Park talker
Brown Harris Stevens this month sent a non-binding questionnaire to residents that asked whether the board should hire a real estate firm to advise it on the situation. Cushman & Wakefield, CBRE and Eastdil Secured were among firms under consideration, the letter said.
Last week, owners representing 83.6 percent of 417 Park’s shares voted “yes.” Brown Harris managing director Janet Roman could not be reached for comment.
Family-controlled Kushner Companies, meanwhile, is in talks to buy out Vornado Realty Trust, its partner at 666 Fifth Ave., after the office tower lost $25 million in 2017. A $1.2 billion mortgage will come due in February.
Vornado has long wanted out while Kushner thinks that sole ownership will make it easier to find new equity for the cash-bleeding address.
Kushner is under scrutiny by federal, state and city agencies over questions relating to financing sources and to possibly falsi- fied buildings department filings. No charges have been brought.
Jared Kushner stepped down from his role at Kushner Companies in January 2017. It is now led by president Laurent Morali but is largely steered by founder Charles Kushner, Jared’s father.
The firm owns tens of thousands of apartments in New Jersey and Maryland. It’s a minority partner in Brooklyn’s former Watchtower site redevelopment and also owns Manhattan’s Puck Building.