Deals
Anbang, Kushner End Talks on NYC Tower as Conflicts Cited
- 666 Fifth Ave. is flagship holding of Jared Kushner’s family
- Talks came amid concern of potential Chinese influence
Jared Kushner’s Rise to Power Mirrors Trump's
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China’s Anbang Insurance Group Co. and a company owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn scrutiny from lawmakers citing ethics concerns.
“Kushner Companies is no longer in discussions with Anbang about 666 5th Avenue’s potential redevelopment, and our firms have mutually agreed to end talks regarding the property,” according to a statement emailed by a Kushner spokesman, who declined to comment further. “Kushner Companies remains in active, advanced negotiations around 666 5th Avenue with a number of potential investors.”