Businesses - Lehi Stock Photo: 05

Businesses currently operating and under construction stand Wednesday, April 18, 2018, at Thanksgiving Point in Lehi. Isaac Hale, Daily Herald

Provo man named to New York Life’s President’s Council

Bradley Wayne Cobb was recently named a member of the 2018 President’s Council of New York Life. Members of the President’s Council are among the top 5 percent of New York Life’s elite sales force of 12,000 licensed agents.

Cobb has been a New York Life agent since 2003, and is associated with New York Life’s Utah General Office in Sandy, via his Provo office location. Cobb’s areas of practice emphasis include life insurance and retirement planning.

Industrial construction segment trends up

The Salt Lake City office of CBRE has released its second quarter 2018 MarketView reports, showing that speculative industrial construction has reached its highest point in the current cycle. According to the report, 2.4 million square feet of new industrial construction was completed during Q2 2018, and 63 percent of that was speculative space — meaning that construction began before any tenants had committed to lease space within the developments.

Authors of the report say this is significant, as it is a reflection of the confidence that investors and businesses have in the local economy and highlights recent demand levels.

“Industrial construction and leasing has been phenomenal during this cycle. At mid-year there was 4.2 million square feet under construction, which is a substantial total for our market. This is even more impressive when considering that 2.9 million square feet of new product has already delivered year-to-date. This total for the first half of the year surpasses the annual delivery totals for four of the last seven years,” said Tom Dischmann, CBRE senior vice president, in a press release.

In the same timeframe, the retail market around the county also achieved its best single quarter for market growth for the past five years.

New executive director for Orem family nonprofit

The Family Support & Treatment Center, or FSTC, named Janelle Christensen as its new executive director. Christensen succeeds Scott Snow at the nonprofit organization based in Orem that works to prevent and treat child abuse.

“The Family Support & Treatment Center is dear to my heart. Much of who I am as a professional is a direct result of my experiences and associations during my previous time there,” said Christensen. “It is an honor to work with the fantastic staff and board, and a privilege to be entrusted with responsibility for the agency’s continued progress.”

Christensen was involved at the agency in many capacities previously, including as its education specialist and parent advocate. She took leave from FSTC for the last two years as she obtained her master’s of social work degree from Columbia University.

“We are excited and impressed with Janelle’s experience and enthusiasm, and she will be a great asset to the organization,” said Karen McCandless, FSTC board president and executive director of Community Action in Provo, in a press release.

Karissa Neely reports on Business and North County events, and can be reached at 801-344-2537 or Follow her on Twitter: @DHKarissaNeely

Karissa Neely reports on Business & Community events, and loves telling people’s stories.

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