Thursday, 16 April 2020

For Kushner Cos., WeWork could be a problem at Dumbo Heights

The coronavirus crisis has ratcheted up the heat on Kushner Companies as it tries to cover the debt payments on a Brooklyn office complex, where one of its biggest tenants is WeWork. Before the pandemic struck, Kushner Companies was already running tight margins at Dumbo Heights, a four-building property it bought out with RFR Holdings in 2016 for $600 million, according to Bloomberg. Now, WeWork has been asking landlords to cut its rents by as



source https://therealdeal.com/2020/04/16/https-therealdeal-com-2020-04-16-for-kushner-cos-wework-has-become-a-problem-at-dumbo-heights/

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