Blog


Thoughts on industrial real estate, bbq recipes and other meaningful things. 

IPG Gives Back

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IPG donates a portion of proceeds from every deal we complete to various charity organizations.  We have invited our clients to join in on the giving.   With that help, we hope to reach our goal of donating $10,000 to charitable causes by Thanksgiving.

For any deal we complete in 2015, we will match up to an additional $500 to be given to one of the charities below, or to a charity of our clients choice.   

If you would like any additional information on our charitable giving, please contact erica@ipgcre.com

Committed Developers Given a Chance at Downtown Land

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The U.S. General Services Administration will be giving the old SLC Motor Pool Building to a private developer in exchange for updating the Ogden's Federal Building on 324 25th Street. 

The Motor Pool Building is on a 1.54 acre lot at 330 E 200 S and has been previously used as storage space for the FBI. The city hopes to have the prospected developer build housing units with a mixture of retail and open space.

The request by the GSA calls for a developer who is committed to not only revamping the lot in Salt lake but also modernizing and updating the Ogden building as well. It's a chance to invest and reinvent the area no only in Salt Lake but in Ogden as well. 

October 9th is the date potential interested developers will meet at the motor-pool site. They will be meeting at 9:30 a.m. 

Click the link below to read more about the article and more info on the Motor Pool bids. 

1. http://www.sltrib.com/blogs/therealtyshow/2962544-155/attention-developers-feds-have-prime-property

2. http://www.gsa.gov/portal/category/105567

Salt Lake City Impact Fees…The Bane of Industrial Development in our City

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 I attended my neighborhood council meeting last night.  This is something I have not done for quite a while, and it was actually very interesting.

The largest portion of time was spent discussing the current strategy on impact fees.  The mayor is proposing a 1 year moratorium on impact fees.  This would be huge for new development activity, but I can’t imagine those developers that got charged the fees just prior to the moratorium will take the news sitting down.  By not paying the $2.64/building square foot fees, a new development in Salt Lake City would have an effective rental rate advantage of about $.02/SF per month, over those that had to pay the fee. That might not sound like much, but in the uber competitive industrial real estate market $.02/SF per month on a big box warehouse could mean 100’s of thousands of dollars in savings over the course of a lease for the tenant.  The Mayor and City Council will be holding a series of meetings in the coming month to discuss the issues and determine a plan moving forward.

 See this link for more details on recent impact fee discussions at the city: http://www.sltrib.com/home/2983254-155/salt-lake-city-exploring-moratorium-on

9/11 Memorial

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I don't know a single person who doesn't remember the exact moment they found out about the planes hitting the twin towers. I was in 7th grade, my friend and her father had come to pick me up for school. As we climbed into the car, her father told me that before they left the house they had seen the announcement on TV. Being the naive 12 year old that I was, the impact of the situation didn't fully hit me. It wasn't until first period where all the students were gathered up in the gym to watch the news reports... I remember sitting on the cold hard gym floor watching report after report with footage showing the planes hitting the towers, slowly realizing what a terrible and horrific thing had happened.

This past weekend I had the opportunity to travel to New York with my mom and my sister. We took a red eye flight in, and arrived there early in the morning on 9/11. After a full day of sight seeing, our last stop of the evening was the world trade center memorial. I can't explain the feeling of reverence that surrounded the place. Reading the names on the plaques, seeing the flowers that were placed there by their loved ones, seeing the sheer mass of the building footprints. It was a sad and humbling experience, but I am glad to have had it. 

http://www.911memorial.org/ 

Cowboys, Whiskey, & Magnificent Scenery

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IPG had the great pleasure to be involved in an event at the new Blue Sky Ranch & Highwest Distillery in Wanship, Utah!  It was truly a splendid occasion.  A very special thanks to Stuart Campbell, COO of Blue Sky Ranch and David Perkins, Founder of High West Distillery both of whom addressed the crowd and shared the vision and process of getting this breath-taking venture off the ground.    It is sure to be a Utah landmark.  

Visit High West's Website Here: http://www.highwest.com/ 
Visit Blue Sky Ranch's Website Here: http://www.bluesky-adventures.com/