Chairman & Co-founder, Mountain West Strategic (Newmark Mountain West, MW PM, Mountain West Pod). 1.5k+ CRE deals done a yr / $6b annually. UTAH/ CRE OBSESSED
Salt Lake City, UT
Joined September 2009
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Don’t sleep on what @RyanM_Anderson and @filevine are bldg. Company has become a beast and I love that it’s HQ’d in SLC.
My 17 yr old daughter is doing a biz internship. The hardest thing she’s had to tackle in a grown up world:
Talking over the phone!!
Been great for her to learn, but teenagers will avoid talking on the phone at all costs.
Teach em early, a great real world skill, few have.
Grabbed lunch w/ the owner of Trolley Square in SLC and got a cool tour. Lot of new tenant inertia happening in the project. Cool to see the upswing.
If done right, the Rio Grande District could become one of the coolest neighborhoods in the state.
It is effectively a clean slate of vacant land at the moment.
ksl.com/article/51637394/sal…
There is a war of survival being fought by independent restaurants in Utah right now.
Sadly, they are losing. Closures of restaurants in the state YTD are at or have exceeded historic levels.
What are the causes:
1. High labor & food costs
2. Rent inflation.
3. Shift and/ or contraction in discretionary spending.
We are witnessing a historic shift in the restaurant industry.
Great momentum in downtown SLC. Love it.
We’re excited to share the next phase of what’s coming to downtown Salt Lake City. The new district will have something for everyone.
It’ll have a new convention center, updated Abravanel Hall, new art museum, transformed Delta Center, Live Nation venue, strong local vibe combined with new iconic brands, hotel, housing, restaurants, and a central pedestrian walkway connecting the whole downtown from City Creek all the way to the new front door of the Delta Center.
Chad Moore retweeted
Jonathan Owens, a Director here at Newmark Mountain West is this week’s guest on the podcast for an all-new episode; Commission Impossible: Bet on This.
Full video: mwcre.com/podcast/betonthis
Anyone know a commercial painter that can paint a really, REALLY big water tower at our bldg in downtown SLC?
Expensive/ health conscious QSR is a very hard space rn……
True Food Kitchen has filed Chapter 11. The company plans to close 12 locations, leaving it with 34. It plans to initiate a sale process.
The company was created in 2008 by restaurateur Sam Fox and Dr. Andrew Weil, with Oprah and Howard Schultz among its early backers. The concept’s mission was to serve healthier food.
The company has $42 million in debt and blamed a host of factors for the filing, including management turnover, frequent changes in expansion strategy, shifts in brand strategy that often strayed beyond its core mission, a few weak locations and naturally the pandemic.
