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Another Kushner Property In Trouble
June 25, 2019 at 7:26 am EDT By Taegan Goddard
“Jared Kushner’s family averted disaster last year when a Canadian asset manager swooped in to buy their skyscraper in midtown Manhattan, which had been hemorrhaging millions of dollars. Now they’re facing a similar crisis a few blocks away,” Bloomberg reports.
“At the former New York Times building on West 43rd Street, a graying property in Times Square, the pattern is uncannily similar: Buy at a steep price, pile on too much debt, run up big losses, fight with tenants and flirt with default.”
“It’s the latest example of overreach for a family that built a fortune on suburban rental properties, only to have its urban ambitions stymied.”
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https://politicalwire.com/2019/06/25/another-kushner-property-in-trouble/
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