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Old Posted Apr 8, 2017, 1:59 PM
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Steve Roth wants to sell share of Kushner family’s 666 Fifth Ave.

By Lois Weiss
April 7, 2017

Vornado Realty Trust Chairman Steve Roth has for the first time publicly admitted his company may be selling its holding in the Kushner family’s 666 Fifth Ave.

The Kushners are looking to redevelop the office building into a 1,400-foot tall retail, hotel and residential tower while Roth prefers it to remain as is.

“This is an ongoing, complex, dynamic, and unpredictable situation . . . and it is the rare case when we may be sellers,” Roth said in his annual letter to shareholders.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.