Kushner Cos. in talks to buy out partner in Fifth Ave tower
Source: AP
NEW YORK (AP) — The family real estate company once run by White House adviser Jared Kushner is in talks to buy out its partner in a Manhattan skyscraper that has been losing money for years.
Kushner Cos. spokeswoman Christine Taylor said on Tuesday that the real estate developer is negotiating with Vornado Realty Trust for its 49.5 percent stake in 666 Fifth Avenue. Kushner Cos. had sought billions from abroad to raze the 1950?s-era office tower and replace it with a more modern building, but critics said the financing raised conflicts of interest issues with its former CEO in the White House helping to shape foreign policy.
Taylor said she could not comment about whether the Kushners would bring in other partners to buy the Vornado stake, or any other details. Vornado did not respond immediately to a request for comment.
The building has been losing money since Jared Kushner bought it for a record $1.8 billion in 2007. About a third of its offices are vacant, and a $1.2 billion mortgage is coming due early next year.
Read more: https://apnews.com/d039e47c6be34a7ba1da804ee3b87cc0/Kushner-Cos.-in-talks-to-buy-out-partner-in-Fifth-Ave-tower
= new reply since forum marked as read
If these fall through -
O.T. but you have the absolute best sig line on DU! 
Oh and, thank you for the compliment. 
