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So long, neighbor...
Kushner Companies Pulls Out of Two of Brooklyn’s Biggest Development Sites
Kushner Companies has sold off its stakes in two of its biggest Brooklyn properties, apparently in a move to raise cash for its embattled business.
The company held only a minority stake — just 2.5 percent, the New York Post reported — in both the iconic former headquarters of the Jehovah’s Witnesses, now part of a five-building complex now known as Panorama Brooklyn, and the huge development site at 85 Jay Street in Dumbo.
These former Jehovah’s Witnesses properties are two of the biggest development sites in Brooklyn.
https://www.brownstoner.com/real-estate-market/kushner-brooklyn-watchtower-85-jay-street-dumbo-25-columbia-heights/
Kushner Companies has sold off its stakes in two of its biggest Brooklyn properties, apparently in a move to raise cash for its embattled business.
The company held only a minority stake — just 2.5 percent, the New York Post reported — in both the iconic former headquarters of the Jehovah’s Witnesses, now part of a five-building complex now known as Panorama Brooklyn, and the huge development site at 85 Jay Street in Dumbo.
These former Jehovah’s Witnesses properties are two of the biggest development sites in Brooklyn.
https://www.brownstoner.com/real-estate-market/kushner-brooklyn-watchtower-85-jay-street-dumbo-25-columbia-heights/