Browsing Posts From: Real Estate News

OGDEN RISING: Teleperformance Metamorphs into Citywalk

September 19, 2023 Posted by: Jeremy Peterson

In December of 2021, the Lotus Company, a large developer based out of Salt Lake City, purchased three parcels of land which encompasses the Ogden Plaza at 23rd and Grant Ave. The site might be most famous for hosting the Teleperformance building among some other small shops in the strip. The Planning Commission held a meeting recently to review fine tuned details of the plan for the site. Based on the specs and the drawings, the project that will replace the existing structures there is impressive. Above is the current […]

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OGDEN RISING: Make Ogden Rezone Opens Big Development Doors

April 18, 2023 Posted by: Jeremy Peterson

The Ogden City Council met recently to vote on proposed zoning changes to downtown Ogden and portions of the East Central Historic District (Trolley District) neighborhood.  The Council voted in favor of the changes. Here is a map of the new zones:   In the downtown core, new zones allow for buildings up to 20 stories tall.  That has the potential to impact the cityscape significantly. Meanwhile, a couple of the more fascinating aspects of the proposal regard residential zoning changes in the East Central Historic District (aka Trolley District) […]

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EDEN LAND SCAM: Land Fraud Alert

March 29, 2023 Posted by: Jeremy Peterson

Recently we received a lead through our online portal purporting to be a land owner in Eden wanting to sell his lot.  We will call him George.  He expressed urgency and wanted us to find out the market value of his land.  As with all of our leads, we were excited at the prospect of helping someone in need of our services.   Looking at his property’s title history, we saw that he had purchased the lot in 2021 and that he lived in Canada.  He also had a Croatian […]

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OGDEN RISING: Marshall White Center and YCC Apartments

February 2, 2023 Posted by: Jeremy Peterson

The Ogden Planning Commission has been busy hearing about proposed developments in Ogden City.  Two big projects stand out.   THE MARSHALL WHITE CENTER In what has become one of the biggest political footballs in Ogden City since the pool failed at the existing MWC, it appears we will finally be nearing some closure on this contentious issue.  A developer has made a proposal to the commission to construct a massive modern structure to replace the ailing facility at 28th and Lincoln Ave.   The proposed facility will host a […]

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OGDEN RISING:  East Central Bench Rezone Extravaganza

November 17, 2022 Posted by: Jeremy Peterson

Ogden City recently passed ordinances which significantly affect the East Central Bench neighborhood.  Many of these policies have been a long time coming.  The city council passed all of these ordinances with a unanimous vote.  Here is what is coming to a historic neighborhood near you.   Transit Oriented Development With the new OGX (Bus Rapid Transit) Line coming to completion here in the next calendar year, the city wanted to promote mixed use near the transit nodes.  This mixed use comes in the forms of live/work space and street […]

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Homie Don’t Play That – Fires 20% of Staff

October 5, 2022 Posted by: Jeremy Peterson

In another sign that the grandiose promises of “technological disruption” in the real estate market have once again come up empty, Utah based Homie has announced that it is laying off up to 20% of its workforce.  You might recall that Homie started as a low listing fee brokerage wrapped in the cloak of a tech company.  Due to revenue struggles it branched out into title services and financing to help keep the company bottom line going. We have to give them credit for trying.  But, alas, a business model […]

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Opendoor Gets Door Slammed on Fingers

September 19, 2022 Posted by: Jeremy Peterson

Opendoor is a massive company that buys homes with cash from sellers and then flips them at resale for a profit.  Or, at least that is how the model is supposed to work.  Supported by computer driven models of house prices, market demand, and return on investment, the company emerged on the public stock exchanges in 2020 and entered the housing market in earnest as it snatched up homes while demand and prices skyrocketed. Well, the business model was working wonderfully on the way up.  On the way down, the […]

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MONEY FOR BUYERS: Own In Ogden Program Quadruples Amount Per Buyer

August 3, 2022 Posted by: Jeremy Peterson

The Own In Ogden Program has been a long standing institution in the Ogden real estate market. For decades, first time home buyers have been able to benefit from program funds when purchasing their first home.  With housing prices increasing rapidly over the past several years, program guidelines had been unable to keep up with the changing financial landscape.   Recently, Own In Ogden announced exciting new changes to their program.  Program funds have been enhanced to reflect current market conditions and there are some exciting caveats for teachers, police […]

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ZECIMATED: Zillow iBuyer Program Ends in Catastrophe

November 16, 2021 Posted by: Jeremy Peterson

Zillow has a large footprint in the real estate industry.  Its recent purchase of ShowingTime, the showing schedule tool used by most local Realtors, and its prominent place as a syndicated site for MLS listings to be advertised gives it an outsized influence on market players here in Utah.   One program that many market participants have watched with consternation is Zillow’s iBuyer program.  For the past two years Zillow has not only been a conduit for market information, but made itself a market participant by purchasing homes on a […]

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FLIPPER’S FOLLY:  Painting Brick in Ogden’s Historic Neighborhoods

Posted by: Jeremy Peterson

Much ado has been made about painted brick in Ogden’s historic neighborhoods.  In recent times, out-of-area real estate investors have swarmed the city looking for fixer-upper projects. (We all get the daily I’ll Buy Your House for Cash post cards).  When these investors arrive, they often come wrapped in the flag of capitalism or libertarianism or both.  They are here to make a profit, a time honored American enterprise, and they feel nobody should infringe on that sacred right.     On its face, we all would seem to agree […]

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Snowbasin’s Big Expansion

September 28, 2021 Posted by: Jeremy Peterson

Work has already been underway but it was formally announced recently what big plans Snowbasin has in their future.   Among parking expansion and lift improvements, the resort plans a major 300 bed hotel along with a new village at Earl’s Lodge.   While Ogden Valley residents are extremely sensitive to new developments, Snowbasin appears to have the public in mind while formulating its growth.  Meanwhile, look for some exciting developments happening at one of Utah’s best kept secrets (for now).  

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OGDEN RISING: Massive River Project Townhouse Development

July 22, 2021 Posted by: Jeremy Peterson

A new proposal is on the table by a developer to convert the vacant lot near the corner of 18th and Washington Blvd. into a large townhouse project.  A recent meeting with the planning commission highlighted some of the proposed details.   The proposed scope of the project would be between Kiesel Ave and Washington Ave. and bounded by the Mountain America Credit Union owned lot near 18th St. on the north and the Ogden River on the south.  A total of 41 units are proposed. Architecture at the site […]

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INFERNO: Four Story Ogden Apartment Building Burns to Ground

July 8, 2021 Posted by: Jeremy Peterson

The last week of June saw a tragic loss of property on the 300 block of 28th Street. After fire fighters extingquished a blaze in the afternoon at 29th and Washington Blvd. another fire was started at massive apartment building under construction on 28th Street. The building was nearly finished begin framed at the time the blaze started. Here are video reports of the event: We sent our condolences to those who lost so much property in this tragedy.  We are grateful no one lost their lives.

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REGULATORY GOBBLEDYGOOK: Affirmatively Furthering Fair Housing Flails for Following Farther than Fret

August 3, 2020 Posted by: Jeremy Peterson

Interesting news from the Department of Housing and Urban Development as Ben Carson announces that the Affirmatively Furthering Fair Housing rules dictated in 2015 will no longer apply to those receiving HUD grants.  The announcement came as I was with Sally who was selling me sea shells by the sea shore.   So what was this tongue twisting HUD rule to begin with?  For starters, it forced cities like Ogden to identify patterns in government programs and market dynamics that produced a specific barrier to minority populations in procuring affordable […]

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OGDEN RISING:  Cache Valley Bank Prepares for Renovation of Historic Wells Fargo Building

Posted by: Jeremy Peterson

In what may be a strange twist of irony, Logan-based Cache Valley Bank has purchased and plans to renovate the historic 12-story Wells Fargo building located at the corner of 24th St. and Washington Blvd. in Ogden. The Wells Fargo building went vacant in 2006 and has since changed hands several times as one investment group after another was unable to muster the courage and/or financing to bring a restoration project to fruition.             Fortunately, Cache Valley Bank has the funds and experience to do […]

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