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Kushner’s $16M Lower East Side hotel deal hits snag

Kushner Companies’ $ 15.7 million purchase of the Hotel on Rivington is on the rocks, according to documents filed in New York Supreme Court Tuesday morning. Kushner Companies is demanding that sellers Paul and Rena Stallings give back the $ 2.2 million deposit on Hotel on Rivington because of an alleged breach of the purchase agreement. A company spokesperson stated that Kushner Companies is under contract and has not closed due to the seller’s inability to fulfill […]

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