After buying a 49.5% stake in 666 Fifth Ave., Kushner Cos. is aiming to sell the stake to Brookfield Asset Management. After buying a 49.5% stake in 666 Fifth Ave., Kushner Cos. is aiming to sell the stake to Brookfield Asset Management. As part of the deal, the debt on 666 Fifth will be repaid, Vornado said, without specifying the amount. Brookfield has agreed to pump hundreds of millions of dollars of fresh capital into 666 Fifth, according to people familiar with the matter. Vornado also owns a large part of the retail space in 666 Fifth Ave., which was carved into a retail condominium shortly after Kushner Cos. purchased the property.

Source: Wall Street Journal June 02, 2018 00:11 UTC