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Real Estate News- May 20

Cherry Creek Mortgage Company

Cherry Creek Mortgage Company welcomes Candice Freeman as its new loan officer in its Grand Junction office. Candice has more than 15 years of experience in mortgage lending. Candice brings outstanding expertise in both sales and operations. From disclosing, to originating, to processing, and appraisal department and training development, Candice is regarded as an expert in the industry. Knowing the intricate details required in mortgage lending today, Candice’s overall experience will be beneficial to both borrowers and real estate agents.

Candice grew up on the western slope and when she recently had an opportunity to move back to Grand Junction, it didn’t take long for her and her husband Robert to say "yes" immediately. Candice and Robert look forward to raising their family in this beautiful valley. They are already enjoying some of the wonderful opportunities the western slope offers. Their children are involved in Mesa County Youth Sports and 4H and the entire family is enjoying the outdoors on the beautiful hiking and biking trails along with the local golf courses.

Consistent with the Cherry Creek Mortgage philosophy, Candice is excited to join this team and in building trust. Candice believes in getting her clients into the right loan for them, based on their unique needs. Candice is an advocate in educating, both borrowers and real estate agent partners. Candice believes it is possible to make the home buying process as seamless as possible, which includes working with the right partnerships.

Candice can be reached at 970-256-0052 or at [email protected].

Rejuvenation Homes

Teri Styers, formerly of Ford Realty, has become an Employing Broker. Her new company, Rejuvenation Homes was formed under the umbrella of her existing corporation Rejuvenation Homes Inc.. Teri has been active in the home rehab and resell (flip) business for many years. Becoming an agent and now starting her own brokerage just made sense with her business model.

Teri’s knowledge of forced appreciation and investing in general has linked her with a number of investor clients. She speaks both rehab and cap rates.

Her family’s passion for drag racing has also provided her a steady clientele of "car guys" who need big garages. She knows what makes a great shop and can discern true RV parking.

She hopes to expand her company over the next year and plans to remain affiliated with Metro Brokers – where she was nominated Realtor of the Week for May 20-26, 2018.

Teri can be reached at [email protected] or 970-270-0805.

Weichert, Realtors – Heiden Homes Realty

Weichert, Realtors – Heiden Homes Realty recognizes top agents for April, 2018.

Jon Nash recorded the most sales transactions and the highest dollar volume in sales in April for Weichert, Realtors – Heiden Homes Realty. Cynthia Castaneda, Kathy Tomkins and Marlene Brunet tied for the most new listings for the month, during a period of low inventory in Mesa County.

Jon is a native of Kansas who moved to Vernal, Utah at a young age. He’s a graduate of Uintah High School, where he was Junior Class President and lettered in football and track. He focused on math, music and sports. Jon lived in Salt Lake City for 25 years, and has worked in the heating and air conditioning business for more than 20 years. He moved to Grand Junction two years ago and owns Comfort Zone Heating and Air.

Jon was recently recognized by Weichert, Realtors for his success in converting leads from the Weichert Leads Network into closed transactions. The Leads Network is a unique system that connects people inquiring about real estate to a Weichert agent in Grand Junction.

Jon married Misty Young on New Year’s Day this year. Misty, MSN, RN, NE-BC, is the Director of Medical Surgical Services line at St. Mary’s Hospital. She is a Montrose native and graduated from Olathe High School.

Jon has three adult children. Jessica lives in Vernal; Amelia lives in Salt Lake City and works for Discover Card, on the banking side of the business; and, Chance attends Colorado Mesa University, working toward a Business Degree. Jon also raised two stepsons: Nick Falbo, who is a firefighter in Phoenix and Frankie, who is a car salesman in Salt Lake City. Jon enjoyed raising and coaching his children in numerous sports.

Jon enjoys watching and attending sports events, especially football and hockey. He also enjoys live music and is a fan of 1980s rock. He also loves the outdoors, and activities that include camping, fishing, boating, hunting and golfing.

You can reach Jon at 970-985-5006 or [email protected].

Cynthia Castaneda has been a Realtor since July 7, 2007 (7/7/7), and claims that was her lucky day. She has managed to maintain being a personal care provider for those in need while also making time for her real estate career.

She was also recently recognized by Weichert, Realtors for her success in converting leads from the Weichert Leads Network.

Cynthia has been married to Nicolas Castaneda for 32 years, and Valentine’s Day is their anniversary. She says Nicolas has been the backbone for her, as he has encouraged her to be the best she can be. The couple has two adult children: Dominique, who is Cindy’s personal assistant; and Nicholas Brandon, who serves in the Army and is stationed in Germany. Both are graduates of Central High School in Grand Junction. Cynthia and Nicolas have also helped people by allowing them to stay in their home. They currently help grandson C.J. Danza, who stays with them.

Cynthia attributes her success to the Lord and strives to help those in need and enjoys working with first-time homebuyers.

You can reach Cynthia at 970-234-7744 or [email protected].

Kathy Tomkins has considerable construction and mobile home experience in addition to her work as a Realtor.

She previously owned Manufactured Home Parts, a mobile home supply business, and is an unlimited general contractor. She specialized in manufactured home sales and construction at Royal T’s Construction, LLC and she’s a licensed mobile home dealer. Tomkins previously owned a heavy equipment construction company for eight years and started a gravel pit in 1998.

Kathy has embraced work since she graduated from high school. She landed an office position at a local insurance company shortly after graduation. She later married Joe Tomkins, who passed away from cancer 21 years later. Kathy spent most of her married life as a housewife, but also worked at a dress shop at Mesa Mall.

Tomkins has three children: Joe Tomkins II, DeDee Case (who owns a trucking company with husband Boone Case) and A.K. Weaver, a graduate of Fruita Monument High School. Tomkins has two grandchildren: Shannia Case and Kendra Tomkins.

You can reach Kathy at 970-270-1906 or [email protected].

Marlene Brunet was in the hospitality business for 22 years and spent the last 10 of those years as an International Trainer for Choice Hotels. When the company closed in 2013, Marlene was recruited to spearhead the Outreach Center at Colorado Mesa University — a student-staffed call center reaching out to prospective students.

Marlene specializes in residential sales and rental/investment purchases.

Marlene has been married to Greg Brunet for 25 years. He is the general manager for Springhill Suites by Marriott in downtown Grand Junction. The Brunets have two daughters: McKenzie, who graduated this month from Colorado Mesa University; and Ashley, who attends Central High School.

Marlene enjoys camping, hiking and spending time with her family.

You can reach Marlene at 970-201-8188 or [email protected].

Weichert, Realtors – Heiden Homes Realty is located in historic downtown Grand Junction, at 735 Rood Avenue. Owner/Managing Broker Toni Heiden was recently recognized by the Realtor Political Action Committee (RPAC) for her financial contributions to the RPAC fund.

To view properties for sale or rent, log on to www.heidenhomes.com.

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Golf’s $9 Billion Real Estate Market Is On The Upswing: See Where And Why

Red Ledges in the Rocky Mountains did $64 million in sales volume in 2017.

Golf is at the heart of Red Ledges in Heber City, Utah, with an 18-hole Jack Nicklaus-designed course and a 12-hole, par-3 Nicklaus Signature “golf park” in the private Rocky Mountain community about 25 minutes from Salt Lake City.

The community is coming off a record sales year in 2017, with 150 closings and about $64 million in sales volume. After it took close to nine years to get the first 100 homes built and sold at Red Ledges, there have now been approximately 550 sales the past few years and more than 100 more homes are in the construction or design process.

“The pace is kind of staggering,” says Bill Houghton, the VP of Real Estate for Red Ledges, which overall will be 1,100 to 1,200 units with 700 to 800 single-family homes and cottages.

“We’re getting a ton of people who are looking at Park City and just looking at a nice outdoor adventure area and buying into what we’ve got,” Houghton adds. “It’s great that people are buying into the vision that was put in place 10 or 11 years ago by our founders, and that our founders stayed the course and are starting to realize some of that benefit."

The 12-hole, par-3 course at Red Ledges in Utah.

Red Ledges isn’t alone. The golf course real estate industry has been thriving in certain markets and locations, and the positive momentum has carried into 2018. While the growth is a reflection of the economy overall, it’s particularly encouraging for the golf industry.

The latest U.S. Golf Economy Report was released this week, showing that the game drove $84.1 billion in economic activity across the country in 2016. Included in that total was $9.34 billion in the golf real estate market, including $7.24 billion in new home construction.

By comparison, those numbers were $4.74 billion (golf real estate market) and $3.14 billion (new home construction in golf communities) the last time the Golf Economy Report was released in 2011 following the Great Recession and the financial crisis.

“In the last few years, it’s been a pretty good run of sales in the golf area, with folks wanting to have either views of, or frontage on, the golf course,” says Charlie Hill, the President and COO for DH Investments, developer of the Cordillera Ranch community outside San Antonio.

Cordillera Ranch, which is also home to a Nicklaus signature course in the Texas Hill Country, has topped $100 million in total real estate activity for three straight years. The 8,700-acre master-planned residential community also has six other resort-style clubs in addition to the golf club, offering a wealth of family and outdoor activities.

The par-3 16th at Cordillera Ranch is a memorable one.

“With the array of amenities, that’s one thing we were fortunate to be a little ahead of the curve on,” Hill adds. “When we started thinking about the idea of a private club with a golf course and other amenities, we knew that so many people come to the Hill Country because of the outdoor activities, like floating the Guadalupe River, riding horses, fishing, sporting clays or just being outdoors. So we didn’t just want to be a golf course.”

That’s where the Seven Clubs of Cordillera concept was born.

“We try to market to the buyer who isn’t just looking for a golf course because there are nice golf courses all over the world and a lot of these folks can afford to be anywhere,” says Hill. “We didn’t want these to be token offerings either; we went the extra mile on all those things.”

Fueled by a combination of a special location, unique offerings and/or desirable amenities, it’s a recipe that many other golf communities have followed successfully. Following are a few examples:

Kohanaiki – Kona, Hawaii

Kohanaiki was the first new community built on the Kona coast in a decade.

Kohanaiki is a spectacular private club community spread across 450 oceanfront acres on the Big Island of Hawaii. The property has 1 ½ miles of coastline, a Rees Jones-designed oceanfront course, a beach club and a wealth of outdoor adventure activities for families. With homes that range from $3 million to $22 million, Kohanaiki closed $131 million in sales last year and achieved the most transactions on the Kona-Kohala Coast in 2017. (www.kohanaiki.com)

Reynolds Lake Oconee – Greensboro, Georgia

The Great Waters Course at Reynolds Lake Oconee.

Halfway between Atlanta and Augusta sits Reynolds Lake Oconee, a sprawling resort community that’s home to a Ritz-Carlton as well as 2,500 condominiums, cottages and single-family homes. The property boasts 350 miles of shoreline as well as six golf courses — including two ranked among the Top 100 public or resort layouts in the nation – built by architects such as Tom Fazio, Jack Nicklaus, Rees Jones, Bob Cupp and Jim Engh. Last year, every single spec home that was built was bought and there are currently almost 100 homes under construction. (www.reynoldslakeoconee.com)

Boot Ranch – Fredericksburg, Texas

One of the custom homes at Boot Ranch in the Texas Hill Country.

Boot Ranch is another private club and family retreat in the heart of Texas Hill Country, located less than an hour from Austin. Defined by a mix of luxury and recreation, Boot Ranch has a Hal Sutton-designed golf course, a 34-acre practice area and an executive par-3 course. The property also sold 64 properties valued at $41 million last year, a 23 percent increase over the previous year. The first quarter of 2018 showed similar momentum, with 21 sales, a 30 percent increase from the same time a year ago. (www.bootranch.com)

Clear Creek Tahoe – Clear Creek, Nevada

A Coore-Crenshaw design is at the heart of Clear Creek Tahoe.

Ten miles from Lake Tahoe and 19 miles from both the Incline Village and Heavenly ski resorts is the private community of Clear Creek Tahoe. The design team of Ben Crenshaw and Bill Coore took a light hand in routing the golf course across beautiful rolling terrain – over hills and through the towering pines of the Sierras. There were a total of 52 sales last year, with an average price of almost $400,000. (www.clearcreektahoe.com)

Magnolia Green – Moseley, Virginia

Magnolia Green is the best-selling community in the Richmond area.

Magnolia Green is central Virginia’s premier multi-generational, active lifestyle residential community, located about 20 miles southwest of downtown Richmond. The community had a record 204 home sales in 2017, with an average sales price of more than $450,000. The 18 percent year-over-year increase came after Magnolia Green invested $10.5 million in resort-style amenities, including a 10-acre aquatic center with four pools and a new clubhouse for the golf course built by Nicklaus Design’s Chris Cochran. (www.magnoliagreen.com)

Timbers Kauai – Kauai, Hawaii

The Nicklaus Signature Ocean course has the longest stretch of oceanfront holes in Hawaii.

Timbers Kauai is a luxury oceanfront residential community that features the Jack Nicklaus-designed Ocean course with features the longest stretch of oceanfront holes in all of Hawaii. As the property gears up for its official opening on June 1, it is already at $50 million in pre-sales and continues to build momentum. (www.timberskauai.com)

Santa Lucia Preserve – Carmel, California

The Tom Fazio Course at the Santa Lucia Preserve feels utterly removed from other courses on the Monterey Peninsula.

Tucked into the Santa Lucia Mountains just east of Carmel, up a long, winding road and behind multiple gates, is a weekend escape with a fantastic Tom Fazio design that’s proven popular with golf course raters as well as buyers from the San Francisco Bay area. There are fewer than 300 home sites spread across 2,000 acres at the Santa Lucia Preserve, with another 18,000 surrounding acres protected in perpetuity by the Santa Lucia Conservancy. There have been 123 finished custom homes, with 11 currently for sale, another 11 in design review and 10 homes under construction. (www.santaluciapreserve.com)

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Swat Lake City

wenty-five. I want you to remember the number 25.

That’s how many games the Jazz won in 2014. My rookie season.

It’s very possible that you didn’t know that. Unless you’ve been a real fan (shout out, Swat Lake City) it’s very possible you don’t spend a lot of time thinking about the Utah Jazz. We all know that. Sometimes being forgotten about is worse than any negative perception. That’s one of my memories from my rookie year. I remember my view from the bench — or really, the floor next to the bench, because the bench was full and I was a rookie. I remember how it felt, being so close to the game but really so far. I remember how it felt watching us lose 57 times, and how it felt to hear the final buzzer after each loss, and to stand up and walk back to the locker room. The focus was never on us — the postgame interviews, the highlights. It was always on the winners. It felt like we were invisible.

Thirty-eight. That’s another number I want you to remember.

My second year in the league, we won 38 games. I played in all 82 games that year and got a lot more minutes. My numbers improved to eight points and 10 rebounds a game. And most important (!) I wasn’t sitting on the floor next to the bench anymore.

We were moving in the right direction, and I think there was one main reason why: We got Quin. It was Coach Snyder’s first year as our coach.

Quin really surprised me the first time we met. It was in training camp in September 2014. I had just spent the summer playing in the World Cup for the French national team. To be honest, I didn’t think Coach knew who I was. One of the first conversations we had, he came up to me and told me he had watched every game France played in the World Cup.

It wasn’t b.s. — he was bringing up specific plays from specific games. He remembered how we lost to Spain in the group stage — by 24 points — and he remembered how we faced them again in the quarterfinals and won. We surprised a lot of people. Spain had the Gasol brothers, Serge Ibaka, Ricky Rubio, a great team. It was considered one of the best European teams. France was kind of forgotten about that year.

I remember what Coach said. He told me that he wanted me to play every single game the way I had played against Spain — that as long as he was my coach, he was going to push me to my limit. I didn’t know him very well but I could tell that he was serious. He was serious about coaching and serious about building a team in Utah that people wouldn’t be able to overlook. Serious about bringing back the excitement and respect that John Stockton and Karl Malone first brought here. “If you play like you did this summer, our team is capable of doing anything,” he told me.

He asked me if I was willing to do that. I nodded.

Inside, I was on fire.

My goal up to that point in the NBA was just to get a chance to compete. Nobody knew my name my rookie year. I believed that if I could get that chance, people would see. I needed someone to give me that chance.

Shout out, Coach.

Eighteen. That’s a funny number for me, too. I think I was 18 years old the first time I got a real haircut.

Before that, my mom had always cut my hair. She’s the hardest working person I know. She always had multiple jobs at a time. She cut hair, she worked in restaurants — basically anything she could do to provide for me and my brother and sister. I grew up in Saint-Quentin, which is a medium-sized city north of Paris. We always had enough to eat and a roof over our heads. Our apartment was very simple. It was a lot like the projects you might see in American inner cities.

“Be happy with what you have,” my mother always told us.

My brother and sister were both older than me. I’m the baby. My sister moved out when I was very young. My brother lived with us until he went to university at 19, and it wasn’t until he moved out that I was actually able to have my own room. Until I was around 11 years old, I shared a room with my mother.

Looking back I can see how it was obviously difficult for her, working all the time and taking care of us, but she never made me feel like I was a burden — although l was a burden at times.

I had a crazy amount of energy as a kid. From an early age, I was getting into fights at school. So every chance she could, she would sign me up for sports and after school activities. She put me in karate. She put me in track and field. She put me in boxing. When I was 11, she put me on a basketball team. That was when I started falling in love with the game.

Of all the sports that my mom forced me to play, basketball made the most sense to me. I was taller than all of the other kids, and my father had played basketball professionally and for the French national team in the ’80s and ’90s. So I guess the game was also part of my DNA. Suddenly, I’d found a place to put all of my extra energy. I started getting attention around school — it started to look like I might have a bright future playing basketball. And that was a very rare thing for somebody from Saint-Quentin.

I went to boarding school when I was 12. It was about an hour from my mom’s apartment. On most weekends, I went home. She would cut my hair and ask me how my grades were. Those are some of the best memories of my life.

My mom — she missed me a lot. When I’d go home or talk to her on the phone, I’d try not to let it show if I was having a difficult time. I remembered how she had to work all of the time for us to be able to eat and go to school, and how she would come home every single day exhausted. She was happy to sacrifice everything so that her children would always have a future. Being only 12 or 13 years old, it was hard. I didn’t want her to worry.

When I was 15, I moved again — even farther away — to the city of Cholet, a five-hour drive from our house, to go to school where they had a good basketball team. This meant I no longer could go home on the weekends. I talked to my mom on the phone whenever I could, but I only went home a few times on vacation.

For the next three years I played basketball for the Cholet junior team. I know it was hard for my mother to deal with me moving so far away at such a young age — I was her last child, and I was a lot younger than my brother had been when he left home. She worried about me all the time — if I was warm enough, if I was making friends, or if I had enough to eat. But she always understood that I was doing what I wanted. And more than anything, she always encouraged me to chase my dream.

In 2013, I found out that my dream had come true. The only thing was that I’d be moving to this place I’d never heard of.

Salt Lake City.

Before I came to Utah, everything I knew about America came from TV or movies. And I don’t think a single one of the TV shows or movies I watched had anything to do with Utah, so I had no idea what to expect when I got here. The only thing I really knew about the entire state of Utah, is that it was where Karl Malone played.

The first time I met Karl was during a practice my rookie year. He was the nicest guy, very supportive. He told me he was excited to see what I could bring to the Jazz. We talked about big-man stuff and he offered to put me through some drills. His toughness in those drills was an eye-opening thing for me to see. When I think about it, I just remember his forearm. I was guarding him down low and he put a forearm on me. It was a rock. This might be the strongest man I’ve ever seen in my life. 50-year old Karl Malone. The strength he must’ve played with in his prime — I can’t imagine it. He made me want to be a better defender.

I know I mentioned the World Cup as a defining moment for me, but there have been a lot of moments since I got to Utah that I’ll never forget.

I’ll always remember guys like Richard Jefferson, a mentor for me when was a rookie and I knew nobody. In fact, the whole Jazz team when I got here in 2013 showed me how to be a professional. Even though I didn’t get much playing time, and we weren’t winning many games, I didn’t really get treated like a rookie. (Except for the sitting-on-the-floor stuff.) Once I was drafted, I was part of the team and that was that.

I’ll remember our first training camp, which in my mind was like a military camp. It was one of the hardest few weeks of my life. I realize, looking back, how much I needed it to see how big the adjustment would be going from a French junior team to the NBA. I’ll remember how we kept being overlooked and forgotten about just because, those first few seasons. Coach Quin would just remind us to keep working at it — keep improving — and eventually we would get people’s attention and respect.

I’ll remember last year, during the All-Star Game — how it felt not to have been selected. How I felt like I deserved an All-Star spot and didn’t get one, and it seemed like nobody outside of Utah was even talking about me. It was the first time in my career that I felt that way, and it’s not that I just didn’t make the team, it’s that there seemed to be no real conversation about it.

I’ll remember last year, getting swept in the second round of the playoffs. And the off-season, when everybody was saying that Gordon Hayward leaving meant we were going to have to rebuild.

I’ll remember when Donovan Mitchell arrived.

I had seen Donovan first play in the Summer League, and my first thought after seeing him was, He can play defense. I always look at how a new guy approaches defense — does he play as hard on D as he does on the other end? Donovan did. I respected that right away.When he scored 41 his second month in the league … damn, I knew he was going to be special.

Shout out Donovan, our rookie. Our leading scorer. The Rookie of the Year.

But the thing that I’ll remember most is my mother’s advice.

Be happy with what you have.

I still am. I’m happy with our team, our coach, our city. You guys are the best.

But I need to make a change to my mom’s favorite phrase. Hope that’s O.K., Mom.

Be happy with what you have, but go out and take what’s yours.

On the first day of training camp I said that we’d be back in the playoffs this year. Maybe some people thought it was a long shot. Our start may have been slow. I hurt one of my knees, then the other one, all in a month. But in my head I always knew we’d surprise everybody. Now we’re here and we’re as healthy as we’ve been all season. We’re as confident, too. We’ve got the best rookie in the NBA. We’ve got the best defense in the NBA. We have one of the best coaches. But we don’t have what we want yet.

I’ll leave you with one last number.

19,911.

That’s the maximum attendance at Vivint Smart Home Arena. Any team that wants a piece of us is gonna have to come to Salt Lake City and deal with all 19,911 of you. Maybe nobody else believes in us, but that’s their problem. We know we’re still being overlooked. In Utah, people have seen that before. Now is the time to take what we know we deserve. Now is the time we make sure they hear us.

And we’re going to need all of you.

Every single one.

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UT Salt Lake City UT Zone Forecast

—————

805 FPUS55 KSLC 080548 AAA

ZFPSLC

Zone Forecast Product for Utah…UPDATED

National Weather Service Salt Lake City UT

1148 PM MDT Sat Apr 7 2018

UPDATED ALL ZONES

UTZ003-081215-

Salt Lake and Tooele Valleys-

Including Salt Lake City and Tooele

1148 PM MDT Sat Apr 7 2018

UPDATED

.REST OF TONIGHT…Partly cloudy. Lows in the mid 40s. Northwest

winds 10 to 20 mph.

.SUNDAY…Mostly cloudy with a 40 percent chance of rain showers.

Highs in the upper 50s. Northwest winds 10 to 20 mph in the late

morning and early afternoon.

.SUNDAY NIGHT…Mostly cloudy. Lows around 40.

.MONDAY…Sunny. Highs around 60.

.MONDAY NIGHT…Mostly clear. Lows in the lower 40s.

.TUESDAY…Becoming partly cloudy. Warmer. Highs in the lower 70s.

.TUESDAY NIGHT…Mostly cloudy with a 30 percent chance of rain

showers. Lows around 50.

.WEDNESDAY…Mostly cloudy. Highs in the mid 70s.

.WEDNESDAY NIGHT…Partly cloudy. Lows around 50.

.THURSDAY…Rain likely in the morning, then rain and snow likely in

the afternoon. Highs in the upper 50s. Chance of precipitation

60 percent.

.THURSDAY NIGHT…Rain and snow likely. Lows in the mid 30s. Chance

of precipitation 60 percent.

.FRIDAY…Cloudy. A 40 percent chance of rain and snow showers.

Highs around 50.

.FRIDAY NIGHT…Mostly cloudy. Lows in the mid 30s.

.SATURDAY…Partly cloudy. Highs in the upper 50s.

UTZ002-081215-

Northern Wasatch Front-

Including Brigham City, Ogden, and Bountiful

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Partly cloudy with isolated showers

and thunderstorms. Lows around 40. Northwest winds 15 to 25 mph.

Chance of precipitation 20 percent.

.SUNDAY…Mostly cloudy with a 50 percent chance of rain showers.

Highs in the lower 50s. West winds 10 to 20 mph in the late morning

and early afternoon.

.SUNDAY NIGHT…A 40 percent chance of rain showers in the evening.

Mostly cloudy. Lows in the mid 30s.

.MONDAY…Sunny. Highs in the mid 50s.

.MONDAY NIGHT…Mostly clear. Lows in the upper 30s.

.TUESDAY…Becoming partly cloudy. Warmer. Highs in the upper 60s.

.TUESDAY NIGHT…Mostly cloudy. A 30 percent chance of rain showers.

Lows in the mid 40s.

.WEDNESDAY AND WEDNESDAY NIGHT…Mostly cloudy. Highs in the upper

60s. Lows in the upper 40s.

.THURSDAY…Rain likely in the morning, then rain and snow likely in

the afternoon. Highs near 50. Chance of precipitation 60 percent.

.THURSDAY NIGHT…Rain and snow likely. Lows in the lower 30s.

Chance of precipitation 60 percent.

.FRIDAY…Mostly cloudy with a 40 percent chance of rain and snow

showers. Highs in the upper 40s.

.FRIDAY NIGHT AND SATURDAY…Mostly cloudy. Lows in the mid 30s.

Highs in the mid 50s.

UTZ004-081215-

Southern Wasatch Front-

Including Lehi, Provo, and Nephi

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Windy. Partly cloudy with scattered rain

showers and isolated thunderstorms. Lows around 40. Northwest

winds 20 to 30 mph decreasing to 10 to 20 mph late. Chance of

precipitation 30 percent.

.SUNDAY…Breezy. Mostly cloudy with a 20 percent chance of rain

showers. Cooler. Highs in the mid 50s. Northwest winds 10 to 20 mph

becoming 15 to 25 mph late morning through afternoon.

.SUNDAY NIGHT…Mostly cloudy in the evening then becoming partly

cloudy. Lows in the mid 30s.

.MONDAY…Sunny. Highs around 60.

.MONDAY NIGHT…Mostly clear. Lows in the upper 30s.

.TUESDAY…Becoming partly cloudy. Warmer. Highs around 70.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows in the mid 40s.

Highs in the lower 70s.

.WEDNESDAY NIGHT…Partly cloudy. Lows in the upper 40s.

.THURSDAY…Rain likely. Highs in the upper 50s. Chance of rain

60 percent.

.THURSDAY NIGHT…Rain and snow likely. Lows in the lower 30s.

Chance of precipitation 60 percent.

.FRIDAY…Mostly cloudy with a 40 percent chance of snow showers.

Highs in the upper 40s.

.FRIDAY NIGHT…Mostly cloudy. Lows in the lower 30s.

.SATURDAY…Partly cloudy. Highs in the upper 50s.

UTZ001-081215-

1148 PM MDT Sat Apr 7 2018

showers and isolated thunderstorms. Lows around 40. Northwest

winds 15 to 25 mph after midnight. Chance of precipitation

30 percent.

.SUNDAY…A chance of rain showers in the morning, then showers

likely in the afternoon. Cloudy. Highs in the lower 50s. West winds

10 to 20 mph late morning through afternoon. Chance of showers

60 percent.

.SUNDAY NIGHT…A 50 percent chance of rain showers in the evening.

Mostly cloudy. Lows in the lower 30s. West winds 10 to 20 mph early

in the evening.

.MONDAY…Sunny. Highs in the upper 50s.

.MONDAY NIGHT…Mostly clear. Lows in the mid 30s.

.TUESDAY…Becoming partly cloudy. Warmer. Highs in the upper 60s.

.TUESDAY NIGHT…Mostly cloudy with a 40 percent chance of rain

showers. Lows in the lower 40s.

.WEDNESDAY AND WEDNESDAY NIGHT…Mostly cloudy. Highs in the upper

60s. Lows in the lower 40s.

.THURSDAY…Rain likely in the morning, then rain and snow likely in

the afternoon. Highs near 50. Chance of precipitation 60 percent.

.THURSDAY NIGHT…Cloudy. A 50 percent chance of snow. Lows near 30.

.FRIDAY…Mostly cloudy. A 40 percent chance of snow showers. Highs

in the upper 40s.

.FRIDAY NIGHT…Mostly cloudy. Lows around 30.

.SATURDAY…Partly cloudy. Highs in the mid 50s.

UTZ005-081215-

Including Wendover and Snowville

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Mostly clear. Breezy. Lows around 40.

Northwest winds 15 to 25 mph.

.SUNDAY…Partly cloudy. Highs in the upper 50s. West winds 10 to

20 mph in the afternoon.

.SUNDAY NIGHT…Breezy. Mostly clear. Lows in the upper 30s. North

winds 15 to 25 mph.

.MONDAY…Sunny. Highs around 60.

.MONDAY NIGHT…Mostly clear. Lows around 40.

.TUESDAY…Becoming partly cloudy. Highs in the upper 60s.

.TUESDAY NIGHT…Mostly cloudy. Lows in the upper 40s.

.WEDNESDAY…Partly cloudy. Highs around 70.

.WEDNESDAY NIGHT…Mostly cloudy. Lows in the mid 40s.

.THURSDAY…Partly sunny. Windy. A chance of rain in the morning,

then a chance of snow in the afternoon. Highs in the lower 50s.

Chance of precipitation 40 percent.

.THURSDAY NIGHT AND FRIDAY…Mostly cloudy. Windy. Lows in the mid

30s. Highs in the lower 50s.

.FRIDAY NIGHT AND SATURDAY…Partly cloudy. Lows in the mid 30s.

Highs in the upper 50s.

UTZ006-081215-

Wasatch Mountain Valleys-

1148 PM MDT Sat Apr 7 2018

showers and isolated thunderstorms. Lows around 30. West winds

15 to 25 mph. Chance of precipitation 30 percent.

.SUNDAY…A chance of rain and snow showers in the morning, then a

chance of rain showers in the afternoon. Mostly cloudy. Cooler.

Highs around 50. West winds 10 to 20 mph. Chance of precipitation

50 percent.

.SUNDAY NIGHT…A 20 percent chance of rain showers in the evening.

Mostly cloudy. Lows in the mid 20s. West winds 10 to 20 mph in the

evening.

.MONDAY…Sunny. Highs in the mid 50s.

.MONDAY NIGHT…Mostly clear. Lows in the upper 20s.

.TUESDAY…Becoming partly cloudy. Warmer. Highs in the mid 60s.

.TUESDAY NIGHT…Mostly cloudy with a 30 percent chance of rain

showers. Lows in the upper 30s.

.WEDNESDAY…Mostly cloudy. Highs in the mid 60s.

.THURSDAY…Rain likely in the morning, then snow likely in the

afternoon. Highs in the lower 50s. Chance of precipitation

60 percent.

.THURSDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of snow

60 percent.

.FRIDAY…Mostly cloudy. A 50 percent chance of snow showers. Highs

in the lower 40s.

.FRIDAY NIGHT…Mostly cloudy. Lows in the mid 20s.

.SATURDAY…Partly cloudy. Highs around 50.

UTZ007-081215-

Wasatch Mountains I-80 North-

1148 PM MDT Sat Apr 7 2018

snow showers and isolated thunderstorms. Lows around 30. West

winds 20 to 30 mph. Chance of precipitation 40 percent.

.SUNDAY…Breezy. A chance of snow showers in the morning, then a

chance of rain and snow showers in the afternoon. Mostly cloudy.

Cooler. Highs in the mid 40s. West winds 15 to 25 mph late morning

through afternoon. Chance of precipitation 50 percent.

.SUNDAY NIGHT…Breezy. A chance of rain and snow showers in the

evening, then a slight chance of snow showers after midnight. Mostly

cloudy. Lows in the mid 20s. Northwest winds 15 to 25 mph. Chance of

precipitation 50 percent.

.MONDAY…Sunny. Highs around 50.

.MONDAY NIGHT…Mostly clear. Lows in the mid 20s.

.TUESDAY NIGHT…Mostly cloudy. A 30 percent chance of rain showers.

Lows in the lower 30s.

.WEDNESDAY…Mostly cloudy. Highs around 60.

.WEDNESDAY NIGHT…Partly cloudy. Lows in the lower 30s.

.THURSDAY…Rain likely in the morning, then snow likely in the

afternoon. Highs around 50. Chance of precipitation 60 percent.

.THURSDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of snow

60 percent.

.FRIDAY…Mostly cloudy. A 40 percent chance of snow showers. Highs

around 40.

.FRIDAY NIGHT…Mostly cloudy. Lows in the mid 20s.

.SATURDAY…Partly cloudy. Highs in the upper 40s.

UTZ008-081215-

Wasatch Mountains South of I-80-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Windy. Mostly cloudy with scattered snow

showers and isolated thunderstorms. Lows in the mid 20s.

Northwest winds 20 to 30 mph becoming 15 to 25 mph late. Chance

of precipitation 30 percent.

.SUNDAY…Breezy. Snow showers likely in the morning, then a chance

of snow showers in the afternoon. Mostly cloudy. Colder.

Accumulation up to 2 inches. Highs in the upper 30s. Northwest

winds 15 to 25 mph late morning through afternoon. Chance of snow

60 percent.

.SUNDAY NIGHT…A 20 percent chance of snow showers in the evening.

Mostly cloudy. Lows in the mid 20s.

.MONDAY…Sunny. Highs in the lower 40s.

.MONDAY NIGHT…Mostly clear. Lows around 30.

.TUESDAY…Becoming partly cloudy. Warmer. Highs in the mid 50s.

.TUESDAY NIGHT…Mostly cloudy with a 40 percent chance of rain

showers. Lows in the mid 30s.

.WEDNESDAY…Mostly cloudy. Highs in the mid 50s.

.WEDNESDAY NIGHT…Partly cloudy. Windy. Lows in the mid 30s.

.THURSDAY…Windy. Snow likely. Highs in the mid 30s. Chance of snow

70 percent.

.THURSDAY NIGHT…Snow likely. Lows 15 to 20. Chance of snow

70 percent.

60 percent.

.FRIDAY NIGHT…Mostly cloudy. Lows near 20.

.SATURDAY…Partly cloudy. Highs around 40.

UTZ009-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Cloudy with scattered snow showers and

isolated thunderstorms. Lows in the mid 20s. West winds 15 to

25 mph. Chance of precipitation 50 percent.

.SUNDAY…Breezy. Snow showers likely in the morning, then a chance

of snow showers in the afternoon. Mostly cloudy. Colder. Little or

no accumulation. Highs around 40. West winds 15 to 25 mph late

morning through afternoon. Chance of snow 60 percent.

.SUNDAY NIGHT…Breezy. A chance of snow showers in the evening,

then a slight chance of snow showers after midnight. Mostly cloudy.

Lows near 20. West winds 15 to 25 mph. Chance of snow 30 percent.

.MONDAY…Sunny. Highs in the upper 40s.

.MONDAY NIGHT…Mostly clear. Lows in the lower 20s.

.TUESDAY…Sunny. Highs in the upper 50s.

.TUESDAY NIGHT…Mostly cloudy. A 30 percent chance of rain

showers. Lows in the lower 30s.

.WEDNESDAY…Mostly cloudy. Highs in the upper 50s.

.WEDNESDAY NIGHT…Partly cloudy. Lows around 30.

.THURSDAY…Windy. Snow likely. Highs in the mid 40s. Chance of snow

60 percent.

.THURSDAY NIGHT…Snow likely. Lows 15 to 20. Chance of snow

70 percent.

.FRIDAY…Snow showers likely. Highs near 30. Chance of snow 60

percent.

.FRIDAY NIGHT…Mostly cloudy. A 30 percent chance of snow showers.

Lows 15 to 20.

.SATURDAY…Partly cloudy. Highs in the lower 40s.

UTZ010-081215-

Wasatch Plateau/Book Cliffs-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Mostly cloudy with scattered snow

showers and isolated thunderstorms. Lows around 30. Northwest

winds 15 to 25 mph. Chance of precipitation 40 percent.

.SUNDAY…Breezy. Partly sunny with a 20 percent chance of snow

showers. Colder. Highs around 40. West winds 15 to 25 mph.

.SUNDAY NIGHT…Breezy. A 20 percent chance of snow showers in the

evening. Partly cloudy. Lows in the mid 20s. Northwest winds 15 to

25 mph.

.MONDAY…Sunny. Highs in the mid 40s.

.MONDAY NIGHT…Mostly clear. Lows around 30.

.TUESDAY…Sunny. Highs in the mid 50s.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows in the mid 30s.

Highs in the mid 50s.

.WEDNESDAY NIGHT…Partly cloudy. Lows in the mid 30s.

.THURSDAY…Windy. Partly sunny. A 50 percent chance of snow. Highs

in the upper 40s.

.THURSDAY NIGHT…Cloudy. A 50 percent chance of snow. Lows near 20.

.FRIDAY…Mostly cloudy. A 40 percent chance of snow showers. Highs

in the mid 30s.

.FRIDAY NIGHT…Mostly cloudy. Lows near 20.

.SATURDAY…Partly cloudy. Highs in the lower 40s.

UTZ011-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Mostly cloudy with scattered rain

showers and isolated thunderstorms. Lows in the mid 30s. West

winds 15 to 25 mph. Chance of precipitation 30 percent.

.SUNDAY…Breezy. Partly sunny in the morning then becoming partly

cloudy. Highs in the mid 50s. West winds 10 to 20 mph increasing to

15 to 25 mph in the afternoon.

20 to 30 mph decreasing to 10 to 20 mph after midnight.

.MONDAY…Sunny. Highs around 60.

.MONDAY NIGHT…Clear. Lows around 30.

.TUESDAY…Sunny. Highs in the upper 60s.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows in the upper 30s.

Highs in the lower 70s.

.WEDNESDAY NIGHT…Partly cloudy. Lows around 40.

Highs in the mid 60s.

.THURSDAY NIGHT…Windy. Mostly cloudy. A 30 percent chance of rain

and snow. Lows around 30.

.FRIDAY…Partly sunny with a 30 percent chance of snow showers.

Highs around 50.

.FRIDAY NIGHT…Mostly cloudy. Windy. Lows around 30.

.SATURDAY…Partly cloudy. Highs in the upper 50s.

UTZ012-081215-

Including Price, Castle Dale, and Emery

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Mostly cloudy with scattered rain

showers and isolated thunderstorms. Lows in the mid 30s.

Northwest winds 15 to 25 mph after midnight. Chance of

precipitation 30 percent.

.SUNDAY…Partly sunny in the morning then becoming partly cloudy.

Highs in the mid 50s. Northwest winds 10 to 20 mph.

.SUNDAY NIGHT…Breezy. Mostly clear. Lows in the lower 30s.

Northwest winds 15 to 25 mph.

.MONDAY…Sunny. Highs around 60. Northwest winds 10 to 20 mph in

.MONDAY NIGHT…Clear. Lows in the mid 30s.

.TUESDAY…Sunny. Highs in the mid 60s.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows around 40. Highs

around 70.

.WEDNESDAY NIGHT…Partly cloudy. Lows around 40.

around 60.

.THURSDAY NIGHT…Mostly cloudy with a 30 percent chance of snow.

Lows around 30.

in the upper 40s.

.SATURDAY…Sunny. Highs in the mid 50s.

UTZ013-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Mostly cloudy with isolated showers

and thunderstorms. Lows in the lower 40s. Northwest winds 15 to

25 mph late. Chance of precipitation 20 percent.

in the upper 60s. Northwest winds 10 to 20 mph in the afternoon.

.SUNDAY NIGHT…Clear, colder. Lows around 30. North winds 10 to

20 mph in the evening.

.MONDAY…Sunny. Highs in the upper 60s.

.MONDAY NIGHT…Clear. Lows in the lower 30s.

.TUESDAY…Sunny. Highs in the mid 70s.

.WEDNESDAY…Partly sunny. Highs in the lower 80s.

upper 40s. Highs in the lower 70s.

.FRIDAY AND FRIDAY NIGHT…Partly cloudy. Highs in the upper 50s.

Lows in the mid 30s.

.SATURDAY…Sunny. Highs in the upper 60s.

UTZ014-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Breezy. Mostly cloudy with scattered rain

showers and isolated thunderstorms. Lows in the mid 30s. West

winds 15 to 25 mph shifting to the northwest 10 to 20 mph after

midnight. Chance of precipitation 40 percent.

around 60. Northwest winds 10 to 20 mph late morning through

.SUNDAY NIGHT…Mostly clear. Lows in the lower 30s. Northwest winds

10 to 20 mph early in the evening.

.MONDAY…Sunny. Highs in the lower 60s.

.MONDAY NIGHT…Clear. Lows in the mid 30s.

.TUESDAY…Sunny, warmer. Highs in the mid 70s.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows in the lower 40s.

Highs in the mid 70s.

Highs around 60.

in the mid 20s.

in the mid 40s.

.SATURDAY…Sunny. Highs around 60.

UTZ015-081215-

1148 PM MDT Sat Apr 7 2018

showers and isolated thunderstorms. Lows in the upper 30s. West

winds 10 to 20 mph shifting to the northwest 15 to 25 mph after

midnight. Chance of precipitation 40 percent.

20 mph late morning through afternoon.

.SUNDAY NIGHT…Mostly clear. Lows in the lower 30s. Northwest winds

10 to 20 mph.

.MONDAY…Sunny. Highs around 60.

.TUESDAY NIGHT AND WEDNESDAY…Mostly cloudy. Lows in the mid 40s.

Highs in the upper 70s.

Highs in the upper 50s.

.THURSDAY NIGHT…Mostly cloudy. A 40 percent chance of rain and

snow. Lows in the lower 30s.

.FRIDAY…Partly sunny. Highs around 50.

.FRIDAY NIGHT AND SATURDAY…Partly cloudy. Lows in the lower 30s.

Highs around 60.

UTZ016-081215-

1148 PM MDT Sat Apr 7 2018

isolated thunderstorms. Lows in the mid 30s. Chance of

precipitation 30 percent.

.SUNDAY…Sunny, cooler. Highs in the lower 60s.

.SUNDAY NIGHT…Clear. Lows around 30.

then a chance of rain and snow in the afternoon. Highs in the mid

50s. Chance of precipitation 40 percent.

.THURSDAY NIGHT…Mostly cloudy with a 30 percent chance of snow.

Lows in the upper 20s.

.FRIDAY…Partly sunny. Highs in the lower 50s.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Lows in the upper 20s.

Highs in the lower 60s.

UTZ517-081215-

1148 PM MDT Sat Apr 7 2018

showers, snow showers and isolated thunderstorms. Lows in the mid

20s. Northwest winds 15 to 25 mph. Chance of precipitation

40 percent.

Highs in the lower 40s.

Northwest winds 15 to 25 mph.

snow. Lows near 15.

.SATURDAY…Sunny. Highs in the lower 40s.

UTZ518-081215-

1148 PM MDT Sat Apr 7 2018

isolated thunderstorms. Lows around 30. Chance of precipitation

40 percent.

winds 15 to 25 mph.

.SUNDAY NIGHT…Breezy, clear. Lows in the mid 20s. Northwest winds

.MONDAY…Sunny. Highs around 60.

.THURSDAY…Partly cloudy. Windy. A chance of rain and snow in the

morning, then a chance of snow in the afternoon. Highs near 50.

Chance of precipitation 30 percent.

Lows near 20.

UTZ019-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Mostly cloudy with scattered rain showers and

isolated thunderstorms. Lows around 50. West winds 10 to 20 mph

after midnight. Chance of precipitation 40 percent.

.SUNDAY…Sunny, cooler. Highs in the upper 70s. West winds 10 to

20 mph in the afternoon.

.SUNDAY NIGHT…Clear. Lows in the mid 40s. West winds 10 to 20 mph

.MONDAY…Sunny. Highs around 80.

lower 50s. Highs in the upper 80s.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Lows in the lower 40s.

Highs in the mid 70s.

UTZ020-081215-

1148 PM MDT Sat Apr 7 2018

showers and isolated thunderstorms. Lows in the lower 40s. West

winds 15 to 25 mph after midnight. Chance of precipitation

40 percent.

25 mph in the afternoon.

.MONDAY…Sunny. Highs around 70.

mid 40s. Highs around 80.

.THURSDAY NIGHT…Mostly cloudy. Windy. Lows in the lower 30s.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Lows in the lower 30s.

Highs in the upper 60s.

UTZ021-081215-

1148 PM MDT Sat Apr 7 2018

.REST OF TONIGHT…Mostly cloudy with scattered rain showers and

isolated thunderstorms. Lows around 50. Northwest winds 10 to

20 mph. Chance of precipitation 30 percent.

.MONDAY…Sunny. Highs around 70.

.MONDAY NIGHT…Clear. Lows around 40.

50. Highs in the mid 70s.

.FRIDAY…Partly cloudy. Highs in the lower 60s.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Lows around 40. Highs in

For more information from NOAA’s National Weather Service visit…

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Tower Commercial Mortgage arranges $2.95M in Freddie Mac Financing for a 24-unit multifamily asset in Salt Lake City, Utah

Tower Commercial Mortgage, through one of its capital partners, recently arranged permanent financing for $2.95 million in Freddie Mac financing.

The financing was used to take out the construction loan for the newly built multifamily asset, Brickyard Apartments, that was stabilized in 2017, located in the Salt Lake City area. The originated loan features a 10-year term with a 10-year floating rate extension and a 30-year amortization schedule. The sponsor completed the 24-unit property in August 2017, and the property was stabilized in December 2017. Tower Commercial Mortgage had arranged the construction financing previously to construct the property. The borrowers were not disclosed.

The sponsor approached Tower Commercial Mortgage two years ago to find construction financing for the project. The sponsor had been looking for two years and was unable to secure financing. Tower Commercial Mortgage was able to secure construction financing within six weeks.

Mike De Carlo, President of Tower Commercial Mortgage, said, “We are thrilled with the outcome of this loan, as the project was a very successful project, and that the property’s sponsor couldn’t be happier.” He said, “Salt Lake City, Utah is rapidly growing and demand for housing is strong. There are many people moving in from outside the state, attracted to the many recreational activities the state of Utah offers. So new multifamily projects are necessary to keep up with the additional demand.”

Source Article

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Boyne Resorts to Acquire Ownership of Seven Resorts and Attractions

BOYNE FALLS, Mich., March 12, 2018 /PRNewswire-PRWeb/ — Boyne Resorts today announced an agreement with Ski Resort Holdings, LLC, an affiliate of Oz Real Estate, to acquire six mountain resorts and a scenic chairlift attraction currently leased by the resort company. As operator of the assets and owner of additional resorts, Boyne Resorts has a 70-year history of ski industry innovations and is the third largest mountain resort company in North America.

Included in the transaction are Brighton Resort in Big Cottonwood Canyon near Salt Lake City, Utah; Cypress Mountain in Vancouver, B.C.; Gatlinburg Sky Lift in Gatlinburg, Tennessee; Loon Mountain in New Hampshire; Sugarloaf and Sunday River resorts in Maine; and The Summit at Snoqualmie near Seattle, Washington. The transaction is expected to close later this year and well ahead of the 2018/19 ski season, once regulatory approvals are granted.

"Our intention all along has been to regain and acquire ownership of these resorts," said Stephen Kircher, president and chief executive officer of Boyne Resorts. "We are pleased to see this come to fruition and also really proud of our long-term achievements and diligence that primed us for this acquisition. Boyne Resorts has been a long-term operator of these assets—some for decades. This transaction therefore poses no business interruption or integration risk. This opportunity now at hand will enable us to accelerate and fine tune the execution of our reinvestment plans for these spectacular properties, which will boost our competitive advantages and support our focus on continuous enhancement of the guest experience."

"Boyne Resorts is a world-class owner and operator of ski resorts and attractions," said Steven E. Orbuch, founder and president of Oz Real Estate. "We have enjoyed our association with them during our ownership of these properties and wish them continued success in the future. We look forward to the consummation of this mutually beneficial transaction as it allows for Boyne Resorts to again fully control these resorts while resulting in a positive outcome for our investors."

Boyne Resorts and its eleven resorts and attractions are ideally positioned for continued and notable growth within the ski, outdoor recreation and resort industries. Founded in 1947, Boyne Resorts has maintained a heritage of innovation, highlighted by its recent unveiling of plans to install an eight-seat, high-speed chairlift at its Big Sky Resort in Montana—the first in North America. Development of patented and proprietary snowmaking systems, installation of the world’s first triple and quad, America’s first high-speed six-place chairlifts, and being the first to transform ski resorts into four-season operations are just a few examples of a lengthy list of additional innovative launches exemplifying the pioneering spirit that has been celebrated throughout the company’s history.

About Boyne Resorts – Boyne Resorts is the third largest mountain resort company in North America; founded in 1947 by Everett Kircher. A Michigan-based corporation, Boyne Resorts’ award-winning mountain and golf resorts and attractions located throughout the United States and Canada include Cypress Mountain near Vancouver, British Columbia, the official freestyle skiing and snowboard venue of the 2010 Olympic Winter Games, Sugarloaf and Sunday River Resort in Maine, Boyne Mountain, Boyne Highlands, Inn at Bay Harbor – Autograph Collection and Avalanche Bay Indoor Waterpark in Michigan, Big Sky Resort in Montana, Loon Mountain in New Hampshire, Gatlinburg Sky Lift in Tennessee, Brighton in Utah, and The Summit at Snoqualmie in Washington. For more information on Boyne Resorts, please visit https://www.boyneresorts.com.

About Oz Real Estate – Oz Real Estate, the real estate platform at Oz Management, was founded by Steven E. Orbuch in 2003 to make investments in real estate and real estate related assets across North America and Europe. The principals of Oz Real Estate have invested in over $9.0 billion of private real estate assets, including direct equity investments, preferred equity structures, mezzanine financing, and senior loans. Oz Real Estate’s portfolio has included over 20,000 hotel rooms, over 30,000 multifamily and residential units, and over 20 million square feet of retail and office properties. In addition, Oz Real Estate has developed expertise in certain niche real estate asset classes including gaming, healthcare, senior housing, cellular towers, ski resorts, and land development. For more information on Oz Real Estate, please see https://www.ozm.com.

SOURCE Boyne Resorts

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

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UT Salt Lake City UT Zone Forecast

—————

882 FPUS55 KSLC 281123 AAA

ZFPSLC

Zone Forecast Product for Utah…UPDATED

National Weather Service Salt Lake City UT

422 AM MST Wed Feb 28 2018

UTZ003-010000-

Salt Lake and Tooele Valleys-

Including Salt Lake City and Tooele

422 AM MST Wed Feb 28 2018

UPDATED

…WINTER STORM WATCH IN EFFECT FROM FRIDAY AFTERNOON THROUGH

LATE SATURDAY NIGHT…

.TODAY…Partly sunny. A 30 percent chance of light snow early

this morning. Highs around 40.

.TONIGHT…Cloudy. Lows in the lower 30s. Southeast winds 10 to

20 mph late.

.THURSDAY…Breezy. A slight chance of rain and snow showers in

the morning, then a chance of rain showers in the afternoon.

Cloudy. Highs in the upper 40s. South winds 15 to 25 mph. Chance

of precipitation 40 percent.

.THURSDAY NIGHT…Windy. A 20 percent chance of rain showers in

the evening. Mostly cloudy. Lows near 40. South winds 20 to 30 mph.

.FRIDAY…Windy. A chance of rain showers in the morning, then

rain and snow showers in the afternoon. Cloudy. Highs in the mid

to upper 40s. South winds 20 to 30 mph. Chance of precipitation

90 percent.

.FRIDAY NIGHT…Rain and snow early in the evening, then snow

by midnight. Lows around 30. West winds 10 to 20 mph in the

evening. Chance of precipitation near 100 percent.

.SATURDAY…Snow. Highs around 40. Chance of snow 90 percent.

.SATURDAY NIGHT…Snow. Lows near 30. Chance of snow 80 percent.

.SUNDAY…Mostly cloudy with a 40 percent chance of snow.

Highs in the mid 30s.

.SUNDAY NIGHT…Mostly cloudy. Lows in the lower 20s.

.MONDAY THROUGH TUESDAY…Partly cloudy. Highs in the lower 40s.

Lows in the mid 20s.

UTZ002-010000-

Northern Wasatch Front-

Including Brigham City, Ogden, and Bountiful

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

SATURDAY NIGHT…

.TODAY…Partly sunny. Highs in the upper 30s.

.TONIGHT…Cloudy. Lows in the upper 20s.

.THURSDAY…Breezy. A chance of snow showers in the morning, then

a chance of rain showers in the afternoon. Cloudy. Highs in the

mid 40s. South winds 15 to 25 mph. Chance of precipitation

50 percent.

.THURSDAY NIGHT…A 30 percent chance of rain and snow showers

in the evening. Mostly cloudy. Lows in the upper 30s. South winds

10 to 20 mph.

.FRIDAY…Breezy. Rain and snow showers in the morning, then snow

showers by the afternoon. Highs in the mid 40s. South winds 15 to

25 mph. Chance of precipitation near 100 percent.

.FRIDAY NIGHT…Snow, colder. Lows in the upper 20s. Northwest

winds 10 to 20 mph in the evening. Chance of snow near

100 percent.

.SATURDAY…Snow. Highs in the upper 30s. Chance of snow

90 percent.

.SATURDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of

snow 70 percent.

.SUNDAY…Mostly cloudy with a 40 percent chance of snow.

Highs in the lower 30s.

.SUNDAY NIGHT AND MONDAY…Mostly cloudy. Lows near 20.

Highs in the upper 30s.

.MONDAY NIGHT AND TUESDAY…Partly cloudy. Lows near 20.

Highs around 40. =

UTZ004-010000-

Southern Wasatch Front-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY AFTERNOON THROUGH

LATE SATURDAY NIGHT…

.TODAY…Partly cloudy. A 20 percent chance of light snow early

this morning. Highs around 40.

.TONIGHT…Mostly cloudy. Lows in the mid 20s.

.THURSDAY…A slight chance of rain and snow showers in the

morning, then rain showers likely in the afternoon. Cloudy.

Highs in the mid 40s. Chance of precipitation 60 percent.

.THURSDAY NIGHT…A 20 percent chance of rain and snow showers

in the evening. Mostly cloudy. Lows in the lower 30s. South winds

10 to 20 mph.

.FRIDAY…Breezy. A chance of rain and snow showers in the

morning, then rain and snow showers in the afternoon. Cloudy.

Highs around 50. Southeast winds 15 to 25 mph becoming south

10 to 20 mph in the afternoon. Chance of precipitation 90

percent.

.FRIDAY NIGHT…Rain and snow early in the evening, then snow

likely by midnight. Lows around 30. Southwest winds 10 to 20 mph

in the evening. Chance of precipitation near 100 percent.

.SATURDAY…Snow. Highs in the lower 40s. Chance of snow

90 percent.

.SATURDAY NIGHT…Snow likely. Lows in the upper 20s. Chance of

snow 70 percent.

.SUNDAY…Snow likely. Highs in the mid 30s. Chance of snow

60 percent.

.SUNDAY NIGHT…Mostly cloudy. Lows near 15.

.MONDAY THROUGH TUESDAY…Partly cloudy. Highs in the lower 40s.

Lows near 20.

UTZ001-010000-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly sunny. Highs in the mid 30s.

.TONIGHT…Cloudy. Lows near 20.

Highs in the mid 40s. South winds 10 to 20 mph in the afternoon.

.THURSDAY NIGHT…A chance of rain and snow showers in the

evening, then a slight chance of rain and snow showers after

midnight. Cloudy. Lows in the lower 30s. Chance of precipitation

30 percent.

.FRIDAY…Rain and snow showers early in the morning, then snow

showers by the afternoon. Highs in the lower 40s. Southwest winds

10 to 20 mph in the afternoon. Chance of precipitation near 100

percent.

.FRIDAY NIGHT…Snow. Lows in the mid 20s. Chance of snow near

100 percent.

.SATURDAY…Snow. Highs in the mid 30s. Chance of snow 80 percent.

.SATURDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of

snow 60 percent.

.SUNDAY…Mostly cloudy with a 30 percent chance of snow.

Highs in the lower 30s.

.SUNDAY NIGHT AND MONDAY…Mostly cloudy. Lows 15 to 20.

Highs in the mid 30s.

.MONDAY NIGHT AND TUESDAY…Partly cloudy. Lows near 15.

Highs around 40.

UTZ005-010000-

Including Wendover and Snowville

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly cloudy in the morning then becoming partly sunny.

Highs around 40.

.TONIGHT…Cloudy. Lows in the mid 20s.

.THURSDAY…Breezy. A chance of rain and snow showers in the

morning, then a slight chance of rain and snow showers in the

afternoon. Cloudy. Highs in the mid to upper 40s. South winds

15 to 25 mph. Chance of precipitation 30 percent.

rain showers. Lows in the lower 30s. South winds 20 to 30 mph.

winds 10 to 20 mph shifting to the northwest 15 to 25 mph in the

afternoon. Chance of snow 90 percent.

.FRIDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of snow

60 percent.

.SATURDAY…Cloudy. A 50 percent chance of snow. Highs in the

mid 30s.

Lows near 20.

.SUNDAY…Partly sunny. Highs in the lower 30s.

.SUNDAY NIGHT AND MONDAY…Partly cloudy. Lows 10 to 15.

Highs in the upper 30s.

.MONDAY NIGHT AND TUESDAY…Partly cloudy. Lows near 20.

Highs around 40.

UTZ006-010000-

Wasatch Mountain Valleys-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY AFTERNOON THROUGH

.TODAY…Partly cloudy in the morning then becoming partly sunny.

Highs in the mid 30s.

.TONIGHT…Mostly cloudy. Lows near 20.

Highs in the lower 40s. South winds 15 to 25 mph.

.THURSDAY NIGHT…Breezy. A chance of snow showers in the evening,

then a slight chance of snow showers after midnight. Mostly cloudy.

Lows in the upper 20s. South winds 15 to 25 mph. Chance of snow

30 percent.

then snow showers in the afternoon. Highs in the mid 40s.

South winds 15 to 25 mph. Chance of precipitation 90 percent.

.FRIDAY NIGHT…Snow. Lows in the mid 20s. West winds 10 to

20 mph in the evening. Chance of snow near 100 percent.

.SATURDAY…Snow. Highs in the upper 30s. Chance of snow

90 percent.

70 percent.

.SUNDAY…Mostly cloudy with a 50 percent chance of snow.

Highs around 30.

.SUNDAY NIGHT…Mostly cloudy. Lows 10 to 15.

.MONDAY AND MONDAY NIGHT…Partly cloudy. Highs in the mid 30s.

Lows near 15.

.TUESDAY…Partly cloudy. Highs around 40.

UTZ007-010000-

Wasatch Mountains I-80 North-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly sunny. Highs around 30.

.TONIGHT…Mostly cloudy. Lows 5 to 10 above.

.THURSDAY…A slight chance of snow showers in the morning, then

a chance of snow showers in the afternoon. Cloudy. Highs in the

mid 30s. Chance of snow 50 percent.

.THURSDAY NIGHT…A chance of snow showers in the evening, then a

slight chance of snow showers after midnight. Mostly cloudy. Lows

in the mid 20s. Chance of snow 30 percent.

15 to 25 mph in the afternoon. Chance of snow near 100 percent.

.FRIDAY NIGHT…Snow. Lows near 20. Chance of snow 90 percent.

.SATURDAY…Snow. Highs in the lower 30s. Chance of snow

80 percent.

60 percent.

.SUNDAY…Mostly cloudy with a 30 percent chance of snow.

Highs in the mid 20s.

.SUNDAY NIGHT AND MONDAY…Mostly cloudy. Lows 5 to 10 above.

Highs in the upper 20s.

.MONDAY NIGHT AND TUESDAY…Partly cloudy. Lows 5 to 10 above.

Highs in the lower 30s.

UTZ008-010000-

Wasatch Mountains South of I-80-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly cloudy with a 30 percent chance of light snow

early this morning. Becoming partly sunny this afternoon.

Highs in the mid 20s.

.TONIGHT…Cloudy. Lows 15 to 20.

.THURSDAY…Breezy. A chance of snow showers in the morning, then

snow showers likely in the afternoon. Cloudy. Accumulation up to

2 inches. Highs around 30. South winds 15 to 25 mph. Chance of

snow 70 percent.

.THURSDAY NIGHT…Windy. Cloudy with a 50 percent chance of snow

showers. Lows in the lower 20s. South winds 20 to 30 mph.

showers in the afternoon. Highs in the mid 30s. South winds

20 to 30 mph increasing to 25 to 35 mph in the afternoon.

Chance of snow near 100 percent.

.FRIDAY NIGHT…Breezy, snow. Lows near 20. Southwest winds

15 to 25 mph in the evening. Chance of snow near 100 percent.

.SATURDAY…Snow. Highs in the mid 20s. Chance of snow near

100 percent.

.SATURDAY NIGHT…Snow. Lows 10 to 15. Chance of snow 90 percent.

.SUNDAY…Snow. Highs near 15. Chance of snow 80 percent.

.SUNDAY NIGHT…Mostly cloudy. Lows 5 to 10 above.

.MONDAY AND MONDAY NIGHT…Partly cloudy. Highs in the lower 20s.

Lows near 10.

.TUESDAY…Partly cloudy. Highs around 30.

UTZ009-010000-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly cloudy. Highs around 30.

.TONIGHT…Mostly cloudy. Lows 5 to 10 above.

.THURSDAY…A chance of snow showers in the morning, then snow

showers likely in the afternoon. Cloudy. Little or no

accumulation. Highs in the mid 30s. Chance of snow 60 percent.

.THURSDAY NIGHT…Breezy. Cloudy with a 50 percent chance of snow

showers. Lows near 20. South winds 15 to 25 mph.

.FRIDAY…Breezy. A chance of snow showers in the morning, then

snow showers in the afternoon. Cloudy. Highs around 40.

Southwest winds 15 to 25 mph. Chance of snow 90 percent.

20 to 30 mph in the evening. Chance of snow near 100 percent.

.SATURDAY…Snow. Highs around 30. Chance of snow near

100 percent.

.SATURDAY NIGHT…Snow. Lows near 10. Chance of snow 80 percent.

.SUNDAY…Mostly cloudy with a 50 percent chance of snow.

Highs near 20.

.SUNDAY NIGHT…Mostly cloudy with a 30 percent chance of snow.

Lows zero to 5 above.

.MONDAY AND MONDAY NIGHT…Partly cloudy. Highs in the upper 20s.

Lows zero to 5 above.

.TUESDAY…Partly cloudy. Highs in the lower 30s.

UTZ010-010000-

422 AM MST Wed Feb 28 2018

…WINTER STORM WATCH IN EFFECT FROM FRIDAY MORNING THROUGH LATE

.TODAY…Partly cloudy. Highs around 30.

.TONIGHT…Mostly cloudy. Lows 15 to 20.

.THURSDAY…A slight chance of snow showers in the morning,

then snow showers likely in the afternoon. Cloudy. Accumulation

1 inch. Highs in the mid 30s. Chance of snow 60 percent.

.THURSDAY NIGHT…A chance of snow showers in the evening, then

a slight chance of snow showers after midnight. Mostly cloudy.

Lows in the lower 20s. Chance of snow 40 percent.

.FRIDAY…A chance of snow showers in the morning, then snow

showers likely in the afternoon. Mostly cloudy. Highs near 40.

Chance of snow 70 percent.

.FRIDAY NIGHT…Windy. Snow in the evening, then snow likely

after midnight. Lows in the lower 20s. Southwest winds 20 to

30 mph in the evening. Chance of snow 90 percent.

.SATURDAY…Snow. Highs in the upper 30s. Chance of snow

90 percent.

.SATURDAY NIGHT…Snow likely. Lows 15 to 20. Chance of snow

70 percent.

.SUNDAY…Mostly cloudy with a 50 percent chance of snow.

Highs in the lower 20s.

.SUNDAY NIGHT…Mostly cloudy. Lows 5 to 10 above.

.MONDAY AND MONDAY NIGHT…Partly cloudy. Highs around 30.

Lows near 10.

.TUESDAY…Partly cloudy. Highs in the mid 30s.

UTZ011-010000-

422 AM MST Wed Feb 28 2018

.TODAY…Sunny. Highs in the lower 40s.

.TONIGHT…Mostly cloudy. Lows in the mid 20s.

.THURSDAY…A 20 percent chance of snow showers in the afternoon.

Mostly cloudy. Highs in the lower 40s.

.THURSDAY NIGHT…A 20 percent chance of snow showers in the

evening. Mostly cloudy. Lows in the mid 20s.

.FRIDAY…Mostly cloudy with a 20 percent chance of snow showers.

Highs around 50.

.FRIDAY NIGHT…Cloudy with a 50 percent chance of rain and snow

showers. Lows in the upper 20s. Southwest winds 10 to 20 mph in

.SATURDAY…Cloudy with a 50 percent chance of snow showers.

Highs in the mid 40s.

.SATURDAY NIGHT…Mostly cloudy with a 50 percent chance of snow.

Lows in the upper 20s.

.SUNDAY…Mostly cloudy with a 30 percent chance of snow.

Highs in the mid 30s.

.SUNDAY NIGHT…Partly cloudy. Lows near 15.

.MONDAY…Sunny. Highs in the lower 40s.

.MONDAY NIGHT…Partly cloudy. Lows near 20.

.TUESDAY…Sunny. Highs in the mid 40s.

UTZ012-010000-

Including Price, Castle Dale, and Emery

422 AM MST Wed Feb 28 2018

.TODAY…Sunny. Highs in the lower 40s. West winds 10 to 20 mph.

.THURSDAY…A 20 percent chance of snow showers in the afternoon.

Mostly cloudy. Highs around 40.

.THURSDAY NIGHT…Mostly cloudy with a 20 percent chance of snow

showers in the evening, then partly cloudy after midnight.

Lows in the mid 20s.

.FRIDAY…Mostly cloudy with a 20 percent chance of snow showers.

Warmer. Highs in the lower 50s. Southeast winds 10 to 20 mph in

.FRIDAY NIGHT…A 40 percent chance of snow showers in the

evening. Mostly cloudy. Lows around 30. South winds 10 to 20 mph

showers. Highs in the mid 40s.

.SATURDAY NIGHT…Snow likely. Lows in the mid 20s. Chance of

snow 60 percent.

Highs in the lower 30s.

.SUNDAY NIGHT…Partly cloudy. Lows near 15.

Lows near 20.

UTZ013-010000-

422 AM MST Wed Feb 28 2018

.TODAY…Sunny. Highs in the mid 50s.

.TONIGHT…Partly cloudy. Lows in the lower 20s.

.THURSDAY…Partly sunny. Highs in the mid 50s.

.THURSDAY NIGHT…Mostly cloudy in the evening then clearing.

Lows in the upper 20s. South winds 10 to 20 mph.

15 to 25 mph in the afternoon.

South winds 15 to 25 mph in the evening.

.SATURDAY…Partly cloudy. Highs in the mid 50s.

Highs in the mid 40s.

.SUNDAY NIGHT…Partly cloudy. Lows near 20.

Lows near 20.

.TUESDAY…Sunny. Highs in the mid 50s.

UTZ014-010000-

422 AM MST Wed Feb 28 2018

.TODAY…Partly cloudy. Highs in the lower 40s.

.THURSDAY…A 20 percent chance of rain showers in the afternoon.

Mostly cloudy. Highs in the mid 40s.

.THURSDAY NIGHT…Partly cloudy. Lows around 30.

.FRIDAY…Breezy. Partly cloudy with a slight chance of rain and

snow showers in the morning, then mostly cloudy with a chance of

rain showers in the afternoon. Highs in the lower 50s. South

winds 15 to 25 mph. Chance of precipitation 30 percent.

.FRIDAY NIGHT…A chance of rain showers in the evening, then a

chance of rain and snow showers after midnight. Mostly cloudy.

Lows around 30. South winds 10 to 20 mph in the evening.

Chance of precipitation 30 percent.

.SATURDAY…Rain and snow showers likely. Highs in the mid 40s.

Chance of precipitation 60 percent.

.SATURDAY NIGHT…Snow likely. Lows in the lower 20s. Chance of

snow 70 percent.

Highs in the lower 30s.

.MONDAY AND MONDAY NIGHT…Mostly clear. Highs in the lower 40s.

Lows near 20.

.TUESDAY…Sunny. Highs around 50.

UTZ015-010000-

422 AM MST Wed Feb 28 2018

.TODAY…Partly cloudy. Highs around 40.

.TONIGHT…Mostly cloudy. Lows in the mid 20s.

.THURSDAY…A slight chance of rain and snow showers in the

morning, then a chance of showers in the afternoon. Mostly

cloudy. Highs in the mid 40s. South winds 10 to 20 mph late

morning through afternoon. Chance of precipitation 30 percent.

.THURSDAY NIGHT…Breezy. Mostly cloudy in the evening then

becoming partly cloudy. Lows in the lower 30s. South winds

15 to 25 mph.

and snow showers. Highs around 50. South winds 20 to 30 mph.

.FRIDAY NIGHT…Breezy. Rain likely in the evening, then a chance

of rain and snow showers after midnight. Cloudy. Lows near 30.

South winds 15 to 25 mph in the evening. Chance of precipitation

60 percent.

Chance of precipitation 80 percent.

.SATURDAY NIGHT…Snow likely. Lows in the lower 20s.

Chance of snow 60 percent.

.SUNDAY…Mostly cloudy. Highs in the mid 30s.

.MONDAY…Sunny. Highs around 40.

Highs in the mid 40s.

UTZ016-010000-

422 AM MST Wed Feb 28 2018

.TONIGHT…Mostly cloudy. Lows in the lower 20s.

afternoon. Partly sunny. Highs in the mid 40s. South winds

10 to 20 mph increasing to 20 to 30 mph in the afternoon.

Southwest winds 15 to 25 mph.

Partly cloudy in the morning then becoming partly sunny. Highs

around 50. South winds 15 to 25 mph increasing to 20 to 30 mph

of rain and snow showers. Lows in the lower 30s. Southwest winds

20 to 30 mph becoming south 10 to 20 mph after midnight.

showers. Highs in the mid 40s.

60 percent.

Highs in the mid 30s.

.MONDAY AND MONDAY NIGHT…Mostly clear. Highs in the lower 40s.

UTZ517-010000-

422 AM MST Wed Feb 28 2018

.TODAY…Sunny. Highs around 30.

.TONIGHT…Becoming mostly cloudy. Lows 15 to 20.

then a chance of snow showers in the afternoon. Mostly cloudy.

Highs in the upper 30s. Chance of snow 30 percent.

showers in the morning, then partly sunny with a chance of snow

showers in the afternoon. Highs around 40. South winds 20 to

30 mph in the afternoon. Chance of snow 30 percent.

of snow showers. Lows near 20. Southwest winds 20 to 30 mph.

Chance of snow 60 percent.

70 percent.

Lows 5 to 10 above.

UTZ518-010000-

422 AM MST Wed Feb 28 2018

.TONIGHT…Partly cloudy in the evening then becoming mostly

cloudy. Lows 10 to 15.

cloudy in the morning then becoming partly sunny. Highs in the

lower 40s. South winds 15 to 25 mph in the afternoon.

snow showers. Lows in the lower 20s. South winds 15 to 25 mph.

70 percent.

Highs in the upper 20s.

.MONDAY AND MONDAY NIGHT…Mostly clear. Highs in the mid 30s.

Lows 5 to 10 above.

UTZ019-010000-

422 AM MST Wed Feb 28 2018

Partly cloudy. Highs in the lower 60s. East winds 10 to 20 mph

shifting to the south in the afternoon.

rain showers. Lows around 40. Southwest winds 15 to 25 mph in

Lows in the mid 30s.

.MONDAY AND MONDAY NIGHT…Mostly clear. Highs in the upper 50s.

UTZ020-010000-

422 AM MST Wed Feb 28 2018

10 to 20 mph in the afternoon.

15 to 25 mph in the afternoon.

Partly cloudy in the evening then becoming mostly cloudy.

Lows in the mid 30s. Southwest winds 15 to 25 mph becoming

.SATURDAY NIGHT…Rain and snow likely. Lows in the upper 20s.

Chance of precipitation 60 percent.

Highs around 40.

Lows in the mid 20s.

UTZ021-010000-

422 AM MST Wed Feb 28 2018

Highs around 50.

.TONIGHT…Mostly clear. Lows in the lower 30s.

.THURSDAY…Partly cloudy in the morning then becoming partly

sunny. Highs in the mid 50s.

.SATURDAY AND SATURDAY NIGHT…Partly cloudy. Highs in the

upper 50s. Lows in the mid 30s.

Lows in the upper 20s.

For more information from NOAA’s National Weather Service visit…

Posted on Wednesday, February 28, 2018 6:26 am. Updated: 6:47 am.

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jeffsvideo · 7 years ago

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Mild winter helping speed up construction

SALT LAKE CITY, Utah (News4Utah) – While the warm weather and lack of snow this winter has been bad for many Utah industries. It has helped construction crews stay on track. With road maintenance happening earlier in the year there is hope it will prevent damage from coming snow storms.

UDOT Spokesperson Zach Whitney said Friday that while the mild weather doesn’t mean the project will finish ahead of schedule. He notes it does help keep them on schedule.

"A lot of our projects have taken the opportunity to get in there and get as much work done as we can," said Whitney.

One of the biggest advantages for road crews is their ability to get a jump on filling potholes and chip sealing. Crews usually don’t have the time during the season to focus on maintenance.

"They’re usually out there in the plows," said Whitney, "and without snow to remove they’re able to focus their efforts on some of the preventative maintenance."

By chip sealing the roads before Sunday’s big snow storm it may prevent further damage this winter.

Road construction isn’t the only sector seeing a benefit. Major projects like the airport and large housing developments say the warm temperatures have also helped keep them on track as well.

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jeffsvideo · 7 years ago

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Kennedy-Wilson (KW) Announces Acquisition of Two Multifamily Properties in Salt Lake City, Utah for $93M

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Global real estate investment company Kennedy Wilson (NYSE: KW) has acquired two wholly owned multifamily properties off market in Salt Lake City, Utah: Santa Fe Apartments, a 492-unit community in Cottonwood Heights for $79.5 million; and Creekview Apartments, an 88-unit community in Midvale for $13.0 million. The properties join KW’s multifamily portfolio focused on institutional quality garden-style apartment communities located near rapidly growing markets in the western United States.

KW invested $21.5 million of equity, including closing costs, in Santa Fe and secured a 10-year fixed-rate loan of $59.1 million at 3.9%. KW invested $4.8 million of equity, including closing costs, and secured an $8.6 million interest-only loan at L+1.6% for Creekview. The equity investments for both acquisitions use proceeds generated through a reverse 1031 exchange.

“With its dynamic economic climate, well-run state government and highly educated workforce, Salt Lake City consistently emerges as a compelling market for real estate investment,” said Shem Streeter, Managing Director at KW. “We continue to see strong interest from millennials and many other groups of renters in easily accessible suburban locations based on relative affordability and proximity to both high paying employers and outdoor recreation.”

Located just one mile apart, Santa Fe and Creekview both benefit from immediate access to the I-215 freeway, proximity to high-end grocers Whole Foods and Trader Joe’s, and easy access to neighboring retail centers with tenants including Walmart, Target and Bed, Bath & Beyond. Salt Lake City is widely considered the capital of industrial banking in the United States, home to prominent companies including Morgan Stanley, Goldman Sachs, Ally Bank and Target Bank. The region is also a part of the growing technology community referred to as “Silicon Slopes,” a combination of information technology, software development, hardware manufacturing and research firms.

Positioned on nearly 23 acres, Santa Fe offers both market rate and affordable units within one and two-bedroom layouts at an average 790 square feet. Creekview’s entirely market-rate offerings include both one and two-bedroom layouts at an average 850 square feet. Beginning immediately, KW plans to initiate its value-add asset management plan, including investing $5.3 million across both properties in interior unit renovations, upgrades to the fitness center, sport court, leasing center and other common area enhancements.

Santa Fe and Creekview add to KW’s growing multifamily presence in the Salt Lake City area, which now totals 1,396 multifamily units with a trailing 12-months NOI of $14 million, including Foothill Place and the Sandpiper Apartments.

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jeffsvideo · 8 years ago

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Utah lawmakers to take on taxes, Medicaid, DUI law this year

SALT LAKE CITY (AP) — Utah lawmakers kicked off their annual whirlwind legislative session Monday with plans to dig in on tax reform, Medicaid and more.

Chief among lawmakers’ priorities will be setting a budget that sends significant money to education, with a hope to boost Utah’s low per-pupil spending and stave off a ballot initiative led by a group of business leaders that would hike Utah taxes to pay for schools.

House Speaker Greg Hughes and Senate President Wayne Niederhauser, both Republicans, used their opening addresses to lay out some other priorities for the year, including affordable housing, congested highways and tackling the opioid crisis.

Lawmakers have more than 1,000 bills in the works and will only pass about 500 before the session ends March 8 at midnight.

Here’s some of the big issues they’re expected to take on over the next 45 days:

TAX REFORM

Utah lawmakers are still trying to determine how the major rewrite of the U.S. government’s tax laws will change the state system, which is tied to the federal tax code. But even before Congress took up reform last year, Utah legislators began making plans to revisit the state’s tax laws and make their own major changes in 2018. Legislators have more than two dozen tax-related bills in the works, including a proposal that would eliminate the 1.75 percent state sales tax on groceries. The proposal from Rep. Tim Quinn would also raise Utah’s overall sales tax rate up to 4.94 percent from its current 4.7 percent rate. Republican Sen. Howard Stephenson of Draper says legislators may make changes to Utah’s income tax laws, from tweaking or eliminating exemptions or deductions or even dropping the 5 percent rate.

DUI LAW

Last year, Utah passed a law to adopt the strictest DUI threshold in the country, a 0.05 percent limit that’s set to take effect Dec. 30. The hospitality and ski industry panned the law, saying it could target responsible drinkers after one alcoholic beverage and exacerbate Utah’s reputation as a Mormon-dominated state where it’s tough to get a drink. Proponents of the new law, including the National Transportation Safety Board, say people start to become impaired with a first drink and shouldn’t be driving. Gov. Gary Herbert says he wants lawmakers to consider a tiered punishment system so that a DUI for a driver with a blood alcohol level above 0.08 will face steeper punishments. Lawmakers and a state substance abuse council couldn’t agree on how to change the law, but legislators are still expected to make tweaks and possibly lessen penalties. Rep. Norm Thurston, who led the passage of the stricter standard, is planning to remove a provision that barred newly-licensed drivers from having a drop of alcohol in their system after officials realized it not only applied to young drivers but to immigrants and older adults who get new licenses.

MEDICAID

Utah declined to take up an offer under the Affordable Care Act to expand Medicaid to its working poor, with the U.S. government picking up most of the cost. State lawmakers, concerned about their share of the program’s costs, instead passed a very limited Medicaid plan covering a sliver of the state’s poorest who are homeless or need mental health or substance abuse treatment, particularly those in the criminal justice system. But as the Trump administration has offered to be more flexible with Medicaid rules, including recently allowing states to require participants to work to get coverage, Utah lawmakers are planning to take another look this year. Rep. Robert Spendlove, R-Sandy, is working on legislation that would expand Medicaid up to the federal poverty line. That’s still less than the Obama administration wanted but would cover a gap of Utah’s poor who aren’t eligible for any subsidized insurance right now. Spendlove said his plan would include work requirements and some kind of spending or enrollment caps.

___

Follow Price on Twitter at https://twitter.com/michellelprice

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