The two billionaires are battling over a piece of real estate in the working-class neighborhood of Inglewood, southwest of downtown Los Angeles.
Kushner Cos. will have to renegotiate its $285 million loan after one of the retail tenants broke its lease.
Being located near public transit can have a substantial impact on the value of office and apartment buildings.
As many markets become oversaturated with self-storage properties, investors are seeing falling rents.