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 [...]
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 [...]
SALT LAKE CITY, Utah – October 23, 2017 – The apartment market in Utah County is as strong as ever according to new research from Cushman & Wakefield. The current vacancy rate is 4.2 percent, reflecting high demand, which will continue well into next year. “With the fastest growing population along the Wasatch Front, the demand for housing in Utah County is incredibly strong,” said Kip Paul Executive Director, Investment Sales at Cushman & Wakefield. “The housing market, including apartments will experience significant pressure in terms of inventory and prices going forward. Even with 20 new apartment communities totaling 3,915 units having been proposed in Utah County for the next two years, demand is so high, there is no sign of oversupply in the foreseeable future. Property investment, particularly in this space, is a highly attractive prospect for developers and buyers.” Utah County has nine apartment communities totaling 1,685 units under [...]
SALT LAKE CITY, Sept. 12, 2017 — According to new research from Cushman & Wakefield Commerce, the apartment market in the Salt Lake City area is currently at historic levels. Mid-year figures show the vacancy rate is 2.6 percent, which is the lowest ever reported. “For the third consecutive year, the apartment communities in the Salt Lake Area are considered fully occupied,” said Kip Paul Executive Director, Investment Sales at Cushman & Wakefield. “This low vacancy is fueling a record-breaking level of construction of new apartment buildings. This begs the question of whether the market is over-building. The data shows that even with previously unmatched levels of development, the demand is such that there is no sign of oversupply in the foreseeable future and property investment, particularly in midsize communities is particularly attractive to buyers.” Paul said midsize apartment communities (100-250 units), for the first time in recent history, are driving [...]
Cushman & Wakefield closes acquisition of partner firms in Minneapolis, Seattle, Salt Lake City, and Las Vegas markets
200 brokers, 50 million sf of managed properties, 750 employees join Cushman & Wakefield CHICAGO, September 5, 2017 – Cushman & Wakefield today announced it completed its acquisition of Cushman & Wakefield NorthMarq (CWN) in Minnesota and Cushman & Wakefield Commerce (CWC) operations in Nevada, Utah and Washington. Collectively, Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce employ 750 employees and manage almost 50 million square feet of real estate across 10 offices and have 200 brokers. “These are great markets with a solid operations, top people, and strong leadership. Together we are affirming our commitment to deliver our clients the best strategic advice and platform of services,” said Tod Lickerman, Chief Executive Americas, Cushman & Wakefield.
Read the full press release here.
Travis Healey of Cushman & Wakefield Commerce Achieves SIOR Designation from Society of Industrial and Office REALTORS®
SALT LAKE CITY, July 13, 2017 – Travis Healey Senior Director/Industrial – Industrial Brokerage at Cushman & Wakefield Commerce in Salt Lake City, has achieved the SIOR designation awarded by the Society of Industrial and Office REALTORS®. To achieve the SIOR designation, Healey completed at least five years of creditable experience in the highly specialized field of office real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity. SIOR enforces a strict code of ethics and requires designees to complete its ethics course within their first three years of membership. “Achieving the SIOR Designation is reserved for individuals who consistently exhibit ethics and integrity in the course of a successful commercial real estate career,” said Trigger Reital, SIOR, Market Leader of the Cushman & Wakefield Commerce Salt Lake City office. “We congratulate Travis for this noteworthy achievement and welcome him to the ranks of [...]
SALT LAKE CITY, June 28, 2017 – The The Salt Lake City office of Cushman & Wakefield Commerce has added a new Operations Director. The role will strengthen support for the brokerage and property management businesses as the company continues to grow in Salt Lake City. “As our team continues to grow, it is important to provide the operations and research support that will help our entire organization better serve our clients,” said Trigger Reital, Salt Lake City Market Leader, Cushman & Wakefield. “We are thrilled to have Jake join the team and are looking forward to working with Matt in his critical new role.” As the new Operations Director, Bowman will collaborate with Business Leaders Reital and Molly Westbrook, vice president-Asset Services, to lead the operations of four Utah offices. He will manage commission processing, financial reporting, budgeting, revenue forecasting, review and management of all contracts, and ensure accuracy [...]
Tom Freeman of Cushman & Wakefield Commerce Achieves SIOR Designation from Society of Industrial and Office REALTORS®
SALT LAKE CITY, June 26, 2017 – Tom Freeman, Executive Director – Industrial Brokerage at Cushman & Wakefield Commerce in Salt Lake City, has achieved the SIOR designation awarded by the Society of Industrial and Office REALTORS®. Individuals who earn the SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR. Today there are more than 3,000 SIOR members in 630 cities in 34 countries. “Becoming a designated member of SIOR not only means that the individual has a stellar track record of conducting successful business, it also means the person has been given a vote of confidence by other SIOR members regarding the ethics and integrity of the individual,” said Trigger Reital, SIOR, Market Leader of the Cushman & Wakefield Commerce Salt Lake City office. “We congratulate Tom on achieving this designation and I welcome him to the [...]