The New York Times reports, citing an SEC filing, that the Kushner family appears to have "struck a deal to buy out" Vornado Realty Trust's stake in the "troubled" 666 Fifth Avenue, a primary piece of its "real estate empire."
Why it matters: How they got the money is unclear. Questions had been raised about Kushner meetings with foreign big shots like Qatar as part of securing the financing. Per the Times, negotiations with foreign entities drew scrutiny because of Jared Kushner's role in his father-in-law's White House.