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May

09

The Kushner Project Touted in China Is in Trouble at Home

By Tony Seruga

Jersey City deal lost startup WeWork and city’s help on bonds
Effort shows Kushner pattern of relying on Chinese investors

When Jared Kushner’s sister took the stage in two Chinese ballrooms over the weekend to urge investors to fund a New Jersey development through a controversial visa program, she mentioned her brother’s role in the White House and displayed a photo of President Donald Trump. It was a not-so-subtle signal that hers is a family company with connections.

What she didn’t mention was that the project has suffered a slew of problems: the exit of its anchor tenant, the loss of millions in tax breaks and a curdling political relationship with the mayor of its host city…

The Kushner Project Touted in China Is in Trouble at Home

Categories : Real Estate

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