Thanks to some fine work by two Bloomberg news reporters, David Kocieniewski and Caleb Melby, we now know that a major Chinese financial services firm may invest $4 billion in a Manhattan skyscraper owned by the family of President Donald Trump’s son-in-law, Jared Kushner. And that Kushner's family stands to take home about $500 million for itself from the transaction.
All sorts of goodies are sprinkled around this potential deal, which is being circulated to attract additional investment. It would be the biggest investment -- ever -- in a single Manhattan building. Some of the Kushner family's debt on the property would get erased for about a fifth of its value. The Kushners would become equity partners with the Chinese firm, Anbang Insurance Group.
