The Real Deal Logo

TRENDING

First Republic’s resi conundrum: pristine loans, rock-bottom ratesFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sFirst Citizens’ SVB acquisition includes real estate loansFirst Citizens’ SVB acquisition includes real estate loansTrump and Vornado seek loan extension at 555 California Street in SFTrump and Vornado seek loan extension at 555 California Street in SF
New York

Will the White House get a say in who moves into the unit adjacent to Trump?

For $24.5 million, the buyer of Jeff Records Trump Tower apartment will be right beside POTUS' unit

(Credit from left: Jorge Láscar, Gage Skidmore)

(Credit from left: Jorge Láscar, Gage Skidmore)

The chairman and CEO of MidFirst Bank Jeff Records is moving out of Trump Tower.

The billionaire plans to list his Trump Tower apartment, 64/65 AB–an assemblage of two units adjacent to President Donald Trump’s penthouse triplex–for $24.5 million, according to the New York Post.

The sale raises the question of how much control the White House will have in determining who Records’ buyer is. After all, as one source told the Post, “What is to stop the Chinese or the Russians from buying the apartment under a front, and then drilling spy holes in the ceiling to listen to the conversations and goings-on?”

The five-bedroom apartment spans two floors and shares a wall, sources believe, with the President’s bedroom.

“It is possible the board could make a potential buyer’s life hard by demanding FBI checks or extra paperwork, hoping to chase away the buyer. Or perhaps [White House economic adviser] Larry Kudlow could suggest the country buys it for security reasons,” another unnamed source told the Post. [NYP]—Erin Hudson

Tags
Donald TrumpTrump Organization

TRENDING

First Republic’s resi conundrum: pristine loans, rock-bottom ratesFirst Republic’s resi conundrum: pristine loans, rock-bottom ratesDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sDebt on Blackstone buildings 47% more than portfolio’s worth: Moody’sFirst Citizens’ SVB acquisition includes real estate loansFirst Citizens’ SVB acquisition includes real estate loansTrump and Vornado seek loan extension at 555 California Street in SFTrump and Vornado seek loan extension at 555 California Street in SF
New York

Will the White House get a say in who moves into the unit adjacent to Trump?

For $24.5 million, the buyer of Jeff Records Trump Tower apartment will be right beside POTUS' unit

(Credit from left: Jorge Láscar, Gage Skidmore)

(Credit from left: Jorge Láscar, Gage Skidmore)

The chairman and CEO of MidFirst Bank Jeff Records is moving out of Trump Tower.

The billionaire plans to list his Trump Tower apartment, 64/65 AB–an assemblage of two units adjacent to President Donald Trump’s penthouse triplex–for $24.5 million, according to the New York Post.

The sale raises the question of how much control the White House will have in determining who Records’ buyer is. After all, as one source told the Post, “What is to stop the Chinese or the Russians from buying the apartment under a front, and then drilling spy holes in the ceiling to listen to the conversations and goings-on?”

The five-bedroom apartment spans two floors and shares a wall, sources believe, with the President’s bedroom.

“It is possible the board could make a potential buyer’s life hard by demanding FBI checks or extra paperwork, hoping to chase away the buyer. Or perhaps [White House economic adviser] Larry Kudlow could suggest the country buys it for security reasons,” another unnamed source told the Post. [NYP]—Erin Hudson

Tags
Donald TrumpTrump Organization