Jared Kushner's Times Building Purchase Subject Of Russian Investigation Scrutiny

As investigations into Donald Trump's White House and business dealings widen, Jared Kushner's own business connections to Russia are coming under scrutiny as well.

As special prosecutor Robert Mueller and Congress both continue to search for ties between the Trumps, Kushner and Russia, Kushner's acquisition of a commercial condo in the New York Times building has become one of many targets. In 2015, Kushner and his family business, Kushner Cos., bought a portion of the building from Russian real estate billionaire Lev Leviev for $295M, The Guardian reports.

The transaction first came up due to the $285M Kushner borrowed from Deutsche Bank to complete the transaction. Deutsche Bank and two companies tied to Leviev, Africa Israel Investments and Prevezon, have all recently been the subject of money laundering investigations.

A laundering case against Prevezon led by then-U.S. Attorney Preet Bharara abruptly ended in May, two months after Trump fired Bharara, with a $6M settlement that raised eyebrows. Multiple members of Congress have called for another look at the Prevezon case, and with both Kushner and the Trump family remaining involved in the real estate business as they sit in the White House, deals such as the 2015 Times building acquisition will continue to be the subject of government inquiry.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Pinewood Studios Pays Owners £100M Dividend And Completes £300M Refinancing

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Evergrande Founder Sentenced To Life, 56 Others Sent To Prison In China

Coconut Grove Office Flipped For $15M Gain After One Year

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Century 21 Retail Redevelopment Advances With New Financing, Leases: The N.Y. Deal Sheet

Avison Young Plans Second Major Recapitalization Since 2024

Goldman Sachs To Buy Sale-Leaseback Specialist LCN For Up To $410M

Judge Approves $70M Sale Of Philly's Largest Office Complex