The Real Deal New York

Posts Tagged ‘Jared Kushner’

  • FHFA’s Mel Watt and Jared Kushner

    Kushner Companies has $568.8 million in loans backed by Fannie Mae and Freddie Mac outstanding, creating the potential for conflicts of interest as White House and Congress debate the future of the two mortgage giants.

    The real estate company owns around 20,000 apartments on the Eastern Seaboard, and has taken out Fannie and Freddie loans to finance 11 acquisitions and refinance 3 properties, mostly in Maryland, according to Real Capital Analytics. [more]

  • From left: Trump Bay Street Liz Krueger, Jared Kushner and Donald Trump (Credit: Trump Bay Street and Getty Images)

    When the EB-5 visa program debuted in 1992, members of Congress said it would spur job growth and whip up a significant amount of capital investment from overseas. But despite vigorous support from the real estate industry and a largely supportive Congress, opposition against the program continues to mount. Critics have taken aim at Ponzi-style schemes, murky sources of funding, and vague job creation results as reasons to pull the plug on the dollars-for-visas program.

    Now, there’s another argument you can toss into that anti-EB-5 political salad: the program is a big, beautiful door through which President Donald Trump can both enrich himself and those around him, according to several New York State Democrats. [more]

  • When Jared Kushner came to dinner

    February 08, 2017 01:00PM By Will Parker

    Clockwise from left: Jared Kushner, RPM Italian, Tosca Ristorante, the Capitol Hill Club and Founding Farmers (Credit: Getty Images RPM, Tosca, Founding Farmers and Capitol Hill Club)

    It was less than two months ago that Jared Kushner, the White House’s Trump-whispering adviser, was spotted in Williamsburg with wife Ivanka Trump, putting fork to pasta at Lilia, an acclaimed Italian joint on Union Avenue.

    The December outing in Brooklyn would seem a departure from Kushner’s usual haunt of Prime Grill—the stuffy Madison Avenue kosher steakhouse where he could regularly be spotted meeting clients—if it weren’t for top guns from Goldman Sachs, whose alumni now pack Trump’s cabinet, dining at a table next to him. [more]

  • Charlie Kushner’s redemption

    February 03, 2017 07:30AM By Katherine Clarke

    Charlie Kushner (Illustration by Edward Kinsella)

    From the February issue:  When real estate broker David Falk’s father died in the fall of 2013, he and his family sat shiva at his Westchester home for several days.

    Later that week, when Falk and his family decamped to his sister’s house in Connecticut to continue the Jewish mourning ritual, Falk felt relieved that his turn to host was over.

    “I was so glad I wouldn’t know anyone there, because I was so tired,” he recalled.

    But while sitting in his sister’s living room, Falk spotted someone he knew approaching the house. Walking toward the front door was Charlie Kushner along with his wife, Seryl, and his eldest son, Jared. Charlie’s presence shocked Falk, who until then had done just a handful of deals with the developer and investor. [more]

  • 666 Fifth Avenue and Jared Kushner (Credit: Getty Images)

    UPDATED Jan. 31, 02:47 PM: Jared Kushner sold his equity stake in 666 Fifth Avenue, once the most expensive office building in America. According to a spokesperson for Kushner Companies, the stake was sold to a family trust, but the company declined to comment on who exactly would control it. [more]

  • From left: George Soros, Jared, and Joshua Kushner (Credit: Getty Images)

    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 with the matter. [more]

  • Jared Kushner and his wife, Ivanka,congratulate Donald Trump after his acceptance speech

    Despite concerns over anti-nepotism rules, Jared Kushner has been cleared by the Department of Justice to work as President Trump’s senior adviser in the White House. [more]

  • From left: Laurent Morali, Charlie and Jared Kushner

    “Am I the leader of the company?”

    Laurent Morali, the new president of Kushner Companies, repeated the question, then answered without a moment’s hesitation. “I am.”

    To many New York real estate insiders, that statement may not carry much weight. Kushner Cos. is a family firm with a storied legacy. It was started in 1985 by Joseph Kushner, a refugee from Poland who became one of New Jersey’s famed “Holocaust builders,” and his son Charlie. Charismatic and hypercompetitive, Charlie ran the firm until 2005, when he went to prison for tax fraud and witness tampering. His son, Jared, has been the CEO and public face of the firm for over a decade, and was expected to continue leading it for decades more. Then, Donald Trump launched his presidential bid. To the surprise of many, Jared joined the campaign as an adviser. To the surprise of many more, Trump won, and Jared declared he’d be leaving the firm to take a job in the White House. So here we are.

    Morali is now the official head of the company. But he’s not a Kushner. What does that really make him? [more]

  • Jared Kushner, Joshua Kushner and 666 Fifth Avenue

    Jared Kushner, who is set to join Donald Trump’s administration as a senior adviser, will step down from all business and board positions he currently holds and sell off dozens of his personal assets. [more]

  • Kushner to join White House as adviser

    January 09, 2017 01:57PM

    The White House and Jared Kushner

    Jared Kushner will join his father-in-law’s administration as senior adviser to the president. [more]

  • From left: Rendering of 50 Hudson Yards, Jared Kushner (credit: Getty Images) and 40 Wall Street

    The era of the $4 billion office tower is upon us.

    Related Companies and Oxford Properties Group are pegging the cost of 50 Hudson Yards, a 2.8 million-square-foot, 985-foot-tall tower, at $3.94 billion. That’s according to an application, spotted by TRD’s Rich Bockmann, that the partners filed with the New York City Industrial Development Agency. The estimate makes it the priciest office building expected to be built in New York, eclipsing 1 World Trade Center (pegged at $3.8 billion). [more]

  • Jared Kushner, 666 Fifth Avenue and Wu Xiaohui of Anbang

    Jared Kushner, 666 Fifth Avenue and Wu Xiaohui of Anbang

    UPDATED, 4:02 p.m., Jan. 8: Jared Kushner is poised to step down as CEO of Kushner Companies, his attorney told the New York Times. The move comes as Kushner, who heads one of New York’s most active real estate investment and development firms, continues to play a central role in the transition team of his father-in-law, President-elect Donald Trump, and is expected to be one of the most influential advisers in his administration. [more]

  • From left: Jared Kushner, Michael Fascitelli and Josh Kushner

    Michael Fascitelli has taken over Cadre’s investment committee as its chair and senior adviser. The former Vornado Realty Trust CEO will now approve all deals and advise the management of the real estate finance startup, which is backed by Jared and Joshua Kushner. [more]

  • From left: 2449 Tracy Place Northwest, Jared Kushner and Ivanka Trump (credits: Washington Fine Properties and Getty Images)

    From Luxury Listings NYCAfter months of rumors, Ivanka Trump and Jared Kushner are officially moving to a new home in Washington, D.C., at 2449 Tracy Place Northwest. [more]

  • “Could I begin life again,” John Jacob Astor is said to have declared, “knowing what I now know, and had money to invest, I would buy every foot of land on the Island of Manhattan.” More than 150 years later, Astor’s lament still rings true for the dreamers who ply their trade in New York real estate. And their collective hustle, ambition and drama made for a riveting narrative in 2016. [more]

  • From left: 85 Jay Street (credit: Google Maps), Criterion’s Chuck Rosenzweig (credit: Cornell) and Jared Kushner

    Kushner Companies, CIM Group and LIVWRK secured a $187 million acquisition loan from Criterion Real Estate Capital to fund their $345 million acquisition of the Dumbo development site 85 Jay Street. [more]

  • Jared Kushner (credit: Getty Images)

    Donald Trump hasn’t agreed to sell off a single cent of his business empire before he becomes president, but his son-in-law, the oft behind-the-scenes political schemer Jared Kushner, appears ready to let his New York Observer go for good.

    Kushner has been quietly shopping Observer Media, fashion industry publication WWD reported Wednesday. The New York Observer newspaper, which recently became online only, was once the most respected — and feared — weekly by the same city elite it so often pilloried. [more]

  • From left: Charles, Josh (credit: Getty) and Jared Kushner

    Jared Kushner and his family are worth an estimated $1.8 billion, roughly half of which comes from their real estate holdings. [more]

  • The Trump whisperer

    December 09, 2016 01:00PM By Katherine Clarke
    Jared Kushner and his wife, Ivanka,congratulate Donald Trump after his acceptance speech last month.

    Jared Kushner and his wife, Ivanka,congratulate Donald Trump after his victory speech last month.

    From the December issue:  As a gangly high school student, Jared Kushner did what most long-limbed kids of his size did: He joined the basketball team. The Frisch School, a well-known private Jewish school in Paramus, New Jersey, took pride in its athletic prowess and had a coach who took losing personally. [more]

  • From left: Ivanka Trump, Jared Kushner and the White House

    From left: Jared Kushner, Ivanka Trump (credit: Getty Images) and the White House

    Jared Kushner and Ivanka Trump may soon ditch New York City for Washington, D.C. [more]