Linked Company Nears Deal to Bail Out Jared Kushner Property

Linked Company Nears Deal to Bail Out Jared Kushner Property

A company linked to the Qatari government looks set to bail out White House adviser Jared Kushner's family after they have spent years struggling to sell a stake in their flagship NY property, it has been reported.

White House Senior Advisor Jared Kushner arrives for U.S. first lady Melania Trump's "launch of her initiatives" and "Be Best" campaign in the Rose Garden at the White House in Washington, U.S., May 7, 2018. Jared Kushner left the family business after Trump's election and is now a key adviser to the White House.

The Times notes that, "a$3 lthough he resigned as chief executive of the company when he joined the White House in January 2017, Mr. Kushner retained most of his stake in the firm". Some assets, including 666 Fifth Avenue, were placed into a trust run by his mother.

Andrew Brent, a spokesman for Brookfield, and Christine Taylor, a spokeswoman for Kushner Cos., didn't immediately respond to requests for comment. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.

Brookfield has extensive ties to Qatar.

'Horrific' crash involving school bus, dump truck reported in New Jersey
Saint Clare's Denville Hospital and Dover Hospital emergency departments have received 10 patients, a spokesperson told News 4 . Seventh-grader Alejandro Garcia told The Record that students were told to return to homeroom on Thursday morning.

Revenue Approximations Analysis: ACADIA Pharmaceuticals Inc. (ACAD), Shell Midstream Partners, LP (SHLX)
The stock of Shell Midstream Partners, L.P. (NYSE: SHLX ) has "Equal-Weight" rating given on Thursday, March 29 by Morgan Stanley. Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States.

Money Saving Tips for Business Owners
JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.

Brookfield is a Canadian-based, publicly traded company, but one of its largest shareholders is the Qatar Investment Authority, according to the Times.

The acquiring entity would be a Brookfield-managed private real estate fund, the source said.

The newspaper reported that Brookfield and the Qatar Investment Authority have collaborated on several projects and also both control an office complex in London. Recently Kushner Cos. has lost millions a year on the building due to low occupancy and high mortgage interest payments.

Jared Kushner and his father, current company head Charlie Kushner, had negotiated throughout 2015 and 2016 with Qatari prime minister Sheikh Hamad Bin Jassim Bin Jaber al-Thani, who agreed to invest $500 million in the property.

The deal would buy out the Kushners' current partner, Vornado Realty Trust, which now owns 49.5 percent of the building's offices. Vornado, however, will continue to own the building's valuable Fifth Avenue retail space.

Related:

  • IPL: Unchanged RCB put to bat by Sunrisers

    IPL: Unchanged RCB put to bat by Sunrisers

    It turned out to be a forgettable day for Thampi as he conceded the most runs by a bowler in an innings in the history of T20. The duo went on to forge a crucial 135-run partnership for the third wicket , lifting the visitors to 199 runs in 19.1 overs.
    Reuben Foster's Ex-Girlfriend: Domestic Violence Claim 'A Money Scheme'

    Reuben Foster's Ex-Girlfriend: Domestic Violence Claim 'A Money Scheme'

    San Francisco took Foster with the No. 31 overall pick in the 2017 NFL Draft, but there were plenty of red flags surrounding him. On Thursday, Foster was back in court for a preliminary hearing on his domestic violence, criminal threats, and weapons charges.
    Recommendation Trends Analysis: Abaxis, Inc. (ABAX)

    Recommendation Trends Analysis: Abaxis, Inc. (ABAX)

    Total analysts of 7 have positions in Abaxis ( NASDAQ:ABAX ) as follows: 1 rated it a "Buy", 1 with "Sell" and 5 with "Hold". The company reported the earnings of $0.42/Share in the last quarter where the estimated EPS by analysts was $0.31/share.
  • Fortnite's first competitive mode is Solo Showdown

    Fortnite's first competitive mode is Solo Showdown

    Under Playlists, you'll even find past limited time modes such as 50 vs 50, Solid Gold and so on. There are some pretty substantial prizes to those that can place themselves in the top 100.
    Will Lando Get the Next 'Star Wars' Spinoff? Lucasfilm Clarifies Comments

    Will Lando Get the Next 'Star Wars' Spinoff? Lucasfilm Clarifies Comments

    We'll always show up for Han and Chewie, but the early buzz suggests Lucasfilm picked the wrong sidekick to take center stage. We know Lucasfilm was working on a Boba Fett movie at one point, and rumors of that project have never entirely gone away.
    'Surprising' study suggests exercise may make dementia worse

    'Surprising' study suggests exercise may make dementia worse

    Nearly 500 people with dementia took part, with 329 embarking on a special exercise programme and 165 receiving their usual care. This suggests the type of exercise programme may not have been particularly attractive, particularly to women with dementia.
  • Porn-star hush money: No respite for Trump

    Porn-star hush money: No respite for Trump

    Giuliani said he knew news of the payment would come out, even if he didn't know "exactly when or what would come out". According to ethics document, Trump's income was $25 million in 2017 and more than $15 million from the golf club.
    MTV suspends 'Catfish' production after Nev Schulman accused of sexual misconduct

    MTV suspends 'Catfish' production after Nev Schulman accused of sexual misconduct

    A request for comment from Schulman was not immediately returned. "Catfish" host Nev Schulman was accused of sexual misconduct. The Catfish creator's alleged domestic abuse incident subsequently sparked a petition via Change.org in 2014.
    BATWOMAN (and GOTHAM) Coming to the CW-DCU

    BATWOMAN (and GOTHAM) Coming to the CW-DCU

    Batwoman's addition also means that the Arrowverse will expand to include Gotham City, something many fans have been dying to see.
  • Zuckerberg agrees to European parliament meeting

    Zuckerberg agrees to European parliament meeting

    The news comes a month after the parliament invited Zuckerberg to appear before three of the assembly's committees. This meeting, according to the European parliament president, Antonio Tajani, could happen as soon as next week.
    Keker Reps Indicted Bumble Bee Exec, Insists He's Innocent

    Keker Reps Indicted Bumble Bee Exec, Insists He's Innocent

    Nine current or former Bumble Bee executives, including Lischewski, are on one such list. Two of its executives have also pleaded guilty.
    Bing Bans Cryptocurrency Ads

    Bing Bans Cryptocurrency Ads

    Facebook became the first social media platform to ban ads for cryptocurrencies in January of this year. Bing Ads , Microsoft's advertising service, has chose to disallow cryptocurrency advertising.

Comments

Latest news

FDA approves first non-opioid to treat withdrawal symptoms in adults
The FDA says that Lucemyra decreases the release of norepinephrine, a chemical that mobilizes the body for action. The drug, called Lucemyra (lofexidine hydrochloride), will also help adults who rely on opioids for pain relief.

Keanu Reeves, Winona Ryder reunite in 'Destination Wedding'
Destination Wedding is like a middle finger to those who thought Reeves and Ryder's careers, and the rom-com, were dead. Destination Wedding has just released what could be the best romantic comedy trailer to come along in years.

Flash Flood Watch in effect until 4 am Saturday
Three features are primarily responsible for the heavy rain threat into Saturday. 12 inches of water can float a small auto . A flood watch also was issued for the Fox River, which the Weather Service reports could affect Racine County.

Number of US Births Dropped to 30-Year Low in 2017 — CDC
To many this has come as something of a surprise; the economy is doing pretty well and this is usually matched with a baby boom. Interestingly, the number of women in their 30's having children declined, while those in their 40;s continued to rise.

GQ Magazine's Comedy Issue Mocks Vanity Fair's Previous Photoshop Fail
Magazine's comedy issue uses its cover to mock one of the most ridiculous photoshop errors in recent memory. After Vanity Fair made its gaffe, Witherspoon and Winfrey had fun with it on social media.

Offset Hospitalized After Car Crash in Atlanta, Dodge Challenger Totaled
Offset is the father of three children from previous relationships - two sons, Jordan and Kody, and a daughter Kalea Marie. It is not clear if there was another vehicle involved, but Offset's was the only one seen being towed away from the scene.

New explosion sends ash to 30000 feet above Kilauea volcano in Hawaii
Officials have said they didn't expect the explosion to be deadly as long as people remained out of the closed national park. For those on the ground near the lava vents, health warnings were issued because of unsafe volcanic gases.

The Lizards With Lime-Green Blood
Green blood likely emerged independently in various lizards, which suggests that green blood may have an adaptive value. While analyzing the green-blooded skins, they found that there were four separate lines of green-blooded skins.

Netflix release dramatic trailer for two-hour Sense8 finale
Netflix has released a trailer for Sense8: The Series Finale , which serves as a two-hour finale to the Wachowskis and J.

New York Mets vs
Mets reliever Buddy Baumann batted in the eighth inning for the 17th plate appearance for New York's bullpen this season. Syndergaard's ERA looks great but he has averaged a hit per inning and has not had that dominant game yet this season.

Meghan Markle's youngest bridesmaid is just two years old
The father claims his daughter texted him and doesn't blame him for making a deal with the paparazzi to stage those photos. Holden added that she hopes all of the drama leading up to the wedding doesn't put a damper on the big day.

Ernesto Valverde explains Lionel Messi cameo and Barcelona's South Africa inspiration
Valverde made 10 changes during half-time, but Messi was not among those introduced, leading the crowd to repeatedly chant "Messi, Messi, Messi".

Thomas Markle's surgery keeps him away from daughter Meghan's wedding
The palace says there will be six bridesmaids ranging from two to seven years old and four page boys , ranging from four to seven. Sounds like Meghan Markle isn't going to invite Samantha Markle to Christmas dinner anytime soon.

How Home-based Business Can Benefit from Coworking Spaces
More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.

The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.

Other news