April 10, 2014

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Salt Lake Area

April 10, 2014



Salt Lake Being Considered for Google Fiber

By Devin Felix

Salt Lake City – GOOGLE FIBER may be coming to SALT LAKE CITY. City officials and Google representatives announced that Salt Lake is one of nine metro areas under consideration to be a site of Google’s super-fast fiber optic network, which delivers internet connectivity to homes at speeds up to 100 times faster than the basic broadband speeds now available throughout most of the country.

The announcement marks the beginning of a six- to nine-month process to determine whether the city is a good fit for fiber. This will include assessing the existing infrastructure, hearing residents’ input and determining what obstacles might get in the way of construction, says Michael Slinger, director of business operations for Google Fiber.

If the company and the city decide to go forward at the end of the assessment period, Google will begin the engineering, design and construction process, which will take about a year. If all goes perfectly, the first Salt Lake customers will begin receiving Fiber service in early 2016, Slinger says. The nine metro areas under consideration aren’t in competition with one another, and all of them could end up with the service.

Salt Lake City Mayor Ralph Becker says his office will work to ensure that Google Fiber comes to the city. “What this will mean to our residents is enormous,” he says.

Last year, Provo became one of the first cities to receive Google Fiber when the company bought the IPROVO network, which was already mostly in place. Because Google was able to use existing fiber optic infrastructure, customers in Provo are already receiving service.

 

222 Main Building Sells in Record-breaking Transaction

Salt Lake City – The 426,657-square-foot downtown office building 222 Main sold in the largest single-asset commercial real estate transaction in Utah’s history. The building was sold by Chicago-based Hamilton Partners, which developed the property, to KBS of Newport, Calif. CUSHMAN & WAKEFIELD | COMMERCE facilitated the sale.

222 Main has LEED Gold certification, Energy Star rating, state-of-the art infrastructure, energy efficient fixtures and green building materials. The property is currently 85 percent leased to tenants including GOLDMAN SACHS, HOLLAND AND HART and others. The Cushman & Wakefield | Commerce team was led by Tim Richey, vice chairman of the capital markets group in Denver.

“The sale of this premier office building is the largest deal Salt Lake City has seen to date,” Richey says. “The competition for this stunning property was extremely active because everything about it from the tenants, its location, its energy efficiency, to its gorgeous design all add up to make it exceptionally appealing to investors.”

Salt Lake City – LUNASOFT opened a website and online software store downtown. The store provides face-to-face support to website owners looking to create and manage their website, blog, social media, email newsletters, CRM and more.

Salt Lake City – C.R. ENGLAND signed a multi-year liquefied natural gas (LNG) bulk fueling agreement to be supplied by Shell. C.R. England will replace existing diesel trucks with LNG-powered trucks using the new 12-liter spark-ignited ISX engine.

Salt Lake City – LAYTON CONSTRUCTION CO, INC. was named 2013 Contractor of the Year by the State of Utah Division of Facilities Construction and Management (DFCM). The award was based on the completion of construction projects including the Veterans Administration (VA) Nursing Homes in Payson and Ivins.

Salt Lake City – Sphere 3D Corporation entered into a definitive agreement to acquire Salt Lake-based V3 SYSTEMS, INC., the

creator of the Desktop Cloud Orchestrator software.

South Jordan – HEADWATERS INCORPORATED supplied high-quality fly ash to a Los Angeles construction project that set a new world record for largest continuous pour of concrete by volume. Crews placed 21,200 cubic yards of concrete for the foundation of the Wilshire Grand building.

Salt Lake City – Representatives and members of the BUILDING OWNERS AND MANAGERS ASSOCIATION (BOMA) OF UTAH visited the U.S. Capitol to talk to Utah’s delegation of senators and representatives on behalf of Utah commercial real estate. They were in Washington for the 2014 National Issues Conference, which was hosted by BOMA International.

Salt Lake City – Silverado Power completed a merger with independent solar power producer SUSTAINABLE POWER GROUP. The newly created entity is called SPOWER and maintains offices in Salt Lake City and San Francisco.

Salt Lake City – DENTAL SELECT released a new mobile ID card app for smart phones. The app provides quick access to dental and vision ID cards, allowing users to save or email virtual ID cards.

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