The real-estate company owned by Jared Kushner's family is reportedly dumping its financially troubled flagship skyscraper in New York City

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• The Kusher Companies, the real-estate company owned by Jared Kushner's family, is dumping its stake in its flagship 666 Fifth Avenue building, according to the Wall Street Journal.
• The Kushner Companies bought 666 Fifth Avenue for $1.8 billion in 2007 but struggled with debt payments on the building.
• Real-estate giant Brookfield will take over the 99-year lease from the Kushner Companies.

The Kushner Companies, the real estate empire owned by the family of President Donald Trump's son-in-law Jared Kushner, is close to dumping its stake in the long-troubled 666 Fifth Avenue skyscraper, according to a new report.

The Wall Street Journal reported Friday that Kushner Companies is nearing a deal to offload the 99-year lease on the building to Brookfield Asset Management.See the rest of the story at Business Insider

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