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The Greater Salt Lake Area Multifamily Market
THE GREATER SALT LAKE AREA MULTIFAMILY MARKET THE MOST COMPREHENSIVE MULTIFAMILY REPORT | 2019 REVIEW + 2020 OUTLOOK PREFACE TABLE OF CBRE is pleased to release the 2020 Greater Salt Lake Area Multifamily Market Report, the most current and comprehensive CONTENTS multifamily data available for the Salt Lake Area/Wasatch Front market. Produced by Eli Mills and Patrick Bodnar of CBRE, this report has been assembled to empower the decision making of multifamily professionals active in the Utah market. This report has been prepared with current data sourced from a survey of over half the multifamily market (60,000+ units) along the Wasatch Front Area inclusive of Salt Lake, Utah, Davis and Weber Counties. Minimum reporting requirements were identified for each city and county by class, type and size. Data contributions and validations to this publication were made by: • CBRE Research • Utah Department of Economics • CBRE Econometric Advisors • University of Utah Bureau of Economics and Business Research • Yardi Matrix • Construction Monitor • Axiometrics • CoStar • Western States Multifamily Whatever your multifamily needs may be, please reach out to us. CBRE has the most comprehensive data on the market and can provide information on a macro or micro level based on class, city, submarket, zip code, location, age, size, proximity to rail stops, and many other variations. CBRE consistently leads the market, with national multifamily investment sales totaling over $33.3 billion in 2019 (Source: Real Capital Analytics). As the leader in multifamily sales every year since 2001, the exposure of CBRE is second-to-none. With 65 locations and over 300 multifamily professionals, including direct lending services, CBRE’s unparalleled multifamily platform has a competitive presence in Utah and an enhanced investment reach into the multifamily space, providing our clients with the greatest market exposure available. -
UTOPIA Still Alive in Centerville Graduation by JENNIFFER WARDELL Services on a Residential Basis
Celebrating 125 years as Davis County’s news source Immigrants, refugees graduate The from ESL program Davis Clipper ON A6 75 cents VOL. 125 NO. 44 THURSDAY, JUNE 8, 2017 UTOPIA still alive in Centerville Graduation BY JENNIFFER WARDELL services on a residential basis. The increase fast enough to keep the city’s financial section [email protected] in that number has been higher the past year commitments to UTOPIA from increasing. than it has been in any years previous, and The city first agreed to the commitments Find the names of between residential and business customers back in the early 2000s, when they joined in graduates from all there are now 1,563 UTOPIA customers in the on the plan to bring high-speed Internet to CENTERVILLE—Despite the city. smaller cities, and an increase in 2008. Those district schools in city council saying “no” to in- “High speed Internet seems to be in higher commitments have increased 2 percent every Davis County. demand than it was four or five years ago,” year since, and in the upcoming fiscal year will creased fees from UTOPIA in said Cutler, who is also a member of the be $472,212. 2014, the fiber-optic network still UIA board of cities associated with UTOPIA. “Could that money be used for other things? GRADUATION, E1 “UTOPIA financial situation is continuing to Sure,” said Centerville City Manager Steve has a presence in Centerville. slowly improve. We’d like it to improve rapidly, Thacker. “But we plan ahead.” According to Centerville Mayor Paul Cutler, but we’ll take slower improvements.” one-third of residents are now taking UTOPIA That improvement, however, isn’t coming n See “UTOPIA” p. -
AGENDA April 7, 2017
AGENDA REGULAR MEETING OF THE UTAH STATE UNIVERSITY BOARD OF TRUSTEES Utah State University Champ Hall Conference Room, OM 136 Held via Conference Call April 7, 2017 1:15 p.m. Regular Meeting Champ Hall Conference Room 1:16 p.m. Closed Session Champ Hall Conference Room 2:00 p.m. Regular Meeting Champ Hall Conference Room • Introductory Items • Chair’s Report • Consent Agenda • Action Agenda CHAIR’S REPORT A. Information Items 1. Date of the next Board of Trustees Meeting, May 5, 2017 2. Presidential Concert and Inaugural Address, Thursday, May 4, 2017, 7:30 p.m. Ellen Eccles Theatre, 43 South Main Street, Logan 3. Commencement Schedule – May 5 and 6, 2017 Friday, May 5, 2017 Graduate Commencement and Hooding Ceremony 12:30 p.m., assembly of candidates, Nelson Field House 1:00 p.m., academic procession to Dee Glen Smith Spectrum 1:30 p.m., ceremony begins Dignitaries Dinner 6:00 p.m., David B. Haight Alumni House Saturday, May 6, 2017 Dignitaries Breakfast 7:45-8:30 a.m., Walnut Room, Taggart Student Center Academic Procession 9:00 a.m., Taggart Student Center to Dee Glen Smith Spectrum Undergraduate Commencement Ceremony 9:30 a.m., Dee Glen Smith Spectrum College Convocations 12:00 noon Jon M. Huntsman School of Business, Dee Glen Smith Spectrum S.J. & Jessie E. Quinney College of Natural Resources, Morgan Theatre, Chase Fine Arts Center College of Science, Evan N. Stevenson Ballroom, Taggart Student Center 12:30 p.m. College of Agriculture and Applied Sciences, Wayne Estes Center 2:00 p.m. -
AGENDA REGULAR MEETING of the UTAH STATE UNIVERSITY BOARD of TRUSTEES Utah State University – University Inn, Alma Sonne Board Room May 5, 2017
AGENDA REGULAR MEETING OF THE UTAH STATE UNIVERSITY BOARD OF TRUSTEES Utah State University – University Inn, Alma Sonne Board Room May 5, 2017 7:15 a.m. – 9:00 a.m. Breakfast Buffet UI room 507 7:30 a.m. Audit Committee Meeting UI room 510 9:00 a.m. Regular Meeting UI room 508 Closed Session UI room 508 10:00 a.m. Regular Meeting UI room 508 • Introductory Items • Chair’s Report • President’s Report • Consent Agenda • Action Agenda • Committee Meeting Items 11:30 a.m. Lunch UI room 507 12:45 p.m. Academic Procession Assembly Nelson Field House 1:30 p.m. Graduate Commencement and Hooding Dee Glen Smith Spectrum 6:00 p.m. Dignitaries’ Dinner David B. Haight Alumni House CHAIR’S REPORT A. Information Items 1. Letter of Commendation and Appreciation to Ashley Waddoups 2. Oath of Office for Michael Scott Peters 3. Alumni Association Report 4. Audit Committee Report 5. USUSA Report 6. Annual Faculty Achievements and Activities by college/unit: http://www.usu.edu/trustees/agenda/2017/ 7. Department of Public Safety Annual Report http://www.usu.edu/trustees/agenda/2017/ 8. Commencement 2017 schedule; refer to your commencement folders 9. Date of the next Board of Trustees Meeting, June 23, 2017 to be held via conference call PRESIDENT’S REPORT I. PRESIDENT’S REPORT A. Information Items 1. Student Resolution of Commendation to Ismail Alsomali. B. Recent Events 1. Mountain West Basketball Tournament for Men and Women, Las Vegas, Nevada, March 6-11, 2017 2. Mountain West Board Meeting, Las Vegas, Nevada, March 8, 2017 3. -
AGENDA March 4, 2016
AGENDA REGULAR MEETING OF THE UTAH STATE UNIVERSITY BOARD OF TRUSTEES Utah State University – University Inn, Alma Sonne Board Room March 4, 2016 1:00 p.m. Regular Meeting UI 508 1:05 p.m. Executive Session UI 508 2:00 p.m. Regular Meeting UI 508 Introductory Items Chair’s Report President’s Report Consent Agenda Action Agenda 3:30 p.m. 2015-2016 Trustee Group Photo UI 3:45 p.m. Marketing/Public Relations Committee Meeting 510 3:45 p.m. Regional Campus System Committee Meeting 511 6:00 p.m. Founders Day – Taggart Student Center Taggart Student Center CHAIR’S REPORT A. Information Items 1. USUSA Report 2. Alumni Association Report 3. Audit Committee Report 4. Founders Day 5. Ribbon cutting for Huntsman Hall, March 16, 2016 6. Commencement 2016 schedule 7. Date of the next Board of Trustees Meeting, April 8, 2016 to be held via conference call PRESIDENT’S REPORT I. PRESIDENT’S REPORT A. Information Items 1. Student Resolution of Commendation to Calee Lott 2. Legislative Report 3. Enrollment Update B. Recent Events 1. Basketball – USU at New Mexico – January 9, 2016 2. K-16 Alliance – January 11, 2016 3. USU-Tooele Luncheon and Ribbon Cutting – January 12, 2016 4. Basketball – Air Force at USU – January 12, 2016 5. NCAA Board of Directors and Board of Governors Meetings, San Antonio, Texas – January 13-14, 2016 6. Basketball – USU at Colorado State – January 16, 2016 7. Legislative Preview with Legislators, USU Botanical Center, Layton – January 20, 2016 8. Board of Regents, University of Utah, Salt Lake City – January 22, 2016 9. -
April 6, 2017
Celebrating 125 years as Davis County’s news source SheTech event prepares students The for the future Davis Clipper ON A4 VOL. 125 NO. 36 THURSDAY, APRIL 6, 2017 THE BOUNTIFUL CITY COUNCIL recently approved a six-month moratorium on new development in the community’s historic district. The moratorium is in response to resident concerns that the historic character of the neighborhoods be preserved if new businesses or multi-family housing projects are proposed for Thrive the area. Photos by Tom Haraldsen | Davis Clipper Explore more about vision with the latest word on cataracts, Moratorium for Bountiful historic area stem therapy for eye disease, and more. By TOM HARALDSEN “It’s a three-prong approach,” height, setbacks, parking and [email protected] he said. “We’ll first talk to those in other standards. THRIVE, B1 the neighborhoods and find out There have also been calls for their concerns. Then we’ll take preserving existing homes and BOUNTIFUL—After hearing concerns voiced by that information to the planning possibly changing the zoning commission, who can make in the area from multi-family some residents and business owners in a section of recommendations. Once we have residential to single-family. the community near historic downtown, Bountiful’s something ready to present to Councilmember Kendalyn the council, we’ll bring a proposal Harris stated the six-month time City Council approved adoption of a six-month mora- back before you for adoption. The frame could be punitive for anyone torium on new development in that area. key thing is making sure that we hoping to start new developments can maintain the identity of this this year, as it would push the The section in question is between 400 North and area and that development going approval date of any proposed 500 South, from 400 East to 200 West. -
Meadow View Phase 2, Farmington, Utah
Meadow View Phase 2, Farmington, Utah Built for the Way You Want to Live! www.MeadowViewUtah.com Great Farmington Location Meadow View Phase 2 is conveniently located in Farmington within 1 mile of the new Station Park shopping district and the Farmington UTA Frontrunner station. Leave your car at home and enjoy a comfortable trip into downtown Salt Lake City for work or play. Enjoy the open air living of Meadow View with panoramic views on large basement lots with the amenities of Station Park—shopping, restaurants, parks and schools all less than two miles away. For more information, or a personal tour contact: Sarah Mayer 801.218.2885 [email protected] Model Home coming soon! Get news and updates Watch video tours on Facebook on YouTube Information is subject to change without notice. © ClearWater Homes. All rights reserved. Front Porch Lighting Front Porch Get More For Your Dollar Panoramic 2-Tone Paint Window Walls Expansive Low-E Energy Efficient Windows 6 Inch Wooden Base Boards Window Sills Pendant Lighting * Energy Efficient Lighting 6 Inch Trim Shaker Panel Beech Cabinets 8 Foot Doors On Main Floor 42” Upper Cabinets Moen Fixtures With Crown Molding Transom Window * Stainless Steel Sink Kwikset Satin Nickel Hardware Luxury Laminate Wood Floors 3cm Granite Countertops Stainless Steel Appliances Trash Pull Out “*” Optional Upgrade Items 42” Shower with Cultured Marble Surround Oversized Kohler Soaker Bathtub Generous 5-Piece Master Baths 3cm Granite Counters Moen Fixtures Tile Floors Shaker Panel Beech Cabinets Built to Conserve Energy An energy efficient home is a more comfortable home. Insulation is a critical component to an energy efficient home and Clearwater Homes implements several techniques into our building process to ensure maximum insulation. -
School Buses May Soon Sport Ads
Teens held for scare THE that shut down schools, page 4 Davis Local director returns Clipper to the past in new movie, page 9 75 CENTS VOL. 120 NO. 136 Chamber backs UDOT choice for West Davis CorridorINSIDE route, page 7 THURSDAY, MAY 30, 2013 TODAY’S CLIPPER HELPING DAVIS RESIDENTS Live Well SCHOOL BUSES may be a source of income for the Davis School District under a plan presented to the school board. Photo by Louise R. Shaw | Davis Clipper School buses may soon sport ads BY LOUISE R. SHAW FIRSTYEAROFIMPLEMENTATIONAND #LIPPER3TAFF7RITER BYTHEFOURTHYEAR AC CORDINGTO"RIAN,ARSEN DIRECTOR FARMINGTONu3CHOOL OFTRANSPORTATIONFORTHEDISTRICT BUSESIN$AVIS3CHOOL$ISTRICTMAY )N THE5TAH,EGISLATURE Home of the Braves BESPORTINGADVERTISEMENTSNEXT PASSED(" ALLOWINGADVERTIS Bountiful High’s soccer team take the 4A YEAR AFTERAPROPOSALMADETOTHE INGONSCHOOLBUSESTHROUGHOUTTHE state title with a 2-0 shutout. See page 21 SCHOOLBOARDINAWORKSHOPON STATE for the complete story. -AY 4HEDISTRICTESTABLISHEDGUIDE Photo by Jen Barnett | photo-jen-ics.com !DVERTISINGCOULDBRINGTHE DISTRICTASMUCHAS INITS ■ See “BUSES” p. 6 Bountiful buys 7.5 acres for park near high school BY REBECCA PALMER SAID#OUNCILMEMBER*OHN-ARC+NIGHT ACCORDINGTOREPORTSFROMCITYSTAFFERS 4HEPARKNEARESTTHEPLANNEDPARKIS7EST #LIPPER%DITOR q9OUDONpTJUSTGETTHEOPPORTUNITYTOPUR 4HEFUTUREPARKISLOCATEDON-ILL3TREET -UELLER0ARKAT3OUTHANDABOUT CHASETHISQUALITYOFLANDINTHEMIDDLEOF ATABOUT%AST)TWILLCOMEATACOSTOF %AST BOUNTIFULu4HE"OUNTIFUL#ITY "OUNTIFULr MILLION WHICHWILLCOMEFROMTHE#APITAL q"OUNTIFULDOESNpTHAVEMUCHUNDEVEL -
Utah's 2011-2040 Unified Transportation Plan
2011 - 2040 udot.utah.gov 131949.indd 1 7/31/13 2:23 PM UTah’S UNifieD PLaN ParTNerS CaChe MPO 179 North Main, Suite 305 Logan, UT 84321 (435) 716-7154 www.cachempo.org Dixie MPO 1070 West 1600 South, Bldg. B St. George, UT 84770 (435) 673-3548 www.dixiempo.org MOUNTaiNLaND aSSOCiaTiON Of GOverNMeNTS 586 east 800 North Orem, UT 84097 (801) 229-3800 www.mountainland.org UTah DeParTMeNT Of TraNSPOrTaTiON Systems Planning and Programming 4501 South 2700 West – Box 143600 Salt Lake City, UT 84114 (801) 965-4129 www.udot.utah.gov UTah TraNSiT aUThOriTy 669 West 200 South Salt Lake City, UT 84101 (801) 262-5626 www.rideuta.com WaSaTCh frONT reGiONaL COUNCiL 295 North Jimmy Doolittle road Salt Lake City, UT 84116 (801) 363-4250 www.wfrc.org 131949.indd 2 7/31/13 2:23 PM TaBLe Of CONTeNTS introduction 2 - Letter from the Chairs of the Utah Transportation Commission and Utah’s Metropolitan Planning Organizations (MPOs) - Letter from the Directors of the Utah Department of Transportation (UDOT) and Utah’s MPOs - Purpose of Unified Transportation Planning UDOT’s Long range Plan 8 Utah MPO Long range Plans 12 - Wasatch Choices 2040 (Weber, Davis, Salt Lake and Utah Counties) - envision Cache valley (Cache County) - vision Dixie (Washington County) Utah’s Population Growth Challenge 16 Utah’s Project Planning & funding Process 20 - Project Development Process - Utah’s Transportation Needs and Preferences - financial Plan and assumptions - Continuous, Cooperative and Comprehensive Planning highway Projects by region 34 regionally important Transportation Projects 34 Utah highway Projects Map 35 highway Projects Phase One (2011-2020) 36- 41 highway Projects Phase Two (2021-2030) 42-46 highway Projects Phase Three (2031-2040) 47-50 highway Projects Unfunded 51 -52 Cache valley highway Projects Map 53 Wasatch front Ogden/Layton area highway Projects Map 54 Wasatch front Salt Lake valley highway Projects Map 55 Utah valley area highway Projects Map 56 Dixie area highway Projects Map 57 Transit Projects by region 58 Transit Projects Phase One (2011-2020) 59. -
Utah Solar Home Tours Begin This Weekend in Davis County Memorial Day Events Bulk Purchase Makes Solar
L OCAL N EWS • P EOPLE • B USINESS • S CHOOLS • S PORTS • E VENTS See Inside DavisThe Clipper 75 cents THURSDAY, MAY 28, 2015 ADVERTISMENT Utah Solar Home Tours begin this weekend in Davis County Memorial Day events Bulk purchase makes solar BECKY GINOS LOUISE R. SHAW, A1 affordable for homeowners Last year, over 24 million solar panels were installed in the United States. Still, many Race unites homeowners are still wondering if solar really works, if it makes families fi nancial sense, and how those who’ve put solar panels to work Annual 5K offers in their homes and businesses support for grieving feel about it. Now, Davis County residents families, friends. can fi nd out from their neigh- LOUISE R. SHAW, C1 bors and peers. The Utah Solar Home Tour, featuring locations about Davis, Weber and Cache Counties, runs this Friday and “We can match any home and Saturday. Friday hours are 4 to 8 any budget to make solar work for Tour of p.m., with Saturday tour hours 10 everyone,” Shipley said. a.m. to 4 p.m. The tour is hosted There is a deadline, as bulk by the Intermountain Community purchasing ends on June 30. Utah coming Shipley said solar is an investment The federal incentives for solar is hosting a solar workshop to Solar Initiative. power conversion are currently 30 provide answers to basic ques- “This is a great opportunity for “better than any stock or mutual Cycling event stage fund you could put your money percent, and there are state incen- tions and educate attendees about people to go and see real homes tives as well. -
Little Wins Second Our Guilty Pleasure Wpt Title
NCAA : COLLEGE FOOTBALL’S BEST RIVALRIES ROUNDERLIFE.com PETER EASTGATE NORTH WINS $9.15 MILLION MISSISSIPPI BECOMES YOUNGEST ALLSTARS WSOP CHAMP EVER ”BLUES ROCK AND MODERN ELECTRICITY” TIFFANY MICHELLE LIFE AFTER FASHION THE WSOP GYPSY COUTURE ROCK N’ BLUES JONATHAN LITTLE WINS SECOND OUR GUILTY PLEASURE WPT TITLE DECEMBER 2008 $4.95US INSIDE: POKER + ENTERTAINMENT + FOOD + MUSIC + SPOR T S + G I R L S LETTER FROM THE EDITOR PUBLISHER Rounderlife Enterprises, LLC EDITOR-IN-CHIEF Evert Caldwell MANAGING EDITOR Johnny Kampis he results are in, and it’s quite clear that the decision by Harrahs to delay the CONTRIBUTING EDITOR fi nal table of the WSOP Main Event was a great move. ESPN ratings were up 50%, Dave Lukow with the main event receiving a 1.9 Nielsen which translates to 1.9 million homes and T ART & DESIGN 2.4 million viewers on average tuning in, compared to a 1.3 rating and 1.6 million viewers in KaleidosCreative.com 2007. Not only were the numbers up, but the excitement level and interest surrounding the Nathan Hess fi nal table were as well. e delay was met with some skepticism, which is understandable, but actually benefi cial to the decision makers. Any time rules or scheduling are altered in a RESEARCH & CONTENT sport, opinions , whether positive or negative, are a healthy part of the process. We can rest Roberta Caldwell assured that WSOP commissioner Jeff rey Pollack, along with his staff , ESPN and the Poker PHOTOGRAPHY Players Advisory Council will review this years format and make the necessary changes for Jack Criswell, Marty McBride improvement in next years event. -
Comments from Draft 2015-2040 Scenario – Summer 2013
6/11/2014 Comments from Draft 2015-2040 Scenario – Summer 2013 Comment WFRC Process Category Key: Key - (1)Highway Comment Comment Meeting Name of Commenter Comment Comment Date (2)Transit Was: WFRC Response Number Location (3)Bike (7)Accepted (4)Land Use (8)Not (5)Other Accepted Weber UDOT Region I Planning How do we rectify existing and currently WFRC takes the existing zoning and tries to fit it into the various 1 County Office planned zoning with what we think it will be 5/3/2013 4 7 scenarios. Open House Weber UDOT West Davis Is there any measure of delay for transit WFRC looks for what people can access within 20 minutes using 2 County Highway EIS Team users? How much time is spent waiting on 5/3/2013 2 7 transit. Open House connections? Weber Davis County Planning What are the average minutes of delay per The minutes of delay per person are about the same in each ‘Vision’ 3 County person in the scenarios? That would be a 5/3/2013 5 7 scenario and less so in the current trend scenario. Open House better measure of performance. Weber UTA Planning Office Why did the most dense land use in Scenario Seventy percent of the land use is already set with existing 4 County T only save 4 million miles per day of VMT 5/3/2013 4 7 development. Open House compared to baseline? Weber UDOT West Davis What is the shift in mode share between The mode split for transit rises from 4% to 6%.