Jared Kushner's New Office Tower Is More Expensive Than Yours
Not content to let the purchase of the city's preeminent salmon-colored rag define his legacy, boy wonder Jared Kushner has made a more, well, expensive purchase—a $1.8 billion office building in Midtown. But we couldn't help but notice the implication in the Times report on the sale that young Jared (with the help of his dad, white-collar criminal Charles Kushner, recently released from his cushy halfway house), might've gotten hosed by the building's former owners, Tishman Speyer (who recently bought Stuyvesant Town):
The price is more than three times what a group led by Tishman Speyer paid for the building six years ago and the highest price ever paid for a single office building in the United States.
And:
"New York City is the greatest place in the world to own real estate," said Rob Speyer, a senior managing director at Tishman Speyer. "We're thrilled with the outcome and wish the Kushners great success."
Seems the Times left the bit off about Rob Speyer cackling maniacally as he reveled in young Jared's folly. Wonder if this means the Observer holiday party has a cash bar.
A Big Deal, Even in Manhattan: A Tower Goes for $1.8 Billion [NYT]
Earlier: Nobody Knows the Trouble Charles Kushner's Seen
Earlier: How Could We Forget 'The Observer'?