at Cushman & Wakefield. I cultivated and refined this while in the Marine Corps. When you’re in the military, you’re in a closed community. Everyone [...]

2018-11-07T17:12:02+00:00 November 7th, 2018|In the News|

Cushman & Wakefield Announces Sale of Wood Partners’ Alta Gateway Station

Brand New Class-A+ 277-Unit Apartment Community in Downtown Salt Lake City SALT LAKE CITY, UT -- October 29, 2018 -- On behalf of Wood Partners, Cushman & Wakefield is pleased to announce the sale of the award-winning Alta Gateway Station. The sale garnered 207 executed confidentiality agreements, generating eight offers (five of which were Institutional Profiles). Alta Gateway Station breathes new life and sophistication into Salt Lake City's new Entertainment District, and is adjacent to The Gateway open-air retail and office destination, and Vivint Smart Home Arena, home of the Utah Jazz. Named "Development of the Year" by the Utah Apartment Association, the community also boasts the first and only LEED Platinum certification* (highest level attainable; mark of quality and achievement in green building) for a multi-family apartment building in Utah. “The LEED Platinum certification establishes Alta Gateway Station as a showcase example of efficient design and sustainability,” says Tim McEntee, [...]

2018-10-29T14:16:02+00:00 October 29th, 2018|In the News|

Another Noteworthy Quarter for Salt Lake County’s Industrial Market

Salt Lake County Sees Job Growth of 3.7% in Q3 2018  -- the Highest in the Nation   SALT LAKE CITY, UT -- October 23, 2018 -- Ranked sixth nationally for economic opportunity, Salt Lake County maintained its precedent of outperforming the U.S. economy through Q3 2018. Year-over-year, the county saw unemployment dwindle from 3.4% to 3.0% - a 40-basis point (bsp) drop. Meanwhile, Salt Lake County saw total employment climb to 740,000 while Utah, as a whole, saw job growth of 3.7% during the last year – the highest such rate in the nation. Most notably, according to Cushman and Wakefield Research Analyst, Culum Mills, vacancy dipped by more than half year-over-year, down more than 340 bps; a strong indication of the exorbitant demand for the county’s industrial product. Net absorption was very strong for the quarter with multiple leased deliveries driving absorption up to 2.7 million square feet [...]

2018-10-25T19:21:48+00:00 October 25th, 2018|In the News|

U.S. MarketBeat Reports Q3 2018

October 18, 2018 A Tale of the Property Markets: Banner Year for Industrial, While Retail Lives On The growth trajectory of the U.S. economy is expected to moderate somewhat in 2019, as some of the effects of tax cuts start to fade and the higher interest rate environment begins to dampen activity in certain sectors. In the third quarter, the technology sector remained the key source of demand in U.S. office markets accounting for nearly 27% of the top leases. Consumer spending and retail sales were positive, and eCommerce even more so. Online sales are forecast to grow by double-digits throughout the next three years. Despite concerns over trade policy, the primary drivers of industrial leasing continue to exhibit strength. Cushman & Wakefield Americas Head of Research, Revathi Greenwood, provides insights and glances of Office, Industrial and Shopping Center data. Access the report at: http://www.cushmanwakefield.com/en/research-and-insight/2018/us-q3-2018-marketbeat  To learn more, visit Cushman [...]

2018-10-18T16:49:18+00:00 October 18th, 2018|In the News|

Tech Cities 2.0 Highlights the Tech Industry’s Critical Impact on Commercial Real Estate in Salt Lake City and Provo-Orem Areas

Salt Lake City, September 27, 2018 – Cushman & Wakefield today released Tech Cities 2.0 an annual report that identifies existing and emerging tech centers increasingly driving the North American economy and details their impact on the commercial real estate sector.   “Over the past few decades, Utah and in particular Salt Lake City and Provo-Orem areas have been at the heart of technological innovation,” said Dan Broderick, Regional Managing Principal,  Arizona,  Colorado,  Mexico, Nevada, San Diego and Utah.  “The new Tech Cities 2.0 report validates that the Utah economic stability and growth is due in no small part to the many tech companies have been established in Utah as well as the many global brands that are choosing to lease additional office space in Salt Lake City and in the Provo-Orem area.”   A follow-up from last year’s inaugural Tech Cities 1.0 report, this year’s research reviewed all major North American markets, [...]

2018-10-16T12:10:59+00:00 October 16th, 2018|In the News|

170 South Main Building in Salt Lake City Undergoes Multi-million Dollar Renovations

SALT LAKE CITY—Jan. 31, 2017—Cushman & Wakefield today announced that the 170 South Main Building is currently undergoing major common area renovations in preparation for a grand re-opening in the first quarter of 2018. Cushman & Wakefield manages the building and is responsible for representing the leasing as well. “One of the first things that tenants and visitors to the building will notice is that the lobby has gone through an extensive remodel and lobby reconfiguration,” said Dana Baird, CCIM, Executive Director at Cushman & Wakefield. “A new restaurant, Bagels and Greens recently opened its doors to rave reviews and soon the building will also have a newly-renovated premier fitness center, which will be available to all tenants. These are only some of the additions to what is already an incredible office building located in the heart of downtown Salt Lake City.” Cushman & Wakefield is one of the tenants [...]

2018-04-26T15:42:47+00:00 January 31st, 2018|In the News|

250 Tower in Salt Lake City to be Leased for the First Time

Major renovations and upgrades highlight high-demand Class-A downtown office property  SALT LAKE CITY—Jan. 26, 2018—Cushman & Wakefield today announced that Unico Properties, the new owners of 250 Tower, located at 250 East 200 South in Salt Lake City will soon be featured as a prime property in the downtown market following some renovations and upgrades.   Cushman & Wakefield has been assigned both the property management and the leasing of the building. “The 250 Tower has never been a for-lease building. It was formerly a single-tenant, owner-occupied building and as such is newly available to the market,” said Dana Baird, CCIM, Executive Director at Cushman & Wakefield. “There is 100,000 square feet of availability in this property, including the top two floors that will come with the option for signage.” Baird added, downtown Salt Lake City remains a critical business hub for the region and the building owner’s commitment to [...]

2018-04-26T15:36:07+00:00 January 26th, 2018|In the News|

Cushman & Wakefield Names Gary Mangum Utah Managing Principal

Mangum Focusing on Deeper Client Relationships and Continued Growth for Salt Lake City, Ogden, Park City and St. George markets SALT LAKE CITY, November 16, 2017 – Cushman & Wakefield today announced the appointment of Gary Mangum as Managing Principal of the firm’s Utah offices. Based in Salt Lake City, the industry veteran brings more than 39 years of experience and leadership in real estate and related business to his position. “Gary has an incredible wealth of experience and depth of knowledge that will enhance our client relationships across Utah,” said Cushman & Wakefield’s Andrew McDonald, West Region President. “Utah is a strategic priority for our firm, and as we continue to integrate these offices into our platform, it is critical that we have strong leadership with deep and meaningful roots in the communities where we do business.” Mangum most recently served as the Regional Manager and Principal Broker of the Salt [...]

2018-04-26T15:31:02+00:00 November 16th, 2017|In the News|