PHOENIX--(BUSINESS WIRE)--Jul 6, 2026--
Western Alliance Bank (NYSE: WAL) today announced $33 million in construction financing for Marble Manor Phase I, a 138-unit, mixed-income housing redevelopment located less than two miles northwest of downtown Las Vegas, Nevada.
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The financing package includes a construction loan consisting of $31 million tax-exempt bonds and $2 million taxable bonds and $19.46 million in tax-exempt permanent bonds. R4 Capital Funding is Western Alliance’s originations partner and is the construction and permanent asset manager and loan servicer for the transaction.
“Western Alliance has supported the Las Vegas community for decades, and we are proud to extend affordable housing options for local families,” said Mieke Holkeboer, Director, Affordable Housing Finance, Western Alliance Bank. “Marble Manor will deliver one- to five-bedroom rental homes across a wide range of income levels, creating stable housing opportunities in a neighborhood that continues to grow.”
Once complete, Marble Manor Phase I will consist of 138 family rental homes across five residential buildings. The unit mix includes one-, two-, three-, and four-bedroom units, plus one five-bedroom unit. Thirty units will be market rate, while 108 units will be reserved for families earning below 30% to 60% of the Area Median Income (AMI). The development will also include 3,000 feet of ground-floor retail and on-site supportive services provided by Southern Nevada Regional Housing Authority (SNRHA).
Marble Manor is being co-developed by Brinshore Development, a leading mixed-income real estate company, and Southern Nevada Regional Housing Authority (SNRHA), with construction by Metcalf Builders. Enterprise Community Partners will serve as the property’s tax credit equity syndicator, providing $21.7 million in tax credit equity. The project is also supported by a $53 million Choice Neighborhoods Grant from the U.S. Department of Housing and Urban Development (HUD).
“This project reflects continued investment in the Historic Westside and expands access to quality, attainable housing in Las Vegas,” said Philipp Smaczny, Senior Managing Director, Affordable Housing Finance, Western Alliance Bank. “We value our ongoing partnerships with Brinshore Development, the Southern Nevada Regional Housing Authority, and R4 Capital Funding, our partner on over $1.3BN of affordable housing mortgage debt to date.”
Western Alliance previously financed Brinshore Development’s Silverada Manor in Reno and the SNRHA’s Senator Joseph M. Neal Jr. Apartments in Las Vegas. Both projects are under construction, with completion anticipated in 2027. Marble Manor Phase I broke ground in April 2026.
About Western Alliance Bank
Western Alliance Bancorporation (NYSE: WAL) is one of the country’s top-performing banking companies and has ranked as a top U.S. bank by American Banker and Bank Director since 2016. Its primary subsidiary, Western Alliance Bank, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance excels at helping businesses of all sizes capitalize on their opportunities to solve today and succeed tomorrow. For more information on our offerings, subsidiaries and affiliates, visit Western Alliance Bank, Member FDIC, or follow us on LinkedIn.
Rendering of Marble Manor Phase I, a 138-unit, mixed-income housing redevelopment in Las Vegas.
ARLINGTON, Texas (AP) — Mikel Merino scored in the first minute of second-half stoppage time, and Spain beat Portugal 1-0 on Monday to end the World Cup career of superstar Cristiano Ronaldo.
Merino had just been knocked down, and a foul was called. While Portugal's Bernardo Silva argued, Merino played the ball back in, ran toward the goal and easily beat goalkeeper Diogo Costa after taking a pass from Ferran Torres.
Spain advanced to the quarterfinals for the first time since winning its only World Cup title in 2010. La Roja will play either the United States or Belgium on Friday in Inglewood, California.
Ronaldo was trying to get Portugal to the quarterfinals in a second consecutive tournament for the first time. Instead, the career on soccer's biggest stage is over for the all-time leader in international goals (146) and appearances (233).
Merino didn't enter until the 85th minute, and his heads-up play showed some of the versatility that helped Arsenal win its first Premier League title in more than 20 years this spring. He had been doubtful to make Spain's squad because of injuries that also impacted his Premier League season.
The latest meeting of Iberian Peninsula rivals that first played in a friendly in Madrid 105 years ago was quite the contrast to their most recent World Cup match.
It was eight years ago that Ronaldo had his only World Cup hat trick in a 3-3 draw with Spain in a group stage opener that is considered one of the tournament's best games.
The 41-year-old superstar scored three times in this tournament, but didn't have many chances against Spain's Unai Simón, who extended his World Cup record to 609 minutes without conceding a goal. Spain became the first team to record six straight shutouts at the World Cup.
The best chance was Ronaldo's nifty backward kick in the 37th minute when Joao Felix’s header deflected off Simón’s left shoulder and popped in the air to Ronaldo. He flicked the ball with his right foot, but it was soft enough to give Simón time to recover and make a leaping grab.
Portugal desperately pushed for an equalizer in the final eight minutes of stoppage time. Silva had a header that went just over the top of the net.
The defensive struggle came just two days shy of a year since Portugal beat Spain in a riveting UEFA Nations League final that went to penalty kicks following a 2-2 draw.
The other World Cup meeting was Spain's 1-0 victory — also in the round of 16 — when La Roja won the title in South Africa.
See more of AP’s World Cup coverage here
Portugal's Cristiano Ronaldo (7) shoots against Spain goalkeeper Unai Simon (23) during the World Cup round of 16 soccer match in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Ashley Landis)
Spain's Mikel Merino (6) scores the opening goal as Portugal goalkeeper Diogo Costa (1) tries to stop him during the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Jessica Tobias)
Spain's Pedro Porro (12) and Portugal's Cristiano Ronaldo (7) react after Spain defeated Portugal in the World Cup round of 16 soccer match in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Ashley Landis)
Portugal's Cristiano Ronaldo (7) reacts after the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Julio Cortez)
Spain's Mikel Merino (6) celebrates after scoring the opening goal during the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Jessica Tobias)
Spain's Mikel Merino (6) celebrates scoring their first goal during the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Sam Hodde)
Spain celebrates their first goal during the World Cup round of 16 soccer match against Portugal in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Ashley Landis)
Spain's Lamine Yamal (19) celebrates after Spain's Mikel Merino (6) scored their first goal during the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Tony Gutierrez)
Spain's Pedro Porro, top, congrats Spain's Mikel Merino, right, after scored during the World Cup round of 16 soccer match between Portugal and Spain in Arlington, Texas, near Dallas, Monday, July 6, 2026. (AP Photo/Julio Cortez)
