Kushners Give Up Control of Manhattan Tower to Save Themselves

  • Brookfield lease at 666 Fifth eases $1.2 billion loan issue
  • Manhattan office tower meant to be jewel turned into albatross
Jared Kushner’s Rise to Power Mirrors Trump's
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The Kushners have found their out -- and it comes at a price.

The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. But in return, they’ve given up control of the trophy New York tower that was meant to be their crown jewel.