The Real Deal New York

Posts Tagged ‘kushner companies’

  • Clockwise from top left: 4 World Trade Center, 56 Leonard and 1290 Sixth Avenue

    A 378,000-square-foot lease at 4 World Trade Center and a 4.6 percent increase in permits filed in January for private homes across the country. In real estate, it’s all about the numbers. To see the most important stats and facts from this past week, watch the video here.

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  • 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]

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  • Asher Abehsera and 55 Prospect Street

    Education-technology company 2U is expected to sign a lease this week for nearly 80,000 square feet at Dumbo Heights.

    The company, which is now headquartered in 20,000 square feet at Chelsea Piers, is taking space on the upper floors of 55 Prospect Street, the Wall Street Journal reported. [more]

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  • Jared Kushner and 184 Kent Avenue

    Kushner Companies’ troubled Williamsburg rental building is now reportedly contending with a wave of unwanted visitors: mice, ants and rats. [more]

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  • 293 Lafayette Street

    Amid the chilly luxury condominium market, Kushner Companies has quietly rented several of its unsold Puck Penthouses. [more]

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  • 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]

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  • 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]

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  • Charles Kushner hired two fellow inmates

    January 27, 2017 11:00AM

    Charles Kushner walking to the U.S. District Courthouse with his wife in 2004 in New Jersey (Credit: Getty Images)

    Charles Kushner hired two fellow inmates at his family company after he was released from prison. [more]

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  • 27 Monroe Place

    UPDATED, 6:09 p.m., Jan. 25: A Brooklyn Heights townhouse asking $16 million is under contract. If sold at that price, it would shatter the record for Brooklyn’s most expensive home. [more]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • Parking lot at 85 Jay Street, CIM’s Shaul Kuba (Credit: Getty Images) and Jared Kushner

    CIM Group, Kushner and LIVWRK this week closed on the second part of their 2016 Watchtower acquisition, buying a development site at 85 Jay Street in Dumbo for $345 million from the Jehovah’s Witnesses. [more]

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  • 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]

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  • Thanksgiving turkey and Jared Kushner

    Thanksgiving turkey and Jared Kushner

    An East Village woman is suing Jared Kushner for, among other things, allegedly spoiling her Thanksgiving. [more]

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  • Laurent Morali and Jared Kushner (credit: Kushner Companies)

    Laurent Morali and Jared Kushner (credit: Kushner Companies)

    Jared Kushner’s Kushner Companies plans to lend $200 million annually to developers over the next five years, according to its president Laurent Morali.

    “We like the opportunity to deploy our capital in a different place in the capital stack,” Morali said, according to the New York Post. [more]

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  • The White House and Jared Kushner

    The White House and Jared Kushner

    The president-elect apparently isn’t subject to conflict of interest laws, but his son-in-law could be. [more]

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  • From left: Jared Kushner, Toby Moskovits and 232 Seigel Street

    From left: Jared Kushner, Toby Moskovits and 215 Moore Street in Bushwick

    As traditional banks tighten the purse strings, Jared Kushner is seeing through a commitment to establish his firm as a peer-to-peer lender. A debt fund under the Kushner Companies umbrella provided a $33 million loan to Toby Moskovits’ Heritage Equity Partners for a new mixed-use office-and-retail project at 215 Moore Street, according to records filed with the city Monday. [more]

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  • 101 MacDougal Street (credit: Melt Kraft) and Jared Kushner

    101 MacDougal Street (credit: Meltkraft) and Jared Kushner

    While Jared Kushner’s father-in-law has pledged to “drain the swamp,” one of the young real estate mogul’s tenants claims his Greenwich Village building is a real quagmire.

    Eran Wasjwol, who ran a grilled cheese Meltkraft franchise at Kushner’s 101 MacDougal Street until this past summer, filed a lawsuit against the landlord claiming the building had a shady electrical hookup and a faulty sewage system that backed up under the restaurant’s floorboards, the New York Post reported. [more]

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