Kushner’s NY property empire close to collapse, urgently seeking financial injection. Will it be rescued by more dirty money from Russians?


From The New York Times
There is no question that the Kushner Companies — Jared has moved to Washington to serve as an adviser to his father-in-law, President Trump — needs to reach a deal soon, either to bring in a fresh infusion of cash or a well-heeled partner willing to foot the bill, if it wants to hold on to the building. Whomever it brings on as an investor would also have to buy out Vornado Realty Trust, the family’s partner in the tower.


More than a quarter of the office space in the building sits vacant. According to an analysis by Trepp L.L.C., a data and analytics firm that tracks bank lending, 666 Fifth Avenue has not generated enough money to pay its debts for several years, forcing the owners to cover the shortfall — at least $10 million in 2015. And that gap is growing

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