News: November 2018

USA Climbing Moving Headquarters to Utah

Salt Lake City (November 6, 2018) – The State of Utah continues to build upon its strong Olympic Legacy with the announcement today that USA Climbing, the National Governing Body for the sport, is relocating its headquarters to Utah.

SAP to Buy Market-Analytics Startup Qualtrics for $8 Billion

SAP SE, the German business-software vendor, agreed Sunday to buy Qualtrics International Inc. for $8 billion, taking the market-analytics startup off the market just days before it planned to sell shares to the public.

Salt Lake City Ranks #1 for Office Net Absorption Growth Among CBRE’s Tech-30

Buoyed by robust tech-sector employment growth, Salt Lake City ranked first for office net absorption growth (growth in occupied office space) among the 30 leading tech markets, according to CBRE’s annual Tech-30 report, which measures the tech industry’s impact on office rents in the 30 leadin

LendingClub Expands to Utah

The Governor’s Office of Economic Development (GOED) today announced LendingClub Corporation (NYSE: LC) will expand in Utah adding up to 860 jobs, $22 million in new state revenue and an estimated $17.85 million in capital investment over the next 10 years.

Bullfrog Spas to Expand in Utah

The Governor’s Office of Economic Development (GOED) today announced Bullfrog Spas will expand their headquarters in Utah adding up to 150 jobs, $2.2 million in state revenue and an estimated $20 million in capital investment.

Essence to Open Regional Office in Utah

The Governor’s Office of Economic Development (GOED) today announced Essence, a global data and measurement-driven media agency and part of GroupM, will open a regional office in Salt Lake City, Utah.

Merit Medical to Expand in Utah

The Governor’s Office of Economic Development (GOED) today announced that Merit Medical Systems, Inc. will expand in Utah, adding up to 1,010 jobs, $71 million in state revenue, and an estimated $505 million in capital investment.

USTAR annual report showcases strong economic impact

The Utah Science Technology and Research Initiative (USTAR) recently released its 2018 Annual Report highlighting programs, events, and economic impact for the fiscal year 2018.

Utah startup Recursion Pharma takes high-tech approach to drug discovery

After outgrowing two previous facilities in the University of Utah Research Park, Recursion Pharma now has room to expand both its staff and research processes in the 100,000-plus square feet of the cathedral-like anchor space at the north end of Gateway, across from Vivint Smart Home Arena.

With costs rising and land at a premium, folks are getting creative

If you want to understand the latest trends in Salt Lake City office spaces, look at some of the effects of a sizzling economy.