Mountain West Commercial Real Estate
Commercial Real Estate Trends & Insights
Top News
Centerville Marketplace Sold, Highlighting Trophy Asset in Davis County
Salt Lake City, UT — Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage is proud to announce the disposition of Centerville Marketplace, a 130,515-square-foot property consisting of two, class “A” office buildings. This standout asset in Davis County is anchored by Management and Training Corporation and offers unique amenities, including one of the area’s only covered parking facilities. MWCRE’s Chris …
Fast Stop Acquires Three Prime Gas Stations in Northern Utah
Salt Lake City, Ut– Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, is pleased to announce Fast Stop Travel Center’s successful takeover of three prime properties in Northern Utah from Trigon. The properties are located in Ogden, Willard, and Pleasant View. MWCRE agent Matthew Porter represented both the Buyer and Seller in the transactions. “These deals highlight the growing demand for quality …
MWCRE Agents Andy Moffitt, Garrett Blomquist, and Scott Brady Lead Retail Leasing for The Point Development
Salt Lake City, UT — Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, is proud to announce its involvement in The Point Development. MWCRE Agents Andy Moffitt, Garrett Blomquist, and Scott Brady, in coordination with Matthew Heisley and Hunter Brous of Lincoln Property Company headquartered in Dallas, Texas will oversee retail leasing for The Point, a mixed-use development in Utah. …
Peter Black Joins Mountain West Commercial Real Estate Bolstering Office Sector Growth
Salt Lake City, UT –Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, is excited to announce the addition of Peter Black to the team. The move further solidifies MWCRE’s dominance in the market and continued growth in the Office sector. With over 15 years of unmatched experience in the Office, Industrial, and Land markets, Peter is a powerhouse addition to …
MWCRE Facilitates Major Expansion for Filevine in Sugarhouse
Salt Lake City, UT — Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage proudly announces its role in the significant expansion of Filevine, a leading legal tech company. Filevine was represented by agent Troy Hardy, who assisted Filevine in leasing a 40,000-square-foot office at 60 Park in the Sugarhouse neighborhood of Salt Lake City. Filevine occupies the entire sixth floor ...
Mountain West Commercial Real Estate to Lead Office Space Leasing at Clearfield Station Development
Mountain West Commercial Real Estate to Lead Office Space Leasing at Clearfield Station Development Clearfield, UT - Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, is proud to announce its representation of the developers in leasing office space for Clearfield Station, a transit-oriented development. This innovative project, located at 1200 South State Street, aims to maximize the potential of the ...
Mountain West Commercial Real Estate Closes Major Deal with Roderick Enterprises in St. George
St. George, UT – In a move set to redefine the local market, Mountain West Commercial Real Estate (MWCRE), a local full-service commercial real estate brokerage, has successfully closed a high-impact deal, thanks to the unrivaled expertise of agents Doug Scheel and Troy Scheel. Known as the go-to experts in the St. George market, the Scheels have secured Roderick Enterprises as the Buyer for …
Mountain West Commercial Real Estate Secures New Property Management and Leasing Assignment for Trail Crossing at Daybreak
South Jordan, UT – Mountain West Commercial Real Estate (MWCRE) is thrilled to announce a significant new management and leasing assignment: Trail Crossing at Daybreak, a premier 40,000 SF grocery-anchored center located in South Jordan. This prestigious property marks a substantial enhancement to our growing management portfolio and underscores our commitment to delivering full-service commercial real estate services. Andy Moffitt and Lance Pendleton will …
Mountain West Commercial Real Estate Releases Q2 2024 Market Report
Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, releases its Q2 2024 Market Report, providing key performance indicators and market metrics for metropolitan areas across the Intermountain West. Highlights: Even with the almost weekly announcements of retailer store closures and bankruptcies throughout 2024, available retail space is in short supply. Vacancy ranged from 1.5% (Eastern Idaho) to 5.2% (Las Vegas) ...
Retail
Top Team Joins MWCRE
SALT LAKE CITY, Utah, Oct. 5, 2022- Brendan Lee and Andrew Helm joined Mountain West Commercial Real Estate in September 2022. Helm and Lee are a team and previously worked at Marcus & Millichap before joining the MWCRE Team. Brendan Lee specializes in the sale and acquisition of multi-tenant and net-leased retail investment properties. He has spent nearly a decade devoted to refining his ...
Mountain West Commercial Brings Buyer for Red Lobster In Billings, Mt.
Salt Lake City– Mountain West Commercial Real Estate, a Salt Lake City-based brokerage announces the $6.6M investment sale of Red Lobster, the only one in a well-established retail corridor in Billings, Montana. The net leased Red Lobster property is located at 2250 King Ave W. Marcus & Millichap broker Drew Isaac represented the seller OCH-King Avenue, LLC, an entity of Denver-based O’Connell Properties. “We …
Local Restaurant Expands to Salt Lake Biotech Campus
Salt Lake City– Mountain West Commercial Real Estate announces that Provo-based restaurant Mozz Artisan Pizzeria will open its second location in Salt Lake City. Mozz Pizza leased space inside Woodbine Food Hall. The food hall is located inside Woodbine Labs, a client of Mountain West. Mountain West agent Stephanie Buranek represented Mozz Artisan Pizzeria in the transaction with Woodbine Labs. Mozz is a unique …
Mountain West Helps Stimulate Growth in Saratoga Springs, Utah
Saratoga Springs —Mountain West Commercial Real Estate announces that local investor Market Street Village LLC., has purchased 16,750 square feet of retail space on 4.36 acres at The Village at Saratoga Springs, a new shopping center in Saratoga Springs, Utah. Market Street Village purchased five parcels with plans to open a Popeye’s, Olive Garden, Apollo Burger, Dutch Bros, and Zao. The new shopping center …
Retail Market Rate Increases
Utah Resurgence of Strip Malls There are many factors contributing the resurgence of the strip center, but leading factors include very little market availability of commercial space in anchored centers throughout Utah as well as the rising cost of construction and inflation which is leading to an increased lease rate. According to Mountain West’s research department retail lease rates increased by 5.58% from Q1 …
Mountain West Commercial Real Estate helps Restaurant Chain Expand
Mountain West Commercial Real Estate helps L.O.V.E. Restaurant Group lock down its third location in Utah. L.O.V.E Restaurant Group owns fast-casual restaurant chain Slim Chickens. Utah is already home to several locations; this newest restaurant will be located at Valley Grove. The site is a 60-acre mixed-use business community located in Pleasant Grove in Utah County. The Valley Grove site will be the seventh …
The Retail Market’s Food and Beverage “Bounce Back” Felt in Utah
Bounce Back According to new data from The Federal Bureau of Labor Statistics, eating and drinking places added 123,700 employment positions in February 2022. The addition brings the national workforce within 800,000 of pre-pandemic numbers. The return to some normalcy has brought the national unemployment down to 3.8% while increasing labor force participation to 62.3%. According to an article by Restaurant Business, the figures …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
Kiln Leases 40,000 SQ FT at River’s Edge in Provo, Utah
River’s Edge, formerly known as The Mix in Provo, Utah, adds local boutique flex office space company Kiln with a 40,000 square foot co-working community set to open in the fall of 2022. Kiln Provo will provide an amenity-rich, all-inclusive workspace experience for creatives, startups, and enterprise teams, and serve as a center of gravity for Provo’s bustling entrepreneurial ecosystem. River’s Edge is a …
Good Eats Arise Out of a Year of Turmoil
Agent Scott Brady Supports Local Business Owners with Unique Locations for New Business Endeavors Last year hit many hard, especially restaurants. Through tumultuous times, some were able to grow and expand their businesses. Those that stayed afloat or excelled during the pandemic either scrambled and updated their technology capabilities or implemented more robust “for pick-up” services. Local business owners and brothers Rick, Ryan, and …
Cream Me Ice Creamery to Open Soon in Arts District Las Vegas
February 12, 2021 Mountain West Commercial Real Estate helps small business owner Amy Ortiz open her dream vintage soda shop and ice cream parlor in the Arts District. When I saw the location, everything just fell into place,” Ortiz told What Now Las Vegas. “I thought, this is the perfect spot for my ice cream shop.” The grand opening will happen later this month, …
Mountain West Brokers Investment Deal in Salt Lake City’s 9th and 9th Trade Area
August 11, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is excited to announce the recent close on the NNN Investment of Vessel Kitchen and Spilled Milk, located in Salt Lake City’s 9th and 9th trade area, at 905 East and 900 South. The NNN investment included the new construction of 4,950 SF of retail area, 0.21 acres, and long-term ...
Retail Market Update
The commercial retail market along the Wasatch Front was great through the end of 2016. The number of leases, lease rates, sales per square foot, and investment transaction sales volume placed 2016 at the top of recent past years in almost every county. With Utah as one of the fastest growing states in the nation, it is little wonder so many companies are entering …
Top Team Joins MWCRE
SALT LAKE CITY, Utah, Oct. 5, 2022- Brendan Lee and Andrew Helm joined Mountain West Commercial Real Estate in September 2022. Helm and Lee are a team and previously worked at Marcus & Millichap before joining the MWCRE Team. Brendan Lee specializes in the sale and acquisition of multi-tenant and net-leased retail investment properties. He has spent nearly a decade devoted to refining his ...
Mountain West Commercial Brings Buyer for Red Lobster In Billings, Mt.
Salt Lake City– Mountain West Commercial Real Estate, a Salt Lake City-based brokerage announces the $6.6M investment sale of Red Lobster, the only one in a well-established retail corridor in Billings, Montana. The net leased Red Lobster property is located at 2250 King Ave W. Marcus & Millichap broker Drew Isaac represented the seller OCH-King Avenue, LLC, an entity of Denver-based O’Connell Properties. “We …
Local Restaurant Expands to Salt Lake Biotech Campus
Salt Lake City– Mountain West Commercial Real Estate announces that Provo-based restaurant Mozz Artisan Pizzeria will open its second location in Salt Lake City. Mozz Pizza leased space inside Woodbine Food Hall. The food hall is located inside Woodbine Labs, a client of Mountain West. Mountain West agent Stephanie Buranek represented Mozz Artisan Pizzeria in the transaction with Woodbine Labs. Mozz is a unique …
Mountain West Helps Stimulate Growth in Saratoga Springs, Utah
Saratoga Springs —Mountain West Commercial Real Estate announces that local investor Market Street Village LLC., has purchased 16,750 square feet of retail space on 4.36 acres at The Village at Saratoga Springs, a new shopping center in Saratoga Springs, Utah. Market Street Village purchased five parcels with plans to open a Popeye’s, Olive Garden, Apollo Burger, Dutch Bros, and Zao. The new shopping center …
Retail Market Rate Increases
Utah Resurgence of Strip Malls There are many factors contributing the resurgence of the strip center, but leading factors include very little market availability of commercial space in anchored centers throughout Utah as well as the rising cost of construction and inflation which is leading to an increased lease rate. According to Mountain West’s research department retail lease rates increased by 5.58% from Q1 …
Mountain West Commercial Real Estate helps Restaurant Chain Expand
Mountain West Commercial Real Estate helps L.O.V.E. Restaurant Group lock down its third location in Utah. L.O.V.E Restaurant Group owns fast-casual restaurant chain Slim Chickens. Utah is already home to several locations; this newest restaurant will be located at Valley Grove. The site is a 60-acre mixed-use business community located in Pleasant Grove in Utah County. The Valley Grove site will be the seventh …
The Retail Market’s Food and Beverage “Bounce Back” Felt in Utah
Bounce Back According to new data from The Federal Bureau of Labor Statistics, eating and drinking places added 123,700 employment positions in February 2022. The addition brings the national workforce within 800,000 of pre-pandemic numbers. The return to some normalcy has brought the national unemployment down to 3.8% while increasing labor force participation to 62.3%. According to an article by Restaurant Business, the figures …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
Kiln Leases 40,000 SQ FT at River’s Edge in Provo, Utah
River’s Edge, formerly known as The Mix in Provo, Utah, adds local boutique flex office space company Kiln with a 40,000 square foot co-working community set to open in the fall of 2022. Kiln Provo will provide an amenity-rich, all-inclusive workspace experience for creatives, startups, and enterprise teams, and serve as a center of gravity for Provo’s bustling entrepreneurial ecosystem. River’s Edge is a …
Good Eats Arise Out of a Year of Turmoil
Agent Scott Brady Supports Local Business Owners with Unique Locations for New Business Endeavors Last year hit many hard, especially restaurants. Through tumultuous times, some were able to grow and expand their businesses. Those that stayed afloat or excelled during the pandemic either scrambled and updated their technology capabilities or implemented more robust “for pick-up” services. Local business owners and brothers Rick, Ryan, and …
Cream Me Ice Creamery to Open Soon in Arts District Las Vegas
February 12, 2021 Mountain West Commercial Real Estate helps small business owner Amy Ortiz open her dream vintage soda shop and ice cream parlor in the Arts District. When I saw the location, everything just fell into place,” Ortiz told What Now Las Vegas. “I thought, this is the perfect spot for my ice cream shop.” The grand opening will happen later this month, …
Mountain West Brokers Investment Deal in Salt Lake City’s 9th and 9th Trade Area
August 11, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is excited to announce the recent close on the NNN Investment of Vessel Kitchen and Spilled Milk, located in Salt Lake City’s 9th and 9th trade area, at 905 East and 900 South. The NNN investment included the new construction of 4,950 SF of retail area, 0.21 acres, and long-term ...
Retail Market Update
The commercial retail market along the Wasatch Front was great through the end of 2016. The number of leases, lease rates, sales per square foot, and investment transaction sales volume placed 2016 at the top of recent past years in almost every county. With Utah as one of the fastest growing states in the nation, it is little wonder so many companies are entering …
Hospitality
Mountain West Arranges The Sale of Nine Hotel Portfolio in Wyoming
Salt Lake City—Mountain West Commercial today announced the sale of a nine-hotel portfolio located across the state of Wyoming. The 684-room portfolio consists of Hilton, IHG, Choice, and Wyndham branded hotels located in major energy and tourism hubs throughout the state. The terms of the sale were not disclosed. Michael Francis and Wes Christensen, hospitality investment specialists represented the seller, Timberline Hospitalities, LLC, …
In the News – Alex Nielsen
Hospitality broker Alex Nielsen discusses with ABC 4 News the hospitality market. How will inflation impact a hotel’s performance/ consumers in 2022? There are two primary impacts of inflation on hotels: Owners should be able to raise rates Owners will pay more for labor/supplies Hotels offer an inflationary hedge to real estate investors because of all the product types, the length of tenant stay …
How Will Inflation Impact a Hotel’s Performance & Consumers in 2022
How Will Inflation Impact a Hotel’s Performance & Consumers in 2022? Mountain West’s hospitality broker team says inflation is impacting hotels in two major ways. First, owners should be able to raise rates at the same time they will pay more for labor and supplies. Second, hotels offer an inflationary hedge to real estate investors because of all the product types, the length of …
Inflated Commercial Values
The impacts of rising interest are propelling inflated commercial values. Right now, there is fear that the Federal Government is poised to impose another interest rate which are causing stocks to sell-off. Meantime, the Bureau of Economic Analysis reported that the personal consumption expenditures price index rose 6.6% over the 12 months ending in March and up from a 6.3% annual inflation rate in …
MWCRE Participates in Utah Business’ CRE Roundtable
SALT LAKE CITY, March 30, 2021—Mountain West Commercial Real Estate participated in Utah Business’ annual commercial real estate round table. Utah Business gathered experts to discuss inflation, the worker shortage, the resurgence of in person events, and an outlook for the reminder of 2022. This year, hospitality broker Wes Christensen represented the brokerage at the roundtable. According to numbers from the state, Utah’s unemployment …
Five Questions in Five Minutes With the Hospitality Team
Third Quarter Update on the Hospitality Market in the Intermountain West Mountain West Commercial’s Hospitality experts R. Michael Francis, Wes Christensen, and Alex Nielsen take on answering five pressing questions about the current hospitality market for the rest of 2021 and looking into 2022. 1. After going through a pandemic most hotel owners want to know what the value of their hotel is today. …
Mountain West Arranges The Sale of Nine Hotel Portfolio in Wyoming
Salt Lake City—Mountain West Commercial today announced the sale of a nine-hotel portfolio located across the state of Wyoming. The 684-room portfolio consists of Hilton, IHG, Choice, and Wyndham branded hotels located in major energy and tourism hubs throughout the state. The terms of the sale were not disclosed. Michael Francis and Wes Christensen, hospitality investment specialists represented the seller, Timberline Hospitalities, LLC, …
In the News – Alex Nielsen
Hospitality broker Alex Nielsen discusses with ABC 4 News the hospitality market. How will inflation impact a hotel’s performance/ consumers in 2022? There are two primary impacts of inflation on hotels: Owners should be able to raise rates Owners will pay more for labor/supplies Hotels offer an inflationary hedge to real estate investors because of all the product types, the length of tenant stay …
How Will Inflation Impact a Hotel’s Performance & Consumers in 2022
How Will Inflation Impact a Hotel’s Performance & Consumers in 2022? Mountain West’s hospitality broker team says inflation is impacting hotels in two major ways. First, owners should be able to raise rates at the same time they will pay more for labor and supplies. Second, hotels offer an inflationary hedge to real estate investors because of all the product types, the length of …
Inflated Commercial Values
The impacts of rising interest are propelling inflated commercial values. Right now, there is fear that the Federal Government is poised to impose another interest rate which are causing stocks to sell-off. Meantime, the Bureau of Economic Analysis reported that the personal consumption expenditures price index rose 6.6% over the 12 months ending in March and up from a 6.3% annual inflation rate in …
MWCRE Participates in Utah Business’ CRE Roundtable
SALT LAKE CITY, March 30, 2021—Mountain West Commercial Real Estate participated in Utah Business’ annual commercial real estate round table. Utah Business gathered experts to discuss inflation, the worker shortage, the resurgence of in person events, and an outlook for the reminder of 2022. This year, hospitality broker Wes Christensen represented the brokerage at the roundtable. According to numbers from the state, Utah’s unemployment …
Five Questions in Five Minutes With the Hospitality Team
Third Quarter Update on the Hospitality Market in the Intermountain West Mountain West Commercial’s Hospitality experts R. Michael Francis, Wes Christensen, and Alex Nielsen take on answering five pressing questions about the current hospitality market for the rest of 2021 and looking into 2022. 1. After going through a pandemic most hotel owners want to know what the value of their hotel is today. …
Industrial
CRE Industrial Market in Salt Lake City
Advice For Tenants According to Mountain West Commercial’s industrial brokerage team, the market vacancy for Industrial has continued to reduce. The best advice for tenants, if you have a year left on your lease, right now, is a great time to start looking for the next opportunity. Also, Existing options might be limited so you might need to look at new projects under construction. …
The Other Side Academy Ribbon Cutting Ceremony
One of Mountain West Commercial Real Estate’s clients The Other Side Academy (TOSA) had a grand opening and ribbon cutting event at a warehouse in Murray. Utah Congressman Burgess Owens, a supporter of the academy was in attendance. Back in April 2021, Mountain West agents Bill and Mary Street along with Nic Woods played a pivotal role in helping TOSA find the right warehouse. …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
CRE Industrial Market in Salt Lake City
Advice For Tenants According to Mountain West Commercial’s industrial brokerage team, the market vacancy for Industrial has continued to reduce. The best advice for tenants, if you have a year left on your lease, right now, is a great time to start looking for the next opportunity. Also, Existing options might be limited so you might need to look at new projects under construction. …
The Other Side Academy Ribbon Cutting Ceremony
One of Mountain West Commercial Real Estate’s clients The Other Side Academy (TOSA) had a grand opening and ribbon cutting event at a warehouse in Murray. Utah Congressman Burgess Owens, a supporter of the academy was in attendance. Back in April 2021, Mountain West agents Bill and Mary Street along with Nic Woods played a pivotal role in helping TOSA find the right warehouse. …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
Office
Why You Should Invest in Commercial Real Estate
According to a report by Kenish Shah, Co-Founder of PropReturns, a company that helps folks invest in properties in India, CRE can generate a consistent income flow in the form of rentals and is one of the best investments for passive income. Long Tenure & Stable Investment Shah says commercial assets, like office space, retail space, warehouses, and other commercial properties, are secure investments …
Creating Opportunities in A Difficult Commercial Real Estate Atmospher
Over the past couple of years, there have been several disruptions impacting the commercial real estate market. Regardless, experts at Mountain West Commercial Real Estate say it is best to always review whatever holdings you have to better position yourself. According to an article from Forbes.com, there have been investment groups saving cash to acquire what is, in their opinion, imminent distressed assets. “The …
Tools for Remote Collaboration
Recently most businesses big or small are incorporating various tools for remote collaboration. Prior to the pandemic, most people worked in traditional office spaces from 9 a.m. to 5 p.m. As social distancing and remote work became the normal many businesses have adapted—and see themselves continuing—to work. It’s not just where we work that’s changed. How we work has also evolved along the way. …
Office Remote Work Verse Returning to Work
The commercial real estate industry is impacted by office remote work verse returning to work. There is no denying that the pandemic forced change upon modern-day working conditions. The shift has imposed remote, hybrid, or in-person strategies for employers to adapt which has some reevaluating how much office space is needed to successfully run a business. New data from The Deseret News and Hinckley …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
Why You Should Invest in Commercial Real Estate
According to a report by Kenish Shah, Co-Founder of PropReturns, a company that helps folks invest in properties in India, CRE can generate a consistent income flow in the form of rentals and is one of the best investments for passive income. Long Tenure & Stable Investment Shah says commercial assets, like office space, retail space, warehouses, and other commercial properties, are secure investments …
Creating Opportunities in A Difficult Commercial Real Estate Atmospher
Over the past couple of years, there have been several disruptions impacting the commercial real estate market. Regardless, experts at Mountain West Commercial Real Estate say it is best to always review whatever holdings you have to better position yourself. According to an article from Forbes.com, there have been investment groups saving cash to acquire what is, in their opinion, imminent distressed assets. “The …
Tools for Remote Collaboration
Recently most businesses big or small are incorporating various tools for remote collaboration. Prior to the pandemic, most people worked in traditional office spaces from 9 a.m. to 5 p.m. As social distancing and remote work became the normal many businesses have adapted—and see themselves continuing—to work. It’s not just where we work that’s changed. How we work has also evolved along the way. …
Office Remote Work Verse Returning to Work
The commercial real estate industry is impacted by office remote work verse returning to work. There is no denying that the pandemic forced change upon modern-day working conditions. The shift has imposed remote, hybrid, or in-person strategies for employers to adapt which has some reevaluating how much office space is needed to successfully run a business. New data from The Deseret News and Hinckley …
Inflation Impacts on Commercial Real Estate in Utah
Gas Prices on the Rise According to current brent crude oil prices Oil prices have surged roughly 25% since Russia’s invasion of Ukraine and have traded around $113 a barrel. Gas prices in Utah are above $4.00 a gallon and in parts of California in some cases it is more than $2.00 higher. According to analysts at Goldman Sachs, near-term crude oil and agricultural …
Culture
CCIM Recognizes Mountain West Commercial Real Estate Agents at 2022 Excellence Awards
May 16, 2022 – Salt Lake City. Mountain West Commercial Real Estate is pleased to announce three agents were recognized by CCIM Utah’s Chapter for their excellence in the local commercial real estate market. Agent Scott Brady was awarded CCIM’s 2022 Retail Broker of the Year. Agent Ryan Flint, SIOR was awarded Specialty Broker of the Year, and agent Wes Christensen was awarded CCIM’s Presidents …
Mountain West Commercial Finalists in CCIM’s 2022 Excellence Awards
Utah CCIM Chapter announces finalists for 2022 Excellence Awards by Press Release Salt Lake City— The Utah Chapter of CCIM announced finalists for the 2022 CCIM Excellence Awards, an honor bestowed upon professionals within Utah’s commercial real estate industry who exemplify the highest degree of business excellence. Held annually, the event recognizes individuals spanning more than 15 specialties within the industry, the pinnacle award being …
Employee of Q1 2022: Saundra Fife
Saundra Fife is the Director of Research at Mountain West; she is being recognized for her hard work throughout Q1 of 2022. Saundra has been with MWCRE for more than 3 years, right now she conducts training in our research department while continuously providing our brokers with the necessary data to help them best serve our clients. “Thank you for your dedication and willingness …
The Other Side Academy Ribbon Cutting Ceremony
One of Mountain West Commercial Real Estate’s clients The Other Side Academy (TOSA) had a grand opening and ribbon cutting event at a warehouse in Murray. Utah Congressman Burgess Owens, a supporter of the academy was in attendance. Back in April 2021, Mountain West agents Bill and Mary Street along with Nic Woods played a pivotal role in helping TOSA find the right warehouse. …
CCIM Recognizes Mountain West Commercial Real Estate Agent Scott Brady as 2020’s Retail Broker of the Year
June 8, 2021 – Salt Lake City. Mountain West Commercial Real Estate is pleased to announce agent Scott Brady as CCIM’s 2021 Retail Broker of the Year. CCIM (Certified Commercial Investment Member) is a designation that denotes an agent has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry. The Utah Chapter held their annual …
Perseverance and Hard work go hand in hand as more and more women take on commercial real estate
Real Estate whether housing or commercial can be a difficult industry to begin your career. Many find themselves seeking mentors or internships to learn under-seasoned brokers. Women, in particular, have had an even harder time entering the field, however, women are breaking gender stereotypes and stepping into historically male-dominated fields, such as commercial real estate. According to Commercial Certified Investment Institute (CCIM) more than ...
Mountain West Expands with New Hospitality Brokerage Team in SLC
October 20, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is excited to welcome Michael Francis, Wes Christensen, and Alex Nielsen as our newest hospitality brokerage team joining our Salt Lake City office. The Francis – Christensen Hotel Group is a regionally focused hospitality brokerage team with over 26 years of collective experience. Over the course of their careers, they ...
Mountain West Welcomes Spencer Greer and Preston Miller
[image_with_animation image_url="107331" alignment="" animation="Fade In" img_link_target="_blank" hover_animation="none" border_radius="none" box_shadow="none" image_loading="default" max_width="100%" max_width_mobile="default" img_link="https://www.mwcre.com/our-team/sgreer/"] Spencer Greer [image_with_animation image_url="107329" alignment="" animation="Fade In" img_link_target="_blank" hover_animation="none" border_radius="none" box_shadow="none" image_loading="default" max_width="100%" max_width_mobile="default" img_link="https://www.mwcre.com/our-team/pmiller/"] Preston Miller October 6, 2020 – Salt Lake City. Mountain West Commercial Real Estate (MW) is excited to welcome two new brokers to our Salt Lake City office; Spencer Greer and Preston Miller. Greer and Miller, ...
Mountain West Brokers Deal Bringing Mexico Style Cuisine to Herriman City
Josh Vance CCIM801.456.8857 jvance@mwcre.com My Listings J.R. Howa 801.578.5545 jhowa@mwcre.com My Listings September 3, 2020 – Herriman, Utah. Mountain West Commercial Real Estate (MW) is excited to welcome La Garnacha, a Mexico-style cuisine, to the city of Herriman! Located at 5418 West Main Street, La Garnacha occupies 5,150 SF of space and 1.07 acres of land. La Garnacha is now open and excited to ...
Mountain West Brokers Awarded Top Lease in CoStar Power Broker Quarterly Deal Awards
August 21, 2020 – Sale Lake City, Utah. Mountain West Commercial Real Estate (MW) is proud to share Ben Ellsworth, Brandon Johnson, and Cody Black, MW Brokers, have been recognized by CoStar for their Power Broker office deal in Q2 of 2020. On April 16th, Utah County Public Defender’s Office signed a lease on 16,313 SF on the seventh and eighth floors of the …
Announcing a Local Business Incubator Program at The Gateway
August 12, 2020 – Salt Lake City, Utah The Gateway knows that local businesses are essential to any thriving community. Because so many small businesses have been hit harder than ever, The Gateway has tailored a program specifically to address those hardships. The Gateway is thinking globally and acting locally. With the idea that local unique businesses are what truly brings an unmatched vibrancy …
Mountain West is Best Place to Work
June 9, 2020 – Salt Lake City. Mountain West Commercial was recently honored by GlobeSt.com as one of the commercial real estate’s best places to work. Check out what our employees had to say about the culture here at Mountain West. Successful full-service brokerage firm Mountain West Commercial Real Estate is a dominant force in the United States, fiercely dedicated to providing superior services …
Industrial Commercial Real Estate with Robert Kingsford
We were able to sit down with Robert Kingsford, MW broker, to discuss his take on industrial commercial real estate and what we can expect from industrial in the future. View our interview with Robert below. For more news and the latest in commercial real estate, follow Mountain West on Instagram and Facebook.
Mountain West Commercial Announces New Office in St. George Utah
May 14, 2020 – St. George, Utah. Mountain West Commercial Real Estate (MW) is excited to announce an expansion in St. George which will allow Mountain West to serve an even wider breadth of clients! The newest office is located at 335 E. St. George Boulevard. We are excited about the new office and to have three new additions to the Mountain West team; ...
Mountain West Brokers First Kid’s Empire in Utah
March 26, 2020 – Midvale, Utah. Mountain West Commercial Real Estate (MW) is pleased to announce the first Kid’s Empire location in Utah is coming soon to the Riverwalk Shopping Center, located at 7200 South 700 West, Midvale, Utah. Kid’s Empire offers a space to recapture childhood magic with floor-to-ceiling climbing walls, play structures, and a drop-in ball pit. Occupying 15,000 SF of the …
Mountain West Brokers Investment Sale of Taylorsville Crossing
March 31, 2020 – Taylorsville, Utah. Mountain West Commercial Real Estate (MW) is happy to announce the recent investment sale of Taylorsville Crossing, located at 4546 South Atherton Road, Taylorsville, Utah. Taylorsville Crossing consists of a multi-tenant building totaling approximately 15,547 SF of gross leasable area and 0.92 acres of land. The property consists of a perfect mixture of retail and office tenants that …
Mountain West Brokers Sale of Interpointe Shopping Center
March 10, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is pleased to announce the investment sale of Interpointe Shopping Center. The sale included approximately 100,000 SF of leasable space and 7 acres of land at 300 West 2100 South, South Salt Lake City, Utah. Interpointe Shopping Center is home to one of the top Best Buy stores in sales …
Mountain West Commercial Real Estate finds Buyer for Apartment Land in Ogden
March 10, 2020 – Ogden, Utah. Mountain West Commercial Real Estate is pleased to announce the recent sale of commercial land at 2961 South Washington Boulevard, Ogden, set to begin construction soon on a new low-income housing project for senior living. Mountain West was able to market the currently vacant retail building as a multi-family property, securing a much higher selling price for the …
Mountain West Las Vegas Welcomes Steve Mardirossian
October 24, 2018 – Las Vegas, Nevada. Mountain West Commercial Real Estate is pleased to welcome Steve Mardirossian. Steve specializes in Business Brokerage, He was born in Detroit, MI. Moved to Las Vegas in 1998, and has strong local knowledge of trends in the Las Vegas Valley. Steve graduated from Southfield Lathrup High School and not long after, he ran his family Jewelry business …
New Broker Announcement
Mountain West Commercial is excited to announce that J.R. Howa and Josh Vance have joined the Mountain West Salt Lake City office. Josh has been involved in the industry since 1999 and he covers a wide range of real estate disciplines, including sales and leasing of office, retail and industrial properties. Josh is currently the CCIM Utah Chapter President. J.R. has an extensive knowledge ...
New MW Office in Ogden, Utah
August 23, 2018 – Salt Lake City and Ogden, UT -- Mountain West Commercial Real Estate (MW) is pleased to announce the opening of an office in Ogden, located at 2314 Washington Blvd (84401). Mountain West shareholder, Mike Medina will be the office director and may be reached at 801.456.8800 or mmedina@mwcre.com. Mike Medina said of the new office “I’m excited about the continued ...
MW Las Vegas | 1 Year Anniversary Lunch
Congrats MW LV, 1 Year Anniversary of operation! Broken virtually every goal and still exceeding expectations!
Jake Hedge Joins Mountain West | Billings
Mountain West Commercial Real Estate (MW) is pleased to announce that Jake Hedge has joined the team. Jake is proud to bring his passion, energy and commitment to his hometown. He is leveraging his strong background in accounting, commercial banking and financial analysis to focus on investment properties from a banker’s perspective. Jake received degrees in both accounting and finance while playing competitive golf …
Richard Martin Joins Mountain West | Billings
Mountain West Commercial Real Estate (MW) is pleased to announce that Richard Martin has joined the Montana team. Richard is passionate about commercial real estate. He has a broad background across several industries. Richard also owns two local companies, Baker Transfer & Storage and Jim’s Electric, which gives him unique insight into the needs of business owners. Richard earned his degree in business administration …
Joseph Anderson Joins Mountain West | Las Vegas
Mountain West Commercial Real Estate (MW) is pleased to welcome Joseph Anderson to the team. Joe specializes in retail acquisitions and dispositions. He began his career working for the family business, MDL Group, as a sales associate before moving to The Equity Group, where he served as Vice President. Joe credits much of his success in commercial real estate to lessons learned as a …
Jack Rappaport Joins Mountain West | Las Vegas
Mountain West Commercial Real Estate is pleased to welcome Jack Rappaport. Jack has extensive knowledge of all types of commercial real estate from industrial and land to office, multifamily and retail, with an emphasis on tenant and buyer representation. He is a long-time resident of Las Vegas, having moved here in 1965, and has an extensive network of contacts within the Las Vegas market. …
New Client Announcement – O’Reilly Auto Parts
Mountain West Commercial Real Estate (MW) is pleased to announce that Scott Brady has been hired as the exclusive representative for O’Reilly Auto Parts. Regarding the assignment, Scott said, “O’Reilly is a market leader in the industry and Utah is a great state for them. I am excited to assist them in their continued expansion into the state”. O’Reilly is an auto parts retailer …
New Client Announcement – Urban Air Adventure Park
Mountain West Commercial Real Estate (MW) is pleased to announce that Scott Brady, Chad Moore and Shaydon Wood have been hired as the exclusive representative team for Urban Air Adventure Park. Regarding the assignment, Shaydon said, “Urban Air is a strong national name and we are excited to be involved in their entrance to the market. The evolution of retail box space has been …
Mountain West Fall Incentive Trip
Congratulations to all the top-producing agents and outstanding employees who earned a spot on the MW Fall Incentive Trip! The 2017 trip was four days in Monterey, California. The trip included a group visit to the famed Monterey Bay Aquarium. [huge_it_gallery id=”5″]
Scot Prince Joins Mountain West
Mountain West is pleased to welcome Scot Prince. Scot specializes in land, retail and investment sales. He was born in Las Vegas and has a strong local knowledge of trends in the Las Vegas Valley.
Chad Christensen Joins Mountain West
Mountain West is pleased to announce that Chad Christensen has joined the team as Director of Research and GIS. He gathers, manages and analyzes real estate market information in Mountain West’s proprietary software.
Van Winkle Shopping Center Sold for over a 200% Net Return
Mountain West is pleased to announce the sale of the Van Winkle Shopping Center to a private investor. The 168,494 SF center is located at 5580 Van Winkle in Holladay, Utah.
Mountain West Commercial Expands Partnership In Las Vegas
Mountain West Commercial is pleased to announce the continued expansion of its partnership in Las Vegas, Nevada, led by Principal Broker Jeff Mitchell. Joining him as agents are Andrew Fehrman, Sahil Kurji, Jakke Farley, Preston Abell with Maurica Brown as office manager.
Dave & Buster’s to Open First Utah Location
Dave & Buster’s will be opening their first Utah location at The Gateway in downtown Salt Lake City. The family-friendly dining and entertainment venue will be opening in 2018 as part of Vestar’s redevelopment of The Gateway.
Cinco de Mayo Celebration!
At Mountain West, we celebrate Cinco de Mayo the American way – with hot dogs. Local company JDawgs came to our office and grilled their dawgs fresh on the spot. In addition to the usual fixings, they brought their special sauce, of course. An old family recipe, JDawgs’ special sauce is brewed every week “in small batches with love” by real live human beings: …
First Annual Race Day
May 12, 2017: At the first annual Mountain West Race Day, Troy “Slow T” Hardy threw off his nickname, beating Taylor “T-Biscuit” Moore by almost a full second. Hardy ran the 100M in 9.51 seconds while Moore took 10.40 seconds. Hardy, the 40-year-old with size 10.5 feet and a running style described by some as “pronate,” took the opportunity of his victory to rename …
CCIM Recognizes Mountain West Commercial Real Estate Agents at 2022 Excellence Awards
May 16, 2022 – Salt Lake City. Mountain West Commercial Real Estate is pleased to announce three agents were recognized by CCIM Utah’s Chapter for their excellence in the local commercial real estate market. Agent Scott Brady was awarded CCIM’s 2022 Retail Broker of the Year. Agent Ryan Flint, SIOR was awarded Specialty Broker of the Year, and agent Wes Christensen was awarded CCIM’s Presidents …
Mountain West Commercial Finalists in CCIM’s 2022 Excellence Awards
Utah CCIM Chapter announces finalists for 2022 Excellence Awards by Press Release Salt Lake City— The Utah Chapter of CCIM announced finalists for the 2022 CCIM Excellence Awards, an honor bestowed upon professionals within Utah’s commercial real estate industry who exemplify the highest degree of business excellence. Held annually, the event recognizes individuals spanning more than 15 specialties within the industry, the pinnacle award being …
Employee of Q1 2022: Saundra Fife
Saundra Fife is the Director of Research at Mountain West; she is being recognized for her hard work throughout Q1 of 2022. Saundra has been with MWCRE for more than 3 years, right now she conducts training in our research department while continuously providing our brokers with the necessary data to help them best serve our clients. “Thank you for your dedication and willingness …
The Other Side Academy Ribbon Cutting Ceremony
One of Mountain West Commercial Real Estate’s clients The Other Side Academy (TOSA) had a grand opening and ribbon cutting event at a warehouse in Murray. Utah Congressman Burgess Owens, a supporter of the academy was in attendance. Back in April 2021, Mountain West agents Bill and Mary Street along with Nic Woods played a pivotal role in helping TOSA find the right warehouse. …
CCIM Recognizes Mountain West Commercial Real Estate Agent Scott Brady as 2020’s Retail Broker of the Year
June 8, 2021 – Salt Lake City. Mountain West Commercial Real Estate is pleased to announce agent Scott Brady as CCIM’s 2021 Retail Broker of the Year. CCIM (Certified Commercial Investment Member) is a designation that denotes an agent has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry. The Utah Chapter held their annual …
Perseverance and Hard work go hand in hand as more and more women take on commercial real estate
Real Estate whether housing or commercial can be a difficult industry to begin your career. Many find themselves seeking mentors or internships to learn under-seasoned brokers. Women, in particular, have had an even harder time entering the field, however, women are breaking gender stereotypes and stepping into historically male-dominated fields, such as commercial real estate. According to Commercial Certified Investment Institute (CCIM) more than ...
Mountain West Expands with New Hospitality Brokerage Team in SLC
October 20, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is excited to welcome Michael Francis, Wes Christensen, and Alex Nielsen as our newest hospitality brokerage team joining our Salt Lake City office. The Francis – Christensen Hotel Group is a regionally focused hospitality brokerage team with over 26 years of collective experience. Over the course of their careers, they ...
Mountain West Welcomes Spencer Greer and Preston Miller
[image_with_animation image_url="107331" alignment="" animation="Fade In" img_link_target="_blank" hover_animation="none" border_radius="none" box_shadow="none" image_loading="default" max_width="100%" max_width_mobile="default" img_link="https://www.mwcre.com/our-team/sgreer/"] Spencer Greer [image_with_animation image_url="107329" alignment="" animation="Fade In" img_link_target="_blank" hover_animation="none" border_radius="none" box_shadow="none" image_loading="default" max_width="100%" max_width_mobile="default" img_link="https://www.mwcre.com/our-team/pmiller/"] Preston Miller October 6, 2020 – Salt Lake City. Mountain West Commercial Real Estate (MW) is excited to welcome two new brokers to our Salt Lake City office; Spencer Greer and Preston Miller. Greer and Miller, ...
Mountain West Brokers Deal Bringing Mexico Style Cuisine to Herriman City
Josh Vance CCIM801.456.8857 jvance@mwcre.com My Listings J.R. Howa 801.578.5545 jhowa@mwcre.com My Listings September 3, 2020 – Herriman, Utah. Mountain West Commercial Real Estate (MW) is excited to welcome La Garnacha, a Mexico-style cuisine, to the city of Herriman! Located at 5418 West Main Street, La Garnacha occupies 5,150 SF of space and 1.07 acres of land. La Garnacha is now open and excited to ...
Mountain West Brokers Awarded Top Lease in CoStar Power Broker Quarterly Deal Awards
August 21, 2020 – Sale Lake City, Utah. Mountain West Commercial Real Estate (MW) is proud to share Ben Ellsworth, Brandon Johnson, and Cody Black, MW Brokers, have been recognized by CoStar for their Power Broker office deal in Q2 of 2020. On April 16th, Utah County Public Defender’s Office signed a lease on 16,313 SF on the seventh and eighth floors of the …
Announcing a Local Business Incubator Program at The Gateway
August 12, 2020 – Salt Lake City, Utah The Gateway knows that local businesses are essential to any thriving community. Because so many small businesses have been hit harder than ever, The Gateway has tailored a program specifically to address those hardships. The Gateway is thinking globally and acting locally. With the idea that local unique businesses are what truly brings an unmatched vibrancy …
Mountain West is Best Place to Work
June 9, 2020 – Salt Lake City. Mountain West Commercial was recently honored by GlobeSt.com as one of the commercial real estate’s best places to work. Check out what our employees had to say about the culture here at Mountain West. Successful full-service brokerage firm Mountain West Commercial Real Estate is a dominant force in the United States, fiercely dedicated to providing superior services …
Industrial Commercial Real Estate with Robert Kingsford
We were able to sit down with Robert Kingsford, MW broker, to discuss his take on industrial commercial real estate and what we can expect from industrial in the future. View our interview with Robert below. For more news and the latest in commercial real estate, follow Mountain West on Instagram and Facebook.
Mountain West Commercial Announces New Office in St. George Utah
May 14, 2020 – St. George, Utah. Mountain West Commercial Real Estate (MW) is excited to announce an expansion in St. George which will allow Mountain West to serve an even wider breadth of clients! The newest office is located at 335 E. St. George Boulevard. We are excited about the new office and to have three new additions to the Mountain West team; ...
Mountain West Brokers First Kid’s Empire in Utah
March 26, 2020 – Midvale, Utah. Mountain West Commercial Real Estate (MW) is pleased to announce the first Kid’s Empire location in Utah is coming soon to the Riverwalk Shopping Center, located at 7200 South 700 West, Midvale, Utah. Kid’s Empire offers a space to recapture childhood magic with floor-to-ceiling climbing walls, play structures, and a drop-in ball pit. Occupying 15,000 SF of the …
Mountain West Brokers Investment Sale of Taylorsville Crossing
March 31, 2020 – Taylorsville, Utah. Mountain West Commercial Real Estate (MW) is happy to announce the recent investment sale of Taylorsville Crossing, located at 4546 South Atherton Road, Taylorsville, Utah. Taylorsville Crossing consists of a multi-tenant building totaling approximately 15,547 SF of gross leasable area and 0.92 acres of land. The property consists of a perfect mixture of retail and office tenants that …
Mountain West Brokers Sale of Interpointe Shopping Center
March 10, 2020 – Salt Lake City, Utah. Mountain West Commercial Real Estate (MW) is pleased to announce the investment sale of Interpointe Shopping Center. The sale included approximately 100,000 SF of leasable space and 7 acres of land at 300 West 2100 South, South Salt Lake City, Utah. Interpointe Shopping Center is home to one of the top Best Buy stores in sales …
Mountain West Commercial Real Estate finds Buyer for Apartment Land in Ogden
March 10, 2020 – Ogden, Utah. Mountain West Commercial Real Estate is pleased to announce the recent sale of commercial land at 2961 South Washington Boulevard, Ogden, set to begin construction soon on a new low-income housing project for senior living. Mountain West was able to market the currently vacant retail building as a multi-family property, securing a much higher selling price for the …
Mountain West Las Vegas Welcomes Steve Mardirossian
October 24, 2018 – Las Vegas, Nevada. Mountain West Commercial Real Estate is pleased to welcome Steve Mardirossian. Steve specializes in Business Brokerage, He was born in Detroit, MI. Moved to Las Vegas in 1998, and has strong local knowledge of trends in the Las Vegas Valley. Steve graduated from Southfield Lathrup High School and not long after, he ran his family Jewelry business …
New Broker Announcement
Mountain West Commercial is excited to announce that J.R. Howa and Josh Vance have joined the Mountain West Salt Lake City office. Josh has been involved in the industry since 1999 and he covers a wide range of real estate disciplines, including sales and leasing of office, retail and industrial properties. Josh is currently the CCIM Utah Chapter President. J.R. has an extensive knowledge ...
New MW Office in Ogden, Utah
August 23, 2018 – Salt Lake City and Ogden, UT -- Mountain West Commercial Real Estate (MW) is pleased to announce the opening of an office in Ogden, located at 2314 Washington Blvd (84401). Mountain West shareholder, Mike Medina will be the office director and may be reached at 801.456.8800 or mmedina@mwcre.com. Mike Medina said of the new office “I’m excited about the continued ...
MW Las Vegas | 1 Year Anniversary Lunch
Congrats MW LV, 1 Year Anniversary of operation! Broken virtually every goal and still exceeding expectations!
Jake Hedge Joins Mountain West | Billings
Mountain West Commercial Real Estate (MW) is pleased to announce that Jake Hedge has joined the team. Jake is proud to bring his passion, energy and commitment to his hometown. He is leveraging his strong background in accounting, commercial banking and financial analysis to focus on investment properties from a banker’s perspective. Jake received degrees in both accounting and finance while playing competitive golf …
Richard Martin Joins Mountain West | Billings
Mountain West Commercial Real Estate (MW) is pleased to announce that Richard Martin has joined the Montana team. Richard is passionate about commercial real estate. He has a broad background across several industries. Richard also owns two local companies, Baker Transfer & Storage and Jim’s Electric, which gives him unique insight into the needs of business owners. Richard earned his degree in business administration …
Joseph Anderson Joins Mountain West | Las Vegas
Mountain West Commercial Real Estate (MW) is pleased to welcome Joseph Anderson to the team. Joe specializes in retail acquisitions and dispositions. He began his career working for the family business, MDL Group, as a sales associate before moving to The Equity Group, where he served as Vice President. Joe credits much of his success in commercial real estate to lessons learned as a …
Jack Rappaport Joins Mountain West | Las Vegas
Mountain West Commercial Real Estate is pleased to welcome Jack Rappaport. Jack has extensive knowledge of all types of commercial real estate from industrial and land to office, multifamily and retail, with an emphasis on tenant and buyer representation. He is a long-time resident of Las Vegas, having moved here in 1965, and has an extensive network of contacts within the Las Vegas market. …
New Client Announcement – O’Reilly Auto Parts
Mountain West Commercial Real Estate (MW) is pleased to announce that Scott Brady has been hired as the exclusive representative for O’Reilly Auto Parts. Regarding the assignment, Scott said, “O’Reilly is a market leader in the industry and Utah is a great state for them. I am excited to assist them in their continued expansion into the state”. O’Reilly is an auto parts retailer …
New Client Announcement – Urban Air Adventure Park
Mountain West Commercial Real Estate (MW) is pleased to announce that Scott Brady, Chad Moore and Shaydon Wood have been hired as the exclusive representative team for Urban Air Adventure Park. Regarding the assignment, Shaydon said, “Urban Air is a strong national name and we are excited to be involved in their entrance to the market. The evolution of retail box space has been …
Mountain West Fall Incentive Trip
Congratulations to all the top-producing agents and outstanding employees who earned a spot on the MW Fall Incentive Trip! The 2017 trip was four days in Monterey, California. The trip included a group visit to the famed Monterey Bay Aquarium. [huge_it_gallery id=”5″]
Scot Prince Joins Mountain West
Mountain West is pleased to welcome Scot Prince. Scot specializes in land, retail and investment sales. He was born in Las Vegas and has a strong local knowledge of trends in the Las Vegas Valley.
Chad Christensen Joins Mountain West
Mountain West is pleased to announce that Chad Christensen has joined the team as Director of Research and GIS. He gathers, manages and analyzes real estate market information in Mountain West’s proprietary software.
Van Winkle Shopping Center Sold for over a 200% Net Return
Mountain West is pleased to announce the sale of the Van Winkle Shopping Center to a private investor. The 168,494 SF center is located at 5580 Van Winkle in Holladay, Utah.
Mountain West Commercial Expands Partnership In Las Vegas
Mountain West Commercial is pleased to announce the continued expansion of its partnership in Las Vegas, Nevada, led by Principal Broker Jeff Mitchell. Joining him as agents are Andrew Fehrman, Sahil Kurji, Jakke Farley, Preston Abell with Maurica Brown as office manager.
Dave & Buster’s to Open First Utah Location
Dave & Buster’s will be opening their first Utah location at The Gateway in downtown Salt Lake City. The family-friendly dining and entertainment venue will be opening in 2018 as part of Vestar’s redevelopment of The Gateway.
Cinco de Mayo Celebration!
At Mountain West, we celebrate Cinco de Mayo the American way – with hot dogs. Local company JDawgs came to our office and grilled their dawgs fresh on the spot. In addition to the usual fixings, they brought their special sauce, of course. An old family recipe, JDawgs’ special sauce is brewed every week “in small batches with love” by real live human beings: …
First Annual Race Day
May 12, 2017: At the first annual Mountain West Race Day, Troy “Slow T” Hardy threw off his nickname, beating Taylor “T-Biscuit” Moore by almost a full second. Hardy ran the 100M in 9.51 seconds while Moore took 10.40 seconds. Hardy, the 40-year-old with size 10.5 feet and a running style described by some as “pronate,” took the opportunity of his victory to rename …
Mountain West in the News
Commercial Real Estate: Buy, Sell Or Hold?
According to an article By Chris Zarpas published in Forbes. The commercial real estate market was beaten, broken, and left for dead by Covid-19 in 2020. It roared back to life in 2021 with record-breaking sales of $809 billion, but like cops pulling up to a rowdy frat house all-nighter, the arrival of unrestrained inflation and soaring interest rates may signal the party’s over. …
Owner of Provo Towne Center Buys Another Mall in American Fork
Retail Center is 100% Leased, With Tenant Roster That Includes Big Lots, VASA Fitness By Jeremy Quinn and CoStar News Staff CoStar Research Brixton Capital has acquired 150,000-square-foot shopping center in American Fork, a town of about 33,000 roughly 30 miles south of Salt Lake City. The Solana Beach, California-based real estate investment firm bought American Fork Center, a 1970s-era property at 634 to 702 E. State Road, …
In the News – Alex Nielsen
Hospitality broker Alex Nielsen discusses with ABC 4 News the hospitality market. How will inflation impact a hotel’s performance/ consumers in 2022? There are two primary impacts of inflation on hotels: Owners should be able to raise rates Owners will pay more for labor/supplies Hotels offer an inflationary hedge to real estate investors because of all the product types, the length of tenant stay …
Mountain West Helps Snooze A.M. Eatery Expand to 1st Nevada Location
Agent Jeff Mitchell represented Snooze A.M. Eatery in this deal at Rampart Commons. May 5, 2022 By Neal Cooney Burgeoning brunch chain Snooze, An A.M. Eatery is moving forward with a burst of growth that brings it to Las Vegas, where it will open its first location in Nevada. The chain is currently operating locations in states as distant as California and South Carolina, along with …
Mountain West Helps The Gateway Gain New Life Sciences Company
Vestar Adds New Biotech Tenant to Mixed-Use Property Mountain West Commercial Agents Lance Pendleton, Troy Hardy, and Andy Moffitt recently represented both the Landlord and Perfect Day in their 60,000-square-foot HQ located at The Gateway. This team of Mountain West Brokers is the market leader in Life Science and Bio-Tech representation. They have represented over 200,000SF of Life Science deals in the past calendar …
Mountain West: 2022 commercial real estate roundtable
Mountain West Commercial was a part of this roundtable and featured in the article. by Mekenna Malan This month, Utah Business partnered with Holland & Hart to host a roundtable event featuring Utah’s commercial real estate industry leaders. Moderated by Lana Howell, executive managing director of Colliers, they discussed commercial real estate in Utah, inflationary pressures, record growth, and more. Here are a few highlights from the …
Mountain West Participates in 2022 NAIOP Utah Commercial Real Estate Symposium
(April 20, 2021) Mountain West Commercial Real Estate will participate in NAIOP’s 2022 Utah Commercial Real Estate Symposium. This year’s symposium will focus on the 20th anniversary of the 2002 Winter Olympics. Speakers include Utah Governor Spencer Cox, and others to discuss the impacts the Olympics had on Utah then, now, and in the future. Mountain West Commercial broker Andy Moffitt will discuss the …
Commercial real estate impacted by inflation, staffing shortages
Mountain West in the news. SALT LAKE CITY (ABC4) – Rising construction costs have impacted the residential housing market — but, increasingly, they’re disrupting commercial real estate too. “The commercial real estate industry is white-hot right now,” said Wes Christensen with Mountain West Commercial Real Estate. But, he says, supply chain issues and lack of workers are taking a toll. “The shortages in materials, …
Commercial Real Estate: Buy, Sell Or Hold?
According to an article By Chris Zarpas published in Forbes. The commercial real estate market was beaten, broken, and left for dead by Covid-19 in 2020. It roared back to life in 2021 with record-breaking sales of $809 billion, but like cops pulling up to a rowdy frat house all-nighter, the arrival of unrestrained inflation and soaring interest rates may signal the party’s over. …
Owner of Provo Towne Center Buys Another Mall in American Fork
Retail Center is 100% Leased, With Tenant Roster That Includes Big Lots, VASA Fitness By Jeremy Quinn and CoStar News Staff CoStar Research Brixton Capital has acquired 150,000-square-foot shopping center in American Fork, a town of about 33,000 roughly 30 miles south of Salt Lake City. The Solana Beach, California-based real estate investment firm bought American Fork Center, a 1970s-era property at 634 to 702 E. State Road, …
In the News – Alex Nielsen
Hospitality broker Alex Nielsen discusses with ABC 4 News the hospitality market. How will inflation impact a hotel’s performance/ consumers in 2022? There are two primary impacts of inflation on hotels: Owners should be able to raise rates Owners will pay more for labor/supplies Hotels offer an inflationary hedge to real estate investors because of all the product types, the length of tenant stay …
Mountain West Helps Snooze A.M. Eatery Expand to 1st Nevada Location
Agent Jeff Mitchell represented Snooze A.M. Eatery in this deal at Rampart Commons. May 5, 2022 By Neal Cooney Burgeoning brunch chain Snooze, An A.M. Eatery is moving forward with a burst of growth that brings it to Las Vegas, where it will open its first location in Nevada. The chain is currently operating locations in states as distant as California and South Carolina, along with …
Mountain West Helps The Gateway Gain New Life Sciences Company
Vestar Adds New Biotech Tenant to Mixed-Use Property Mountain West Commercial Agents Lance Pendleton, Troy Hardy, and Andy Moffitt recently represented both the Landlord and Perfect Day in their 60,000-square-foot HQ located at The Gateway. This team of Mountain West Brokers is the market leader in Life Science and Bio-Tech representation. They have represented over 200,000SF of Life Science deals in the past calendar …
Mountain West: 2022 commercial real estate roundtable
Mountain West Commercial was a part of this roundtable and featured in the article. by Mekenna Malan This month, Utah Business partnered with Holland & Hart to host a roundtable event featuring Utah’s commercial real estate industry leaders. Moderated by Lana Howell, executive managing director of Colliers, they discussed commercial real estate in Utah, inflationary pressures, record growth, and more. Here are a few highlights from the …
Mountain West Participates in 2022 NAIOP Utah Commercial Real Estate Symposium
(April 20, 2021) Mountain West Commercial Real Estate will participate in NAIOP’s 2022 Utah Commercial Real Estate Symposium. This year’s symposium will focus on the 20th anniversary of the 2002 Winter Olympics. Speakers include Utah Governor Spencer Cox, and others to discuss the impacts the Olympics had on Utah then, now, and in the future. Mountain West Commercial broker Andy Moffitt will discuss the …
Commercial real estate impacted by inflation, staffing shortages
Mountain West in the news. SALT LAKE CITY (ABC4) – Rising construction costs have impacted the residential housing market — but, increasingly, they’re disrupting commercial real estate too. “The commercial real estate industry is white-hot right now,” said Wes Christensen with Mountain West Commercial Real Estate. But, he says, supply chain issues and lack of workers are taking a toll. “The shortages in materials, …