Free Market Evaluation - Send us your resume and we will give you free feedback
NYU Law School Grad from Harlem Missing
NYU Law School Grad from Harlem Missing
Where are the Best Law Schools in the World?
Where are the Best Law Schools in the World?
The Top 11 Northeast Law Schools in Employment Rates
The Top 11 Northeast Law Schools in Employment Rates
Employment Prospect for New Lawyers is Looking Up
Employment Prospect for New Lawyers is Looking Up
Your profile matches an open legal position. Apply now!
Legal Job Listings
Download PDF

Brooklyn Law School Selling Buildings to Kushner Cos. View Count: 102

Six buildings that are used as student housing will be purchased from the Brooklyn Law School by the Kushner Cos., according to The Brooklyn Daily Eagle.

The company is a real estate company headed by the son-in-law of Donald Trump, Jason Kushner. The company is based in Manhattan.

According to The Real Deal, the price to purchase the buildings comes in at $36.5 million.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




“Today, Brooklyn Law School executed a contract and accepted a deposit for the sale of six of our smaller properties,” Nick Allard, Joseph Crea Dean and Professor of Law at BLS, told the Eagle in a statement.

“The Board of Trustees authorized the sale because with a smaller student body we need fewer apartments to meet the housing needs of our students.”

The buildings were originally listed on the market at $41.15 million for all six of them. The six buildings have 110 residential units and are pretty much vacant now.

“The sale of these residence halls takes place at an opportune time in the real estate market,” Allard said. “It made good practical sense to monetize these assets.”

Allard noted that students who apply by May 1 will continue to be guaranteed housing. Housing is provided to more than one-third of its students across three properties.

“The property sale is one of a number of sound, prudent steps taken by the Law School to continue to provide our students with the best educational experience possible,” Allard said.

Brooklyn Law School Selling Buildings to Kushner Cos. by

Tagged: , ,

Posted by on February 25, 2014. Filed under Law School News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Research Attorney
USA-CA-Los Angeles
We have an issue of an L.A. County nonprofit, wherein the appointed board of directors, transitioned the nonprofit to a profit or similar entity, and issued to themselves 1/3 each of all stock of the ...


Apply now

Related Posts: