NY Observer > Kushner Companies http://www.observer.com/taxonomy/term/31160/feed Articles from Observer.com en Carlyle Group Buys Stake in 666 Fifth's Retail for $525 M. http://www.observer.com/2008/real-estate/carlyle-group-close-525-million-purchase-retail-666-fifth-avenue

The Carlyle Group closed today on the purchase of an interest in the retail condo at 666 Fifth Avenue, the tower that Kushner Companies bought last year for a then-record $1.8 billion, according to a source familiar with the deal.

Carlyle Group -– the mammoth private equity group that manages $82.7 billion in 60 funds worldwide and recently, with Ashkenazy Acquisition Corp., bought 650 Madison Avenue for $680 million -- is purchasing this deal in partnership with Stanley Chera's Crown Acquisitions. The 49 percent stake, as reported by Bloomberg News, in the approximately 90,000-square-foot retail portion, which includes a Brooks Brothers and the NBA Store, is valued in the deal at $525 million.  read more »

]]> http://www.observer.com/2008/real-estate/carlyle-group-close-525-million-purchase-retail-666-fifth-avenue#comments Real Estate 666 Fifth Avenue carlyle group Kushner Companies Retail Mon, 30 Jun 2008 14:43:34 -0400 Dana Rubinstein 71400 at http://www.observer.com Jerry Speyer’s Lipstick Collar http://www.observer.com/node/37046 Every so often, a building comes on the block that immediately transcends all others available, even  read more »]]> http://www.observer.com/node/37046#comments Real Estate Dawnay, Day Group Kushner Companies Stuyvesant Town Tishman Speyer Properties LP Sun, 01 Apr 2007 20:00:00 -0400 John Koblin 37046 at http://www.observer.com Macklowes Notch Second-Biggest Building Buy in U.S. History http://www.observer.com/node/36746 Macklowe Properties paid $1.73 billion for Worldwide Plaza at 825 Eighth Avenue, the second-largest  read more »]]> http://www.observer.com/node/36746#comments Real Estate EMI Group plc Jersey City Kushner Companies Manhattan Sun, 18 Feb 2007 19:00:00 -0500 John Koblin 36746 at http://www.observer.com 666 Fifth Avenue Deal Closes http://www.observer.com/node/35664 The most expensive building sale in U.S. history, $1.8 billion for 666 Fifth Avenue, is a closed deal.

Cushman & Wakefield, which arranged the sale, released the news on Tuesday. (No matter that it closed on Jan. 12, according to city records--it's a slow news day).

Kushner Companies is the new owner, Tishman Speyer the seller. (The Observer is owned by Jared Kushner of Kushner Companies.)

The full release after the jump.  read more »

- John Koblin ]]> http://www.observer.com/node/35664#comments Real Estate Cushman & Wakefield Inc. Jared Kushner Kushner Companies Tishman Speyer Properties LP Tue, 30 Jan 2007 05:46:21 -0500 Observer Staff 35664 at http://www.observer.com