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Trump’s Quiet Workhorses Are the Prize in Vornado Sale Plan

  • 1290 Sixth Avenue generates $19 million a year for Trump
  • One analysis puts Trump stake at $1.1 billion, excluding debt
555 California Street stands in San Francisco.
555 California Street stands in San Francisco.Photographer: David Paul Morris/Bloomberg
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Manhattan’s 1290 Sixth Avenue and San Francisco’s 555 California Street are outliers in President Donald Trump’s real-estate portfolio. His name doesn’t appear in big letters there. Trump owns only 30% of them. His company doesn’t have a management role.

Yet without fanfare, the two office towers are also among the Trump Organization’s most lucrative assets, together generating tens of millions in cash flow each year, according to a Bloomberg analysis. Now the properties could propel the most lucrative real estate deal involving Trump’s company during tenure in the White House.