A Half Century of Excellence

Founded by Roger Boyer in 1972, sons Jake and Nate carry on the Boyer Company’s legacy of integrity and building to benefit the greater community. 
By Brad Fullmer

As one of the most successful commercial real estate developers in Utah’s history, Roger Boyer expressed gratitude and humility when asked what it means for his firm—The Boyer Company—to celebrate its 50th anniversary this year. 

“It’s been a fun year, a humbling year,” said Roger, 82. “I think for me personally, I try to fly under the radar. It’s a quiet satisfaction that we feel like we’ve done good projects and developed a reputation for following through and having integrity. Banks have stayed with us because they can count on what we say.”

It’s been quite the journey for the octogenarian. Roger is an East High graduate (’58) who served a mission for the Church of Jesus Christ of Latter-day Saints to Australia before graduating from the University of Utah with a Bachelor of Economics (’65). He chased and earned an MBA from Harvard (’67) and quickly fell into the development world via a relationship with U of U frat brother Ellis Ivory, founder of Ivory Homes. 

The pair started Ivory & Boyer Company in the spring of 1967 and were the exclusive marketing agents for a new 1,000-acre residential development in Bloomington, south of St. George. The firm merged with Johnson Land Company to become Terracor in December 1968 and they set about developing Bloomington Country Club, which included two golf courses and the construction of the Man O’ War bridge to provide access from I-15 across the Virgin River. The bridge still stands today, a symbol of both Boyer and Ivory’s ambition. 

Roger remembers flying in golf pro and three-time major champion Billy Casper to hit balls as a way of promoting the new golf course development. NFL star Merlin Olsen drove a ceremonial golf cart across the bridge, too. 

The development was a success, and the pair also made a splash working on sizeable developments in Herriman and Stansbury Park, but Boyer quickly realized he needed to invest in income-producing properties and lease properties that could be owned, rather than just buying and selling assets. 

“Ownership seemed like a better strategy,” said Roger. “That was the focus initially of the Boyer Company. In many ways, we’re not doing anything different other than the scale of projects.”

Family Affair 
Two of Roger’s eight children—sons Jake and Nate—followed in his footsteps and gained a passion for real estate development at an early age. They currently serve as CEO and President, respectively, and have participated on various local business and community boards.
Jake, 50, has served as Chairman of the Salt Lake Chamber of Commerce and President of the Valley Service Board, along with being named NAIOP Developer of the year in 2014. 
Nate, 40, served on boards for Salt Lake Community College, United Way, and the Salt Lake Chamber. 
“I grew up in this industry,” said Jake, who assumed the role of President in 2006, President/CEO in 2011, and took a three-year sabbatical to serve a church mission in Frankfurt, Germany from 2017–2020. “I remember as a kid my dad would put us in the car, and we’d visit an office or a shopping mall. It was ingrained in my system early on. The thing I love about this business is that you’re a part of creating and developing projects from scratch, and that vision can be implemented in a tangible way. It’s fun to be part of that process and contributing to the community.”
“I like the tangible nature of real estate,” said Nate, who spent three years as an agent at Cushman & Wakefield while attending college at Brigham Young University, an experience that has proved valuable during his 13-year career at the Boyer Company. Beyond financial motivations, he added, “you can create cool projects over time and make places that are a lasting legacy.”
Working with their father has helped them forge the tightest of bonds. 
“We have enjoyed a daily association with each other and worked side by side for 25 years,” said Jake. “I’ve been around him long enough that I know how he thinks and reacts in certain situations. You start merging your decision-making.”
“He’s super focused on putting together great projects that are good for the community,” he added. “He’s smart at cutting through the noise to get to the bottom of issues. No drama, no ego—he cares about doing the right things”


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One Utah Center in Salt Lake City (lead photo) is an iconic project developed by Boyer Company and completed in 1991. The firm has a strong portfolio of industrial projects and remains bullish about that market. Liberty Sky Apartments (above) is a high-profile multi-family joint venture project completed earlier this year (photos courtesy Boyer Company).

Diversity of Projects and Markets

The Boyer Company has a rich history of building various types of projects, including commercial office, retail, industrial, medical office, self-storage facilities, and multi-family. Jake said the firm has developed approximately 43 million SF of space totaling multi-billions in value during its 50-year history and has no intention of slowing down, with some $2 billion in projects currently in the pipeline. The firm has 185 employees working out of offices in Salt Lake, Ogden, and Phoenix. 

Jake said they have ramped up their efforts in the multi-family arena in the past decade to capitalize on Utah’s booming multi-family and senior living markets. It has also invested heavily in recent years in building industrial warehouse space, highlighted by projects such as the Business Depot Ogden (BDO), a 1,118-acre master planned business park that features 14 million SF of space in the form of warehouses, manufacturing facilities, and office space. 

“There were enough build-to-suit opportunities that we were able to build out (BDO) space at a slow-to-moderate pace,” said Brian Gochnour, a 22-year company veteran who serves as COO and filled in as CEO during Jake’s three-year absence. “That pace has picked up dramatically the past five years. It’s been a great partnership with Ogden City.”

Jake said it’s the largest industrial park in Utah, with 1 million SF added last year and another 1 million SF under construction or soon-to-be completed in 2022. The firm has other major industrial projects underway in Grantsville, Spanish Fork, and a one-million-SF building in West Jordan—its largest project currently underway. 

Industrial warehouse space has been an important focus for the Boyer team. Nate said the market, despite a large influx of new industrial projects since 2010, “is still undersupplied, with less than 2% vacancy rates. We see continued growth going forward, even as interest rates go up. We think demand will outpace supply.”

Commercial office is perhaps the trickiest market to figure out right now, Jake said, due primarily to post-pandemic corporate office policies that have given rise to more employees working remotely or on hybrid schedules. 

“It’s all over the board—companies have different policies on work from home versus work from the office,” he said. “Office is not the most favored in the financing world right now. We’re not building [speculative] space.” 

“Office [demand] is 20%–30% down because of the hybrid workforce,” added Nate. “I think a lot of tech CEOs want their folks in the office for productivity reasons. The hope is the market will catch up and we can get back to a more normal vacancy rate by 2024–2025. No one really knows what demand will look like.”

Another prominent change in the past decade is the sheer number of outside developers looking to make hay while the sun shines on Utah’s red-hot economy. 

“When I started at the Boyer Company [2000], Utah wasn’t on the radar [nationally] as much as it is now,” said Gochnour. “With more developers coming into our market, we’re having to refine our approach to the continuing needs of our customers.” They’ve been through a number of economic cycles—some good and some tough, but “the great thing about the Boyer Company is that we’ll be able to weather any economic cycle we’re faced with,” Gochnour concluded.

“The total dollar amount of deals has changed considerably—both [up-front] costs and the amount of outside capital coming to Utah,” added Nate. “The fundamentals of the business are still the same, but it’s crazy to see the amount of capital flowing into Salt Lake. It’s been great. At the end of the day, our business is scalable.”

The company continues to develop projects in multiple states simultaneously, with active projects in ten states, including Utah, Arizona, Idaho, Hawaii, Colorado, South Carolina, Texas, Arkansas, and Massachusetts.


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Boyer Company spent significant time and resources developing The Gateway, a $375 million, 2.1 million SF open-air, mixed-use complex to coincide with the 2002 Salt Lake Olympic games. The firm has built dozens of prominent commercial office projects over its 50-year history, including Podium building in Lehi; Boyer 101 in Salt Lake (site of the firm’s HQ); and the DealerTrack office building in Draper.

Next 50 Years

Hitting the 50-year mark is certainly a notable achievement, but not one that affords the company time to take its foot off the accelerator. 

“We’re going to keep plowing forward—we haven’t sat around and patted ourselves on the back—but 50 years is definitely a milestone we’re happy about and grateful we were able to get there,” said Jake. “We hope to be around for a long time.”

Nate also appreciates the significance of half a century but believes the firm’s best days are ahead. 

“Bigger isn’t always better,” he said of the firm’s future outlook. “We don’t have big ambitions to grow from a headcount standpoint. We want to continue to do great projects and to maintain our reputation in the market, where people know we’re trustworthy and good partners and that we do what we say we’re going to do. It’s not that complicated.”

“I’m excited about our next 50 years,” Nate continued. “Real estate isn’t going to change but there are so many new ways to finance projects. We’re in a better position than we’ve ever been financially. I think we’ll do some of our coolest projects going forward.”

Roger still loves coming to the office and engaging in project discussions. His opinions are invaluable; his presence calming. 

“We have a great system—he has an office here, he can come in as much as he wants—ultimate flexibility,” Jake smiled. He and Nate don’t want to burden Boyer with the mundane, day-to-day aspects of the business, however, “We’d be dumb to not tap into his knowledge. When we’re making large capital decisions about moving forward on certain projects, we like to get his input. He enjoys the thrill of the deal.”

Roger has been a member of ARUP’s board of directors for 34 years and also is actively engaged in a program with local universities to provide scholarships to refugees and disadvantaged youth and help them get into careers. 

Roger was wistful when asked about having Jake and Nate carry on the Boyer family as his own career has wound down the past decade.

“It’s an emotional question—there is no higher honor for a man than to have some of his closest friends be his own children,” said Roger. “We work hard together, but we have a lot of fun together. It’s an honor, and it’s what keeps me coming back at this stage.”

“The other day he turned to us and said, ‘You’re not going anywhere anytime soon,’” laughed Nate. “Jake and I will be around for a while. We don’t know the [succession] plan—at this point we are just planning to be here because we love what we do, to be honest. You wake up Monday and it’s fun to go to work.”


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Bragging about a “C+” might seem gauche, but Utah is one of only four states to earn that high a grade, according to the May 28 release by the Utah Section of the American Society of Civil Engineers (ASCE) of the 2025 Report Card for Utah’s Infrastructure. The cumulative “C+” for the Beehive State is the highest mark ever given by ASCE to any individual state—the report card itself spans 12 categories of infrastructure and is virtually unchanged from 2020 (ASCE issues report cards every four years). Utah's grade is also one step higher than the national infrastructure average grade of “C” in the ASCE 2025 Report Card for America’s Infrastructure, which dropped in March. Roads (B+) and Bridges (B) remain the stars of the class, as the Utah Department of Transportation (UDOT) continues to receive consistent state funding in furthering its aggressive program of building new projects to meet ongoing demand, while diligently maintaining existing infrastructure. “Our transit and transportation are doing fabulous," said Anna Lisonbee, President of ASCE Utah and an Engineer-in-Training at South Jordan-based Hansen, Allen & Luce. “UDOT and UTA are lauded as some of the most efficient [organizations] nationwide, so we’re doing very well in that category.” Aviation infrastructure was the only category to see a grade increase—somewhat predictable given the sheer amount of capital investment made over the past decade at Salt Lake International Airport, Provo Airport, and other regional airports statewide. Three categories—bridges, s tormwater, and transit—saw grade decreases. The remaining eight categories held steady from 2020. "Utah is one of the fastest-growing states in the country, and state leaders have taken steps to ensure the reliability of infrastructure systems as more people move here to enjoy Utah's thriving communities, amazing outdoors, and high quality of life," said Craig Friant, Utah Civil Practice Lead for South Jordan-based Wilson & Company and Chair of the 2025 Report Card for Utah's Infrastructure. Utah grades per category: Roads: B+ Bridges: B Drinking Water, Solid Waste, Transit: B- Aviation, Dams, Hazardous Waste: C+ Stormwater, Wastewater: C Canals: D+ Levees: D-
By Taylor Larsen August 1, 2025
"What gets you out of Egypt doesn't take you to the promised land." The quote, as I first heard it, came from Ron Dunn, Founder of Salt Lake structural engineering firm Dunn Associates. While he was talking about the differences between founding and growing a company, the same principle holds true in developing a robust transportation infrastructure. In other words: "What got us here will not take us there." What has taken us here has been development dedicated to personal vehicles and last-mile freight—a stellar network of roads and highways from massive investments in horizontal construction. But what will get us "there" to the promised land? What will bring us to a future where Utahns can have the freedom to move without a car? Unified Plan for a Connected Utah? We'll certainly wander in the West Desert without a plan. 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By Brad Fullmer August 1, 2025
Standing atop the now-tallest building in Utah—the dynamic 451-foot, 680,000-SF Astra Tower in downtown Salt Lake City—Lance Shields was succinct in describing the otherworldly, 360-degree views available from the 41st-floor rooftop patio. “Pretty amazing, isn’t it?” mused Shields, a Principal with Salt Lake-based HKS Architects and one of a half-dozen architects on HKS’ team who contributed to the design of Astra Tower, which features 377 total units, two levels of penthouse suites, and more than 40,000-SF of top-shelf amenity space. Peering southeast to majestic views of the Wasatch Mountains, Shields referenced the striking cantilever structure gracing the building’s southeast corner—a concession that preserved the breathtaking view by eliminating what would have been a structural column. Adding this approximately $2 million change to the bottom line only further illustrated the owner’s desire for a world-class luxury apartment tower. “The uninterrupted views of the valley are really breathtaking at the top floor and is the one thing that visitors I have taken through the project consistently comment on as the best experience they have had,” said Shields, adding that it would have been easy to justify a column in that corner. “I have to hand it to the vision of our team and the owner to see the value of the views and taking steps to preserve it.” Indeed, Boston-headquartered Kensington Investment Company (KIC) had been eyeing the Salt Lake market since 2017, ready to make a splash. In 2018, it purchased the site once home to Carl’s Jr. and hired HKS in 2019 to get the ball rolling on the design side. The pandemic forced KIC to pause its timeline, with construction formally kicking off in January 2022, led by Salt Lake-based Jacobsen Construction. “We were taking an enormous risk and writing a massive check while making sure we had as many people with experience on our team as we practically could,” said Ed Lewis, CEO of KIC. “We asked ourselves if Salt Lake City was ready for this kind of product—with no [like-building comparisons] to look to—while making the project financially successful. Putting together the capital stack with no comps in the state, and ensuring the team knew what they were doing, was challenging.” Engagement with the community was a priority from the start, said Shane Rensmon, President of Real Estate Development for KIC, as was finding local A/E/C firms with the moxie to take on a unique hybrid design-build project of this magnitude, a delivery method “not common in Salt Lake City, but common across major markets,” he said. “Ownership wanted to utilize local consultants and vendors as much as possible to get the community involved and engaged with the project, which presented new challenges in designing and constructing Astra Tower,” said Rensmon. “We leveraged [KIC’s] skills and experiences to help guide the design and construction teams on issues that they have not seen before or had little to no experience in.” Hotel-like Vibe with Unmatched Amenities Emir Tursic is no stranger to massive projects, having cut his teeth in the hospitality realm as a draftsman-turned-project architect for HKS on Block A of the enormous $10 billion MGM City Center project in Las Vegas from 2007-2008, which included the 61-story, 600,000-SF Aria Hotel. “It was a project I grew up very quickly with,” recalled Tursic, Office Director for HKS’ Salt Lake office, who ended up managing part of the project before it ended. “After this, I could go to the moon and not be scared of anything.” Even amidst the challenges for Tursic and his team, Astra Tower proved to be one of the most exciting, generational opportunities in the realm of world-class residential high-rise design that—ho-hum—also sets a record as the state’s tallest-ever building. “We wanted to create a sustainable urban community that focuses on wellness and sustainability,” said Tursic. “Sustainability is not just about energy and carbon footprint, it’s also [about] health and wellness and the environment. We have this huge amenity program—40,000 SF of indoor and outdoor amenities space focused on physical and mental health.” Tursic said dispersing major amenities across three building levels was a key functional design consideration. Level 8 kicks things off with an expansive club lounge that includes a demonstration kitchen and entertainment area, a state-of-the-art fitness center where views overlook Gallivan Plaza, a remote office space with a conference room and meeting rooms, and what Tursic calls “The bonus space”—an expansive 10,000 SF outdoor urban park. “Instead of a roof on top of the eight-story parking structure, we created a space with an outdoor lawn, hammocks, fire pits, grills—it’s a great social space for Astra’s residential community,” he said. Level 23 includes the outdoor pool and indoor spa, highlighted by a wellness center, steam room, sauna, recovery spas, treatment rooms, and private locker rooms. The pool deck overlook offers excellent views of the Oquirrh Mountains to the west. Level 41 tops the amenity spaces—literally—with an outdoor kitchen, entertainment area, and a spacious outdoor viewing deck that looks down on Salt Lake’s adjacent tallest buildings. “We wanted to provide a variety of experiences,” said Tursic. “The 41st floor is meant for quiet and solitude.” ROAM Interior Design of Los Angeles provided interior design on every level. "With Astra Tower, we set out to design interiors that reflect both the soul and natural beauty of Utah, infused with the energy of modern city living," said Deanne Teeter, Design Director at ROAM. “Every amenity—from the tranquil spa on the 23rd floor to the rooftop lounge with panoramic views—is intentionally crafted to foster wellness through biophilic connection and a true sense of home in the sky." “Astra Tower was purposefully designed to exemplify KIC's commitment to o perating market-leading apartment buildings, featuring state-of-the-art amenities and an unwavering dedication to service excellence,” said Joe Bird, Vice President of Real Estate Development for KIC. “This intentional design ensures an unparalleled living experience, blending sophisticated facilities with exceptional resident-focused service to set a new standard for urban residential excellence in Utah.”
By Brad Fullmer August 1, 2025
Ralph L. Wadsworth watches demolition activity on the I-80/1300 East Bridge Slide in August 2023 with granddaughter, Bradynn Wadsworth (Tod’s daughter), illustrating his genuine passion for construction. (all photos courtesy RLW Construction)
By Taylor Larsen August 1, 2025
First. Best. Leader. These are some of the many positive ways people described the late Marshall White, the civic hero and namesake of Ogden's past and future community centers. Marshall White is remembered as the first black police officer in Utah killed in the line of duty after being fatally shot in 1963. Equally important was his dedication to other causes outside of police work: the loving father of seven children; veteran and military doctor who helped establish a clinic at Hill Air Force Base post-WWII; youth mentor who partnered with the Elk's Club to establish the Wall Avenue Recreation Center; President of the Ogden chapter of the National Association for the Advancement of Colored People. Marshall White embodied community, and the original Marshall White Community Center, constructed five years after he died in 1968, was its physical manifestation. The building became a safe haven for youth, especially those with darker skin and different ethnicities from those of Utah "pioneer" ancestry, to learn to swim, take art classes, and participate in sports. But as time passed, the building fell into disrepair as Ogden's population shrank from the 1970s through the 1980s. Structural issues in the building appeared before a crack in the pool grew into a metaphorical chasm as COVID and its effects further disconnected society. Ogden needed champions who would follow in White's footsteps to bring people together, and create a space that would continue his community-building legacy. New Center; Relit Community Beacon Salt Lake-based VCBO was hired in 2020 to evaluate the old facility and propose future alternatives. It began, as VCBO Principal Brent Tippets described, "to replace a failing pool and building. […] It quickly became apparent that this community revolved around the Marshall N. White Community Center as both a gathering space and a historical icon for all minorities and people of humble circumstances." "Budget is always a challenge, but perhaps meeting all the affected parties' expectations was more so," said Tippets. "What was originally a pool and gymnasium replacement became a versatile destination with a plethora of participation options. He and the VCBO team worked with an Ogden City-appointed steering committee of passionate residents who provided valuable input on the importance and utilization of recreation and community spaces. "The Mayor, City Council, and City administration were committed to funding the project at the required level to achieve the grander vision for the facility," said Tippets. The Ogden City Council initially set aside $18 million and later increased the budget to $32 million for a new, 68,900-SF community building, doubling the size of the previous structure. Construction Challenges But challenges arose as soon as excavation commenced. Construction teams led by Vernal-based BHI encountered a dark, organic-looking soil that was previously undiscovered in geotechnical test borings. The surprise soil raised immediate concerns due to its lack of stability and reliability in compaction. BHI's history as an industrial contractor, where safety and lightning-fast communication are treasured, escalated the soil problems immediately. They collaborated and aligned with ownership, geotechnical engineers, and designers amidst evolving conditions to create a plan. Instead of utilizing native soils as initially planned, excavation teams removed the unsuitable material and imported structural fill from Ogden and nearby Plain City to meet compaction and bearing requirements, all while maintaining oh-so-important project momentum. "Working with Ogden City involved a different set of communication and coordination protocols than our typical projects," said BHI Superintendent Scot Marrot. "There was a greater emphasis on public transparency and adherence to specific city regulations. However, it was incredibly fulfilling to collaborate with the city officials who were passionate about providing a valuable resource for their community. The partnership fostered a strong sense of shared purpose and pride in the final outcome."
By Taylor Larsen August 1, 2025
Thoughtful consideration on Oquirrh Lake transformed the initial idea for the water feature into a community and ecological asset. The 67-acre lake weaves around the 130-acre recreation space, residential area, and wildlife habitat. (Main rendering and photo pictured courtesy LHM)