Mountain West CRE News

Commercial Real Estate News

Aerial view of Issaquah, Washington, the Puget Sound Eastside setting for Timberlane Partners' acquisition of the 91-unit Vista Ridge apartment community.
Property TransactionsMultifamily

Timberlane Partners Acquires 91-Unit Vista Ridge in Issaquah for $37MM, Backed by Mesa West Capital Loan

Timberlane Partners has acquired Vista Ridge, a 91-unit garden-style apartment community in Issaquah, Washington, for $37 million from Belkorp Holdings, Inc. The deal, financed with a $27 million loan from Mesa West Real Estate Income Fund VI Holdings, LLC, marks the fifth acquisition for the firm's second closed-end multifamily fund.

Timberlane Partners
Architectural rendering of Stevens Creek, the planned 311-unit multifamily community that Rockpoint Group and Holland Partner Group are developing at 3896 Stevens Creek Boulevard in west San Jose.
Joint Ventures

Rockpoint Group and Holland Partner Group Form Joint Venture to Develop 311-Unit Multifamily Community in San Jose

Rockpoint Group and Holland Partner Group have entered into a joint venture to develop Stevens Creek, a 311-unit multifamily community at 3896 Stevens Creek Boulevard in west San Jose. The project, slated for completion in 2029, will include approximately 6,000 square feet of ground-floor retail and targets Silicon Valley's supply-constrained rental market.

MultifamilyMixed UseRetail

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Architectural rendering of 2811 Kirby in Houston's Upper Kirby district, the two-tower mixed-use development backed by Southern Land Company's $165.9 million Bank OZK construction loan.
FinancingMixed UseMultifamily+2

Southern Land Company Closes $165.9 Million Bank OZK Construction Loan for Houston's 2811 Kirby Mixed-Use Tower

Southern Land Company has closed a $165.9 million senior construction loan from Bank OZK for 2811 Kirby, a nearly 953,000-square-foot mixed-use development in Houston's Upper Kirby neighborhood. The project marks the Nashville-based developer's first Houston development and includes a 38-story luxury residential tower and a 10-story Class AA office building.

Southern Land Company
The historic Downtown Denver Central YMCA building at 25 E. 16th Avenue, now fully owned by the Colorado Coalition for the Homeless and home to the 216-unit Civic Center Apartments.
Property TransactionsMultifamilyAffordable

Colorado Coalition for the Homeless Acquires YMCA Space for 216-Unit Affordable Housing Renovation in Downtown Denver

The Colorado Coalition for the Homeless has completed its acquisition of the YMCA's remaining portion of a historic downtown Denver building, paving the way for a full renovation of 216 units of permanent supportive housing. Enterprise Community Partners provided $1.8 million in bridge financing through its Denver Regional Transit-Oriented Development Fund.

Enterprise Community Partners
A rendering of Clio at Rock Creek, Embrey Partners’ planned 324-unit luxury garden community in Lafayette, Colorado, which has secured land and construction financing.
DevelopmentMultifamilyLand

Embrey Partners Closes Land Acquisition and Construction Financing for 324-Unit Clio at Rock Creek in Lafayette, Colorado

Embrey Partners has closed on more than 18 acres of land and secured construction financing from Amegy Bank and Hancock Whitney Bank for Clio at Rock Creek, a 324-unit Class A garden-style multifamily development in Lafayette, Colorado. The project, Embrey's 22nd in the Denver market, is slated to break ground in the third quarter of 2026 with first residents expected in late 2027.

Embrey Partners