Developer Kushner Finds Help

Developer Jared Kushner has reached a tentative deal to rescue his investment in 666 Fifth Ave in Midtown New York City. He bought the office tower for a record-high of $1.8 billion but struggled with a heavy debt load. Right Kushner reached an agreement with LNR Property Corp. on the outlines of a deal that would allow him to hold the tower by modifying the $1.2 billion morgage tied to the office portion of the building.

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