Is the Utah real estate bubble going to burst

Homie's mission is to simplify home buying and selling with a one-stop-shop experience with Homie Real Estate, Homie Loans, Homie Title, and Homie Insurance. Prior to Homie, Johnny was President and Co-Founder of Entrata, a real estate software company, where he helped the company grow to over $100 million in annual revenue.

Actived: 5 days ago

URL: https://www.utahbusiness.com/is-the-utah-real-estate-bubble-going-to-burst/

Here's what real estate investors should expect after

(Just Now) The real estate market remained in crisis until 2012, as a result of easy loan speculation in which people bought properties they later couldn’t pay for, adding to the huge demand for home construction. New constructions were stimulated by the incentives of the SBA (Small Business Administration) – The United States Government Unit for

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Californians are not buying up all our real estate

(Just Now) U tah real estate prices are rising―steeply. The rumor is that the Californians are moving in. With residents from San Francisco and Los Angeles now working remotely, they’ve opted to move places with a lower cost of living―like Idaho and Utah―and driven up real estate …

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CBRE brokers the sale of Hardware Apartments

(2 days ago) CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices

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New board announced for NAIOP Utah

(4 days ago) About NAIOP: NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners, and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises over 19,000 members in North America.

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COVID sets Park City, UT home sales record of $446M in Jul

(8 days ago) The 6,400-acre, amenity-rich community accounts for 22 percent of Park City’s July and August home and land real estate boom. It had an astounding 86 new deals during those two months, more than triple the amount during the same time period last year, with record sales of over $275 million year-to-date, compared to $214 million for all of 2019.

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Why a millionaire real-estate mogul bought Skinwalker

(9 days ago) That we may be interacting with other entities, other intelligence,” says Brandon Fugal, real estate mogul and investor in the now infamous Skinwalker Ranch. Once owned by hotel financier and billionaire Robert Bigelow, the ranch is a 512-acre parcel of land in Utah’s Uinta Basin long reputed to be rife with paranormal activity.

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CW Urban to construct affordable housing in Park City

(3 days ago) Park City — C.W. Urban, an innovative Utah real estate developer, announces a new affordable housing project called The Village, located in Silver Creek, a master-planned development in Park City. The project consists of 38 condominiums including a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom dwellings.

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How Homie made a home in a new market

(3 days ago) There were several real estate regulations and legal details that differed between the Beehive State and its neighbor to the south. Because Homie recently opened up a mortgage division to help streamline the process of funding the buying and selling process, differences in funding regulations were also vital to navigate, says Hanna.

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The Complete Package: Smart employee

(1 days ago) Use an experienced real estate agent and loan officer Sure, you can educate yourself on the buying process, but unless you have a background in real estate or loans, and are well versed in the local market, chances are they know a lot more than you. In other words, once you provide the destination, let your agent and loan officer help get you

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Mortenson and Hamilton Partners acquire The 324 office

(1 days ago) Salt Lake City— Mortenson Properties, the real estate investment arm of M.A. Mortenson Companies, and Hamilton Partners, today announced the purchase of The 324 office building in Salt Lake City.The building is a 215,000 square foot, five-story building with an attached parking garage.

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Utah CCIM chapter honors top commercial real estate

(6 days ago) Utah CCIM chapter honors top commercial real estate professionals at 2020 event. By Press Release. June 1, 2021. 1.28k. Salt Lake City– The Utah Chapter of CCIM honored more than 40 finalists in 15 award categories and recognized six new and redeveloped projects at its 2021 Excellence Awards event. Held at the Grand America Hotel on Saturday

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The Best Real Estate In The Silicon Slopes

(2 days ago) The Best Real Estate In The Silicon Slopes. By Lisa Christensen. October 10, 2018. 10.69k. W ith the upcoming move to bring the Utah State Prison out of Draper and into Salt Lake City’s northwest quadrant, more than 700 real estate acres are going to be up for grabs in the next few years—and city and state officials, along with city’s

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Now Is The Time To Invest In Commercial Real Estate

(4 days ago) Now Is The Time To Invest In Commercial Real Estate. Given that President Donald Trump made his fortune in real estate, it shouldn’t come as a surprise that multiple provisions of the 2018 tax reforms stand to benefit commercial real estate directly, says Ian Prescott, a partner at the Salt Lake City-based CPA firm WSRP.

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R-Zero acquires leading workplace intelligence platform

(8 days ago) This real-time utilization data is leveraged for workplace experience applications while historical data is used by the real estate team for future planning and transitions. CoWorkr has streamed over 8M days of data for its customers and has helped major Fortune 500s save millions in annual commercial real estate costs by identifying vacancies

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Top producing team expands services in northern Utah

(3 days ago) Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 18,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors.

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CBC Advisors Acquired by Colliers International

(9 days ago) Colliers International is the fastest-growing commercial real estate firm globally, with more than 15,000 associates, $2.7 billion in revenue and 2 billion square feet of property under management. “This addition is the latest in a series of strategic acquisitions that we have completed in the U.S., all of which have strengthened and

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Why Colliers Chose Salt Lake City

(3 days ago) Colliers International is a Canada-based, top-tier, global real estate service and investment management company. They have more than 13,000 professionals operating in 69 countries, offering commercial real estate services on a local, regional, national, and international basis.

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Managing corporate real estate: Leading and emerging

(6 days ago) Managing corporate real estate: Leading and emerging practices. COVID-19 has disrupted nearly every industry to some extent, and commercial real estate is no exception. Many market segments—particularly hospitality, retail, and office—were significantly impacted by the results of the pandemic, as owners and users of real estate worked to

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Population Growth will Reshape Utah’s Housing Market

(Just Now) February 22, 2018. 33.77k. Utah’s residential real estate market has had a similar story over the past few years: dwindling inventory leading to increasing prices, along with continued growth in the multi-family sector. But Utah is projected to double its population by 2065. That unprecedented growth is expected to have an even larger impact

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Atlas Real Estate expands into Salt Lake City with

(5 days ago) Salt Lake City — Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management, and institutional acquisition, has acquired Black Aspen Management Corp., a property management company based in Holladay, UT, a suburb of Salt Lake City.Pursuant to the transaction, Atlas assumes full management of Black Aspen Management’s …

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A conversation with commercial real estate leaders

(3 days ago) A conversation with commercial real estate leaders. This month, Utah Business partnered with Holland & Hart to host a roundtable event featuring Utah real estate leaders to discuss the Inland Port, air quality, and outlooks for the 2020 market. Moderated by Lindsay Cleverly, executive director at NAIOP, here are a few highlights from the event.

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This is the CEO of Homie's unique home office

(5 days ago) Homie's mission is to simplify home buying and selling with a one-stop-shop experience with Homie Real Estate, Homie Loans, Homie Title, and Homie Insurance. Prior to Homie, Johnny was President and Co-Founder of Entrata, a real estate software company, where he helped the company grow to over $100 million in annual revenue.

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Ephraim Crossing developer purchases industrial building

(Just Now) Ephraim Crossing developer purchases industrial building in Ephraim. Ephraim — Camino Verde Group, a real estate investment, development, and asset management company, has acquired an industrial building located at 455 W 100 North in Ephraim for an undisclosed amount. The 85,297 square foot building has six bays and is located on 9.3 acres.

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The Mogharebi Group opens Salt Lake City office

(4 days ago) With more than 20 years of real estate investment banking experience, Gatto is responsible for more than $1 billion in multifamily and hotel sales transactions throughout the Mountain West region of the United States. While the Salt Lake City office will focus primarily on multifamily, Gatto also will be responsible for broadening The Mogharebi

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A conversation about commercial real estate in 2021

(8 days ago) A conversation about commercial real estate in 2021. T his month, we hosted a roundtable event featuring Utah’s commercial real estate leaders speaking on the impact of working from home, development hotspots, and changing tenant needs post-pandemic. Moderated by Lindsay Cleverley, executive director of NAIOP Utah, here are a few highlights.

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Woodbury Corporation opens Midwest Office and announces

(8 days ago) Salt Lake City — Woodbury Corporation, a full-service real estate management, and development company, announced the opening of its new Mid-west office in Omaha, Nebraska, and its director, Josh Berger. Woodbury Corporation has developed, managed and/or partnered in many successful mixed-use, commercial, residential and office developments in

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Colliers Utah takes top honors at 2021 CCIM Excellence

(Just Now) By Press Release. May 25, 2021. 595. Salt Lake City —. CCIM Utah recognized three top professionals from Colliers as business leaders gathered at the Grand America Hotel for the 2021 Excellence Awards. The CCIM Excellence Awards ceremony annually recognizes leaders who have made an exceptional impact on their communities by exemplifying the

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Patrinely Group announces first office lease at 650 Main

(5 days ago) Patrinely Group is a national real estate investment, development and management firm focused on large scale, Class A mixed-use, office and multifamily properties in major markets. Recognized as a leader in real estate development since 1983, Patrinely Group has completed $10 billion in transactions and is experienced with all real estate asset

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Outlook: Commercial Real Estate

(6 days ago) Rajv Shah, Vectra Management Group. Paul Skene, Cresa. Jeffrey Woodbury, Woodbury Corporation. A special thank you to Melissa Cline, executive director of the Utah Chapter of the Commercial Real Estate Development Association (NAIOP Utah), for moderating the discussion. At the very beginning of the year, the market was going crazy.

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Adding Value: How Using a Commercial Broker Can Benefit

(7 days ago) Real estate—often the second-highest expense of running a business—has a significant effect on a company’s balance sheet. Given the impact real estate can have on the bottom line, it belies business owners to do everything within their power to get the best deal possible.

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Homie to create 1,000 new buyer agent jobs

(2 days ago) Salt Lake City — Homie, a disruptive real estate company changing the way homes are bought and sold, today announced plans to significantly expand its already rapidly growing team of dedicated buy-side real estate agents by adding 1,000 new buyer agents across all of its markets.In a highly competitive real estate market, buyers need local expertise and experienced professional …

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Utah CCIM Chapter announces finalists for 2021 Excellence

(7 days ago) April 27, 2021. 1.26k. Salt Lake City — The Utah Chapter of CCIM announced finalists for the 2021 CCIM Excellence Awards, an honor bestowed upon professionals within Utah’s commercial real estate industry who exemplify the highest degree of business excellence. Recognizing individuals spanning more than 15 specialties, the award recipients

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An Outlook Of Commercial Markets in 2020

(8 days ago) An Outlook Of Commercial Markets in 2020. By CBRE. January 8, 2020. 3.6k. At the end of each year, CBRE releases an annual real estate outlook providing in-depth forecasts for the economy and each major commercial sector. A desire to understand where the economy is headed next year is perhaps of greater interest than usual, due to ongoing

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Salt Lake City among top targets for commercial real

(8 days ago) Salt Lake City — A recent survey of commercial real estate investors ranked Salt Lake City as a top 20 target among Americas metros. Salt Lake City tied with Chicago for the #20 spot in CBRE’s 2021 Americas Investor Intentions Survey.This is the first time Salt Lake City has appeared on the list since 2016, when the metro was ranked #24.

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Commercial Building & Real Estate Commercial Real Estate

(6 days ago) Commercial Real Estate Developers Ranked by Utah Full-Time Employees Rankings based on 2017 data. DND=Did Not Disclose. Sources: surveys, internet and interviews with company representatives. Some companies may have been omitted due to lack of information or …

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Homie Loans adds Dan Richards as SVP

(6 days ago) Homie is a real estate company changing the way real estate is bought and sold by eliminating high fees and commissions. The company simplified an outdated and overcomplicated process through a combination of technology and expert, full-service agent support. Homie operates in five states, is the #1 listing brokerage office in Utah, and is

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CBRE adds to strength of local research group with

(6 days ago) February 19, 2021. 589. Salt Lake City — The commercial real estate firm CBRE, Inc. announced today that it has brought on two new research analysts, further strengthening its regional commercial real estate and economic data analysis expertise. New hires Sierra Hoffer, senior research analyst, and Chase Johnson, field research analyst, join

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The impacts of COVID-19 on commercial real estate

(1 days ago) While Q1 retail real estate fundamentals were largely unaffected by COVID-19, stay-at-home orders and nonessential retail store closures that went into effect late in the quarter resulted in an 8.7 percent drop in March retail sales. Q2 retail sales will largely depend on the duration of the shutdown but likely will be hard hit.

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Park City-based RET Ventures closes $165-million fund

(1 days ago) A leading real estate technology investment firm, RET Ventures is the first industry-backed early-stage venture fund to strategically focus on helping build cutting-edge “rent tech” — technology for multifamily and single-family rental real estate. RET’s base of Strategic Investors includes some of the largest REITs and private real

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Crescent Communities announces first

(2 days ago) MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Homie CashTM allows buyers to make all-cash offers on

(9 days ago) Homie has brought Real Estate, Mortgage, Title, Insurance, and Marketplace services all under one roof to make life easier for its customers. In 2020, Homie was named #25 on Deloitte’s “North America Technology Fast 500,” an annual ranking of the fastest-growing companies.

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Salt Lake City office campus signs 170,000 SF of leases in

(1 days ago) Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation, and other services.

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Wasatch Front home sales surge in first half of 2020

(2 days ago) The Salt Lake Board of Realtors® is the Wasatch Front’s voice of real estate and the No. 1 source for housing market information. Established in 1917, the Salt Lake Board of Realtors® is a leader in protecting private property rights. As Utah’s largest real estate trade association, the Salt Lake Board of Realtors® assists its members to

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Lotus Company team expands

(6 days ago) This marriage of real estate and hospitality ventures support and strengthen the fabric of our communities, creating gathering spaces where connections are built and bolstered. Lotus Company has created a $200 million ground-up asset portfolio and has a $316 million development pipeline of some of the most diverse and interesting projects along

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Finance & Professional Private Equity Firms in

(3 days ago) Commercial real estate Partnerships $5,000,000 - $40,000,000 Park City Angels parkcityangels.com [email protected] NA 2007 Jesus Loya (Director) Varies Early stage $150,000 - $1,500,000 Peak Ventures peakventures.vc (801) 341-0300 4956 N. 300 West, Ste. 300 Provo, UT 84606 2014 Jeff Burningham (Managing Partner) Technology Seed, early

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Chambers USA 2021 recognizes Holland & Hart lawyers and

(5 days ago) • Real Estate. Firmwide, Chambers USA ranked 84 Holland & Hart lawyers and 37 of the firm’s Chambers-defined practice areas by market, reinforcing Holland & Hart’s leading presence in our eight-state footprint and in Washington, D.C. The firm’s Environment practice was ranked nationally for the twelfth consecutive year, and for the

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