PEG Companies Appoints Garett Bjorkman as Co-Chief Executive Officer
PROVO, Utah – PEG Companies [“PEG”], a leading commercial real estate investment firm, today announced the appointment of Garett Bjorkman as Co-Chief Executive Officer alongside Founder and Chief Executive Officer Cameron Gunter. This strategic move underscores PEG’s commitment to investing in its organizational infrastructure and asset management platforms as it prepares for its next chapter…
Read MorePEG Companies Appoints Inaugural Chief People Officer, Rachel Asbury
PROVO, Utah – In a strategic move to prioritize its most important asset—it’s people—PEG Companies [“PEG”] today announced the addition of a new executive position at the company, Chief People Officer [“CPO”]. Leading the charge as the firm’s inaugural CPO, Rachel Asbury, a steadfast member of the PEG team who previously served as Vice President,…
Read MorePEG Companies Expands Hospitality Portfolio with Strategic Acquisition of Residence Inn Salt Lake City Cottonwood
SALT LAKE CITY – PEG Companies [“PEG”], a leading commercial real estate investment firm specializing in opportunistic and value-add opportunities across the United States, closed on the acquisition of Residence Inn Salt Lake City Cottonwood. With financing from a CIM Group-managed fund, PEG is now preparing to execute a comprehensive Property Improvement Plan [“PIP”]. Located…
Read MorePEG Companies Breaks Ground on Largest Hotel-to-Apartment Conversion Project to Date
SEATTLE, WA – PEG Companies [“PEG”], a vertically integrated commercial real estate investment firm known for its unique approach to creating value, announced the commencement of construction on Avia Apartments on Pike, a transformative project set to bring attainable workforce housing to one of Seattle’s most coveted neighborhoods, the Capitol Hill district. Positioned at 1011 Pike…
Read MorePEG Companies, City of St. George Seek Artist to Paint Large Downtown Mural
ST. GEORGE, Utah – In a collaborative public/private partnership to enhance and beautify the city, PEG Companies [“PEG”], the developer, owner, and operator of The Advenire hotel and City View St. George Apartments, along with the City of St. George are seeking talented artists interested in creating a large mural in the heart of the Historic Downtown district. …
Read More100-Year Old Phoenix Building Turned Swanky, Eclectic Hotel
“It’s just a great place to stay, we have something for everyone,” Jariah Ramirez, the director of sales, said. “In the 160+ rooms, we have everything you need and nothing that you don’t.” The Moxy Phoenix Downtown is for the young and young at heart. “We have so much going on for guests and just…
Read MoreCommunity Groundbreaking Commences Idaho’s Largest Build-for-Rent Project
CALDWELL, Idaho – PEG Companies [“PEG”] and Canyon County community members gathered to celebrate the groundbreaking of Idaho’s largest build-for-rent [“BFR”] community, Alante Homes at Spring Run. The highly anticipated project will service 419 upscale for-rent single-family homes through PEG Capital Partners Fund IV, Build for Rent, LP [“PEG Fund IV”]. “Alante Homes at Spring Run is…
Read MorePEG Companies Secures Building Permits for Hotel-to-Apartment Conversion in Jacksonville, Florida
JACKSONVILLE, FL – PEG Companies [“PEG”], a vertically integrated commercial real estate investment firm, has secured building permits for a hotel-to-apartment conversion project that, upon completion, will become Avia Lofts on Liberty Ridge. Located at 8365 Dix Ellis Trail, the 112-unit property previously served as a Sonesta Suites extended-stay hotel. PEG acquired the building as…
Read MorePEG Announces the Passing of Reed Halladay, Board Member, Equity Partner, and Friend
In loving memory of Reed Halladay, we mourn the loss and celebrate the life of a remarkable individual whose presence illuminated the lives of all who had the privilege of knowing him. Reed passed away peacefully in his home in the early morning hours of June 25, 2023. Born in Provo Utah on May 15,…
Read MoreLargest ‘Self-Parking’ Mechanical Car Lift System in Mountain West Region Unveiled at Paperbox Lofts
SALT LAKE CITY, Utah – Residents at Paperbox Lofts are embracing a new way to park their cars. An innovative mechanical car lift system, which stacks cars in a vending machine-like fashion to save space, is opening at Paperbox Lofts. Thursday, municipal and project leaders gathered with the community to demonstrate how it works at a ceremonial…
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