Kushner’s Times Square Center Moves Toward Foreclosure
- Former NY Times building reappraised in 2020 at $92.5 million
- Property has $285 million loan and $85 million mezzanine debt
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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 a report compiled by Wells Fargo & Co., the trustee on the debt.