The American Developer

USA real estate development news:
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SOUTH FLORIDA: Should a 99-year bayfront lease get more public review time?

A county committee voted 3-1 to defer Terra's Seaquarium lease, citing review time. The plan includes an 83,000-square-foot aquarium, a university research center and 295 wet slips.

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SOUTH FLORIDA: Lenders just put $101M behind a downtown Miami office tower.

RFR refinanced 100 Biscayne with Derby Lane Partners and Axonic Capital, per Commercial Observer. The 317,000-square-foot building went from under 60% to about 90% occupied, according to RFR.

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SOUTH FLORIDA: Aman Group's first wellness-brand tower would rise 1,049 feet on Brickell Bay Drive.

Profile Miami reports a $520M land purchase for the 4.25-acre site, with a 2031 finish estimated. The county roll still lists a different owner on the main folio.

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SOUTH FLORIDA: Four more deals from today's edition.

West Palm: BEKO Equities' $323.4M Portofino South buyout has 32 holdouts
Fort Lauderdale: Merrimac eyes 36 condos on Birch Rd
Kendall: Simon's $555M Dadeland refi, Dec. 3 close
Broward: $8.2M foreclosure auction Nov. 19

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SOUTH FLORIDA: Don King's old jai-alai site sold above the lender's opening bid.

K&K Developers, a Garden Communities affiliate, bid $56.1M for the 53-acre Mangonia Park tract at auction, per CBS12. The lender-affiliated opening bid was $55M.

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SOUTH FLORIDA: Miami shrank a church's historic boundary to clear a 75-story tower.

The board voted 6-1 to cut First Presbyterian's boundary at 609 Brickell Ave to the sanctuary plus 15 feet. 13th Floor Investments and Key International back the tower, per Florida Politics.

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SOUTH FLORIDA: A $67.4M Miami Beach building lists its owner as the contractor.

Permit 2027005355 for a new building at 7400 Ocean Terrace was issued Oct. 26 to 7400 Ocean Terrace LLC, per Miami Beach permit records. The record does not name a developer.

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CHICAGO: Kora Development wants to build 59 apartments on a vacant lot in Edgewater, with 59 parking spaces to match.

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SOUTH FLORIDA: Three Broward condo associations sued their own owners in four days.

Margate Village, Antigua Village I-B and Royal Point recorded lis pendens notices between Oct. 30 and Nov. 2, per Broward County records. It is a distress signal for aging condo stock.

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LA: CIM Group funds based at 4700 Wilshire in Mid-Wilshire have raised $1.28B from 663 investors.

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NYC: Genesis closed $529M in financing on Oct. 15 to renovate 984 Harlem apartments.

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SOUTH FLORIDA: Court documents show 3 Broward condo associations sued unit owners in 4 days.
Every South Florida foreclosure auction is on the AmDev Deal Board.

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DFW: DataBank, the Dallas data center operator, recorded a new deed of trust on its Plano campus on Oct. 26 with no loan amount shown.

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NYC: A Brooklyn owner kept building after a stop-work order, and the city issued the LLC a $25,000 penalty.

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SOUTH FLORIDA: Nuveen sold a 268-unit Coconut Creek apartment complex for $52.6M.

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DFW: Tradition Homes bought Mustang Lakes Phase 8 lots in Celina and pledged others on a Prosperity Bank credit line, per Collin County filings.

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SOUTH FLORIDA: A Coral Gables contractor just packed up and moved to Broward to escape rent that's climbing faster than it can