(Read more on the multifamily market.)
FLORHAM PARK, NJ-Kushner Cos. has put its 18,500-unitresidential portfolio on the market and has hired the tandem of CBRichard Ellis and Goldman Sachs to find a buyer or buyers. Theoffering does not include another 6,500-unit residential group inwhich the company has an ownership interest, or the company's 6.5million sf of office, industrial, hotel and retail properties.
The move signals Kushner's growing appetite for trophyproperties, particularly those located in Manhattan. As reported byGlobeSt.com, the company bought the office tower at 666 Fifth Ave. inManhattan earlier this year, paying a record $1.8 billion for thelandmark asset.
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