Jun
18
Kushners May Have to Give Up Ownership of Indebted NYC Office Tower
By-
Brookfield could put up to $700 million of equity in 666 Fifth
- Owner needs funds to pay down debt, renovate aging property
When Kushner Cos. bought 666 Fifth Ave. for a record-setting $1.8 billion, it made a down payment of $50 million. When it added a partner years later, that company put down $80 million.
Now Brookfield Asset Management Inc. is offering to buy a stake in the troubled New York City office tower and put up as much as $700 million — in cash…
Kushner’s May Have to Give Up Ownership of Indebted NYC Office Tower
