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Chinese Firm Drops Real Estate Deal with Jared Kushner’s Company

HeadlineMar 30, 2017

Meanwhile, Kushner’s real estate firm on Wednesday said it had ended talks with a Chinese company to develop a Manhattan high-rise at 666 Fifth Avenue. The deal would have seen a $400 million payout from a firm with deep ties to the Chinese power structure. The talks collapsed as the Senate Intelligence Committee prepared to question Kushner about meetings he arranged at Trump Tower last December with the Russian ambassador and the head of the U.S.-sanctioned Russian state bank. The meetings came before Donald Trump’s inauguration, but after his election victory.

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