Kushner's Times Square Center Moves Toward Foreclosure

[LetMyPeopleVote]

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. 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.

[Blue Owl]

1. I hope Jared starts failing downward rapidly

Very, very rapidly...

[Popcorn 51]

2. What???

Is the House of Saud no longer giving him his allowance?

[Deuxcents]

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]

4. My heart is broken for the little shit

Nah. Not really.

[Hermit-The-Prog]

5. All I wanna know is, how much will it cost him?

[Johnny2X2X]

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.