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Kushner Companies

666 Fifth Avenue
New York, NY 10103
212.527.7000
Website
kushner-companies
Kushner Companies
Kushner Companies is a privately-held real estate developer and landlord. The family-owned firm holds a portfolio of 20,000 multifamily residential buildings and 12 million square feet of office, industrial, and retail space. Charles Kushner founded the firm in 1985, using the assets of his father Joseph Kushners construction firm as a base. In 2005, Charles son Jared took over as principle after Charles was sentenced to two years in prison. Charles pled guilty to filing false tax returns, making illegal campaign donations, and witness tampering. Under Charles, the firms focus was primarily on New Jersey. Jared refocused it on New York City, where half the companys assets are now located. Unlike his father, Jared works with institutional partners like CIM, Invesco, and Oaktree Capital. In 2007, Kushner Companies acquired 666 Fifth Avenue, a 41-story aluminum-clad office tower, for $1.8 billion from Tishman Speyer Properties and German investment firm TMW. When office rents did not rise as the company had forecast, Kushner brought in Vornado Realty Trust as a partner to inject an undisclosed amount to refurbish the building and make it more attractive to prospective tenants. In exchange, Vornado got a 49.5 percent stake in the building, which is located across from Rockefeller Center. -MK
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02/18/16
Some of the city's top commercial players gathered at Catch for Prince Realty Advisors' annual bash Some of commercial real estate's most prominent players...
fieldbox
02/08/16
Nikki Field of Sotheby’s International Realty is set to step aside as the lead broker at Kushner Companies’ Puck Building, shortly after selling the building’s...
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01/28/16
Jared and Joshua Kushner’s real estate investment startup Cadre raised $50 million in a Series B funding round, bringing the total investment in the firm...
PuckPenthouse
01/20/16
In another sign of softening at the top end of luxury residential market, Kushner Companies is slashing the price of Penthouse 1 at its Puck...
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12/10/15
The developers of Dumbo Heights recently signed another batch of office and retail tenants to the sprawling tech hub now under construction. Tags: Dumbo Heights, Jared...
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11/23/15
Office leasing slowed in the third quarter, but asking rents continued rising in Manhattan, Cushman & Wakefield figures showed. Total leasing volume was 21.9 million square...
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11/09/15
UPDATED, 2:09 p.m., Nov. 13: Westbrook Partners and RXR Realty are in contract to buy a half-million-square-foot commercial property near the Brooklyn Navy Yard for more...
Jared-Kushner
10/20/15
Kushner Companies is chasing tech tenants for its Dumbo Heights project, offering flexible leases pitched somewhere between traditional 10-year agreements and WeWork’s 30-day deals. Tags:...
JaredKushnerChathamfeatured
10/19/15
Jared Kushner’s Kushner Companies scooped up a 308-unit apartment complex in Chatham Township, a wealthy suburban enclave in the developer’s home state of New Jersey,...
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10/16/15
Manhattan may receive all the glory, but Brooklyn is an office powerhouse in its own right. As a stand-alone office market, the Brooklyn Waterfront ranks...
IfeiChangJaredKushnerJohnLiangBoazGiladDvirCohenHoshen1
10/14/15
From left: Greenland's I-Fei Chang, Jared Kushner, Xinyuan's Yong Zhang, Brookland's Boaz Gilad and Adam America's Dvir Cohen Hoshen Brooklyn’s biggest condo developers have a...
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09/22/15
UPDATED: Sep. 22, 12:55 p.m. Companies looking to spend between $60 and $70 per square foot on office space can choose between One World Trade...
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09/21/15
Westbrook Partners and Invesco Real Estate are among the investors bidding on a massive industrial building near the Brooklyn Navy Yard in a deal that...
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09/21/15
Maybe it’s a better investment than a hockey team in South Florida? Panthers owner Vincent Viola has scooped up a 12-story rental building from Brooklyn...
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09/17/15
From his first job, building industrial buildings in New Jersey, to heading a company with a market cap of $17 billion, Vornado Realty Trust’s Steven...
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07/22/15
A 42,000-square-foot warehouse in Gowanus is hitting the market for the first time in more than four decades. Tags: Gowanus, Gowanus Canal, ofer cohen, Terracrg...
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06/11/15
Asher Abehsera and Aaron Lemma’s PWR realty firm has closed on the purchase of a Crown Heights development site near Prospect Park, The Real Deal has learned....
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06/08/15
UPDATED, 10:18 a.m., June 9: Design firm Frog is leaping from its Hudson Square headquarters in Manhattan to Dumbo Heights, where it will take 27,000 square...
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06/03/15
Honest Buildings, an operations and construction management platform for landlords, raised $5 million in a new A-2 funding round led by Circle Ventures, the Milstein...
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05/11/15
LaSalle Investment Management purchased a five-story office condo in Soho from General Growth Properties for $125 million. Tags: 200 lafayette street, lasalle investment management ...
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05/07/15
From the May issue: If there were any outstanding questions about Brooklyn’s viability as an office market, they were put to rest last month, when Hillary...
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05/06/15
International law firm Norton Rose Fulbright is moving one block west to Paramount Group’s 1301 Sixth Avenue, having signed a lease for 107,00 square feet....
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05/06/15
Jared Kushner is bringing condos to a Williamsburg rental building that once housed a Wild Turkey distributor. Kushner Cos. plans to convert the 338 residential units...
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03/27/15
Jared Kushner’s Kushner Companies just closed on a large multifamily portfolio, with 14 buildings scattered over several Manhattan neighborhoods and two in Brooklyn, for $131.5...
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03/25/15
UPDATED, March 25, 2:20 p.m.: E&M Associates just sold an eight-building package in Northern Manhattan to multifamily real estate investment firm Shamah Properties for $44...
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Kushner Companies, Director of Acquisitions
666 Fifth Avenue, New York, NY, (212) 527-7000
Avi Lebor is currently director of acquisitions at Kushner Companies, a family-owned real...
Kushner Companies, CFO
666 Fifth Avenue, New York, NY, (212) 527-7000
Larry Lipton is the chief financial officer of Kushner Companies, a privately-held and...
Kushner Companies, COO
666 Fifth Avenue, New York, NY, (212) 527-7000
Patrick Crosetto is the chief operating officer of Kushner Companies, a privately-held and...
Kushner Companies, Managaing Director
666 Fifth Avenue, New York, NY, (212) 527-7000
Laurent Morali is managing director at Kushner Companies, the privately-held and family-owned real...
Kushner Companies, Founder and Ex-Principal
666 Fifth Avenue, New York, NY, (212) 527-7000
Charles Kushner, born in 1954, is a New Jersey property tycoon and ex-convict....
Kushner Companies, CEO
666 Fifth Avenue, New York, NY, (212) 527-7000
Jared Kushner is the owner of the New York Observer, a newspaper, and...
  • Event Sales
  • Address 184 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 338
  • Price $ 275,000,000
notes
The building was sold for $275 million.
  • Event Office Leasing
  • Address 55 Prospect Street
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Square feet 27,000
notes
The design firm signed a lease to relocate from Manhattan to Brooklyn.
  • Event Office Leasing
  • Address 77 Sands Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 18,800
notes
The luxury jewelry retailer signed a lease to move its office headquarters.
  • Event Retail Leasing
  • Address 167 Avenue A
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 3,680
notes
The Mediterranean restaurant signed a lease.
  • Event Sales
  • Address 321 West 44th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 228,268
  • Price $ 87,500,000
notes
The prewar property sold for $87.5 million.
  • Event Sales
  • Address 2 Rector Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 465,000
  • Price $ 140,000,000
  • Price per foot $ 300.00
notes
The property sold for $140 million, or $300 per square foot, the New York Post reported.
  • Event Sales
  • Address 200 Lafayette Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 50,000,000
notes
The office tower sold for $50 million. The buyers are planning a $20 million renovation to upgrade the building.
  • Event Sales
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2
  • Price $ 1,800,000,000
  • Price per foot $ 1,200.00
notes
The building, which includes 84,855 square feet of retail space on the lower levels, sold for $1.8 billion, or $1,200 per square foot. Tishman Speyer Properties and an investment group bought the building in 2000 for $518 million. The transaction represents the largest single asset sale to date in New York City.
  • Event Sales
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 525,000,000
notes
A 49 percent stake in the building's retail space sold for $525 million. Kushner will continue to own 100 percent of the office portion of the tower, which was acquired last year for a record $1.8 billion.
  • Event Sales
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 38,750
  • Price $ 324,000,000
  • Price per foot $ 8,361.00
notes
The retail space formerly occupied by the NBA Store sold for $324 million, or $8,361 per square foot, to the Spanish retail giant. The space will serve as the new flagship store for Zara. The rest of the building's retail space, currently leased to Uniqlo and Hollister, is also on the market. The purchase price for the Zara space includes the early termination of the NBA Store's lease.
  • Event Sales
  • Address 203 East 4th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 49,000,000
notes
A package of seven walk-ups sold for $49 million. The properties are located at 118, 120-122, 195, 199, 201 and 203 East 4th Street.
  • Event Retail Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2,000
notes
The Swiss watch retailer signed a 15-year lease for the last remaining retail space at the building.
  • Event Retail Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 89,000
notes
The Japanese fashion retailer signed a 15-year lease for $300 million, reportedly a record for retail space in the city. The reported asking rent was $30 million per year; the tenant will pay roughly $20 million per year. Uniqlo also has a location in Soho.
  • Event Retail Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 913
notes
The sandwich chain leased space for another location.
  • Event Retail Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 5,400
notes
The apparel retailer expanded its ground-floor space from 4,400 square feet to 5,400 square feet, moving into the adjacent space being vacated by Hickey Freeman.
  • Event Retail Leasing
  • Address 295 Lafayette Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 39,000
  • Publication Date 11/01/2010
  • Event Date 09/22/2010
  • Party 1 Kushner Companies
  • Party 2 Recreational Equipment
  • Party 2 Brokerage CBRE
  • Party 2 Broker Susan Kurland
notes
The retailer specializing in outdoor-activity gear and apparel signed a 15-year lease for its first Manhattan store. The reported asking rent was about $275 per square foot.
  • Event Office Leasing
  • Address 80 West End Avenue
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 218,000
notes
The nonprofit signed a 30-year lease for the entire building. The tenant recently sold its existing building at 122 East 23rd Street, and is scheduled to relocate to its new facility in the fourth quarter of 2014.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 39,000
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Kushner Companies
  • Party 1 Brokerage TSP
  • Party 1 Broker Gregory Conen
  • Party 2 Millennium Partners
notes
The hedge fund signed a 12-year expansion lease for space on the ninth floor, bringing its total occupancy in the building to 150,000 feet.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,200
notes
The investment bank signed a seven-year lease for space on the 14th floor. This will be the Chicago-based firm's first New York City office.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 30,000
notes
The bank renewed its lease for a private-banking floor.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 81,000
notes
The law firm signed a lease renewal and expansion, adding 6,972 square feet on the 27th floor. The tenant will now occupy almost three full floors in the building.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 55,755
  • Price per foot $ 92.00
  • Publication Date 07/01/2008
  • Event Date 05/22/2008
  • Party 1 Kushner Companies
  • Party 1 Brokerage Tishman Speyer
  • Party 1 Broker Greg Conen
  • Party 2 Victoria's Secret
  • Party 2 Brokerage CBRE
  • Party 2 Broker Eric Deutsch, Ken Meyerson, Jason Pollen
notes
The lingerie and fashion retailer inked a five-year lease renewal for office space.
  • Event Office Leasing
  • Address 200 Lafayette Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 130,000
  • Price per foot $ 68.00
notes
The department store signed a 15-year lease for the entire building, which will be used for its corporate offices, the New York Post reported.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 24,140
notes
The credit asset management and direct lending business signed a lease. The company is relocating from a smaller, 20,000-square-foot space at 551 Madison Avenue.
  • Event Office Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 50,000
notes
The investment research firm signed a new 10-year lease for part of the 10th floor and the entire 11th floor.
To see all, go to Advanced Search
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The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...
IfeiChangJaredKushnerJohnLiangBoazGiladDvirCohenHoshen1
10/14/15
From left: Greenland's I-Fei Chang, Jared Kushner, Xinyuan's Yong Zhang, Brookland's Boaz Gilad and Adam America's Dvir Cohen Hoshen Brooklyn’s biggest condo developers have a...
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New York City real estate is never short of mantras and catch phrases, but few have taken hold of the industry’s collective mind like “safe...
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Bidding wars. All-cash offers. Foreign buyers. Off-market sales. The telltale signs of New York City’s housing crunch have dominated headlines in recent years, as pent-up...
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The uncertain economy kept larger companies at bay in 2012 when it came to buying and leasing Manhattan office buildings. On the investment sales side,...
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Click to enlarge Despite the excitement and anticipation of finding a new office space, corporate relocations always come with risk. There is the chance of signing...
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81 Prospect Street, built in 1909, is the oldest of five industrial buildings...
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55 Prospect Street, built in 1967, is one of five industrial buildings being...
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175 Pearl Street, built in 1918, is one of five industrial buildings being...
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77 Sands Street, built in 1962, is one of five industrial buildings being...
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90 Sands Street is a 30_-story hotel built in 1992 that houses members...
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117 Adams Street, built in 1927, is one of five industrial buildings being...
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