Real Estate Weekly: Developer blazing a trail among Chinese investors

Rendering of the Oosten development

XIN Development, the U.S. arm of Xinyuan Real Estate, is a bit of an anomaly among the growing ranks of Chinese real estate investors in New York.

While its peers rely on joint ventures with local developers when they build in the states, XIN finances and builds its projects by itself.

Most of its executives aren’t Chinese and some don’t even speak the language. And while Chinese buyers have shown a disproportionate interest in Manhattan’s trophy towers, XIN chose Williamsburg as the site of its first major U.S. project.

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