Walker & Dunlop, Affinius Capital, Clarion Partners Broker $157.5 Million to Refinance Mixed-Use Development in Salt Lake City

by Channing Hamilton November 28, 2023

SALT LAKE CITY — Walker & Dunlop, Affinius Capital and Clarion Partners have arranged $157.5 million in loan proceeds to refinance Post District, a mixed-use complex in downtown Salt Lake City. Post District consists of 580 residential units across four buildings, as well as approximately 26,000 square feet of retail space. The complex is part of a three-phase project. The Walker & Dunlop New York Capital Markets team — led by Sean Reimer, Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland and William Herring — co-originated the loan with Affinius Capital and Clarion Partners. …

November 28, 2023

Development Leasing & Marketing News Utah Western

Crescent Communities Opens NOVEL Daybreak in Salt Lake City Suburb

by Channing Hamilton October 26, 2023

SOUTH JORDAN, UTAH — Crescent Communities has opened NOVEL Daybreak, a 400-unit community in the Salt Lake City suburb of South Jordan. MAA provided construction financing for the project’s development, while Kier Construction acted as the general contractor. Craine Architecture and CID Design Group designed the complex. NOVEL Daybreak is located 10678 S. Lake Run Road in South Jordan’s Daybreak community. The property features a mix of studio, one- and two-bedroom apartments with quartz countertops, stainless steel sinks and kitchen islands with pendant lighting. Amenities include a coffee lounge, fitness …

October 26, 2023

Development News Utah Western

Crandall Capital to Break Ground on 320,000 SF Studio Crossing in Park City, Utah

by Channing Hamilton October 18, 2023

PARK CITY, UTAH — Crandall Capital will break ground on Studio Crossing, a 320,000-square-foot mixed-use development in Park City, in late October. Studio Crossing will offer 208 affordable housing units in studio, one-, two- and three-bedroom floor plans, as well as approximately 100 townhomes and condominiums. The community will also include retail and dining space, a public transit station, electric car ports and an e-bike share. The project will be built with low-emitting construction materials and water-wise planting. The first phase of development is slated for completion in 2025. The development …

October 18, 2023

Colorado Leasing & Marketing News Operations Utah Western

Asset Living Takes Over Management of Two Communities in Colorado and Utah

by Channing Hamilton August 1, 2023

DENVER AND WEST JORDAN, UTAH — Asset Living has been awarded management of two communities: Regatta at Sloan’s Lake and Momentum. Regatta at Sloan’s Lake is located in Denver and offers 369 units in studio, one- and two-bedroom layouts. Units feature stainless steel appliances, wood-style floors and walk-in closets. Amenities include a dog park with a pet wash station, clubhouse with a game room and a pool. Momentum is a high-rise development in West Jordan. The community was built in 2023. Units come in studio, one- and two-bedroom floor plans. …

August 1, 2023

Investment Sales News Utah Western

Peak Capital Partners Acquires 96-Unit Park Station Near Salt Lake City

by Channing Hamilton June 28, 2023

MIDVALE, UTAH — Peak Capital Partners has purchased Park Station from Benedict Canyon Equities for an undisclosed price. Brock Zylstra and Danny Shin of Institutional Property Advisors represented the seller and procured the buyer. Park Station is a 96-unit community in Midvale, 12 miles south of Downtown Salt Lake City. The property was constructed in 1974 and offers one- and two-bedroom floor plans. Amenities include a children’s playground, laundry facilities, and covered parking.

June 28, 2023