“There was no quid pro quo”: Ric Clark on Brookfield’s 666 Fifth purchase, and renovation plans

Nearly two years later, Brookfield Properties chairman Ric Clark is still defending the company’s decision to buy the 99-year ground lease at 666 Fifth Avenue from Kushner Companies for $1.3 billion. On Tuesday, Clark took a shot at “conspiracy theories” about the controversial purchase during a real estate luncheon. “Notwithstanding the constant conspiracy theories in some of the media outlets, there was no quid pro quo,” he said at the event hosted by the Young

source https://therealdeal.com/2020/02/12/there-was-no-quid-pro-quo-ric-clark-on-brookfields-666-fifth-purchase-and-renovation-plans/