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Gateway-Orlando
DevelopmentFloridaNewsSoutheast

JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando

by Lynn Peisner

ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the architect. The 417,000-square-foot project will include 270 apartments in one-, two- and three-bedroom floor plans as well as studios and junior one-bedrooms. Units will be equipped with stainless steel appliances, quartz countertops, LED-backlit vanity mirrors and tile showers with glass doors and tile tub surrounds. Amenities consist of a heated saltwater pool with private cabanas, outdoor kitchens and fire pits, …

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Sky-Equities-Fort-Lauderdale
DevelopmentFinanceFloridaNewsSoutheast

Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital, with Valley National Bank serving as a participating lender, to support the planning and pre-development of two luxury high-rise communities located at 101 SE 7th St. and 633 SE 3rd Ave. in Fort Lauderdale. Dependable Equities is the South Florida division of Sky Equity Group, a New York City-based real estate development firm. Together, the projects encompass approximately 2 million square feet featuring 1,460 condominium and multifamily residences and roughly 14,000 square feet of …

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Dan-Jutzi-Cullinan
Company NewsIllinoisMidwestNewsPeople News

Cullinan Properties Hires Dan Jutzi as Vice President of Development, Construction

by Lynn Peisner

OAK BROOK, ILL. — Cullinan Properties has hired Dan Jutzi as executive vice president of development and construction. In his new role, Jutzi will provide strategic leadership for Cullinan Properties’ development and construction department, oversee third-party construction resources and direct all construction activities across the company’s existing portfolio as well as current and future development projects. Most recently, Jutzi served as senior director of construction management at Transformco Properties, where he was responsible for all phases of construction and development projects, including design, budgeting, scheduling, execution, financial performance, forecasting and …

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Enclave-at-Canopy-Park-Orlando
Affordable HousingDevelopmentFloridaNewsSoutheast

Archway, FK Architecture Open The Enclave at Canopy Park in Orlando

by Lynn Peisner

ORLANDO, FLA. — Archway Partners, along with FK Architecture, has completed and opened The Enclave at Canopy Park, a 104-unit affordable housing community at 4440 Canopy Park Loop in Orlando. Construction began in April 2025. The Enclave at Canopy Park offers one- and two-bedroom apartments for households earning no more than 22 or 80 percent of the area median income. Orange County invested $3 million from the Affordable Housing Trust Fund to support the project, helping provide rents as low as $400 per month for qualifying households. Rents will average …

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Timberline-Madison
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Construction, Lincoln Avenue Communities Underway on Affordable Housing Development in Madison, Wisconsin

by Lynn Peisner

MADISON, WIS. — Lincoln Avenue Communities and McShane Construction Co. are building Timberline Terrace, a 93-unit affordable housing community in Madison. The development is located at 4504 Verona Road on a 1.1-acre site. Units will be offered in one-, two- or three-bedroom floor plans. According to Dane County, rents are capped at 30, 50 or 80 percent of county median income (CMI). Nineteen units will be reserved for households experiencing homelessness. Amenities include a 4,000-square-foot plaza that features a playground, grills, a lounge, community room and fitness area. Knothe & …

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The-Flat-Los-Angeles
CaliforniaInvestment SalesNewsWestern

IPA Brokers Sale of The Flat in Los Angeles

by Lynn Peisner

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of The Flat, a 205-unit property in the City West neighborhood of Los Angeles. Kevin Green, Joseph Grabiec and Gregory Harris of IPA represented the undisclosed seller and procured the buyer, locally based Winstar Properties. The Flat was built in 1968 and features a controlled-access entry system, a resident lounge, upgraded laundry rooms, new windows and a package receiving system.

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Exchange-at-Westgate-Leland
Investment SalesNewsNorth CarolinaSoutheast

Hathaway Cos. Sells Exchange at Westgate in Eastern North Carolina for $58.7M

by Lynn Peisner

LELAND, N.C. — Hathaway Cos. has sold Exchange at Westgate in Leland to Argyle Real Estate Capital for $58.7 million. JLL represented Hathaway in the transaction. The 312-unit property is located at 5214 Browning Lane about 9 miles west of Wilmington. Completed in 2023, Exchange at Westgate features studios, one-, two- and three-bedroom units averaging 931 square feet. The community offers a saltwater pool, fitness center, cyber cafe, clubhouse and grilling areas. Unit interiors are outfitted with granite countertops, stainless steel appliances, wood-style flooring and ceramic tile backsplashes. JLL Capital …

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Macedonia-Cary
DevelopmentNewsNorth CarolinaSoutheast

Woodfield Development, Eagle Realty Group Break Ground on 330-Unit Project in Cary, North Carolina

by Lynn Peisner

CARY, N.C. — Woodfield Development and equity partner Eagle Realty Group — a subsidiary of Cincinnati-based Western & Southern Financial Group — have broken ground on a 330-unit community at 2818 Macedonia Road in Cary. The five-story development will feature approximately 13,500 square feet of interior amenity space including a leasing office with a conference room and outdoor patio; a coworking center; a coffee and gaming lounge; a resident clubhouse with a kitchen, game area, maker’s room and library; a two-story fitness center; dog spa; and a sky lounge with …

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Hathaway-Plano
Investment SalesNewsTexas

Newmark Brokers Sale of Willow Bend in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Newmark has arranged the sale of and financing for Hathaway at Willow Bend, a 229-unit community at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged acquisition financing on behalf of the buyer, Granite Towers Equity Group. The sales and financing figures were not disclosed. Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including a variety of townhome floor plans. …

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Castlewood-Buena-Park
CaliforniaInvestment SalesNewsWestern

The Bascom Group Buys Castlewood Park in Buena Park, California, for $53.2M

by Lynn Peisner

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments in Buena Park for $53.2 million. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged acquisition financing through Brightspire Capital. IPA’s Kevin Green and Joe Grabiec represented the unnamed seller. AMC will provide property management services for the community, while contractor SD-Cap will oversee the planned property renovations. The property was built in 1963. About 60 percent of the units, offered as two-, three- and four-bedrooms, have private yards. Irvine, California-based Bascom plans to renovate …

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