Posted Feb 27, 2018, 9:15 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,945
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Quote:
...if Vornado sells its stake, the most obvious buyer would be Kushner, because others might be reluctant to get involved in one of most closely scrutinized buildings in the world. Also, Charles Kushner might be willing to pay more because he knows the building so well, according to people in New York real-estate sales.
“Kushner is the logical buyer as he’s already in the deal and has a specific vision for the building,” said Woody Heller, co-head of Savills Studley’s capital markets group.
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I think Charles Kushner is going all in on a redevelopment. Whether or not they are successful with that, we will see.
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