UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act 1934

Date of Report (~~date~~Date of earliest event reported): ~~October 31~~November 28, 2007

Shea Development Corp.

(Exact name of registrant as specified in charter)

Nevada
(State or other jurisdiction of incorporation)

333-130011	20-8514961
(Commission File Number)	(IRS Employer Identification No.)

3452 Lake Lynda Dr., Suite #350, Orlando, Florida 32817

Orlando, Florida 32817

(Address of principal executive offices) (Zip Code)

(~~407~~770) ~~282~~919-~~3545~~2209

(~~Issuer~~Registrant’s ~~Telephone Number)~~ ~~1351~~telephone ~~Dividend Dr.~~number, ~~Suite~~including ~~G Marietta,~~area ~~GA 30067 (Former name or former address, if changed since last report~~code)

~~Check the~~(Former ~~appropriate~~name ~~box~~or former ~~below~~address, if ~~the~~changed ~~Form~~since ~~8-K~~last ~~filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:~~report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to ~~Rule~~ Rule 14a-12~~(b)~~ under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 71.01. ~~Regulation~~Entry FDInto ~~Disclosure.~~A Material Definitive Agreement

On ~~October~~November 3128, 2007, ~~Philip Loeffel, President of~~ Shea Development Corp. (“Shea” or “Registrant”), ~~was~~entered ~~interviewed~~into an byInterest ~~www.wallst.net~~Purchase Agreement (the “Agreement”) with WOW Global Corporation, LLC (“WOW”) and anthe ~~audio~~two ~~replay~~holders of ~~that~~all the outstanding equity interests in WOW ~~interview~~pursuant ~~was~~to ~~posted~~which onShea ~~October~~agreed ~~31,~~to ~~2007~~acquire onall ~~their~~of ~~website~~the ~~at www.wallst.net. A~~outstanding ~~copy~~equity interests of ~~that~~WOW in a cash and stock transaction. ~~transcript~~The aggregate purchase price is ~~furnished~~payable asin ~~Exhibit~~8,000,000 ~~99.1~~shares ~~hereto~~of Shea common stock and is$5,450,000 ~~incorporated~~in ~~herein~~cash bybefore transaction costs primarily ~~reference~~consisting of legal accounting and advisory fees. InAt ~~addition~~closing, a4,000,000 ~~copy~~shares of Shea Common Stock will be placed in escrow pending the expiration of certain indemnification ~~press~~provisions ~~release~~in ~~announcing~~the Agreement and WOW achieving certain defined profitability goals during the ~~interview~~years isending ~~furnished~~December as31, ~~Exhibit~~2008, 992009 and 2010.2 The ~~hereto~~closing of the transaction is subject to customary closing conditions, including the raising of the $5,450,000 in cash through a debt and/or equity financing transaction. The parties anticipate that isthe ~~incorporated~~closing ~~herein~~will byoccur ~~reference~~in the fourth quarter of 2007.

InCopies ~~accordance~~of ~~with~~the ~~General~~Agreement, ~~Instruction~~and ~~B.2~~the ofpress ~~Form~~release ~~8-K,~~announcing the ~~information~~Agreement ~~contained~~are filed as inExhibit ~~Item~~10.1 7and Exhibit 99.011, ofrespectively, to this Current Report on Form 8-K ~~is being furnished~~ and ~~shall not~~the beinformation ~~deemed~~set toforth betherein ~~“filed”~~is ~~for~~incorporated ~~purposes~~herein ofby ~~Section~~reference ~~18 of the Securities~~and ~~Exchange~~constitutes ~~Act~~a part of ~~1934,~~this asreport. ~~amended~~The ~~(the~~foregoing ~~“Exchange~~outline ~~Act”),~~of ~~or otherwise subject to~~ the ~~liability~~terms of ~~that section. Such~~the ~~information~~Agreement ~~shall~~is ~~not~~qualified bein ~~incorporated~~its entirety by reference into ~~any~~the ~~filing~~Agreement ofwhich ~~the~~is ~~Registrant,~~attached ~~except~~hereto as ~~shall~~ beExhibit ~~expressly provided by specific reference in such filing~~10.1.

~~Safe~~Item ~~Harbor~~9.01. ~~for~~Financial ~~Forward Looking~~ Statements and Exhibits

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, achievements or financial condition of the Registrant to be materially different from any future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. These statements are based on the Registrant's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "would" or variations of such words and similar expressions may identify such forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements are not guarantees of future performance. Factors which may impact them include, but are not limited to, general economic and business conditions, the Registrant's ability to continue as (a ~~going concern, and other factors over which the Registrant has little or no control.~~) ~~All~~Financial ~~such~~ statements are therefore qualified in their entirety by reference to the factors specifically addressed in the sections entitled "Risk Factors" in the Registrant's Annual Report on Form 10-KSB and its Quarterly Reports on Form 10-QSB. New risks can arise and it is not possible for management to predict all such risks, nor can management assess the impact of ~~all~~businesses such risks to the Registrant's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statementsacquired. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements speak only as of the date thereof. The Registrant undertakes no obligation to revise or update publicly any forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof, other than as required by law.

2Not Applicable

~~Item~~(b) Pro ~~9.01~~forma -financial ~~Financial Statements and Exhibits~~information.

~~(a) Financial~~Not ~~Statement of Businesses Acquired~~Applicable

~~Not~~(c) Shell ~~Applicable~~company transactions.

~~(b) Pro-Forma~~Not ~~Financial Information~~Applicable

~~Not Applicable~~(d) Exhibits.

Exhibit Number		Description

10.1		Interest Purchase Agreement

99.1		Press release of the Registrant dated November 28, 2007

~~Not Applicable~~2

~~(d) Exhibits~~SIGNATURES

Exhibit Number
99.1		Transcript of Philip Loeffel interview with www.wallst.net on October 31, 2007.
99.2		Press Release of the Registrant dated October 29, 2007.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SIGNATURE

Date: December 3, 2007	SHEA DEVELOPMENT CORP.

	By:	/s/ FRANCIS E. WILDE
		Francis E. Wilde
		Chairman and CEO

~~Pursuant to~~Exhibit ~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~Index

Date: November 6, 2007	SHEA DEVELOPMENT CORP.
Exhibit Number	Description
	By:	/s/ FRANCIS E. WILDE
10.1	Interest Purchase Agreement
		Francis E. Wilde
99.1	Press release of the Registrant dated November 28, 2007
		Chairman and CEO

Exhibit Index

Exhibit Number		Exhibit Title or Description
99.1		Transcript of Philip Loeffel interview with www.wallst.net on October 31, 2007.
99.2		Press Release of the Registrant dated October 29, 2007.

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