The WSJ says it is unclear what potential EB-5 violations the subpoena, issued in May, is probing.
Kurshner Cos. will sell $100M in bonds on the Tel Aviv Stock Exchange.
Veris’ board wrote to Kushner, saying the $18.50-per-share offer would continue to undervalue the company.
Kushner joins several other real estate figures as nominees in the Trump administration.
Michael will approve all transactions and he’ll advise the firm’s senior managers on expansion nationwide.
Cadre, the real estate tech startup linked to Jared Kushner, is seeking $65M in funding to reach an $800M valuation.
Investors in Kushner Cos. projects in New York and New Jersey have been subpoenaed by the IRS and the Justice Dept., according to a Bloomberg report.
Facing the prospect of foreclosure and without the $7.5B needed to completely redevelop 666 Fifth Ave., Kushner Cos. has pivoted to a more modest update plan.
Kushner Cos. and KABR Group have received a $200M loan from Citigroup to pay off construction loans for their Trump Bay Street project in Jersey City.
Kushner Cos. sold off much of its New Jersey assets to finance the purchase of 666 Fifth Ave., but it has been buying back into the state recently.
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