will do..
There are colorful story lines on both sides of this deal, which brings two area real estate dynasties together. First there is the Kushner family saga. The private company, which owns 22,000 apartments and roughly 5 million sq. ft. of office buildings and industrial properties in the mid-Atlantic market, instantly becomes a player in Manhattan via this massive deal.
The family had already established a beachhead earlier this year when Kushner’s 25-year-old son, Jared, bought a controlling stake in the New York Observer, a cheeky weekly that closely monitors the world of high finance and real estate. Jared, a principal in the family firm, signed the contract to buy 666 Fifth Avenue last week.
According to a spokesman, founder Charles Kushner, who recently completed a prison sentence for 18 counts of tax evasion, witness tampering and illegal campaign donations, is “still very active and very much a part of the company”.
hmmm..
hehe