Industry Related

Posted on February 28, 2017

The U.S. Small Business Administration (SBA) 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. As part of it mission to promote the development of businesses, the SBA offers a number of different loan […]

Posted on January 25, 2017

The real estate industry is increasingly influenced by rapid technological advancements and significant demographic shifts, which include growing urbanization, longevity of Baby Boomers and differentiated lifestyle patterns of Millennials. However, in spite of these fluctuating changes, commercial real estate (CRE), has been steadily recovering in recent years sustained by improved job growth and strong demand […]

Posted on January 13, 2017

The U.S. office market tightened in 2016 for a sixth consecutive year, although it showed signs of reaching equilibrium as vacancy stabilized in the fourth quarter and deliveries exceeded absorption by a wide margin. Here are the key points: Tenants absorbed 32.2 million square feet in 2016, down for a second consecutive year from the […]

Posted on November 11, 2016

In the days following the election, many clients and friends have reached out wondering  how President-elect Trump would affect real estate, specifically commercial real estate (CRE) in Salt Lake, Davis/Weber Counties, and Utah as a whole.  While that’s a very broad question, I’d imagine the simple answer would be that commercial real estate markets will […]

Posted on September 12, 2016

Mixed-use development is a type of urban development that blends residential, commercial, cultural, institutional or industrial uses, where those functions are physically and functionally integrated. With industrialization, governmental zoning regulations were introduced to separate different functions, such as manufacturing, from residential areas. However, since the 1990s, mixed-use zoning has once again become desirable. Some of […]

Posted on August 30, 2016

In the past, commercial office space has often followed a predictable, conservative layout. Oftentimes, private offices sat around the exterior of the floor plan, while all the juniors and amenities spaces were clustered towards the middle. However, many changes taking place in the industry are changing the way office buildings are designed, built and function. “Millennials […]

Posted on July 27, 2016

It’s hard to believe that we’re already halfway through the better part of 2016, but here we are.  Below is a link I’ve provided for the 2016 Newmark Grubb ACRES Midyear Market Report. All sectors (office, industrial, land, investment, retail) of the commercial real estate markets for the state of Utah are outlined herein. Geographically, this […]

Posted on July 7, 2016

Nearly two years ago, in August of 2014, Pluralsight relocated to Farmington’s new Station Park, leasing nearly 30,000 square feet of prime office space. Chris Falk, then Vice President of Newmark Grubb Acres, was instrumental in locating an ideal office space for the world leader in professional online tech training. “This is the first really […]

Posted on June 30, 2016

Julie Berreth with Architectural Nexus wrote the below article in the May 23 issue of The Enterprise.  We’re seeing more and more groups (not just “millennial tech companies”) spend a lot of time and money in designing office space that creates value.  As Utah’s commercial real estate continues to grow, you’ll likely see more and […]

Posted on June 10, 2016

Small businesses grow in stages. What was appropriate office space for a company’s first growth phase may not be suitable for a growing team of 50 employees. Eventually, many businesses reach a point when they become curious as to whether it would be beneficial for them to purchase office space rather than continue to lease . […]