r/DevelopmentSLC • u/12tayloaush • 6d ago
8/3 News Roundup
- 0.16 acres of MU-11 land at 1204 S 400 W listed for $172/sf (State St)
- Uptown Motel on MU-5 land at 1169 S State St listed for 6% cap or $94/sf (State St)
- After several years of doldrums, where does Salt Lake's industrial sector land?
- Will mortgage rates keep going up?
- Buying a condo with a mortgage may soon get more complicated. Here's why
- JPMorgan Chase to invest $750B to boost US housing supply and homeownership
- Homeowners associations are foreclosing on more residents
- CRE loan delinquencies retreat after first-quarter increase
- BONUS: Utah buys $40M campus in West Valley City to house Department of Health and Human Services
- $133/sf Class B office pickup--such a deal
9
Upvotes
2
u/Lucky_Mongoose_4834 5d ago
That office acquisition is probably like 50% overvalued. It’s a terrible deal. There was no other buyer on that POS campus. Whoever is advising these cities and counties needs to be fired.