The family of President Trump’s son-in-law and adviser, Jared Kushner, has called off talks with Chinese insurance company Anbang to redevelop a Manhattan office tower—a deal that raised ethical concerns.
Complete with its own Rockefeller Center and Twin Towers, Yujiapu been billed as the world's largest financial center in the making. But this Manhattan still has a long way to go.
The sale allows the companies to “finally maximise the full value of this iconic asset on a full city block in midtown Manhattan,” said Christopher Nassetta, chief executive of Hilton Worldwide.
Many Chinese buyers are switching their interest away from markets like Shanghai, Hong Kong and Singapore amid fears that prices have soared to frothy levels in those cities.
