Posted Oct 31, 2017, 6:01 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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https://therealdeal.com/2017/10/31/v...ypass-surgery/
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Asked about Kushner Companies’ plans to redevelop 666 Fifth Avenue, which it owns with Vornado, into a multi-billion-dollar condo and retail tower, Roth said “it’s likely those are not feasible” and that the tower will remain an office building. “It’s overleveraged, which is an issue,” Roth said, but claimed that the company isn’t too concerned because it paid little money for its stake in the office portion. “We look upon it as if it’s a mezz loan warrant,” he said.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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