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  • (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

  • BRIAN HEAD - During a public truth in taxation public hearing Tuesday night, Brian Head Town Council members held onto their self-proclaimed gag orders as residential and commercial property owners disputed a proposed property tax revenue increase.
  • Don't want to haul that pile of paperwork to City Hall for a building permit? Hop over to your computer instead. Salt Lake City has launched a new submission, review and tracking program that enables developers, architects, contractors and residents to submit paper-free plans to city offices.

    Original Article

  • Utah's home values fell nearly 12 percent over the past year, the sixth-worst drop among all states, a new report shows. The numbers, from the Federal Housing Finance Agency, underscore the harsh reality for many sellers in a down market, especially those trying to sell properties in higher

    Original Article

  • LAYTON -- Standing in a room painted black from ceiling to floor, U.S. Sen. Orrin Hatch, R-Utah, listened to Hill Air Force Base officials describe the technological future of American fighter planes. The near future brings more than 200 new jobs for Davis County, base officials told Hatch on Monday at a gathering to officially open a $38 million software maintenance building addition.
  • (Deseret News) The company that handles advertising, printing and delivery for the Deseret News and The Salt Lake Tribune is branching out into the world of real estate.

    MediaOne of Utah has launched MediaOne Real Estate, a full-service licensed brokerage, servicing home sellers. The company's Web site promises a "marketing arsenal" that reaches about a million people each week for a flat fee of $2,000.

    "We just felt that there is an opportunity in that area," Brent Low, president and chief executive officer of MediaOne, told the Deseret News.

  • (Deseret News) The Tracy Aviary in Salt Lake City has three years and $19.6 million to make renovations and upgrades to the facility.

    There's plenty to tackle, and project consultant Paul Svendsen says making the deadline will be a challenge.

    "It will be a tough deadline," he said. "But it's a deadline we have to make."

    Voters approved the money to revamp the aviary last November.

  • (Deseret News) From the very beginning, Salt Lake City was a planned city. One of the first things the Mormon settlers did was to lay out the gridwork of a town.

    In 1855, Jules Remy, a visitor to the city, gave this description:

  • A Utah judge has ordered that a polygamous group's historic farm be put up for bid to solve a cash crunch in a property trust once controlled by the sect.

    Original Article

  • The Odd Fellows Hall has reached its new location on Market Street in downtown Salt Lake City after a weekend move. The historic building, now catercorner from its previous site and sitting on motorized dollies, was inched 85 feet east on Saturday.

    Original Article

  • By Ken Holman

    Overland Group Inc, President
     
    Editor’s note: This article is the third in a five part series highlighting the five markets discussed at the 2009 Summer Symposium: Mid-Year Real Estate Economic Update.
  • DAVIS COUNTY (Davis County Clipper) — New apartments in many cities in Davis County are starting to pop up, despite the lack of apartments being rented.

    According to Arthur C. Nelson, director of the University of Utah’s Metropolitan Research Center, the amount of renters in Utah is expected to increase by at least 32-35 percent by the year 2020.

    Also, the amount of apartment construction in Utah is up 97 percent just for the 2009 year.

  • LAYTON (Davis County Clipper) — It’s still very much a work in progress, but planning for Layton’s new hotel/mall area “interconnecting walking trail/park” is moving forward.

    Originally called the “yellow brick road” by Davis Convention & Visitors Bureau CEO Barbara Riddle, the idea was to make it easier for visitors to hotels and others to reach nearby destinations.

  • (Deseret News) For years, tales of a mystical skiers' paradise tucked deep in the Oquirrh Mountains captured the fancy of Utahns.

    Then late in 2007, Kennecott Land, a subsidiary of Rio Tinto Ltd., announced it was going to turn fable into reality by building a west-bench Shangri-La of its own, although no timetable was provided.

    Now, in the midst of a recession, some sure things seem less so, although Kennecott Land president Don Whyte remains optimistic about bringing downhill skiing to the Oquirrhs.

  • MURRAY -- This August the newest of Hamlet Homes’ townhome designs, a live/work home, will open for sale – the SoDa Row Townhomes – named for the mixed-use commercial center of Daybreak, the SoDa Row Village Center (South Daybreak). The initial offering will include only 38 live/work homes with prices starting in the low $200’s.

  • SOUTH JORDAN (Deseret News) — When Don Whyte steps onto the front porch of his two-story Daybreak colonial, he's greeted by a pick-your-superlative panorama of the Salt Lake Valley and Wasatch Mountains' majesty.

    But if Whyte's wow-inspiring vantage is to live for, it's been planned for, too, starting with Brigham Young going on the grid by intersecting 100 South with 200 East to become the patron Latter-day Saint of urban planning.

  • (The Park Record) Park City's construction industry finished July having posted $52.4 million in work since January, keeping the industry at a pace of less than half of the figures recorded through the same period in 2008, the city's Building Department reports.

    the end of July 2008, the figure sat at $120.7 million.

  • LAYTON (Deseret News) — Some property owners in Layton are crying foul over Utah Department of Transportation plans to widen Main Street and eliminate most of the parking in front of their businesses.

    City leaders say they see the benefits to an improved freeway interchange on the south end of Layton. Currently, the only way onto the freeway in that area is by heading south, and the only offramp is for northbound traffic.

  • SANDY (Deseret News) — The Utah Transit Authority is promoting a mixed-use housing development near 10000 South that could double or even triple the current allowed density.

    And with the development, UTA is expanding its role from bus- and train-service provider to developer.

    The 35 acres at what is now the south end of the TRAX line is owned by UTA, and potential plans include two hotels and two restaurants, in addition to multi-family housing, according to a Tuesday presentation to the City Council.

  • Goshen (Salt Lake Tribune) » It's all greasewood and jackrabbits out here on Utah County's "back 40," a lonely and lovely retreat for the old-fangled cowboy.

    That's today. Folks around here know it can't last, and now there's color-coded evidence: a map that heralds the coming wave of suburban buckaroos in split-level ranches.

    Utah Lake's great beyond is about to land on a transportation plan that rolls out freeways and bridges for an expected desert land rush by 500,000 or more people over the next half-century.

  • Holladay » As dreams of a quaint Village Center start to take shape in this leafy east-side suburb, planners here hope to extend the vision to the city's other commercial clusters.

    Original Article

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