Kushners seek new plan for flagship NY office after failed Qatar deal

[Eugene]

Source: Reuters

BUSINESS NEWS | Tue Jul 11, 2017 | 5:41pm EDT

Kushners seek new plan for flagship NY office after failed Qatar deal

By Herbert Lash | NEW YORK

Kushner Cos, the realty company once headed by President Donald Trump's son-in-law, said on Tuesday it is reassessing how to finance the redevelopment of its flagship New York City property after failed talks with a former Qatari prime minister.

Talks that began more than two years ago to invest in 666 Fifth Avenue, located in the heart of Manhattan, with Qatar's Sheikh Hamad bin Jassim al-Thani were "recently terminated," a Kushner spokesman, James Yolles, said in a statement to Reuters.

Kushner Cos "is currently reassessing the financing structure of the overall project. The company remains in active discussions with a number of potential investors around the property's redevelopment," Yolles said.

Sheikh Hamad agreed to invest $500 million on condition that the company, recently headed by Jared Kushner, Trump's son-in-law and now one of his senior advisers, obtain the rest of a multi-billion-dollar refinancing elsewhere, The Intercept publication reported on Monday.

Jared, who is married to Trump's daughter Ivanka, sold his interests in the company to a family trust in January.

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Read more: http://www.reuters.com/article/us-usa-property-kushner-qatar-idUSKBN19W2P6

[JI7]

1. if they can get sanctions on russia lifted

[malaise]

2. How is this linked to the attack on Qatar

by the Con's Saudi allies?

[jmg257]

3. Or the Qatar vs Russian energy 18% deal.

[malaise]

4. Hmmmmmmmmmmmm

What a mess