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[$$] Kushner Cos. and LNR Negotiating Debt on Manhattan Skyscraper

In 2007, when New York’s go-go commercial real-estate market was near its peak, Kushner Cos. purchased the office tower at 666 Fifth Ave. in Manhattan for what was then a record $1.8 billion using mostly debt. Now, that debt is moving to center stage as Kushner Cos. works to finalize a deal to bring in Brookfield Asset Management as a roughly 50% partner in the 39-story tower, according to people familiar with the matter. The deal would shore up 666 Fifth Ave.’s balance sheet and provide hundreds of millions of dollars for an overhaul of the building that has been a financial headache for Kushner Cos. for years, the people said.