Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, announces the addition of two new summer interns for 2024. This move signifies MWCRE’s unwavering commitment to nurturing the next generation of commercial real estate professionals, ensuring the industry’s future is bright and innovative. In an era where the real estate market is rapidly evolving, MWCRE recognizes the importance of investing in …

The International Council of Shopping Centers (ICSC) 2024 event in Las Vegas once again proved to be a premier gathering of dealmakers and industry experts, bringing together thousands of professionals driving commercial real estate’s innovation and evolution. This two- to three-day event in May was a hub of activity, featuring insightful discussions, networking opportunities, and a palpable sense of optimism within the retail sector. …

The National Restaurant Association's annual State of the Industry report predicts that U.S. restaurant sales will likely surpass $1.1 trillion in 2024, marking the first time it will reach a 13-digit figure. This growth, exceeding 10% from the previous year's forecast, is despite challenges such as high food and labor costs, staffing issues, and consumer budget constraints. While operators are cautiously optimistic about sales ...

Moab’s Short-Term Rental Profits Skyrocketed Over 130% During Pandemic By SOPHIA FISHER | The Times-Independent There are numbers to back up the hunch: Moab’s short-term rentals were a cash cow during the coronavirus pandemic. According to data collected by the Kem C. Gardner Policy Institute, annual profits for short-term rentals in Grand County spiked 137% from 2019 to 2022, increasing from $25,000 to over ...

In the ever-evolving landscape of commercial real estate (CRE), 2023 witnessed a 21% decline in sales compared to the robust period of 2014-2019. However, as we step into 2024, there are three significant factors that could spark a revival in CRE activity. “The market has been in a standstill for most of 2023 as investors wait to see the dust settle after the many ...

MWCRE’s Wes Christensen attended The Lodging Conference in Phoenix and says most owners are more worried about debt maturities, cost of capital and how those factors impact transactions. Hotels are still performing well, and rate growth continues to increase but the cost of capital for buyers in transactions has not been this expensive in quite some time. That, coupled with a wave of loan ...

Wells Fargo's recent report delves into the burgeoning buy now, pay later (BNPL) market, shedding light on its rapid growth despite still being dwarfed by the credit card market. Despite the inherent opacity of the BNPL sector, the Consumer Financial Protection Bureau (CFPB) took proactive steps by issuing orders in December 2021 to the five largest BNPL providers, compelling them to submit customer data ...

In recent times, Utah's commercial real estate market has been sending some concerning signals. The once-thriving sector is now experiencing a significant decline in lending activity, with the latest data revealing historically low levels of commercial real estate lending. This development is raising concerns within the industry and has far-reaching implications for the local real estate market. In the second quarter of 2023, the ...

Affordable Housing Projects: A Beacon of Hope Utah is amid a housing affordability crisis. Recent reports from the Kem C. Gardner Policy Institute shed light on the severity of this issue, with Utah's housing market becoming increasingly unaffordable. The gap between housing demand and supply has widened over the past two years, exacerbating the problem. EngineHouse: A Promising Solution Ground recently broke on EngineHouse, ...