Industry | Online and print media |
---|---|
Founded | 2007 |
Founder | Jared Kushner |
Headquarters | Manhattan, New York City, US |
Key people |
|
Website | www |
Observer Media is an American online media company. [1] [2] [3] The company was formed through several acquisitions, including acquisition of The New York Observer in 2007. [4] [5] [6] Observer Media is based in Lower Manhattan, New York City, and was owned by businessman Jared Kushner until 2016, when he transferred his ownership into a family trust, through which his brother-in-law Joseph Meyer took over his former role as publisher and chairman in 2017. [7] [8] It currently publishes the Commercial Observer and Observer. [9] [10] As of November 2016, Observer Media announced it would no longer print the New York Observer . The Observer site is a consolidation of several notable online properties, including The Gallerist, BetaBeat, NY Politicker, and PolitickerNJ. [11] [12]
In 2007, Jared Kushner began acquiring and merging several print and online media publications into the Observer brand, including The New York Observer, BetaBeat, Gallerist, NY Politicker, SCENE Magazine, and PolitickerNJ. [13] [14] These acquisitions became integrated into the website observer.com (Gallerist was integrated in September 2014, PolitickerNY in March 2014, BetaBeat in January 2015, and PolitickerNJ in August 2016). [15]
In March 2012, Observer Media launched The Commercial Observer, a commercial real estate publication. [16] The organization has since received various awards, including "NAREE's 65th Annual Real Estate Journalism" award, [17] "Best Team Report Silver" award (2013), [18] and "Best Weekly Newspaper Report Silver" award (2014). [19] The Commercial Observer publishes at commercialobserver.com, and also publishes weekly print edition.
Joseph Meyer now owns the company through his investment firm Observer Capital, and serves as chairman and publisher. Jared Kushner has no ownership stake in and has no role in the company.[ citation needed ]
James R. Freiman was named CEO of Observer Media in November 2022. Previously, Michael Rose, the former president of What to Expect, a subsidiary of Everyday Health, was named CEO of Observer Media on October 9, 2019.[ citation needed ]
The Observer online site includes three main content categories: Business, Arts & Entertainment. Observer Media discontinued a print edition called The New York Observer in November 2016. The Commercial Observer online site includes sections such as Leases, Finance, Sales, Design & Construction, Technology, Markets and Events.
In April 2016, former editor-in-chief Ken Kurson was criticized for providing "input" to Donald Trump in a speech given at the annual AIPAC conference. [20] The Observer was also criticized in 2014 for an investigative piece on former New York Attorney General Eric Schneiderman. [21] In July 2016, Observer staff journalist Dana Schwartz published an open letter to her boss Jared Kushner criticizing him for his involvement in Trump's (Kushner's father-in-law) presidential campaign. [22] Shortly thereafter, Kushner responded to the letter defending his contributions to Trump's presidential campaign. [23] Both articles were widely circulated in social media, and attracted attention from various media outlets. [24]
The New York Observer was a weekly newspaper established in 1987. In 2016, it ceased print publication and became the online-only newspaper Observer. The media site focuses on culture, real estate, media, politics and the entertainment and publishing industries.
Charles Kushner is an American real estate developer and disbarred former attorney. He founded Kushner Companies in 1985.
Ivana Marie "Ivanka" Trump is an American businesswoman. She is the second child of Donald Trump, the 45th president of the United States, and his first wife, Ivana. Trump was a senior advisor in her father's administration (2017–2021), and also the director of the Office of Economic Initiatives and Entrepreneurship.
The Frisch School, also known as Yeshivat Frisch, is a coeducational, Modern Orthodox, yeshiva high school located in Paramus, in Bergen County, in the U.S. state of New Jersey. It was founded in 1972 by Rabbi Menachem Meier and Alfred Frisch. The school primarily serves the Jewish communities of northern New Jersey and New York.
Jared Corey Kushner is an American businessman, investor, and former government official. He is the son-in-law of former president Donald Trump through his marriage to Ivanka Trump, and served as a senior advisor to Trump from 2017 to 2021. He was also Director of the Office of American Innovation.
660 Fifth Avenue is a 41-story office building on the west side of Fifth Avenue between 52nd and 53rd Streets in the Midtown Manhattan neighborhood of New York City. The office tower was designed by Carson & Lundin and built for its developer Tishman Realty and Construction from 1955 to 1957.
Kushner Companies LLC is an American real estate developer in the New York City metropolitan area. The company's biggest presence is in the New Jersey residential market.
One Journal Square is a skyscraper complex under construction at Journal Square in Jersey City, New Jersey. It is the fourth tallest building by structural height in Jersey City, construction began in 2022 after significant delays. The first tower topped-out in 2024, while the second tower is under construction, with the entire project expecting completion in 2026. The complex includes twin 52-story high-rises over a 12-story base rising 710 feet (220 m).
The Real Deal is a media company with a focus on New York City, South Florida and Los Angeles. The news outlet was started in 2003 by Amir Korangy, and focuses on both commercial and residential real estate. The online and print publication, which serves as a source for other periodicals, was self-proclaimed "the must-read news source for real estate news," in a profile in the Los Angeles Times in 2009, and "the hot sheet for NYC real estate professionals," by the New York Post.
Joshua Kushner is an American businessman, heir, and investor. He is the founder and managing partner of the venture capital firm Thrive Capital, co-founder and vice-chairman of Oscar Health, and the youngest son of real estate developer Charles Kushner. He is the younger brother of Jared Kushner, son-in-law and former senior advisor to former U.S. President Donald Trump. He is also a minority owner of the Memphis Grizzlies.
Trump National Golf Club is a private golf club located on Lamington Road in Bedminster, New Jersey. Approximately 40 miles (64 km) west of New York City in Somerset County, it is owned and operated by The Trump Organization.
Amir R. Korangy is an Iranian-American publisher and film producer who founded the business magazine, The Real Deal, which focuses on real estate and finance news. He also produced the PBS documentary "Building Stories" about architect Costas Kondylis. Amir Korangy is also an adjunct associate professor of media and real estate at New York University.
Steven Roth is an American real estate investor, the founder and chairman of Vornado Realty Trust, the largest commercial landlord in New York City. He is also co-founder and managing general partner of Interstate Properties, and chairman and chief executive officer of Alexander's.
Kushner Real Estate Group, also known as the KRE Group is an American real estate development company based in Bridgewater, New Jersey. The company has developed, owns, and manages properties throughout New Jersey, New York, and Pennsylvania, including more than 6,000,000 square feet of commercial industrial, and retail property, and more than 9,000 existing apartments, with an additional 7,000 apartments in various stages of approvals and construction. The company controls more than 6 million square feet of commercial industrial, and retail property, and more than 9,000 apartments.
Stanley Isaac Chera was an American billionaire businessman and investor. The founder of Crown Acquisitions. Born in Brooklyn to a Syrian Jewish family, Chera started purchasing real estate in New York City in the 1980s, first as a minority partner and later in the 2000s as the lead developer. In 2017, his net worth was estimated at $4 billion.
Rosemary Teresa Vrablic is an American banker who worked as the managing director and senior private banker of Deutsche Bank's U.S. private wealth management (PWM) business. In 2013, Vrablic was managing assets valued at $5.5 billion on behalf of about 50 clients, 40% of whom had made their money in real estate. Her high-net-worth clients include Herbert Simon, the billionaire owner of the Indiana Pacers, and Jared Kushner. According to the New York times and the Financial Times, she was "Donald Trump’s longtime private banker" before her resignation from Deutsche Bank in December 2020.
RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction. For example, 12 institutional investors participated in a $60 million office building purchase. The firm was named to Forbes' "FinTech50" for 7 years in a row starting in 2016. In 2019, Cadre was the cover story of the Forbes "FinTech 50" issue. In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre. In 2020, Cadre announced its "Direct Access" fund intended to include smaller investors with a $400 million target raise. The company also offers a managed portfolio service and a real estate secondary market, as well as a cash holdings account called "Cadre Cash". The company has announced plans to address racial injustice in the United States by investing at least 10% of its Direct Access fund investments with minority-owned operators and increasing its cash held in black-owned banks.
65 Bay Street is a 50-story apartment tower, originally named Trump Bay Street after Donald Trump and located at 65 Bay Street in Jersey City, New Jersey. It is located adjacent to the Trump Plaza apartment tower, which was completed in 2008. A second Trump Plaza tower had initially been planned but was delayed, and the property for the proposed building was sold several times during the Great Recession.
Avrahm Berkowitz is an American attorney and political adviser who served as the Assistant to the President and Special Representative for International Negotiations from 2019 to 2021. He was an advisor to Jared Kushner in the Trump administration, and worked on the Trump peace plan and the Abraham Accords.
The Kushner family is an American family involved in real estate development. The family originated from Novogrudok, Belarus, and is based in the New York metropolitan area. After surviving the Holocaust and settling in the United States, Joseph Kushner developed a portfolio of 4,000 apartments. He left the business to his sons, Murray and Charles Kushner, who worked together before having a falling-out over business and personal matters. Charles owns Kushner Companies and Murray owns the Kushner Real Estate Group. The net worth of Charles' family has been estimated at over $1 billion. Jared Kushner, Charles' son, was senior advisor to President Donald Trump.
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