Construction Begins on $45M Mixed-Use

The Boyer Co. and the city of South Salt Lake, UT broke ground on The Crossing, a 235-acre mixed-use development. Upon its completion, the $45 million development will offer 2,500 multifamily units, 1.5 million square feet of retail and restaurant space, and 3 million square feet of office and commercial space. WincCo Foods is the

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Seattle Investor Snags Five-Property Western MF Portfolio for $100M

Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily assets on behalf of Seattle-based Investors Capital Group, LLC. The acquired properties are in four western states: Washington, Idaho, Utah and Arizona. The structured facility features five tranches of fixed-rate debt with 10- and 12-year

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Howard Hughes Secures $372M in Construction Financing

Howard Hughes Corp. secured a total of $372 million in construction financing for development of two mixed-use projects in Honolulu, HI’s Ward Village. Randy Fleischer with Hamilton Realty Finance arranged both transactions. A $143 million partial recourse facility was obtained to develop Ke Kilohana. U.S. Bank is serving as the lead lender for a syndicate

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Utah Cancer Institute Expands to 200K SF with New Funding

Huntsman Cancer Institute (HCI) at the University of Utah expanded plans for a new cancer patient facility following a $30 million gift from the Huntsman Cancer Foundation. The contribution from Peter Huntsman and the family’s Huntsman Foundation will allow the planned HCI expansion to grow from 102,000 square feet of new space to 200,000 square feet, and from four to

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Vestar, Oaktree Secure $97M Refi for SLC MXU

A partnership between Phoenix-based Vestar and funds managed by Oaktree Capital Management L.P. received $96.9 million to refinance The Gateway, a 651,778-square-foot, mixed-use property in downtown Salt Lake City. The upscale complex, which includes retail, office and entertainment, is situated on 21 acres at 41 South Rio Grande in the CBD. HFF’s Aldon Cole, Paul

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$165M Refi for Hawaii’s Largest Office/Industrial Asset

Beverly Hills, CA-based Sonnenblick-Eichner Company arranged $165 million of non-recourse, first mortgage leasehold financing for Honolulu-based AIPA Properties, LLC to refinance a 1.3 million-square-foot, mixed-used property located adjacent to Honolulu International Airport in Oahu, HI. The 15-year, fixed-rate, interest only loan is secured by Airport Industrial Park, the largest office and warehouse complex in the state

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Kennedy Wilson Snags Salt Lake City MF’s for $93M

Beverly Hills, CA-based Kennedy Wilson acquired a pair of multifamily properties in Salt Lake City for a combined off-market deal value of $92.5 million. Beginning immediately, the new owner plans to initiate a value-add asset management plan, including investing $5.3 million across both properties in improvements. The assets are located a mile apart and include: –

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Dunkin’ Donuts Returns After 10-Year Hiatus

Dunkin’ Donuts is returning to Hawaii after more than a 10-year absence. The sweet shop is planting its first stake on 1.3 acres on Paiea Street, across from the Honolulu International Airport Trade Center. The $5 million location will open in summer, and will be neighbors with an IHOP restaurant, a Shell gas station, and

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