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Real Estate Rumors: Lennar, Xinyuan, IMC Equity

Law360 (May 17, 2019, 7:15 PM EDT) -- Homebuilder Lennar Corp. is under contract to buy an 89-acre development site in Davis, Florida, from an affiliate of Home Dynamics Corp., the South Florida Business Journal reported Friday. The deal is for a site at 1950 Hiatus Road where the company hopes to build 79 homes, according to the report. Lennar landed approval to build there in 2017 but is now seeking minor changes to that 2017 zoning plan, the journal said.

Chinese developer Xinyuan Real Estate has landed $30 million of financing from Madison Realty Capital for a project in Flushing, Queens, the Commercial Observer reported Friday, citing sources...

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