Milhaus and its partner Humphreys Capital celebrated the grand opening of Oxlley, the newest apartment community in Edmond, Oklahoma.
Located at 101 West Main Street in the historic downtown area, Milhaus’ development provides easy access to schools, universities, major employers, and hospitals. “Oxlley isn’t just a new apartment community. It’s a journey through time,” said Kara Clayton, Senior Regional Manager at Milhaus. “By blending Edmond’s rich past with contemporary style, we’ve crafted living spaces that honor the town’s golden age. Every detail, from industrial-inspired fixtures to high-end finishes, reflects our commitment to innovative design that honors tradition while looking to the future.”
The community, now leasing studio to three-bedroom units, features amenities such as a pool, a 24-hour fitness studio, electric vehicle charging stations, and conference rooms. The development is in close proximity to local amenities, including restaurants, bars, and entertainment venues.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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