Lenders are seizing everything these days, including prime new development sites in Aventura and West Brickell. Lehman Bros. is suing developer Sefaor/Tarragon after lending the company nearly $84 million to build a 460-unit high-rise condo at 17900 NE 31st Court in Aventura; the property is now assessed at $40 million. Developer Brickell Citicentre has handed over two vacant, developable blocks at 770-701 S. Miami Avenue to lender iStar Financial, to whom it owes $58.1 million plus interest.
Lenders take prime Aventura, Brickell property
|Dufry signs lease for future HQ at Prologis’ Beacon Lakes|
|Brightline owner’s proposal to build a new Miami-Dade courthouse lives on|
|Developers refinance 2500 Biscayne, sell ownership stakes|
|New renderings of Aston Martin Residences, Estates at Acqualina & more|
|Home sales, prices rose in all three SoFla counties in January: Florida Realtors|