The Real Deal New York

Posts Tagged ‘Jared Kushner’

  • Jared Kushner and 117 Adams Street in Dumbo

    Jared Kushner and 117 Adams Street in Dumbo

    Jared Kushner, RFR Realty and LIVWRK Holdings’ plans for the six-property cluster of Dumbo buildings once owned by the Jehovah’s Witnesses will revamp at least 50 percent of the 1.2 million-square-foot complex into office space. [more]

  • A screenshot of the WiredNYC site and Jared Kushner

    A screenshot of the WiredNYC site and Jared Kushner

    Real estate mogul Jared Kushner was frustrated with what he saw as a lack of transparency around connectivity and broadband access in office buildings. Tenants increasingly rely on high-speed internet for their businesses, but Kushner felt like they were getting shortchanged by a lack of information on what exactly a building could offer. The Real Deal caught up with Kushner to find out more about the WiredNYC initiative, which aims to create a new benchmark for internet connectivity in office buildings…. [more]

  • From left: Jared Kushner and 200 Lafayette Street

    From left: Jared Kushner and 200 Lafayette Street

    JCPenney’s office building at 200 Lafayette Street, owned by a joint venture between Jared Kushner and Los Angeles-based private equity firm CIM Group, will be purchased by real estate investment trust General Growth Properties for just over $150 million in cash. [more]

  • From left: Jared Kushner, the Puck Building at 295 Lafayette Street and Leonardo DiCaprio

    From left: Jared Kushner, the Puck Building at 295 Lafayette Street and Leonardo DiCaprio

    Jared Kushner is unofficially offering up the penthouses at his Puck Building in Soho — and he’s getting plenty of early lookers. One: Leonardo DiCaprio,  Hollywood icon and star of the soon-to-be released “The Wolf of Wall Street.”  DiCaprio checked out penthouses in the $20 million-plus range; the six pads don’t have price tags yet. [more]

  • Jared Kushner and 200 Lafayette Street

    Jared Kushner and 200 Lafayette Street

    A joint venture between Kushner Companies and Los Angeles-based private equity firm CIM Group is set to put a Soho office and retail property at 200 Lafayette Street back on the market, 18 months after it purchased the property, The Real Deal has learned. [more]

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  • From left: Aby Rosen, 90 Sands Street and Jared Kushner

    From left: Aby Rosen, 90 Sands Street and Jared Kushner

    A partnership led by Jared Kushner’s Kushner Companies and Aby Rosen’s RFR Holdings is in contract to buy a portfolio of Dumbo properties from the Jehovah’s Witnesses for $375 million, the New York Post reported. The deal could be Brooklyn’s largest this year. [more]

  • From left: Andrew Mathias, Marc Holliday and Stephen Green (Credit: Steve Friedman)

    From left: Andrew Mathias, Marc Holliday and Stephen Green (Credit: Steve Friedman)

    From the June issue: Last month, SL Green Realty Corp. CEO Marc Holliday flew a group of his key executives and top New York brokers to Louisville for the Kentucky Derby, where Holliday’s horse, Love Train, ran in an undercard race.

    The three-year-old filly didn’t place at Churchill Downs, but Holliday’s Blue Devil Racing Stable has had a strong run, with some $2.5 million in winnings to date, according to thoroughbred racing site Equibase. [more]

  • Jared Kushner

    Updated at 5:50 p.m. April 16: Residents of an East Village building recently acquired by real estate scion Jared Kushner are taking the young mogul to housing court this week over allegations he failed to provide basic services at the property in the two months following the acquisition in February, EV Grieve reported.

    Tenants of the unidentified building allege that Kushner failed to provide heat, hot water and even a locked front door at the property and prioritized securing 7-11 as a tenant on the ground floor over their well-being. Construction work to make way for the new tenant has also caused cracks in the walls of apartments, the tenants said. [more]

  • Jared Kushner and Ivanka Trump

    The next scion of the Ivanka Trump/Jared Kushner real estate family will be born this fall, the New York Post reported. This will be the couple’s second child. Their daughter Arabella Rose turns two years old in July.

    “Ivanka is starting to tell friends and family about her pregnancy,” an unnamed source told the Post. [more]

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    From left: Observer publisher Jared Kushner, Observer CEO Joseph Meyer, CORE co-founder Jack Cayre and CORE CEO Shaun Osher (credit: Patrick McMullan)

    Residential real estate brokerage CORE unveiled its second Manhattan retail office today and had a party last night to celebrate. The rather tasteful, subdued gathering took place in a sleek basement lounge at the Rouge Tomate, an upscale Upper East Side restaurant known for its nutritional offerings, and was hosted by the firm in partnership with the New York Observer, which just launched a new lifestyle supplement to its weekly newspaper…. [more]

  • From left: Jared Kushner and the East Village

    Extending his dominion in the East Village, Jared Kushner has picked up a $28.8 million portfolio of 55 apartment and five retail properties in two in-contract deals, the New York Post Reported.

    The properties were purchased from Icon Realty Management’s Terrence Lowenberg and Todd Cohen, and include 325 East 10th Street on Tompkins Square Park, as well as the nearby 329, 331, 333 and 335 East 9th Street. [more]

  • From left: Jared Kushner, 201 East 2nd Street, 435 East 12th Street and 211 Avenue A (credits: PropertyShark)

    The East Village is a playground for New York City’s urban trendsetters, drawing them to its trendy bars and restaurants in century-old walk-ups. But the neighborhood has also been a battleground for decades between tenants and their advocates allied against residential landlords seeking to profit from the ever-rising rents in the apartments above. [more]

  • From left: Jared Kushner, 118 and 120 East 4th Street

    A group of tenants in the East Village — who live in the cluster of buildings that Jared Kushner recently purchased from Ben Shaoul — are planning to meet to discuss their experiences living in the properties, EV Grieve reported. Though an email announcing the meeting did not specifically mention past problems with Shaoul’s Magnum Real Estate Group, the landlord has earned a reputation for controversy in the neighborhood and beyond. Last winter, tenants complained about unsupervised construction work happening at the buildings, at 118 and 120 East 4th Street, according to the blog Occupy East 4th Street. [more]

  • Jared Kushner

    Johanna Greenbaum, a 32-year-old Harvard graduate who was most recently counsel and deputy chief of staff to Deputy Mayor for Economic Development Robert Steel, has been tapped to lead real estate development for Kushner Companies, Crain’s reported. “Johanna has a remarkable track record overseeing complex projects and brings a fresh approach and new vision for the next generation of real estate we are building across the city,” Jared Kushner, president of Kushner Companies, told Crain’s. Last week, Kushner closed on a $130 million portfolio of 17 walk-up apartment buildings in Downtown Manhattan, as The Real Deal previously reported…. [more]

  • From left: the East Village and Jared Kushner

    UPDATED, 11:25 a.m., Feb. 6: A joint venture between Jared Kushner and an unnamed international investor has closed on a portfolio of 17 walk-up apartment buildings in Downtown Manhattan for a total of about $130 million, a source told The Real Deal. The buildings are situated between East 2nd and East 13th streets, First Avenue and Avenue B, in the East Village. [more]

  • 321 West 44th Street

    Real estate developer Jared Kushner has sold 321 West 44th Street, where his New York Observer newspaper is headquartered, in an off-market, $95 million transaction, the New York Post reported. Real estate investment firms East End Capital and GreenOak Real Estate purchased the 10-story, 228,268-square-foot building, located between Eighth and Ninth avenues. Darcy Stacom of CBRE handled the deal…. [more]

  • The other Kushner

    November 13, 2012 04:30PM

    Joshua Kushner

    From the November issue: Joshua Kushner, the 27-year-old scion of the Kushner real estate clan, is trying to be his own man. And for him — unlike his older brother Jared, who’s running the family’s development firm — that doesn’t involve bricks and mortar.

    “Josh is fiercely independent,” said Joel Cutler, cofounder of General Catalyst Partners, a Cambridge, Mass., venture capital firm and a large investor in Thrive Capital, Josh Kushner’s investment fund. [more]

  • Tallying who won at 666 Fifth Avenue

    August 08, 2012 11:00AM

    From the August issue: When Kushner Companies paid a record $1.8 billion for the aluminum-clad office building 666 Fifth Avenue in 2007, located between 52nd and 53rd streets, the market was still booming.

    But less than two years later, Lehman Brothers had collapsed, and that 10-digit price tag seemed to be an outrageous reminder of a bygone era. Yet company CEO Jared Kushner continued to believe that the retail portion alone could be worth $1 billion. [more]

  • From left: Kushner Companies CEO Jared Kushner, the Skyline Apartments and the Boulevard Apartments

    Kushner Companies acquired two New Jersey apartment buildings, marking its first deal in the state since 2007, when it sold a $2 billion portfolio to AIG. That transaction holds the record for the largest multi-family deal in New Jersey’s history.

    This week’s deal covers 338 units in the Skyline Apartments and Boulevard Apartments complexes, built in the early 1950s by Hekemian & Co and Herbert Klein. The partnership retained ownership of the properties until the sale, which was worth $57.5 million, according to a source with knowledge of the deal. The off-market transaction was brokered by Ivan Dochter of Excel Realty Advisors. [more]

  • 200 Lafayette Street

    As it continues a major corporate overhaul, JCPenney signed a lease for new Soho office space to help lure a more innovative workforce. The New York Post reported it inked a 15-year deal for 130,000 square feet at 200 Lafayette Street, on the corner of Broome Street, a building purchased earlier this year for $50 million by Jared Kushner and CIM Group. [more]