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Purpose for Appraisals in Utah County Shifted in 2009

By Kelly Lux

Real Estate News Utah Editor

OREM -- The number of commercial properties appraised in Utah by Free and Associates during 2009 was slightly less than those appraised in 2008, according to Stan Craft, vice president of Free and Associates.

2009 Commercial Real Estate Report for Salt Lake County

 SLCO Retail Market Year End 2009

2009 in Utah Real Estate

Utah spent 2009 trying to recover from the blows of the economic recession. Economists and political leaders were hopeful that the housing crisis had bottomed out. Although the real estate industry was slow compared to earlier in the decade, Utah still had its share of growth and development. But Utah also didn’t walk away from 2009 without encountering few crises. Following is Real Estate News Utah's list of important real estate happenings that occurred in Utah during 2009.

Harmons Grocery Announces Two New Stores

FARMINGTON – Harmons Grocery Stores and CenterCal Properties have executed an agreement to build a new 68,015-square-foot Harmons flagship store to anchor the 1,000,000-square-foot Station Park project in Farmington, located at the intersection of Interstate 15, Highway 89, Legacy Parkway and the Frontrunner Commuter Rail.
 
Locally-owned and operated Harmons Grocery Stores anticipates breaking ground on two new stores in Utah in 2010, including the Farmington location.

Utah's Economy: On the Mend?

 

At EDCU, Recruiting at an All-Time High

By Kelly Lux
Real Estate News Utah Editor

By helping to absorb more than 4 million square feet of real estate in the last year, the Economic Development Corporation of Utah is working to keep the state relevant and growing during the changing economic conditions.

"We have been discovered. We have been found out," said Jeff Edwards, president and CEO of the EDCU, at the December Association for Corporate Growth Utah Breakfast Meeting. "This is a great place to do business."

ModifyUtah Explains the Need for Home Loan Modification Services

ModifyUtah is a new company that specializes in Utah home loan modification. Based in American Fork and licensed with the Utah Department of Real Estate, the company provides a professional team of lawyers, negotiators, processors and brokers who perform mortgage loan modification for homeowners, with a money-back guarantee. 

Utah Realtors Organizing Local NAHREP Chapter

By Kelly Lux
Real Estate News Utah Editor

Realtors in Utah are organizing the first Utah chapter of the National Association of Hispanic Real Estate Professionals with hopes that now is the right time and support will be sufficient to sustain the group.

“Right now we have a momentum going,” said Keller Williams Realtor Marcela Montemurro, who is working with Paola Franco, also a Keller Williams Realtor, to organize a Utah Chapter of NAHREP.

Utah Apartment News: Window of Opportunity

By James Wadsworth and Greg Barratt

Hendricks & Partners

Salt Lake County: Street rents have nosedived by 8.5 percent  in the last year as owners attempt to keep occupancies up. The good news is that job losses are beginning to taper off, and vacancy is not getting any higher. Concessions are down as owners choose to lower rents instead of giving away free rent.

Woodbury VP Elected President of International Real Estate Organization

Grandfather was President 50 Years Ago

 
By Kelly Lux
Real Estate News Utah Editor
 
In his youth, O.
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