Page 2 - Nascent Development News Today

United Construction & Development Group founder Chris Xu has acquired a Long Island City development site for $13 million. Highcap Group announced Xu and a group of development partners acquired 46-30 21st Street from the longtime family owners in an all-cash trade. Rodney Nassimian and Josh Goldflam of Highcap Group brokered the sale on behalf of the family which had owned the property for nearly 50 years and was looking to retire from the real estate business. The 100 by 100 ft. property is s...