Xinyuan Real Estate Co., Ltd. (XIN: Quote) Friday said that its U.S. development arm, XIN Development Group International, Inc. has acquired a parcel of land, located at Kent Avenue and South 8th Street, in the Williamsburg neighborhood of Brooklyn, New York.
The Williamsburg development site was purchased for $54.2 million. XIN expects to begin construction in the first half of 2013.
Click here to receive FREE breaking news email alerts for Xinyuan Real Estate Co. Ltd. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org