Jared Kushner | The Real Deal New York

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Jared Kushner

CEO
Kushner Companies
666 Fifth Avenue
New York, NY 10103
(212) 527-7000
Website
Jared Kushner

Jared Kushner is the owner of the New York Observer, a newspaper, and principal at Kushner Companies, a multibillion-dollar real estate organization. His father, Charles Kushner, founded the organization in 1985. When Charles was sent to prison in 2005 for filing false tax returns, making illegal campaign contribution, and retaliating against a witness, Jared became the public face of the company. In 2009, Jared married Ivanka Trump, daughter of Donald Trump; he was a leading adviser to Trump in the 20116 presidential race.

As a Harvard undergrad, Kushner bought seven residential properties in Somerville, Massachusetts, upgraded the buildings and sold them at a profit for $21 million.

In 2006, while working toward his JD and MBA at New York University, Kushner bought a stake in the New York Observer for $10 million. In 2007, Kushner’'s firm paid $1.8 billion for 666 Fifth Avenue, a 41-story, 1.5 million-square-foot building between 52nd and 53rd streets. The office portion of the tower began encountering problems after multiple tenants failed to renew leases in the wake of the financial crisis. In late 2011, Kushner refinanced the debt on the property through Vornado Realty Trust. Vornado agreed to inject $80 million of equity into the project in return for a 49.5 percent stake in the tower.


02/17/17
...FHFA's Mel Watt and Jared Kushner Kushner Companies has $568.8 million in loans backed by Fannie Mae...

02/16/17
...From left: Trump Bay Street Liz Krueger, Jared Kushner and Donald Trump (Credit: Trump Bay Street and Getty Images...

02/16/17
As it vies for federal work and funds, Vornado Realty Trust pays the Trump Organization tens of millions of dollars each year for its stakes...

02/15/17
Two city departments accused Bronx landlord Ved Parkash of creating illegal apartments and allowing his building to become a breeding ground for rats. The Department of...

02/10/17
...Jared Kushner and 184 Kent Avenue Kushner Companies' troubled Williamsburg rental building is...

02/10/17
...Current reader favorites: 1. Michael Cohen says so 2. When Jared Kushner came to dinner 3. The gap between luxury and non-luxury rentals...

02/08/17
...Clockwise from left: Jared Kushner, RPM Italian, Tosca Ristorante, the Capitol Hill Club and Founding...

02/02/17
When Donald Trump promised in early January to hand over control of his businesses before becoming president, Trump’s daughter, Ivanka, pledged to do the same...

02/02/17
...Current reader favorites: 1. Jared Kushner sells stake in 666 Fifth Avenue 2. The Long View: The danger...

02/01/17
...Charles Kushner, the father of President Trump's trusted adviser/son-in-law Jared Kushner, is in contract to buy three units at a new...

02/01/17
...It’s official: Trump begins transferring NYC properties into trust 3. Jared Kushner sells stake in 666 Fifth Avenue 4. Here’s what the $10M-...

01/31/17
...Fifth Avenue and Jared Kushner (Credit: Getty Images) UPDATED Jan. 31, 02:47 PM: Jared Kushner sold his...

01/30/17
President Donald Trump began moving his New York City real estate portfolio into the “Donald J Trump Revocable Trust” on Dec. 31 and New Year’s...

01/27/17
George Soros’ Soros Fund Management has quietly been financing the Kushner-backed real estate finance startup Cadre with a substantial credit line, according to sources familiar...

01/22/17
...Jared Kushner and his wife, Ivanka,congratulate Donald Trump after his acceptance...

01/20/17
Surrounded by family and a few pals from the real estate industry, Donald J. Trump on Friday became the 45th President of the United States...

01/20/17
...From left: Laurent Morali, Charlie and Jared Kushner “Am I the leader of the company?” Laurent Morali, the...

01/17/17
The prize went from palm oil plantations in Sierra Leone to desks in co-working spaces in New York. Otherwise, the game remained the same. Renwick...

01/15/17
The largest private residence in Washington, D.C., weighing in at 27,000 square feet, has sold to Amazon founder and Washington Post owner Jeffrey Bezos. ...

01/13/17
Donald Trump was the elephant in the Waldorf Astoria hotel’s ballroom Thursday night, as Chinese and U.S. business leaders gathered for a gala dinner and...

01/11/17
In his first press conference since the election, President-elect Donald Trump announced that he will not completely divest from his vast business holdings and would...

kush-bros-feat
01/10/17
...Jared Kushner, Joshua Kushner and 666 Fifth Avenue Jared Kushner, who is set to join Donald Trump's administration as a...

01/10/17
...Current reader favorites: 1. Jared Kushner set to step down as CEO of Kushner Cos. 2. Paydirt...

01/09/17
...The White House and Jared Kushner Jared Kushner will join his father-in-law’s administration as senior adviser to...

01/09/17
...From left: Rendering of 50 Hudson Yards, Jared Kushner (credit: Getty Images) and 40 Wall Street The era of the...
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  • Event Sales
  • Address 129 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 130,000,000
notes
The package of walk-up building sold for $130 million. The properties are located at 201 East 2nd Street, 23 Avenue A, 129 First Avenue, 143 First Avenue, 338-340 East 11th Street, 165-167 Avenue A, 500 East 11th Street, 504 East 12th Street, 191-193 Avenue A, 435 East 12th Street, 516 East 13th Street, 211 Avenue A and 49 and 1/2 First Avenue.
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
  • Event Sales
  • Address 321 West 44th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 228,268
  • Price $ 95,000,000
  • Price per foot $ 416.18
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Jared Kushner
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom
  • Party 2 East End Capital, GreenOak Real Estate
notes
The property sold for $95 million, the New York Post reported. The New York Observer occupies the building's sixth floor.
  • Event Sales
  • Address 120 MacDougal Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 53,000,000
notes
The package of buildings sold for $53 million, the New York Post reported. The properties, which have a combined 11 stores, are located at 54 Barrow Street, 120 MacDougal Street, 267 East 10th Street, 435 East 9th Street, 156 Sullivan Street, 311 East 11th Street and 311 East 6th Street.
  • Event Sales
  • Address Manhattan portfolio
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 53,000,000
  • Event Sales
  • Address 700 Broadway
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 100,000
  • Price $ 80,000,000
  • Price per foot $ 800.00
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Lincoln Property Co.
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Jared Kushner
notes
The 100,000 sf former headquarters of the National Audubon Society sold for $80 million. The seller purchased the building in 2006 for $53 million. The Society is relocating its offices to 225 Varick Street.

12/28/16
A converted Williamsburg warehouse that was once the base of operations for a prominent bourbon distributor was the priciest condominium filing approved by the New York...

12/21/16
The real estate tech industry in 2016 could be summed up in one phrase: the big kids took over the playground Though there was a...

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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