Kushner Cos. drops out of deal to buy a hotel from the Jehovah’s Witnesses
The Kushner Cos. dropped out of a deal to buy a DUMBO residential hotel from the Jehovah’s Witnesses.
The company, which was headed by Jared Kushner until he stepped away to serve as senior adviser to his father-in-law, President Donald Trump, and its investment partners agreed in 2013 to purchase 90 Sands St. as part of a package of Watchtower properties.
The plan was for the Jehovah’s Witnesses to continue to use the hotel until 2017, then close on its sale.