The Traderszone Network

Published in TZ Latest News 30 March, 2017 by The TZ Newswire Staff

Kushner-led group buying Invesco out of Dumbo Heights

In a $600 million deal, Kushner Companies, RFR Realty and LIVWRK are buying out their partner Invesco in Dumbo Heights, The Real Deal has learned. Sources familiar with the deal, slated to close Friday, said the five-building office-and-retail development was recently appraised at $700 million. The trio are buying the majority of the complex for $600 million from the current partnership, in which Invesco has the dominant equity stake, sources said. The remaining piece of […]

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