By Charles V. Bagli and Michael Forsythe @ New York Times, March 14, 2017
An agreement to sell a stake in a New York skyscraper would be extremely lucrative for the family of Jared Kushner, President Trump’s son-in-law, but it also presents the possibility of glaring conflicts of interest.
A New York real estate company owned by the family of President Trump’s son-in-law has been negotiating to sell a $400 million stake in its Fifth Avenue flagship skyscraper to a Chinese insurance company with ties to leading families of the Communist Party.
The Chinese company, Anbang Insurance Group, would pay to get a high-profile piece of Manhattan real estate and would commit to spending billions more to completely transform the 60-year-old tower into a chic condominium and retail citadel.
If signed, the potential agreement would create a financial marriage of two politically powerful families in the world’s two biggest economies, but it would also present the possibility of glaring conflicts of interest. The Kushner family, owners of the tower, would reap a financial windfall courtesy of a Chinese company, even as Jared Kushner, a senior adviser to Mr. Trump as well as his son-in-law, helps oversee American foreign policy.
News of the negotiations surfaced as President Trump and the Chinese president, Xi Jinping, were preparing for their first meeting, to be held next month [....]