Trump's real-estate partner is reportedly considering buying out the Trump Organization's stake in New York and San Francisco buildings
Vornado Realty Trustis considering buying out Trump's stakes in two office buildings, per the WSJ.
- Steven Roth, a former advisor to Trump, is the founder and chairman of Vornado.
- Deutsche Bank, Aon, and Cushman & Wakefield, have cut business ties to the former president.
A real-estate firm run by a former advisor to Donald Trump might end a partnership with the ex-president.
Executives are reportedly considering buying out the
Before running for president, Trump had sought to cash out the stake in the two buildings after years of unrequited requests to monetize his stake, Insider's Daniel Geiger reported.
Vornado was not immediately available for comment.
Several prominent business leaders and corporations, including Deutsche Bank, Aon, and Cushman & Wakefield, cut ties with the president after years of working with Trump Organization. Many company decisions occurred after the January 6 insurrection at the US Capitol building led by a violent, pro-Trump mob.
New York Mayor Bill de Blasio confirmed New York City will end contracts with the Trump Organization, and the PGA pulled its 2022 championship from Trump's Bedminster, New Jersey, golf club.
Financial reports indicate Trump's businesses took a hit during the COVID-19 pandemic, which particularly hurt the hospitality and travel industries. Trump National Doral Miami gold resort lost $33 million in 2020, Insider's Hayley Cuccinello reported, and the Trump International Hotel in DC lost $25.4 million.
Trump, who has debts of up to $400 million that will come due in the next few years, has reportedly considered charging tickets to rallies and speeches and landing a book deal to cash-in on his role as former president. The New York Times reported Trump's outstanding debt using tax documents.
- Close-ups of footage said to show Gabby Petito's van near where a body was found appear to show the rear door closing
- Elon Musk pulled his 'last remaining house' off the market after vowing last year to get rid of nearly all his possessions
- It's never been more clear: companies should give up on back to office and let us all work remotely, permanently
- Durex takes down its latest social media post on the bus scene from Netflix’s Sex Education after internet users call it ‘insensitive’
- Three reasons why this might be a good time to buy Bitcoin
- Sony ZV-E10 vlogging camera with interchangeable lens launched in India
- US, India, Japan, Australia to sign pact for stepping up chip production, reduce dependence on China
- Here’s how to schedule an email in Gmail