As Kushner Companies plans a top-down renovation of its Manhattan headquarters, the real estate empire is losing tens of millions of dollars each year on the Fifth Avenue property, as vacancy rates remain high and the cost of debt service balloons. According to the Real Deal, after Citibank left the premises three years ago, the…
Kushner Companies, the real estate powerhouse that owns properties throughout the New York metro area, has been planning to remake its Fifth Avenue headquarters for some time. But according to the latest reports, the renovations could be far more ambitious than previously thought, adding extra floors and a hotel to the office tower. Under the…
A sprawling Caribbean estate first owned by Benjamin de Rothschild, complete with a coconut grove and private beach, can be yours for a hot $67 million. The “Girasol” property, located on the French-Dutch island of St. Barts, otherwise known as St. Barthelemy, includes two villas, with six bedrooms in total. Its private shoreline runs for…
Wanna live in the Bard’s brownstone? Better start saving now. The opulent four story Harlem townhouse where Bob Dylan lived for 14 years has just hit the market for a cool $3.7 million. “Dripping with details,” the brownstone sits on Striver’s Row, a stretch of West 139th Street that attracted affluent African Americans during the…
Joseph Sitt, the founder of the global real estate firm Thor Equities, is the secretivebuyer of Brooklyn’s priciest residential property last year. The $11.6 million house is in Gravesend, the seat of the Syrian Jewish community that Sitt was born into and to which he still belongs. The house is 5,000 square feet, and its…
George Soros has been a fierce critic of President Donald Trump, denouncing him at a recent conference in Switzerland as a “would-be dictator.” But that doesn’t mean he’s above doing business with the president’s in-laws — the billionaire investor is said to have given $250 million in credit to Jared Kushner and Joshua Kushner’s real estate…
Mark Zuckberg might have started the world’s premier social network, but he’s not in the mood for new friends when’s he on holiday at his 700-acre estate on Kauai. He’s now suing hundreds of Native Hawaiian families who own small plots in the middle of his estate, giving them the right to traverse his lands,…
New York developer Bruce Ratner is pulling out his real estate know-how in a nasty divorce battle, trying to boot his soon-to-be ex-wife from her Manhattan plastic surgery practice, her attorneys charge. Ratner has tried to gain the upper hand in the fight through “gamesmanship,” demanding that Lipkin vacate the premises on East 62nd Street,…
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