Is Jared Kushner Getting a “Sweetheart Deal”?...set to receive $400 million from a Chinese company..

[RichardPeterJohnson]

Nothing to see here. Move along....

In 2007, at the tender age of 26, Jared Kushner bought 666 Fifth Avenue for what was then a record-setting $1.8 billion. The message to the New York business world was clear: Kushner, who had taken over his family’s real-estate empire after his father, Charles Kushner, went to prison, was a force to be reckoned with, even if he had only recently become old enough to rent a car. Kushner Companies intended to “expand beyond its extensive holdings in suburban garden apartments to more prestigious urban properties.” And the Kushner name, which had been sullied in the wake of a scandal that involved the family patriarch hiring a prostitute to seduce his brother-in-law, who was cooperating with federal investigators, would rise again.
http://www.vanityfair.com/news/2017/03/is-jared-kushner-getting-a-sweetheart-deal

 

[Airport]

Nothing to see here. Move along....

In 2007, at the tender age of 26, Jared Kushner bought 666 Fifth Avenue for what was then a record-setting $1.8 billion. The message to the New York business world was clear: Kushner, who had taken over his family’s real-estate empire after his father, Charles Kushner, went to prison, was a force to be reckoned with, even if he had only recently become old enough to rent a car. Kushner Companies intended to “expand beyond its extensive holdings in suburban garden apartments to more prestigious urban properties.” And the Kushner name, which had been sullied in the wake of a scandal that involved the family patriarch hiring a prostitute to seduce his brother-in-law, who was cooperating with federal investigators, would rise again.
http://www.vanityfair.com/news/2017/03/is-jared-kushner-getting-a-sweetheart-deal

would rise again? Double entendre?

 

[WVU82_rivals]

sounds like a Clinton Foundation deal...

you didn't have a problem with that...

The Clinton Foundation has raised over $2 billion for philanthropic causes. However, the funding of the organization has come under scrutiny because of donations from foreign governments and potential conflicts of interest during Hillary's terms as Secretary of State.

 

[WVU82_rivals]

China's Anbang denies report of Kushners property investment

http://www.reuters.com/article/us-a...=topNews&utm_source=twitter&utm_medium=Social


China's Anbang Insurance Group [ANBANG.UL] said it is not investing in a Manhattan office tower owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser.

Anbang Insurance Group was named in a Bloomberg report as a possible investor in a $4 billion deal to buy the 41-floor building located at 666 Fifth Avenue, according to a copy of the agreement that was being circulated to attract additional investors.

"The information about Anbang investment in 666 Fifth Avenue is not correct, there is no investment from Anbang for this deal," a spokesman for Anbang said in a statement on Tuesday.

The property was purchased by Kushner Companies in 2006 for $1.8 billion, which at the time was the highest sales price for a single building in Manhattan.

"Kushner Companies is in active discussions around 666 5th Avenue, and nothing has been finalised,” a spokesperson for Kushner Companies said on Tuesday.

Anbang, established in 2004 as an auto insurer, has emerged as one of China's most aggressive buyers of overseas assets in the past two years, spending more than $30 billion buying luxury hotels, insurers and other property assets.

Based in Beijing, Anbang manages some 1.65 trillion yuan ($239.8 billion) worth of assets, and has been involved in some high-profile deals, although a handful did not make it across the finish line.

The Chinese insurer abruptly pulled out of a $14 billion bid for Starwood Hotels & Resorts Worldwide Inc last year, and its attempt to buy U.S. annuities and life insurer Fidelity & Guaranty Life (FGL.N) is facing regulatory hurdles.

In 2014, the insurer bought New York’s landmark Waldorf Astoria hotel from Hilton Worldwide Holdings Inc (HLT.N) for $1.95 billion. The company reportedly plans to convert as many as 1,100 of the hotel’s 1,413 rooms into condominiums.

Kroll Bond Rating Agency said the 666 Fifth Avenue building was 20 percent vacant as of July 2016, and valued the property at $982.1 million.

 

[atlkvb]

Nothing to see here. Move along....

You're right RPJ!