KUSH­NER PART­NER TO BE BOUGHT OUT IF TOWER DEAL CLOSES

National Post (National Edition) - - FINANCIAL POST -

Kush­ner Cos. is near­ing a

deal with a unit of Brook­field As­set Man­age­ment Inc. to sal­vage its in­vest­ment in an over-lever­aged of­fice tower, ac­cord­ing to a per­son fa­mil­iar with the talks. The deal would buy out the Kush­n­ers’ cur­rent part­ner, Vor­nado Realty Trust, which cur­rently owns 49.5 per cent of the build­ing’s of­fices. Vor­nado would con­tinue to own the build­ing’s lu­cra­tive re­tail spa­ces. Brook­field

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