Kushner Deal For $1.4B Manhattan Skyscraper Gets Boost
Graphic by Angelie Zaslavsky
Efforts to breathe new life into an aging Manhattan office building that is the flagship property of the family of President Donald Trump’s son-in-law has gained a green light after a partial owner of the building indicated a willingness to sell.
Steven Roth, chairman and chief executive of Vornado Realty Trust, said in a letter to its shareholders that there had been “much press” recently about 666 Fifth Avenue, a 60-year-old building that Vornado owns with the Kushner family.
“This is an ongoing, complex, dynamic, and unpredictable situation,” Roth said in the letter dated April 4.
Vornado has a joint venture in the building with Kushner Cos., a real estate company whose chief executive until recently was Jared Kushner, an adviser to Trump who is married to Trump’s daughter Ivanka. Jared sold his interests to a family trust in January.
Vornado declined to elaborate on Roth’s letter, first reported by the New York Post late on Friday.
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