Paul Hastings LLP, a leading global law firm, announced today that the firm represented Xinyuan Real Estate Co., a Beijing-based company that is listed on the NYSE, in its $54 million acquisition of a parcel of land at 421 Kent Avenue, Williamsburg, New York City. The site was acquired from an entity controlled by New York real estate investor Richard Kalikow.
For its first development in the U.S., Xinyuan Real Estate Co. plans to build a residential condominium building.
Real Estate partner Eric Landau led the Paul Hastings team, which also included associates Daniel Blaser and Lynn Feng.
