Deals
Kushners Seek New Partners for Tower After Anbang Talks Fail
- Some considered the Chinese company’s terms overly generous
- Ethicists saw potential violation of conflict of interest
Jared Kushner’s Rise to Power Mirrors Trump's
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It would have put $400 million into the pocket of the family of Jared Kushner, President Donald Trump’s son-in-law and most influential adviser. And it would have increased the Manhattan footprint of one of the most powerful Chinese companies.
A proposed deal between Kushner Cos. and Anbang Insurance Group Co., for a refinancing and $4 billion upgrade of 666 Fifth Avenue -- the Kushners’ troubled marquee tower -- raised eyebrows among real estate professionals for being overly generous and drew a congressional request for conflict-of-interest scrutiny. On Tuesday, it fell apart.