Fried, Frank, Harris, Shriver & Jacobson LLP

06/10/2025 | Press release | Distributed by Public on 06/11/2025 13:04

Kushner Companies Takes Preferred Equity Position in 24-19 Jackson Avenue

Fried Frank acted as counsel to Kushner Companies in connection with its US$97.5 million preferred equity investment with its partner, OnelM, in 24-19 Jackson Avenue as part of Tavros Capital and Charney Companies US$525 million financing package. Madison Realty Capital provided US$425 million of mortgage and mezzanine construction financing for the development of a 55-story, 600-unit residential tower which will soon begin rising in Long Island City. The project is slated for completion in 2028.

The Fried Frank team was led by real estate partners Nathaniel Lifschitz, Adam Streicher and Jonathan Mechanic.

Fried, Frank, Harris, Shriver & Jacobson LLP published this content on June 10, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 11, 2025 at 19:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io