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Foreclosure Watch

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Some light in the darkness for troubled 666 Fifth Avenue. The building's lenders have agreed to reduce principal and defer interest payments on the loan, giving building owners the Kushner Companies a few extra years to fill up the 30 percent-vacant property. How Kushner will do this: by partnering with Vornado Realty Trust to put millions of dollars into a renovation. Another call to the in-laws forestalled. [NYT; previously]