Kushner, Anbang End Talks to Redevelop Manhattan Office Tower.

[dixiegrrrrl]

6. This is wonderful news.

Kushner highly overpaid for that building and was having problems meeting the loan re-payments.

Plus, further in the above article, it reports that seriously wealthy owners of the condos and the shops in that building flatly refuse to be bought out, and there are long leases to consider.
so Kushner ( and/or his company) is struggling to find financial help for a white elephant.

edited to add:
Other threads here on DU about this story reveal that the Chinese were going to pay $4 billion, and Kushner was gonna get $400 million, plus a drastically reduced rate for his current mortgage. the building was not producing enough income, it appears.

666 indeed.