You are here

Kushners' Manhattan tower set for worst year since 2011

666 Fifth Avenue is forecast to lose US$24 million this year

New York

THE midtown Manhattan office tower owned by Kushner Cos. and Vornado Realty Trust is on track to lose US$24 million this year, marking the worst performance for 666 Fifth Ave since a 2011 refinancing.

The property had net operating income of US$18.3 million for the six...

sentifi.com

Market voices on: