Salt Lake City

The final groundbreaking for downtown's City Creek project was yesterday, July 8, for City Creek's downtwon grocery store, Harmons.

"It's an exciting day to note that this is the concluding groundbreaking," said H. David Burton, Presiding Bishop of The Church of Jesus Christ of Latter-day Saints, which is developing the City Creek Project for Salt Lake City.

The groundbreaking for Harmons' fifteenth store is the beginning of the 50,000 plus square foot construction project that will finish during the fall of 2011.

By Ken Holman

Overland Group, Inc.

Commercial real estate values continue to fall, but the rate of decline decreases.

Integra Realty Resources' first quarter 2010 Commercial Property Index indicated the office, industrial and retail sectors experienced a two percent drop in value during the last three months, which was well below the seven to 15 percent value declines over the last twelve months.

By Ken Holman

Overland Group

Panelists met Wednesday, May 25, to discuss the City Creek development project in downtown Salt Lake City.

"Salt Lake City could be the epicenter for growth [in the west] for years to come. We're talking about sustainable growth. Office space in many western cities is going at fire sales prices," one panelist stated. "You can buy office space at 20 cents per square foot in some cities, but then you have to live there."

SALT LAKE CITY (Deseret News) — With construction crews already working on the North Temple TRAX line, city leaders are looking for ways to promote "desirable" development along the path to the airport.

A new transit station area zoning district that makes the process "easier and shorter" for developments that meet certain guidelines would be one way to do that, some officials say.

SALT LAKE CITY (Deseret News) — A tour through Young Electric Sign Co.'s new facility is a seemingly endless opportunity to look at pictures and models and say, "I know that sign!" or "You made that one?"

(Deseret News) Federal Heights got its name from the Army officers at Fort Douglas who established homesteads in the area in the late 1800s.

Today, this area of the valley is known for its tree-lined streets, early traffic circles and gracious homes that represent everything from the late Victorian era through Period Revival and Arts and Crafts/Craftsman/Bungalow to a few modern styles.

SALT LAKE CITY (Deseret News) — A Davis County man involved in a multimillion dollar mortgage fraud scheme was sentenced to less than five years Wednesday — a reduced sentence he was granted for working with the government.

Lyle Clay Smith, 44, was sentenced to 56 months in federal prison, five years of supervised release and ordered to pay almost $2.5 million in restitution by U.S. District Judge Dee Benson.

SALT LAKE CITY (Deseret News) — Water circulated through the reflecting pools Tuesday, and for the first time in a long time, something was moving on Richards Street.

The historic thoroughfare between Main and West Temple has been closed since the 1970s, a casualty of the now-demolished Crossroads Mall. But as construction continues at the LDS Church's City Creek Center, a trio of old streets — Richards, Regent and Social Hall Avenue — will make a comeback downtown as pedestrian pathways.

SALT LAKE CITY (Deseret News) — Opponents of a planned soccer complex along the Jordan River say a city planning commissioner failed to declare a conflict of interest and recuse himself during a vote to rezone the property last week.

Michael Gallegos, director of Salt Lake County's community resources and development department, voted to approve the rezone petition last week, clearing the way for the $22.7 million complex to be built near 2200 North, despite ongoing negotiations between the city and the county to operate the 13-field complex.

SALT LAKE CITY (Deseret News) — Zions Bancorp on Monday reported its sixth straight quarterly loss, but it was a loss well below that predicted by a group of analysts and less than half the loss in the previous quarter.

According to its first-quarter 2010 financial report, Zions had a net loss applicable to common shareholders of $86.5 million, or 57 cents per diluted share. The consensus Wall Street expectation was for Zions to lose 95 cents per share in the quarter.

SALT LAKE CITY--(Utah Pulse)--Prudential Utah Real Estat announced today that Ross Anthony has been named senior vice president and Salt Lake City area general manager.

Anthony’s responsibilities include overseeing management of seven Prudential Utah Real Estate offices throughout the greater Salt Lake City area. He is also responsible for companywide administration, human resources and relocation services.

SALT LAKE CITY (Deseret News) — The cost of transforming North Temple into a grand entrance to the capital city will have to fall, in part, on property owners on that street.

But after hearing complaints that a proposed taxing district might break the bank for businesses along the strip, city officials are easing up a bit.

Mayor Ralph Becker's administration is looking to reduce the burden that will be placed on property owners, as city officials try to pay for the lights, trees and art installations that will run along the future TRAX line to the airport.

(Salt Lake Tribune) Bordered by a sweeping concrete wall and dotted with young trees, the southwest corner of Reservoir Park was peaceful on a recent morning. Only a line of footprints disturbed the surface of a newly fallen layer of springtime snow.

A year ago, the scene at 1300 East and 100 South in Salt Lake City would have been very different. Instead of a wide-open green space, the approximately football-field-sized area was covered by a decrepit set of tennis courts.

SALT LAKE CITY (Deseret News) — As the LDS Conference Center embarks on its second decade, some may talk of what it might have been — a massive domed arena — or of its lesser-known amenities, like the collection of wood, welding and machine shops and the adjoining 900-seat theater.