Kushner execs pull out of EB-5 roadshow amid ethics fracas

Nicole Kushner Meyer last week invoked brother Jared's name while promoting One Journal Square in China

TRD New York /
May.May 12, 2017 09:20 AM

Nicole Kushner Meyer (Credit: Getty Images)

Amid backlash over its pitch to Chinese EB-5 investors, Kushner Companies TRData LogoTINY executives won’t take part in a roadshow to promote the company’s One Journal Square project this weekend.

Executives from the company, including Nicole Kushner Meyer — whose comments set off a firestorm and raised conflict-of-interest questions — will not take part in sales pitches to investors, reported the Washington Post.

They were expected to appear in the southern cities of Shenzhen and Guangzhou to promote the Jersey City development, according to ads for the events. Kushner Companies is seeking $150 million from EB-5 investors for One Journal Square, a 1,467-apartment luxury tower in Jersey City with a projected cost upwards of $1 billion.

“No one from Kushner Companies will be in China this weekend,” spokesperson Risa Heller said in a statement to the New York Times.

The roadshow, which already made stops in Beijing and Shanghai, is continuing without representatives from Kushner Companies, according to Qiaowai, a Chinese immigration agency that’s working with the developer. The roadshow was advertised as a five-city tour ending in Wuhan in central China.

Meyer grabbed headlines last week when she said One Journal Square “means a lot to me and my entire family.” She also mentioned her brother by name, raising further conflict-of-interest questions.

Chinese state-run media also published reports questioning whether Kushner Companies was benefitting from its White House connection. “Caution urged on Kushner project,” read one headline, in the state-sponsored Global Times newspaper.

Kushner Companies later apologized and said Meyer’s invocation of Jared wasn’t meant to lure investors. White House Press Secretary Sean Spicer said Jared is complying with ethics rules and had “nothing to do” with Kushner Companies’ work in China. [WaPo]E.B. Solomont


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

195 Broadway and L&L Holding's David Levinson and Robert Lapidus (Credit: Google Maps and L&L Holding)

L&L, Safehold lock in $592M in financing for Downtown building

Tore Steen, CEO of CrowdStreet (Credit: iStock)

CrowdStreet lands $12M in financing, hires execs

A rendering of the The Epic in Dallas, Texas and Westdale CEO Joe Beard (Credit: Westdale, Wikipedia)

No panic: Westdale mulls $50M Series B bond raise in Tel Aviv

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

(Credit: iStock)

S&P hits another record, but real estate stocks don’t follow suit

arrow_forward_ios