Jonathan Kushner’s Kushner Real Estate Group and Ironstate Development jointly acquired a minority equity stake in brokerage Modern Spaces. The buyers did not disclose the amount paid for the holding.
The Queens-based residential brokerage led by Eric Benaim and Ted Kokkoris has been planning an expansion that includes a Jersey City push. Kushner and Ironstate could hire Modern Spaces to lease or sell new development projects in New Jersey, but no arrangement has been made yet, Crain’s reported. [more]