Josh Kushner’s Thrive Capital invests $3M in Honest Buildings

TRD NEW YORK /
Dec.December 10, 2013 11:11 AM

Real estate scion Jared Kushner has joined the board at real estate network Honest Buildings and his younger brother Joshua’s investment fund, Thrive Capital, has led a $4 million venture capital investment in the start-up.

Manhattan-based Honest Buildings connects developers and landlords with engineers, architects, designers and other vendors. It launched in March 2012, and has since built a network of 5,000 to 10,000 New York City vendors, as The Real Deal has reported.

Thrive contributed $3 million of its own funds, while a pool of other investors provided the other $1 million, a release from Honest Buildings said.

Clients include Vornado Realty Trust, Sitt Asset Management, and Cushman and Wakefield’s property and asset management group, which used Honest Buildings to find engineers for work at 119 West 40th Street, a 355,000-square-foot Midtown office tower it manages.

As of October, Kubiak claimed Honest Buildings has originated $42 million in business through the online platform HB Match.

“It’s a very simple concept but very efficient,” Jared Kushner told the Wall Street Journal. “We were definitely saving money but I care less about that when it comes to building services and more about finding the right person for the job.” [WSJ, 2nd item]Mark Maurer


Related Articles

arrow_forward_ios
Jared Kushner (Photo by Samuel Corum/Getty Images)

Jared Kushner divests stake in Cadre

Jared Kushner and Jho Low (Credit: Getty Images)

Netflix’s “Dirty Money” delves into Jared Kushner, 1MDB scandal

Softbank's Masayoshi Son and Jared Kushner (Credit: Getty Images)

SoftBank wanted Jared Kushner to divest from Cadre

Daily Digest Thursday

WeWork losses soar, SoftBank asked Jared Kushner to divest from Cadre

Josh Kushner and One Hudson Square (Credit: Getty Images and Wikipedia)

Josh Kushner’s Oscar Health doubles their office space at One Hudson Square

Cadre CEO Ryan Cadre, Jared Kushner, and Josh Kushner (Credit: Getty Images)

Kushner-backed Cadre raised $90M through anonymous offshore vehicle since 2017

Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

Karlie Kloss and Josh Kushner are in the market for new digs

Karlie Kloss and Josh Kushner are in the market for new digs

arrow_forward_ios
Loading...