Kushner Cos, CIM Group, LIVWRK Close On Watchtower Purchase
Aby Rosen’s RFR was rumored to be another partner on the deal—one of the largest in Brooklyn’s history—but left for undisclosed reasons, The Real Deal reports. In the past, RFR had teamed up with Kushner and LIVWK to buy five other Witness properties in Dumbo for $375M, repositioning them into the Dumbo Heights complex that houses WeWork and Etsy.
The Witnesses selling spree is the result of their decision to set up a new HQ in Warwick, NY. They're expected to leave the city altogether in the next few months. [TRD]