One need only look the towers rising all around us to know that the little guy doesn’t often survive a battle with Big Real Estate…but at 89 Hicks Street, that’s what happened. Crain’s reports that after a class-action lawuit by five tenants, Kushner Cos. re-paid $100,000 that it had overcharged them in “skirting” rent regulation laws. […]
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Kushner Companies Sued Over Alleged Rent Violations At 89 Hicks
Curbed reports that tenants at 89 Hicks Street (photo), which the Kushner Companies bought from Brooklyn Law School, which had used it as a dormitory, in 2014, are suing because they claim the new owners waged a “deceptive, systematic and pervasive pattern of misconduct to skirt rent stabilization laws,” and may have bilked tenants out […]
Watchtower Headquarters Complex Sold; Office Development Planned
The Eagle reports that a joint venture, including Donald Trump’s son-in-law Jared Kushner’s company and two others, has closed on the purchase of the Jehovah’s Witnesses’ headquarters complex, for a reported sum of $340 million. The buyers intend to “turn it into an office campus.”
Two Developers Said to Agree to Buy Witness Headquarters
The Real Deal reports that an investment group led by two prominent Manhattan property owners and developers, Jared Kushner and Aby Rosen, are said to have agreed to purchase the Watchtower headquarters complex at 25-30 Columbia Heights, along with a site on Jay Street in DUMBO that has substantial development rights, for $700 million. No […]
Kushner Will Turn 3 Brooklyn Heights Properties Into Mansions
Developer Jared Kushner will turn three of the properties he acquired from Brooklyn Law School – 100 Pierrepont Street, 27 Monroe Place and 38 Monroe Place – into single family residences, the Real Deal reports. The $36.5 million transaction to buy a total of 6 buildings from the law school closed today. And apparently there […]
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