CBRE/Melody announced Tuesday that it arranged financing for Walker Center Associates' purchase and renovation of the Walker Center and its adjacent parking facility.
Walker Center Associates said last Friday it had purchased the Walker Center, 175 S. Main, from GP2B, a Washington-based company. Walker Center Associates is a group of private investors, the majority of whom are native Utahns or people with personal or professional interests in the state.
According to a statement released by CBRE, financing for the center consisted of two components: a $14.75 million bridge loan, nonrecourse, interest only, with a five-year term; and a $2 million loan from the Salt Lake Redevelopment Agency.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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