The Enterprise

Top Enterprise stories range from development to retail expansion

The final year of the millennium was

one of continued prosperity for

most of Utah's businesses. Real

estate development was extensive,

whether it be in the form of large

speculative office/warehouse

projects, or residential communities

comprising hundreds of acres. A

number of national retail chains

decided to enter the Beehive State,

as did distributors and

manufacturers. Below is The

Enterprise's first annual year in

retrospective. A summary of our

top stories during the first half of

1999 appears, in chronological

order, below. The second half of the

list will appear in the Jan. 3, 2000


Jan. 4, 1999: Salt Lake City firm spends $35 million to acquire Texas apartments. CDS Investments, headed by Prowswood executive Dan Stanger, buys 1,405-unit apartment portfolio from Cash Investments of El Paso, Texas. The acquisition boosts CDS's multi-family portfolio to approximately 4,700 units in Utah, Arizona, California, Washington, Texas and Idaho.


Jan. 11, 1999: New owners to invest millions in Bountiful shopping center. Partners in Murray's Sports Mall join forces with a Las Vegas developer of office/warehouse space to buy the 250,000 square foot Five Points Mall in Draper. New owners say they plan to invest between $20 million and $30 million in the mall.


Jan. 18, 1999: A net in-migration drop could squeeze employers further. Net inmigration to Utah slowed from about 15,000 in 199. …

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