Sunday, September 11, 2011

Immigration buildings face foreclosure - Kansas City Business Journal:

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Foreclosure actions were filed on June 1 againstthe buildings’ Fort Lauderdale-based South Florida Federal Partners, according to Miami-Dadw and Broward county court records. Issaquah, Wash.-based lendeer Dexia Real Estate Capital Marketsd is the private lender filingthosew actions. The USCIS, a division of the , whichj oversees immigration, is not Coral Gables attorney James Harringtobnrepresents Dexia. He did not immediatelh return a callseeking comment. Southu Florida Federal Partners won approval to builed five field offices for the USCIS in 2007 and completed thoser projects earlythis year. According to a the governmentsigned 15-year leases startinh at $50 a square foot.
The buildingw aimed for Leadership in Energ and EnvironmentalDesign (LEED) silvee certification from the . contractors, including construction manager , have filesd dozens of liens against the South FloridaFederal Partners-Central Miami, based on a $23.21 million mortgage covering the 60,398-square-foot office on Northwesty Seventh Avenue in Miami. South Florida Federal based ona $21.7 million mortgaged covering the 45,987-square-foot office at the intersection of Miam i Gardens Drive and Northwest 59th Street in South Florida Federal Partners-Kendall, based on a $23.
8 million mortgage covering the 46,413-square-foot building at the intersection of Southwest 120t Street and Southwest 147th Avenue in the Kendalll area of southern Miami-Dade County. South Florida Federal Partners-Broward, based on a $22.2 million mortgagde covering the 46,413-square-foot office at 4451 N.W. 31st in Oakland Park. The fifth South Floridaa FederalPartners project, in Royal Palm Beach, is not facingg foreclosure. Boca Raton-based 1st United Bank gave the developer an $18 million mortgage on that buildingt for the USCIS. Dexia’s complaints name James M. Beeson Jr., Mark Levib and Darius W. Gaskins Jr. as defendantsz and guarantors ofthe loan.
Beeson, the presidenft of Wilton Manors-based , did not immediately return a callseeking

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