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LetMyPeopleVote

(149,311 posts)
Mon Mar 1, 2021, 12:29 AM Mar 2021

Kushner's Times Square Center Moves Toward Foreclosure

Jared's family does not have MBS or UAE to bail them out




A Times Square retail property owned by Kushner Cos., the family company of former presidential adviser Jared Kushner, is a step closer to foreclosure, according to loan documents.

“Legal counsel has been engaged and foreclosure actions have been filed,” according to Wells Fargo & Co., the trustee on the debt.

Representatives for Kushner Cos. didn’t immediately respond to a request for comment.

The building at 229 West 43rd Street, which used to house the New York Times, is only about half occupied. It was reappraised at $92.5 million in 2020 and counted Bowlmor and, until December, Guitar Center as tenants. The building was appraised at $470 million in 2016.


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Kushner's Times Square Center Moves Toward Foreclosure (Original Post) LetMyPeopleVote Mar 2021 OP
I hope Jared starts failing downward rapidly Blue Owl Mar 2021 #1
What??? Popcorn 51 Mar 2021 #2
Just Another brick in the wall Deuxcents Mar 2021 #3
My heart is broken for the little shit Hekate Mar 2021 #4
All I wanna know is, how much will it cost him? Hermit-The-Prog Mar 2021 #5
They all got rich of the Trump Presidency Johnny2X2X Mar 2021 #6

Deuxcents

(17,410 posts)
3. Just Another brick in the wall
Mon Mar 1, 2021, 01:30 AM
Mar 2021

Are his decisions gonna signal a crash or is he cashing out for his new residence in Florida?

Johnny2X2X

(19,992 posts)
6. They all got rich of the Trump Presidency
Mon Mar 1, 2021, 10:39 AM
Mar 2021

People waiting for any of them to go broke are going to be waiting a long time. They sold off everything about the tTrump presidency to the highest bidder, they will still be getting paid for decades.

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