Jared Kushner (left); Charles Kushner (right); and Laurent Morali
When Kushner Companies paid $1.8 billion for 666 Fifth Avenue, a dated office tower that Brookfield’s Ric Clark once described as a “dinosaur,” it was supposed to cement Jared Kushner’s rise.
The Kushner family, much like the Trumps, had been on the periphery of New York’s real estate elite, eclipsed by big names like Stephen Ross and Gary Barnett.
The firm that Jared’s father, Charles Kushner, founded in the mid-1980s had stronger ties to New Jersey, where it often pooled money from investors for apartment building acquisitions, before officially moving to New York. And Charles, having been released from federal prison in 2006, hoped the trophy deal would redeem him in the eyes of the real estate world.
Jared Kushner (left); Charles Kushner (right); and Laurent Morali
When Kushner Companies paid $1.8 billion for 666 Fifth Avenue, a dated office tower that Brookfield’s Ric Clark once described as a “dinosaur,” it was supposed to cement Jared Kushner’s rise.
The Kushner family, much like the Trumps, had been on the periphery of New York’s real estate elite, eclipsed by big names like Stephen Ross and Gary Barnett.
The firm that Jared’s father, Charles Kushner, founded in the mid-1980s had stronger ties to New Jersey, where it often pooled money from investors for apartment building acquisitions, before officially moving to New York. And Charles, having been released from federal prison in 2006, hoped the trophy deal would redeem him in the eyes of the real estate world.