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The Most Important Questions to Ask About the Kushner 666 Fifth Ave. Deal

8 monthes ago   |   By

Bribery, corruption, and real estate have always gone hand in hand. If I give you a suitcase containing $500,000 in cash, that's extremely suspicious. But if I buy a property from you for $1.6 million, it's almost impossible to determine that the “real” value was only $1.1 million and that therefore $500,000 of the payment was somehow nefarious.
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Brookfield in talks to acquire stake in Kushner-owned tower: source

8 monthes ago   |   By

NEW YORK - Brookfield Property Partners is in talks to acquire a stake in a Fifth Avenue office tower majority owned by a company that was previously run by Jared Kushner, son-in-law of President Donald Trump, a source familiar with a potential deal said on Thursday.
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Jared Kushner's family company is nearing a major real estate bailout with a company tied to Qatar's government

Jared Kushner's family company is nearing a major real estate bailout with a company tied to Qatar's government

8 monthes ago   |   By

Kushner Companies is closing in on a major deal with a company tied to the government of Qatar to save its financially imperiled Manhattan tower.
If the bailout is finalized, it will likely raise concerns about Jared Kushner's work as the White House lead on Middle East policy.
This comes amid reports that the president's longtime personal lawyer, Michael Cohen, solicited $1 million from the government of Qatar in 2016 for access and insight into the Trump administration.
Jared and Charles Kushner's $1.8 billion purchase in 2007 of 666 Fifth Avenue, a 41-story tower in midtown Manhattan...
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Jared Kushner's Company Nears Deal With Qatari-Backed Firm: Report

8 monthes ago   |   By

The New York Times reported Kushner Companies is closing in on a deal with Brookfield Properties to over a Manhattan skyscraper the company is losing money on.
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Jared Kushner's Family Has Been Looking for Help With a Troubled Office Tower for Years. Qatar Might Bail Them Out

8 monthes ago   |   By

Kushner Cos. is nearing a deal with a unit of Brookfield Asset Management Inc. to salvage its investment in an over-leveraged office tower, according to a person familiar with the talks.
The deal would buy out the Kushners' current partner, Vornado Realty Trust, which currently owns 49.5 percent of the building's offices. Vornado would continue to own the building's lucrative retail spaces. Brookfield would do the deal through its real estate arm, Brookfield Property Partners, said the person, who asked not to be identified because the talks are private.
The top shareholder in that...
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Power Briefing: Ryan wants immigration deal to win over ‘vast majority' of Republicans and some Dems

8 monthes ago   |   By

KUSHNER INC. - “Kushners Near Deal With Qatar-Linked Company for Troubled Tower,” by NYT's Charles Bagli: “The company controlled by the family of the White House adviser Jared Kushner is close to receiving a bailout of its financially troubled flagship building by a company with ties to the government of Qatar, according to executives briefed on the deal. “Charles Kushner, head of the Kushner Companies, is in advanced talks with Brookfield Properties over a partnership to take control of the 41-story aluminum-clad tower 666 Fifth Avenue in Midtown, according to two real estate executives...
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Brookfield in advanced talks to bail Kushner Companies out at 666 Fifth: report

8 monthes ago   |   By

Brookfield Property Partners is in advanced talks with Kushner Companies to partner up on 666 Fifth Avenue. Financial terms of the deal were not disclosed, but the arrangement would see Brookfield take over leasing and operations of the 41-story tower and spend hundreds of millions to overhaul the building, executives briefed on the pending deal told the New York Times. The renovation would include replacing the distinctive aluminum façade with floor-to-ceiling windows, renovating the lobby...
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Kushners Near Deal With Qatar-Linked Company for Troubled Tower

8 monthes ago   |   By

The family's company is in advanced talks with Brookfield Properties, a real estate company with ties to Qatar, for a stake in 666 Fifth Avenue in Midtown.
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