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KRE Group told potential Chinese investors they could "work hand-in-hand with Trump son-in-law Kushner” if they invest in the Jersey City apartment.
Deutsche Bank has come under scrutiny for its dealings with the first family, particularly since the bank is Trump’s largest lender.
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Veris, which changed its name from Mack-Cali Realty Corp. said it has evaluated the offer and determined it is not in the best interests of shareholders.
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The financial backing from Fortress Investment Group counters Veris' argument that Kushner lacked the ability to complete the transaction.
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Jared Kushner plans to resign as CEO of family firm as his White House role takes shape.
The lawsuit against Westminster Management LLC focuses on the conditions of 17 apartment communities and a series of illegal rental practices.
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Brookfield bought a 99-year ground lease on the building back in 2018, and has said the Qataris have played no role in the investment.
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Veris’ board wrote to Kushner, saying the $18.50-per-share offer would continue to undervalue the company.
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The project includes a greenwall, a soundproofed jam room and a rooftop garden, among other amenities.
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Jared Kushner has quietly risen to become a major player on the Trump campaign.
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