Brian Krassenstein

@krassenstein ↗

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Last Checked Dec. 13, 2022

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Tue May 21 19:47:15 +0000 2019

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Brian Krassenstein @krassenstein

- In April 2018 Kushner Companies buys back the 49.5% stake in 666 5th from Vornado for $120M - Vornado kept the retail space under the building. Vornado’s share of the 1.2B in debt was thus taken off their balance sheet, which was huge for the company. — PolitiTweet.org

Posted May 21, 2019 Hibernated

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Brian Krassenstein @krassenstein

- In 2011 Vornado Reality Trust acquires a 49.5% stake in 666 5th for just $80M, but participated in half the building’s $1.2B loan they took. - In July 2012 Vornado buys retail space beneath 666 5th Ave. from Carlyle and Crown for $707M — PolitiTweet.org

Posted May 21, 2019 Hibernated

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Brian Krassenstein @krassenstein

- On April 19th 2019 (4 weeks ago) News breaks that the Qatar Investment Authority and Crown Acquisitions acquired the retail space under 666 5th from Vornado as part of a massive $5.56B portfolio deal. — PolitiTweet.org

Posted May 21, 2019 Hibernated