Bay Area News Group reporter Victoria Kezra has the latest on the purchase of 24.5 acres in Silicon Valley by the Landsea Holdings Corp.
The sale of the large tract of land in Sunnyvale, Calif. for $186 million opens up plans to build 450 townhomes on the site.
According to Kezra, LandSea reports that the first phase could be completed by December 2017.
Landsea's U.S. division is based in Irvine, but the main company was founded in 2001 in Nanjing, China, and is one of China's largest builders. This will be Landsea's seventh American development and the largest one in the country to date.