Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Does Ivanka's Husband Have A Sweetheart Deal With China?
Posted
March 15, 2017
Views
133,254
Likes
1,960
Comments
238
Engagement
1.65%
March 15, 2017
133,254
1,960
238
1.65%
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10:04Now PlayingJared Kushner is making an extremely lucrative real estate deal with a company closely connected to the Chinese government. Strange. Cenk Uygur, John Iadarola, and David Sirota, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"A company owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law, stands to receive over $400 million from China's Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg reported.
Details of the agreement are being circulated to attract additional investors, Bloomberg reported on Monday.
The building, a 41-floor tower located at 666 Fifth Avenue, was purchased by Kushner Companies in 2006 for $1.8 billion, which at the time was the highest sales price for a single building in Manhattan.
The planned $4 billion transaction includes terms that some real estate experts consider unusually favorable for the Kushners, the Bloomberg report said.
"Kushner Companies is in active discussions around 666 5th Avenue, and nothing has been finalized," spokesman James Yolles told Reuters via email.
Anbang could not immediately be reached for comment.
Reuters reported in January that the Chinese group was in talks to invest in a project to redevelop the New York City building.
Anbang, established in 2004 as an auto insurer, has emerged as one of China's most aggressive buyers of overseas assets in the past two years, spending more than $30 billion buying luxury hotels, insurers and other property assets.”*
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Hosts: Cenk Uygur, John Iadarola, David Sirota
Cast: Cenk Uygur, John Iadarola, David Sirota
***
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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