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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKushner's Times Square Center Moves Toward Foreclosure
Jared's family does not have MBS or UAE to bail them out
Link to tweet
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. didnt 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.
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. didnt 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
Blue Owl
(54,308 posts)1. I hope Jared starts failing downward rapidly
Very, very rapidly...
Popcorn 51
(84 posts)2. What???
Is the House of Saud no longer giving him his allowance?
Deuxcents
(19,194 posts)3. Just Another brick in the wall
Are his decisions gonna signal a crash or is he cashing out for his new residence in Florida?
Hekate
(94,107 posts)4. My heart is broken for the little shit
Nah. Not really.
Hermit-The-Prog
(36,304 posts)5. All I wanna know is, how much will it cost him?
Johnny2X2X
(21,388 posts)6. They all got rich of the Trump Presidency
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.