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Sherman Associates closes $136.5 million multifamily development in Rochester
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Sherman Associates closes $136.5 million multifamily development in Rochester

Educational REJournals reports that Sherman Associates has completed a $136.5 million financial closing for its multifamily development at the Civic Center North Lot site in downtown Rochester, situated at 217 East Center Street. The project adds significant housing inventory to the Minnesota market at a moment when institutional developers

Hans Michel/ / 2 min read
Northmarq Arranges Largest Multifamily Sale in Wichita History
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Northmarq Arranges Largest Multifamily Sale in Wichita History

Educational Yield PRO reports that Northmarq's Investment Sales team has arranged the sale of Union Mill, a 301-unit luxury garden-style apartment community in Wichita, Kansas, marking the largest multifamily transaction in that city's history. The deal was led by Benjamin Davis, Jeff Lamott, and

Hans Michel/ / 2 min read
Pennrose Joint Venture Celebrate Grand Opening of Legacy at Herndon Square
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Pennrose Joint Venture Celebrate Grand Opening of Legacy at Herndon Square

Educational Yield PRO reported that Pennrose, Atlanta Housing, the City of Atlanta, Hunt Companies, Oakwood Development Group, and Mayor Andre Dickens celebrated the grand opening of Legacy at Herndon Square, a 201-unit family mixed-income rental community in downtown Atlanta. The development completes the second phase of the Herndon

Hans Michel/ / 1 min read
Bascom Refinances Historic Apartments in Los Angeles Westlake District
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Bascom Refinances Historic Apartments in Los Angeles Westlake District

Educational Yield PRO reports that The Bascom Group has closed an $8.5 million refinancing of The Charleston Apartments, a 133-unit historic property in Los Angeles's Westlake neighborhood. Marcus & Millichap Capital Corporation arranged the debt financing, with CalPrivate providing the loan. The transaction underscores continued lender

Hans Michel/ / 2 min read
The 8 States That Cap Rent Increases
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The 8 States That Cap Rent Increases

In states with rent control, the law limits how much a landlord can raise rent. Those legal caps typically reset every year (and vary by location), but cities and counties within the same state may st

Hans Michel/ / 2 min read