The deal that put Jared Kushner TRData LogoTINY on the map also nearly destroyed him. In January 2007, his family firm, Kushner Companies, paid a then-record $1.8 billion for 666 Fifth Avenue, a 41-story office-and-retail tower that was the firm’s first major asset in Manhattan.
“In this particular transaction, we bought really the center of the world,” Kushner told The Real Deal in October 2007, a few months after the purchase. “It doesn’t get any better than that.”