The Real Deal New York

Tallying who won at 666 Fifth Avenue

Ranking winners, losers in wake of Vornado $707 million purchase of tower's retail condo

August 08, 2012 11:00AM
By Adam Pincus

From the August issue: When Kushner Companies paid a record $1.8 billion for the aluminum-clad office building 666 Fifth Avenue in 2007, located between 52nd and 53rd streets, the market was still booming.

But less than two years later, Lehman Brothers had collapsed, and that 10-digit price tag seemed to be an outrageous reminder of a bygone era. Yet company CEO Jared Kushner continued to believe that the retail portion alone could be worth $1 billion. [more]

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