Jared Kushner reportedly placed his Observer Media into a family trust when he joined his father-in-law, President Trump, as an adviser in the White House, the New York Post is reporting.
Kushner, the Post claims, was “secretly engaged in talks to sell his struggling news organization — which had abandoned its weekly print edition right after the 2016 election — to billionaire Univision Chairman Haim Saban and David Brock, the progressive media figure with aspirations to turn the news outlet into “the Breitbart of the left,” according to BuzzFeed.”
Ken Kurson, the paper’s editor at the time, told the Post that Kushner was not the one who initiated talks “and largely recused himself after an initial discussion, according to BuzzFeed. But Kushner’s brother-in-law, Joseph Meyer, the Observer publisher, was part of the sale talks.”
Observer Media’s web site characterizes it as a diversified media, information and services company with interests in digital media such as Observer and Commercial Observer, and information platforms including Realgraph. “Observer is a digital media company, chronicling the world’s power players in business, policy, entertainment, technology, art, travel, real estate and dining. Through credible, authoritative and thought-leadership content, Observer inspires and challenges an urban audience of global thinkers, business leaders and luxury consumers.”
Commercial Observer is the leading commercial real estate media company. Its content, events and platforms connect and inform industry participants of the key trends and leaders defining the global real estate landscape, the company says. RealGraph, a digital platform launched in 2017, connects commercial industry real estate professionals and businesses.
On February 26, Commercial Observer announced that it has expanded its coverage to include the greater Los Angeles metropolitan area. The New York-based publication will bring the same exclusive, in-depth reporting of all aspects of the commercial real estate industry to Los Angeles including leasing, finance, investment sales and design and construction news, it said in a release.
“Coverage of the L.A. market will feature a mix of transactional news, professional profiles, industry insights and bylined articles written by local commercial real estate professionals.
“By expanding its coverage nationally to Los Angeles, Commercial Observer is following the needs of its readers and clients,” said James Karklins, president of Commercial Observer. “Commercial Observer produces best-in-class reporting of the commercial real estate industry, providing a platform that allows companies the opportunity to speak directly to their target audiences–including lenders, owners, brokers and other professional services firms servicing the industry–wherever they are.”
In addition to its breaking news coverage online, the firm added, Commercial Observer has launched a weekly Los Angeles e-newsletter, Los Angeles Weekly Pulse that will deliver regional and national commercial real estate market news directly to more than 10,000 industry professionals across the region.