Mountain West CRE News
Commercial Real Estate News
JLL Arranges $66.8M Refinancing for Foundry Commercial and Stockbridge's South Florida Gateway Industrial Development
Brennan Investment Group Acquires 136,744-Square-Foot Fully Leased Industrial Property in Denver
Southern Land Company to Develop 1,271-Acre Master-Planned Community and Golf Club in Pittsboro, North Carolina
Newmark Arranges $53.9M Fannie Mae Loan for Bow River Capital's Acquisition of Dry Creek Ranch in Northlake, Texas
JLL Arranges Sale of 500,406-SF Industrial Building Near Indianapolis as SkyREM Acquires Ambrose Asset
JLL Arranges $25 Million Financing for Sierra Ridge Capital's Riverside Light Industrial Portfolio Acquisition

Embrey Partners Acquires Land for 360-Unit Multifamily Development in Spring Hill, Nashville; PCCP Provides Financing
Embrey Partners has acquired land for Hollis at Legacy Pointe, a 360-unit Class A garden-style apartment community in Spring Hill, Tennessee, with PCCP providing development financing. Construction is expected to begin in the fourth quarter of 2026, with first move-ins targeted for the second quarter of 2028.

Howard Hughes Names Kate Kaminski President of Arizona Region to Lead Teravalis
Howard Hughes Communities has promoted Kate Kaminski to President of the Arizona Region, succeeding Charley Freericks in a planned transition. Kaminski will oversee Teravalis, the company's 37,000-acre master planned community in Buckeye, Arizona.

Thompson Thrift Launches Ninth Multifamily Development Partnership, Targeting $200M–$230M Across Five States
Thompson Thrift has launched Thompson Thrift 2027 Multifamily Development, LP, its ninth multi-project development partnership, targeting $200 million to $230 million in equity commitments from accredited investors. The offering will fund six Class A multifamily communities across Colorado, Kentucky, Montana, Arizona and Nevada, with securities offered through North Capital Private Securities.

Kidder Mathews Arranges $21.8M Sale of 113-Unit Multifamily Portfolio in Riverside, California
Kidder Mathews has arranged the $21.8 million sale of two adjacent workforce housing properties totaling 113 units in Riverside, California. Senior Vice President Jon Mitchell represented the seller in the transaction, which closed in approximately 60 days following a competitive marketing process that generated multiple offers.
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Newmark Arranges $482.5 Million Construction Loan for The Stockman, Auberge Collection in Steamboat Springs
Newmark has arranged a $482.5 million construction loan for The Stockman, Auberge Collection, a ski-in/ski-out mixed-use resort under development in Steamboat Springs, Colorado. GoldenTree Asset Management provided the financing for the project, which is led by Marquee Development and recently broke ground.

Southern Nevada Regional Housing Authority and The Michaels Organization Open 121-Unit Gholson Landing Affordable Community in Las Vegas
The Southern Nevada Regional Housing Authority and The Michaels Organization marked the opening of Gholson Landing, a 121-unit affordable apartment community at 2601 Sunrise Ave. in Las Vegas, on Sept. 22, 2026. The approximately $32 million development serves households earning 30% to 80% of area median income and was already nearly 80% leased within months of completion.

Hamilton Zanze Expands HZ Evergreen Fund to 12 Properties With Eugene, Fredericksburg Additions
Hamilton Zanze has contributed two multifamily communities — Ecco Apartments in Eugene, Ore., and The Kingson in Fredericksburg, Va. — to its HZ Evergreen Fund, bringing the portfolio to 12 properties across six states. The fund's net asset value now exceeds $340 million, with gross asset value surpassing $800 million.

AdventHealth Opens 88,000-Square-Foot Medical Campus in Aurora, Colorado
AdventHealth has completed the first phase of an $81 million medical campus in The Aurora Highlands community of Aurora, Colorado, with the 88,000-square-foot facility set to begin treating patients Sept. 29, 2026. The campus includes a 24-hour freestanding emergency department, outpatient imaging, and specialty clinic services, with plans for a future 50- to 75-bed hospital.

HGC Holdings LLC DBA Heritage Golf Group Reaches 50-Club Milestone With Acquisition of Independence Golf Club in Richmond
HGC Holdings, LLC DBA Heritage Golf Group has acquired Independence Golf Club in Midlothian, Virginia, bringing the company's national portfolio to 50 clubs. The 27-hole, 260-acre semi-private property marks Heritage Golf Group's fourth Virginia location and second club in the Richmond market.

Heritage Golf Group Acquires Old Natchez Country Club, Enters Nashville Market With 49th Club
Heritage Golf Group has acquired Old Natchez Country Club in Franklin, Tennessee, establishing the Virginia-based owner-operator in the greater Nashville market. The deal brings Heritage's national portfolio to 49 clubs and adds the region's oldest continuously operating country club to its Tennessee holdings.

Westland Real Estate Group Acquires Four Multifamily Communities in Las Vegas, Expanding Southern Nevada Portfolio to 11,225 Units
Westland Real Estate Group has acquired four multifamily communities in Las Vegas — Bonanza Gardens, Cedar Village, Nellis Gardens and Wood Ridge Villas — bringing its Southern Nevada portfolio to more than 40 communities and 11,225 units. The acquisitions reinforce the company's long-term strategy of owning and operating workforce housing across the Las Vegas Valley.

Taurus Investment Holdings and L&G – Asset Management, America Break Ground on 201-Unit Multifamily Community in Concord, Massachusetts
Taurus Investment Holdings and L&G – Asset Management, America have broken ground on Novo Riverside Commons, a 201-unit, two-building multifamily community at 292–294 Baker Avenue in Concord, Massachusetts. The project marks L&G's first U.S. ground-up development and will include 51 affordable units under Massachusetts Chapter 40B guidelines.

Griffis Residential Completes Sale of 524-Unit Griffis North Creek in Seattle Metro
Griffis Residential has completed the sale of Griffis North Creek, a 524-unit multifamily community in Bothell, Washington, through its Griffis Premium Apartment Fund IV. The Denver-based firm reported 50% NOI growth at the property, driven by capital improvements and operational initiatives.