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letsdothis3 ago

April 2018: Kushner Cos. signs 99-year lease deal at money-losing tower

The real estate company run by White House adviser Jared Kushner’s family has signed a deal to lease the office space at the money-losing Manhattan skyscraper that serves as the company’s headquarters.

The Canadian firm Brookfield Asset Management announced Friday it had signed a 99-year lease at 666 Fifth Avenue. Financial terms were not disclosed.

The deal eases the pressure on Kushner Cos., the real estate firm run by Jared Kushner’s father, Charles. The building has been losing money since Jared Kushner bought it for a record $1.8 billion in 2007. About a third of the office space is empty and a $1.2 billion mortgage is coming due early next year.

Related voat post by @Piscina John Podesta, BAM, Blackstone fraudulently stealing from taxpayers & shareholders

From 2009 until 2012, Heather Podesta served as lobbyist for Brookfield Asset Management (BAM), and she's been lobbying on behalf of Brookfield Power since 2011.