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Kushner Cos. pays $39M for Soho retail condo, continuing buying spree

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree285 Lafayette Street, Ashkenazy Acquisition’s Ben Ashkenazy and kushner companies’ charles kushner (credit: google Maps and Sasha Maslov for The Real Deal) Kushner Companies has acquired a Soho retail condominium, continuing a buying spree that includes a major residential portfolio last month.

Kushner Tenants: We Were Pushed Out for luxury condo buyers banging, drilling, dust, rats: Kushner Cos. tenants say relentless construction was used to push them out for luxury condo buyers.

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree Source: The Real Deal New York

Modesto real estate attorney indicted in alleged short-sale fraud Robert Farrace, 51, a Modesto real estate attorney, has been indicted by a federal grand jury for allegedly completing a short sale fraud of one of his properties by setting up an LLC to purchase it. Farrace has been charged with three counts of wire fraud, according the U.S. Attorney’s Office for the Eastern District of California .

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More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.’ relentless construction, along with rent hikes of $500 a month or.

More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.’ relentless construction, along with rent hikes of $500 a month or more, was part of a campaign to push tenants out of rent-stabilized apartments and bring high-paying condo buyers in.

 · 14 Mar 2017, Business News covering Stock Markets, Real Estate, Entrepreneurs, Investors and Economics from around the world brought to you by 15 Minute News

Kushner Tenants Say They Were Ousted for Luxury Condo Buyers. and then the Kushners went on a selling spree. In 2017 alone, the company sold 99 apartments in the building, according to Jared.

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Kushner Companies has acquired a Soho retail condominium, continuing a buying spree that includes a major residential portfolio last month. Kushner paid $39 million for the 31,500-square-foot space at the base of 285 Lafayette Street, according to the New York Post.The deal pencils out to around $1,400 a square foot on a blended average.

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree. Posted: 05 Jun 2019 07:30 AM PDT. Kushner Companies has acquired a Soho retail condominium, continuing a buying spree that includes a major residential portfolio last month. Kushner paid $39 million for the 31,500-square-foot.