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  • (Herald Journal) After three years in an apartment, Jessica and John Knight finally bought their first home this summer.

    An $8,000 tax credit for first-time buyers spurred the young couple to take the leap, Jessica said. Their newly-constructed home in west Logan cost about $150,000.

    “We built because it’s hard to find something in our price range that had all the things we wanted,” said 22-year-old Jessica. After living the apartment life, Jessica said she’s enjoying having a place set apart.

  • PROVO (Deseret News) — The good news is in the mail.

    Some 125 Utah County families who thought they were losing the federal funding that helps pay their rent will find out today or Saturday that the financial assistance will continue.

    A month ago, those families were told the funding for their federal Section 8 housing vouchers would run out on Sept. 1. But thanks to an injection of $325,000 in federal funds from the U.S. Department of Housing and Urban Development, the voucher program will remain intact.

  • Hill Air Force Base Chaplain Carl Wright can hardly contain his excitement. For five years the base has been seeking money to expand its chapel, which seats about 350 people, but the project hasn't been an Air Force priority.

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  • ST. GEORGE - When the Walker brothers purchased 2,400 acres in Hurricane the idea was to plan something different for the area, a development designed around individual neighborhoods for the 10,000-plus home sites with a unique blend of amenities.

  • More than 100 acres of federally owned land -- known as the Oak and White Acre parcels --- has been transferred to Park City ownership as part of the Omnibus Public Land Management Act of 2009.

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  • Washington » Further evidence the recession is ending came in a report Thursday confirming that the economy shrank at an annual rate of just 1 percent in the spring.

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  • FARMINGTON -- A judge is expected to make a ruling today on the value of Steed Pond and the acreage around it. Landowner Lynn Allen Jenkins, of Bountiful, said in a condemnation hearing Wedn
  • (Park Record) The Sweeney family on Wednesday led a walking tour of the land where it wants to build the disputed Treasure development, a rare chance for City Hall officials and regular Parkites to learn about the project while at the site talking to the developer.

    The visit to Treasure, situated on a hillside overlooking Old Town and just off streets like Lowell Avenue and Empire Avenue, comes as the Sweeneys continue to try to convince the Park City Planning Commission that the Treasure blueprints fit with an earlier approval for the site and nearby developments.

  • (Park Record) The Park City Medical Center at Quinn's Junction won't admit its first patient until Sept. 15, but the halls are already teeming with activity. Last week, painters in overalls and electricians in tool belts were still weaving through throngs of new employees in an effort to have everything perfect for the building's community debut.

    Residents will have an opportunity to inspect the gleaming new hospital Thursday and Friday, including areas like the high-tech operating rooms that will be off limits once the hospital opens.

  • OREM (Daily Herald) -- Community voices have begun to be heard regarding The Center for Story and Art, a proposed auditorium facility being considered for Orem, and the voices are not unanimous.

    Orem Public Library director Louise Wallace, city staff liaison with the Orem Arts Council, reviewed a 2009 facility proposal in a Tuesday work session with members of the Orem City Council. The meeting also was attended by a number of representatives of the city's arts community.

  • (Daily Herald) After a three-month summer vacation, students returned to Lone Peak High School on Aug. 20. By 7:30 a.m. cars were already lined up on 4800 West, waiting to turn into the Lone Peak parking lot. Only a few lucky students realized that during the summer, Highland had constructed a new road and parking lot west of the school.

    City Administrator Barry Edwards said that one reason for building the road was to provide parking for Lone Peak students and for the 10-acre sports park (located north of the Lone Peak LDS seminary building).

  • ALTA (Deseret News) — A town-council meeting scheduled to discuss the proposed Patsey Marley subdivision has been changed from the town hall to the Our Lady of the Snows Community Center.

    The Sept. 3 meeting will start at 3:30 p.m. and will be open to the public, but it won't be open for public comment, said town clerk Kate Black. Rather, the council will discuss issues such as water and emergency access for the planned 10-home subdivision.

    The town will schedule required public hearings and a developer presentation on the proposal at a future date, Black said.

  • HARRISVILLE (Desret News) — Deseret Industries is leaving Ogden next month after more than six decades for a new location in Harrisville.

    The Deseret Industries at 2048 Washington Blvd., which opened in the 1940s, will have its final day of operation on Saturday, Sept. 19.

    The new Deseret Industries, part of the Harrisville Welfare Center, will have its grand opening Sept. 24-25.

    The welfare center will be similar to new centers in Layton and Logan, which are also both anchored by a Deseret Industries store.

  • (Salt Lake Tribune) LDS Church officials are planning to close a Deseret Industries thrift shop in Sugar House and move the outlet a few blocks west to the old Circuit City big-box store near 700 East and 2100 South.

    Plans also include purchasing an adjoining parcel and demolishing a historic mansion on the site, located northeast of the former Circuit City property.

    Although neither sale has been completed, both parcels currently are under contract.

  • (Salt Lake Tribune) The tide may be twisting in favor of Salt Lake City's goal to build a new downtown police headquarters with public money.

    A new poll, commissioned by the capital, shows 68 percent of likely city voters support a $125 million bond known as Proposition 1 that would fund a five-story police headquarters and a three-story emergency-operations center east of Library Square.

    Nearly 30 percent oppose the bond.

  • By Ken Holman
    Overland Group Inc, President
     
    Editor’s note: This article is the fourth in a five part series highlighting the five markets discussed at the 2009 Summer Symposium: Mid-Year Real Estate Economic Update.
  • The Office of U.S. Senator Orrin Hatch, the Woodbury School of Business and the Center for Ethics at Orem's Utah Valley University are sponsoring an economic summit on Friday where the financial future of the country will be discussed.

    Original Article

  • The Sugar House EmbroidMe will be moving to a larger location in mid-September. The new location will be at 2511 S. State in South Salt Lake. The new building is 3,600 square feet, nearly double the size of the store’s current location. EmbroadMe, which decided to take advantage of attractive lease rates brought on by the slow economy, leased its new location with the assistance of Eric Fuhrman of InterNet Properties.

  • (The Enterprise) A portion of property taxes in the Lehi area will be deferred so that the monies can be invested in Thanksgiving Park, a 38-acre development owned by Thanksgiving Development. The completed development will contain five buildings totaling approximately 710,000 square feet of commercial and 30,000 square feet of retail. A hotel is also in the preliminary plans. A Class A office building is already complete and measures 140,000 square feet. The building houses Vucci, Agel, Sorenson Capital, Propay and Private Capital Group.

  • (The Enterprise) Valley Station, a 17-acre, 200,000 square foot retail project in Heber which will be anchored by a 100,000 square foot Wal-Mart supercenter, will likely be complete in the second quarter of 2010. The Boyer Co. of Salt Lake City is developing the project. A significant amount of infrastructure has already been completed. Signed tenants for the development include Bealls, Rue 21 and Maurice’s. The project’s leasing agent Jake Fairclough of Commerce CRG is still negotiating with Chase Bank and Famous Footwear.

  • (The Enterprise) Nearly 95,000 square feet will be added to Valley Fair Mall in the second phase of the building's redevelopment project. Ross Dress for Less and Famous Footwear have signed on as tenants in the new space. Satterfield-Helm and Coventry Advisors plan to break ground early next year, finishing phase two a year from now. R&O Construction of Ogden will be the contractor.

  • Bryce Canyon visitors have a new lodging alternative. The Best Western Bryce Canyon Grand Hotel, operated by Ruby's Inn, recently opened one mile from the entrance to the national park.

    Original Article

  • (The Enterprise) The Factory Stores of America in Draper will be adding a 12-screen movie complex, an 8,000-square-foot restaurant to its site and an entertainment center. America’s Incredible Pizza Co. will also locate on the site with a 60,000-square-foot restaurant and game center. The restaurant will be built in the northern end of the Factory Stores of America building. Demolition will begin immediately, with the goal to open the pizza restaurant by Christmas.

  • LAYTON -- State officials are thrilled the South Layton Interchange project is finally under way, but not everyone shares their enthusiasm. Gov. Gary Herbert jumped behind the wheel of a large excavator and broke ground in a field near the Fort Lane Plaza on Tuesday afternoon, signifying the official beginning of the $97 million construction project transportation and city officials believe will alleviate traffic and revitalize old downtown Layton.

  • DAVIS COUNTY (Davis County Clipper) — Thanks to federal and state housing incentives, the county’s housing picture is looking up.

    That’s according to Brad Wilson, who not only is president of Destination Homes but also chair of the Davis Economic Advisory Council (DEAC).

    The state’s $10 million for new home purchases “really cleared a lot of the inventory,” he said. “If you’re in the market for a new home, you pretty much would be hard-pressed in Davis County to find something in the standing inventory.”

  • Sandy – The Salt Lake Board of REALTORS® reported Aug. 25 that home and condominium sales in Salt Lake County during the month of July increased 4 percent
    compared to home sales in July 2008.


    During the month, 1,094 homes and condominiums were sold, a 4 percent increase compared to 1,050 sales in July 2008. July’s increase was the second consecutive month that home sales in Salt Lake County witnessed a year‐over‐year rise. In June, home sales were up 5 percent compared to the same month a year earlier.

  • PROVO (Deseret News) — The Provo City Council has hired temporary, part-time help to carry out its intent statement to revitalize downtown.

    The statement is one of 10 resolutions passed during recent budget hearings that give the council more power to appropriate tax dollars. The resolutions dictate the timing and method of spending and include guidelines for the council and Mayor Lewis K. Billings to work together and with city departments.

  • (Deseret News) The price of homes sold in Utah fell almost twice as much as the national average in the second quarter, according to a government report released Tuesday.

    The Federal Housing Finance Agency Housing Price Index showed Utah ranked 46th out of the 50 states and the District of Columbia, with Utah prices depreciating 11.6 percent during the second quarter of 2009, compared with the same period last year.

    The nationwide depreciation average was 6.13 percent, the report stated.

  • PROVO (Deseret News) — The Provo Planning Division will showcase its recommended updates to the city's general plan at 6:30 p.m. tonight at Provo City Center, 351 W. Center.

    Last March, the Planning Division began the update to the general plan, which guides development. It's the first update to the plan in five years, city spokeswoman Helen Anderson said.

    The draft and other resources and public comment tools are online at generalplan.provo.org.

  • The smidgen of savings amounts to only an extra candy bar or a soda, but Salt Lake County hopes it will sweeten an otherwise sour tax taste. A week after dozens of sometimes-angry residents appealed to policymakers for relief, the County Council voted Tuesday to erase $104,000 from a $2.

    Original Article

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