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

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An AP investigation found that over the past three years, more than 250 rent-stabilized apartments – 75 percent of the building – were either emptied or sold as the Kushner Cos. was converting.

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Deutsche Bank, Goldman Sachs and Wells Fargo have agreed to lend $1.4 billion to finance a Related Cos. partnership’s acquisition of an office condominium at a new 101-story tower in Manhattan’s massive hudson yards development.related and its partner, Allianz Real Estate of America, are buying the 1.5-million-square-foot condo from.

The Kushner Cos. wants to turn the Williamsburg building into condos. Mary Altaffer/AP . Residents of a building in Brooklyn have brought a lawsuit against Jared Kushner’s real estate company.

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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.

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Kushner Cos. pays $39M for soho retail condo, continuing buying spree The Kushner Cos. wants to turn the Williamsburg building into condos. mary altaffer/ap . Residents of a building in Brooklyn have brought a lawsuit against Jared Kushner’s real estate company.

Sale of 285 Lafayette St on June 5, 2019 in New York, NY. Kushner Cos. pays $39M for Soho retail condo, continuing buying spree Source: The Real Deal New York

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.

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