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Re:Announcing .NET Core 1.1 by enricosada on Thursday November 17, 2016 @12:02PM (#12979161)
.net core 1.1 is the runtime (coreclr + bcl)

the .net core sdk (tooling, the cli command line) is 1.0.0-preview2 and use `project.json`

your xbuild is from mono installed on your system, not .net core

if you download and use the .net core sdk `1.0.0-preview3` you will see the msbuild based csproj in preview3 (run `dotnet new`). msbuild based mean `dotnet build` is calling the msbuild library with `/t:Build` argument.

To explicity run msbuild, you can do `dotnet msbuild`

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