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Kushner

Full company profile

uuid0000gkp

Namestring
Kushner
Legal namestring
Kushner Companies LLC
Websiteurl
kushner.com
Company typeenum
Private
Founded yearint
1985
Descriptiontext

Kushner Companies is a privately held, vertically integrated real estate owner, developer, builder, and operator founded in 1985 by Charles Kushner and headquartered at 767 Fifth Avenue in Manhattan. The company controls $16.1B in assets across 139 communities, comprising 26.8K multifamily units, 5.2M square feet of commercial office space, 2.2M square feet of retail space, and 393 hospitality keys, with an additional 11.5K units in development. Kushner generates revenue primarily through recurring rental income from residential, commercial, and retail tenants, supplemented by one-time development sales to institutional investors and hospitality operations under brand partnerships (including a Princeton Marriott and the Bungalow Hotel).

Its operating model spans land acquisition, in-house construction, asset management, and property management under the Livana multifamily sub-brand and standalone trophy assets such as 660 Fifth Avenue, Dumbo Heights, The Puck Building, and Pier Village. Geographically, the platform is concentrated in the Mid-Atlantic and Sunbelt regions across 14 U.S. states, with formalized regional offices in New Jersey and Florida and recent market entries into Dallas. Capital partners including Blackstone, BDT & MSD Partners, Berkadia, and Cain anchor large-scale development financing, and the firm is led by CEO Laurent Morali and President Nicole Kushner Meyer, with founder Charles Kushner retaining family ownership.

The business has institutionalized since 2019 through senior leadership hires and has expanded its pipeline to over 10,000 units across New Jersey and Florida. Distribution is direct: residential leasing through property websites and on-site offices, commercial leasing through dedicated teams, and development sales to institutional capital partners. The company is not publicly traded, does not disclose revenue, and operates without disclosed AI/ML product capabilities.

Short descriptiontext

Kushner Companies is a privately held, vertically integrated real estate developer and operator founded in 1985, controlling $16.1B in assets across 26.8K multifamily units, 5.2M square feet of commercial space, and 2.2M square feet of retail in 14 U.S. states, serving residential, commercial, and hospitality tenants.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
multifamily real estate development, commercial property management, residential rental properties, hospitality and retail real estate, real estate investment
Industry1 code
1Mixed-Use Property Management
CodeBPAJAGAEPrimaryYes
NAICS code2 codes
  • Lessors of Other Real Estate Property53119
  • Residential Property Managers531311
SIC code3 codes
  • Lessors Of Real Property, Nec6519
  • Real Estate Dealers (For Their Own Account)6532
  • Investors, Nec6799
Product category
Real Estate Development and Property Management
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Rental Income
TypeSubscription Recurring
Description

Kushner generates recurring revenue through leasing multifamily units to residents, with 26.8K multifamily units and 5.2M square feet of commercial space across their portfolio.

kushner.com
2Property Sales and Development
TypeOne Time License
Description

The company generates one-time revenue through the sale and development of residential, commercial, and mixed-use properties, including transit-oriented developments like The Journal in Jersey City and luxury apartment towers.

kushner.com
3Commercial and Retail Leasing
TypeSubscription Recurring
Description

With 2.2M square feet of retail space and 5.2M square feet of office space, Kushner earns rental income from retail and commercial tenants across their properties.

kushner.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Kushner is a diversified real estate organization that acquires, develops, and operates multifamily, commercial, retail, and hospitality properties across the United States. The company manages a portfolio of 26,800 multifamily units across 139 communities, 5.2 million square feet of commercial space, and 2.2 million square feet of retail space. Operations span land acquisition, ground-up development, acquisition of existing assets, and ongoing property management with an in-house construction team.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Achieved 4,000+ homes under construction across six projects in New Jersey (2024)
+2 more records
Product overview1 text field

Kushner is a generational real estate owner, developer, builder, and operator focused primarily on multifamily properties. The company's product portfolio spans multiple property types including multi-family residential (The Journal, Monmouth Square, Livana brand properties, Wynd 27 & 28, Eastline Residences, The Hamilton, The Glover House, Pier Village), commercial office (660 Fifth Avenue, Dumbo Heights, The Puck Building, 65 Bay Street), retail (The Shops at Pier Village, Manhattan and Brooklyn Retail), and hospitality (The Wave Resort, Princeton Marriott at Forrestal, Bungalow Hotel). Kushner operates as a vertically integrated real estate company providing development, acquisition, and property management services across a portfolio of 26.8K multifamily units, 5.2M SF of commercial space, and 2.2M SF of retail space. The company manages 393 hotel keys across its hospitality properties and has 11.5K units currently in development.

Product and service8 records
1The Journal
CategoryMulti-Family Development
Description

A flagship 1,723-unit luxury rental development in Jersey City, NJ adjacent to the PATH station, featuring transit-oriented design and 40,000 retail SF. Targeted at residential renters seeking luxury apartments with commuter access.

2Monmouth Square
CategoryMixed-Use Redevelopment
Description

Redevelopment of the former Monmouth Mall in Eatontown, NJ into 1,000 luxury apartments with 920,000 SF of retail space. Mixed-use redevelopment targeting residential renters and retail tenants.

3Wynd 27 & Wynd 28
CategoryMulti-Family Development
Description

Luxury mixed-use development in Miami's Wynwood arts district featuring 152 rental units with upscale retail, dining, and office spaces. Targeted at residential renters and commercial tenants in Miami's creative district.

4Livana Brand Properties
CategoryMulti-Family Sub-Brand
Description

Multi-family residential sub-brand spanning developments across New Jersey including Livana Colts Neck (360 units), Livana Livingston (280 units), Livana Perth Amboy (602 units), Livana Pier Village (299 units), Livana East Hanover (265 units), and Livana Fair Lawn (307 units). Targeted at residential renters seeking modern apartment living in New Jersey.

5Eastline Residences
CategoryMulti-Family Acquisition
Description

28-story, 330-unit luxury apartment tower acquired in Dallas, TX, representing Kushner's first acquisition within Dallas city limits. Targeted at residential renters in the Dallas market.

6The Hamilton
CategoryMulti-Family Property
Description

276-unit luxury apartment property acquired in 2024 located in Edgewater, Florida. Targeted at residential renters in the South Florida market.

7The Glover House
CategoryMulti-Family Property
Description

226-unit luxury rental property acquired in 2024 near Georgetown in Washington, D.C., featuring studio to four-bedroom units with premium finishes. Targeted at residential renters seeking luxury apartments in the D.C. metro area.

8Pier Village
Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-17
Description

Cain and Kushner firms partnered to pay $43.1 million for a 1.5-acre site in Edgewater, Florida where they plan to build a 364-unit luxury apartment tower, representing a joint venture development partnership.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-03-12
Description

CIM Group partnered with Kushner Companies on the former Watchtower site in Brooklyn Heights, a five-building waterfront property purchased for $340 million in 2016. Kushner pulled out of the partnership in 2018.

3Top Line Investments
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-02-23
Description

Kushner Companies LLC and Top Line Investments acquired Eastline Residences, a 28-story, 330-unit luxury apartment tower in Dallas, Texas, marking Kushner's first acquisition within Dallas city limits.

costar.com
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-10-13
Description

Kushner Companies provided financing to Newgard Development Group for the Natiivo Fort Lauderdale project, a 40-story mixed-use tower with 384 short-term rental condos. Newgard failed to repay a loan with balance of $22.8 million, leading to $25.7 million foreclosure judgment.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

NYC-based, privately held diversified real estate developer with similar multifamily, commercial, and mixed-use portfolio. Comparable scale and focus on high-density urban development makes it the closest peer to Kushner.

TypeDirect peer
Description

Global privately held real estate developer and investor with comparable multifamily, office, and mixed-use portfolio including major NYC trophy assets. Similar institutional capital relationships and family/founder-controlled governance.

TypeDirect peer
Description

Family-owned NYC real estate developer with comparable vertical integration and focus on sustainable, large-scale urban development. Similar generational ownership structure and NYC commercial/mixed-use exposure.

TypeDirect peer
Description

Largest multifamily property manager and developer globally with similar multifamily operating expertise and Sunbelt geographic focus. Comparable scale in residential property management and institutional relationships.

TypeBroad incumbent
Description

Publicly traded NYC-focused office REIT with significant Manhattan office portfolio including properties near 660 Fifth Avenue. Comparable commercial office exposure but operates as a public REIT rather than private operator.

TypeBroad incumbent
Description

Largest NYC-focused office REIT with comparable Manhattan office portfolio. Similar commercial real estate focus but as a public REIT with different capital structure.

TypeBroad incumbent
Description

Global diversified real estate operator with comparable multifamily, office, and mixed-use exposure at much larger scale. Now includes former Forest City Realty Trust, providing direct multifamily peer comparison.

TypeBroad incumbent
Description

Public multifamily REIT with comparable portfolio of luxury apartment communities in high-growth markets including Northeast and Sunbelt regions. Operates at scale with similar development pipeline.

TypeBroad incumbent
Description

Public multifamily REIT focused on urban and high-density suburban markets with comparable luxury rental portfolio. Provides public market benchmark for Kushner's multifamily operations.

TypeEmerging player
Description

Private multifamily developer with similar Sunbelt and urban infill focus, developing Class A apartment communities. Comparable development pipeline approach and luxury multifamily positioning.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Kushner

Real Estate Development and Property Managementkushner.com

Kushner Companies is a privately held, vertically integrated real estate developer and operator founded in 1985, controlling $16.1B in assets across 26.8K multifamily units, 5.2M square feet of commercial space, and 2.2M square feet of retail in 14 U.S. states, serving residential, commercial, and hospitality tenants.

What Kushner does

Kushner Companies is a privately held, vertically integrated real estate owner, developer, builder, and operator founded in 1985 by Charles Kushner and headquartered at 767 Fifth Avenue in Manhattan. The company controls $16.1B in assets across 139 communities, comprising 26.8K multifamily units, 5.2M square feet of commercial office space, 2.2M square feet of retail space, and 393 hospitality keys, with an additional 11.5K units in development. Kushner generates revenue primarily through recurring rental income from residential, commercial, and retail tenants, supplemented by one-time development sales to institutional investors and hospitality operations under brand partnerships (including a Princeton Marriott and the Bungalow Hotel).

Its operating model spans land acquisition, in-house construction, asset management, and property management under the Livana multifamily sub-brand and standalone trophy assets such as 660 Fifth Avenue, Dumbo Heights, The Puck Building, and Pier Village. Geographically, the platform is concentrated in the Mid-Atlantic and Sunbelt regions across 14 U.S. states, with formalized regional offices in New Jersey and Florida and recent market entries into Dallas. Capital partners including Blackstone, BDT & MSD Partners, Berkadia, and Cain anchor large-scale development financing, and the firm is led by CEO Laurent Morali and President Nicole Kushner Meyer, with founder Charles Kushner retaining family ownership.

The business has institutionalized since 2019 through senior leadership hires and has expanded its pipeline to over 10,000 units across New Jersey and Florida. Distribution is direct: residential leasing through property websites and on-site offices, commercial leasing through dedicated teams, and development sales to institutional capital partners. The company is not publicly traded, does not disclose revenue, and operates without disclosed AI/ML product capabilities.

Kushner firmographics

Firmographics
Name
Kushner
Legal name
Kushner Companies LLC
Website
https://kushner.com
Company type
Private
Founded year
1985
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Kushner Companies is a privately held, vertically integrated real estate developer and operator founded in 1985, controlling $16.1B in assets across 26.8K multifamily units, 5.2M square feet of commercial space, and 2.2M square feet of retail in 14 U.S. states, serving residential, commercial, and hospitality tenants.
Ownership category
akta.pro rank

Kushner industry classification

Industry
Product category
Real Estate Development and Property Management
NAICS
Lessors of Other Real Estate Property (53119), Residential Property Managers (531311)
SIC
Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
akta.pro primary industry
Mixed-Use Property Management (BPAJAGAE)

Keywords

  • Multifamily real estate development
  • Commercial property management
  • Residential rental properties
  • Hospitality and retail real estate
  • Real estate investment

Where Kushner is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices3 records

Markets served

Kushner business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

  1. Rental Income: Kushner generates recurring revenue through leasing multifamily units to residents, with 26.8K multifamily units and 5.2M square feet of commercial space across their portfolio.
  2. Property Sales and Development: The company generates one-time revenue through the sale and development of residential, commercial, and mixed-use properties, including transit-oriented developments like The Journal in Jersey City and luxury apartment towers.
  3. Commercial and Retail Leasing: With 2.2M square feet of retail space and 5.2M square feet of office space, Kushner earns rental income from retail and commercial tenants across their properties.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Kushner product offering

Product offering

Core offering

Kushner is a diversified real estate organization that acquires, develops, and operates multifamily, commercial, retail, and hospitality properties across the United States. The company manages a portfolio of 26,800 multifamily units across 139 communities, 5.2 million square feet of commercial space, and 2.2 million square feet of retail space. Operations span land acquisition, ground-up development, acquisition of existing assets, and ongoing property management with an in-house construction team.

Product overview

Kushner is a generational real estate owner, developer, builder, and operator focused primarily on multifamily properties. The company's product portfolio spans multiple property types including multi-family residential (The Journal, Monmouth Square, Livana brand properties, Wynd 27 & 28, Eastline Residences, The Hamilton, The Glover House, Pier Village), commercial office (660 Fifth Avenue, Dumbo Heights, The Puck Building, 65 Bay Street), retail (The Shops at Pier Village, Manhattan and Brooklyn Retail), and hospitality (The Wave Resort, Princeton Marriott at Forrestal, Bungalow Hotel). Kushner operates as a vertically integrated real estate company providing development, acquisition, and property management services across a portfolio of 26.8K multifamily units, 5.2M SF of commercial space, and 2.2M SF of retail space. The company manages 393 hotel keys across its hospitality properties and has 11.5K units currently in development.

Differentiator

Problem solved

Functional benefit

Products and services

  • The Journal A flagship 1,723-unit luxury rental development in Jersey City, NJ adjacent to the PATH station, featuring transit-oriented design and 40,000 retail SF. Targeted at residential renters seeking luxury apartments with commuter access.
  • Monmouth Square Redevelopment of the former Monmouth Mall in Eatontown, NJ into 1,000 luxury apartments with 920,000 SF of retail space. Mixed-use redevelopment targeting residential renters and retail tenants.
  • Wynd 27 & Wynd 28 Luxury mixed-use development in Miami's Wynwood arts district featuring 152 rental units with upscale retail, dining, and office spaces. Targeted at residential renters and commercial tenants in Miami's creative district.
  • Livana Brand Properties Multi-family residential sub-brand spanning developments across New Jersey including Livana Colts Neck (360 units), Livana Livingston (280 units), Livana Perth Amboy (602 units), Livana Pier Village (299 units), Livana East Hanover (265 units), and Livana Fair Lawn (307 units). Targeted at residential renters seeking modern apartment living in New Jersey.
  • Eastline Residences 28-story, 330-unit luxury apartment tower acquired in Dallas, TX, representing Kushner's first acquisition within Dallas city limits. Targeted at residential renters in the Dallas market.
  • The Hamilton 276-unit luxury apartment property acquired in 2024 located in Edgewater, Florida. Targeted at residential renters in the South Florida market.
  • The Glover House 226-unit luxury rental property acquired in 2024 near Georgetown in Washington, D.C., featuring studio to four-bedroom units with premium finishes. Targeted at residential renters seeking luxury apartments in the D.C. metro area.
  • Pier Village

Quantifiable outcome

  • Achieved 4,000+ homes under construction across six projects in New Jersey (2024)
  • +2 more outcomes

Companies that use Kushner

Customer profile

Segments3 records

Ideal customer profiles4 records

Kushner technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Kushner partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • CaincoreStrategic or Co-development Partner · 17 June 2026Cain and Kushner firms partnered to pay $43.1 million for a 1.5-acre site in Edgewater, Florida where they plan to build a 364-unit luxury apartment tower, representing a joint venture development partnership.
  • CIM GroupminorStrategic or Co-development Partner · 12 March 2026CIM Group partnered with Kushner Companies on the former Watchtower site in Brooklyn Heights, a five-building waterfront property purchased for $340 million in 2016. Kushner pulled out of the partnership in 2018.
  • Top Line InvestmentsminorStrategic or Co-development Partner · 23 February 2026Kushner Companies LLC and Top Line Investments acquired Eastline Residences, a 28-story, 330-unit luxury apartment tower in Dallas, Texas, marking Kushner's first acquisition within Dallas city limits.
  • Newgard Development GroupminorStrategic or Co-development Partner · 13 October 2025Kushner Companies provided financing to Newgard Development Group for the Natiivo Fort Lauderdale project, a 40-story mixed-use tower with 384 short-term rental condos. Newgard failed to repay a loan with balance of $22.8 million, leading to $25.7 million foreclosure judgment.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Kushner competitors and assessment

Company assessment

Direct peers

  • The Related Companies: NYC-based, privately held diversified real estate developer with similar multifamily, commercial, and mixed-use portfolio. Comparable scale and focus on high-density urban development makes it the closest peer to Kushner.
  • Tishman Speyer: Global privately held real estate developer and investor with comparable multifamily, office, and mixed-use portfolio including major NYC trophy assets. Similar institutional capital relationships and family/founder-controlled governance.
  • The Durst Organization: Family-owned NYC real estate developer with comparable vertical integration and focus on sustainable, large-scale urban development. Similar generational ownership structure and NYC commercial/mixed-use exposure.
  • Greystar Real Estate Partners: Largest multifamily property manager and developer globally with similar multifamily operating expertise and Sunbelt geographic focus. Comparable scale in residential property management and institutional relationships.

Broad incumbents

  • Vornado Realty Trust: Publicly traded NYC-focused office REIT with significant Manhattan office portfolio including properties near 660 Fifth Avenue. Comparable commercial office exposure but operates as a public REIT rather than private operator.
  • SL Green Realty: Largest NYC-focused office REIT with comparable Manhattan office portfolio. Similar commercial real estate focus but as a public REIT with different capital structure.
  • Brookfield Property Partners: Global diversified real estate operator with comparable multifamily, office, and mixed-use exposure at much larger scale. Now includes former Forest City Realty Trust, providing direct multifamily peer comparison.
  • AvalonBay Communities: Public multifamily REIT with comparable portfolio of luxury apartment communities in high-growth markets including Northeast and Sunbelt regions. Operates at scale with similar development pipeline.
  • Equity Residential: Public multifamily REIT focused on urban and high-density suburban markets with comparable luxury rental portfolio. Provides public market benchmark for Kushner's multifamily operations.

Emerging players

  • Mill Creek Residential: Private multifamily developer with similar Sunbelt and urban infill focus, developing Class A apartment communities. Comparable development pipeline approach and luxury multifamily positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Kushner social profiles

Digital presence

Kushner financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Kushner leadership team

Management profile

Number of profiles

Profiles10 records

Kushner subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Kushner funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Kushner M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kushner

What does Kushner do?

Kushner is a diversified real estate organization that acquires, develops, and operates multifamily, commercial, retail, and hospitality properties across the United States. The company manages a portfolio of 26,800 multifamily units across 139 communities, 5.2 million square feet of commercial space, and 2.2 million square feet of retail space. Operations span land acquisition, ground-up development, acquisition of existing assets, and ongoing property management with an in-house construction team.

Is Kushner a public or private company?

Kushner is a private company. It is classified as family owned and is currently operating.

When was Kushner founded?

Kushner was founded in 1985. It employs 1,001 to 5,000 people.

Where is Kushner based?

Kushner is headquartered in New York, United States, in the North America region.

How does Kushner make money?

Three revenue lines are on record. Rental Income is the primary driver. The others are property Sales and Development and commercial and Retail Leasing.

Who are Kushner's main competitors?

Direct peers on record are The Related Companies, Tishman Speyer, The Durst Organization and Greystar Real Estate Partners. Broad incumbents are Vornado Realty Trust, SL Green Realty, Brookfield Property Partners, AvalonBay Communities and Equity Residential. Mill Creek Residential is listed as an emerging player.

Does Kushner have an API?

No public API is recorded for Kushner.

What industry is Kushner in?

Kushner's product category is Real Estate Development and Property Management. Its primary akta.pro industry code is BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 53119 and its SIC code is 6519.

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Live signals
CostarKRE, Russo land $164 million loan for Bergen Town Center apartmentsKushner Real Estate Group and Russo Development secured a $163.9 million construction loan to develop a multifamily project next to Bergen Town Center in Paramus, New Jersey. The project, named Bergen Chapter, is planned for the former retail parcel adjacent to the shopping center.YahooBuss family meeting left everyone 'spooked', prompted new push to sell remaining sharesFollowing the sale of majority ownership in the Los Angeles Lakers to Josh Harris, a meeting among the Buss family siblings left members unsettled and prompted a renewed push to sell their remaining shares. Sources indicate that two additional siblings joined three others in voting to sell after Walter Buss's stake was sold to Kushner Companies and The Walt Disney Company, while sister Jeanie Buss abstained from the vote.njLabor union sues Jersey City contractors, seeks $2M in unpaid wages for construction workersLIUNA Local 3 and the Laborers’ Eastern Region Organizing Fund filed a lawsuit in Hudson Superior Court against general contractor AJD Construction and subcontractor Concrete Rising, seeking over $2 million in unpaid wages for more than 240 construction workers. The suit targets developers Kushner Companies and Namdar Group for projects in Jersey City, alleging violations of state wage laws after the direct employer filed for bankruptcy. This marks the first lawsuit under a new New Jersey law that holds upstream contractors liable when subcontractors fail to pay their workers.YahooLots of uncertainty but owning an NBA team is less …Disney CEO Bob Iger and Jared Kushner are assembling capital to acquire the Los Angeles Lakers from owner Jeanie Walter, a move reportedly driven by Walter's liquidity crunch amid federal investigations into her insurance empire. The transaction highlights the growing role of private equity in sports franchises, with NBA team valuations rising significantly as leagues loosen ownership rules. Investors view owning an NBA franchise as less risky than large-scale capital commitments to sectors like data centers and AI.DevdiscourseExciting Times in Sports: From FIFA Disputes to Historic NBA DealsCanada has confirmed its participation in the Under-20 Women's World Cup in Poland despite ongoing governance disputes with FIFA. Additionally, a potential $12 billion purchase of the Lakers by Iger and Kushner marks a significant moment in NBA history. Scottie Scheffler is currently leading the FedExCup points as the PGA Tour playoffs begin.DevdiscourseLakers Poised for Record-Breaking $12.5 Billion Sale to Kushner and IgerThe Los Angeles Lakers are reportedly set to be sold for $12.5 billion to businessmen Josh Kushner and Bob Iger, marking a record valuation for a professional sports team. The transition is pending approval from the NBA's Board of Governors, with discussions scheduled for the September meeting in New York. Current owner Mark Walter will retain his other sports holdings after the sale.YahooBob Iger vs. Josh Kushner net worth: How new Lakers billionaire owners made their moneyBob Iger and Josh Kushner have agreed to purchase the Los Angeles Lakers from Mark Walter for $12.5 billion, marking a sports record transaction. Iger serves as the public face of the ownership group alongside Kushner, who brings significant venture capital wealth from Thrive Capital. The deal marks the second consecutive year of ownership change for the franchise.AInvestWitkoff, Kushner may visit Moscow, Kyiv next week: TASSWitkoff and Kushner are reported to be planning visits to Moscow and Kyiv next week, according to TASS. This visit might have strategic implications given the ongoing geopolitical tensions in these regions. Further details on the purpose of their visit have not been disclosed.The Real DealPuck Building condo sells for $42M in off-market dealA condo at the Puck Residences developed by Kushner Companies was sold for approximately $42 million, setting a record for the building. The sale, part of a series of high-value off-market resales, follows previous top sales within the building, including a trophy penthouse for $35 million.AP NewsInfantino abandons plans to sell World Cup profits to private equity following massive pushbackFIFA President Gianni Infantino announced on Friday that he is abandoning his plan to sell World Cup profits to private equity after widespread opposition from soccer governing bodies worldwide, including UEFA, CONCACAF, and the Asian Football Confederation. The $20 billion proposal, which would have created a subsidiary for FIFA's commercial businesses with the Kushner family's New York investment firm as the anchor investor, faced immediate backlash from European nations who agreed to boycott FIFA competitions. The decision represents a significant political setback for Infantino, whose senior adviser Carlos Cordeiro resigned over the plan and whose leadership may now face greater scrutiny ahead of potential presidential elections.