Trump realDonaldTrump June 6, So good to see the Saudi Arabia visit with the King and 50 countries already paying off. They said they would take a hard line on funding…. With Qatar, Tillerson believed they had become alarming. Threatening Qatar, with the U. Important note: The Qataris reportedly believe the blockade may be linked to their rejection of funding for Fifth Avenue.
The Qataris reported there were Saudi and Emirati troops on their border. My sources in the State Dept confirm this. In a brief, formal statement at the Department of State, Sec. Tillerson calls on the Saudi-led bloc to immediately ease their blockade of Qatar, and less than an hour later Trump undercuts him.
Tillerson states :. There are humanitarian consequences to this blockade. Families are being forcibly separated, and children pulled out of school. We believe these are unintended consequences, especially during this holy month of Ramadan, but they can be addressed immediately.
The blockade is also impairing U. President Trump states :. The nation of Qatar, unfortunately, has historically been a funder of terrorism at a very high level, and in the wake of that conference, nations came together and spoke to me about confronting Qatar over its behavior.
So we had a decision to make: Do we take the easy road, or do we finally take a hard but necessary action? We have to stop the funding of terrorism. I decided, along with Secretary of State Rex Tillerson, our great generals and military people, the time had come to call on Qatar to end its funding — they have to end that funding — and its extremist ideology in terms of funding.
Otaiba weighed in with Jared and Jared weighed in with Trump. What a mess. Al-Otaiba and Kushner are known to be friends , having been introduced to each other by Tom Barrack in May On Aug. November Kushner Companies receive loan from Qatar-supported company for Chicago property. The loan is triple the average property loan made by Apollo. The views that those spaces provide are spectacular, and bring with them a healthy dose of en plein air access. Fresh air is historically one issue that the building has struggled with, thanks in large part to the smoke-filled members-only Grand Havana Club.
However, thanks to the fact that the redesign includes a new air supply system, that problem is likely to be remedied.
It initially sought to reposition the asset, but plans to replace it with a new skyscraper that would have condos, a hotel and retail never materialized. Despite questions and concerns raised by the State Department — including from Rex Tillerson, then the Secretary of State — the controversial move was backed two weeks later by President Donald Trump, the investigation states. Subsequently, the restrictions on Qatar were eased. Brookfield has said that Qatari representatives had no involvement in the Fifth Avenue transaction.
The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. By clicking Subscribe you agree to our Privacy Policy. Javascript is disabled in your web browser. December 09, PM. By Georgia Kromrei. Contact Georgia Kromrei. Related Articles. Jared thought he might sell Fifth to Anbang, a big Chinese insurance company that bought the Waldorf Astoria.
A year later, in , the Qatari finance minister met with Charles Kushner to discuss a potential deal. But nothing came of that meeting, either.
Then renowned Iraqi architect Zaha Hadid was commissioned to draw up plans to take the building down to its inner steel core, and then to add 40 new floors, bringing it up to a structure 1,feet high.
But the plans were dropped. Still, Jared remained optimistic. He was Jared, after all. Word on Wall Street is that Brookfield bailed out the Kushners in the nick of time. But whatever it was, they were bailed out completely or they lost less than they would have That building was going to get foreclosed on by somebody, whether it was a mezzanine holder, primary lenders, somebody was going to take that from them, and that would have been a total disaster.
But she did explain why Brookfield stepped up to bail out the Kushners. Brookfield saw the opportunity to acquire the building at an attractive price, completely redevelop it, and secure rents meaningfully higher than it was achieving.
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