Connect Commercial Real Estate: Foreign Funds $290M Construction Loan – China

Developers borrowed $290 million from “a foreign capital source” to build 61 luxury condominiums and two stories of ground-floor retail space at 151 East 86th St, on Manhattan’s Upper East Side. The banks that used to make most construction loans have been less active since financial regulations like the international Basel III rules took effect, […]

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The Real Deal: Xinyuan, Pioneering Chinese Developer in NYC

UPDATED, 6:45 p.m., Dec. 18: When Xinyuan Real Estate paid $54 million for a Williamsburg development site in 2012 with plans to build a luxury condominium, the project was heralded as the first go-it-alone venture by a mainland Chinese firm. Two more deals — including last summer’s $66 million acquisition of the RKO Keith’s Theater in Flushing — […]

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Globest: Chinese Developer Xinyuan & Kuafu Properties Form Joint Venture

NEW YORK CITY—Xinyuan Real Estate Co., Ltd., the first real estate developer from China to be listed in the New York Stock Exchange, has formed a joint venture with Kaufu Properties, based in New York. Kuafu was established to bridge Chinese and other Asian investors to the real estate market in the United States. The […]

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