Angelo, Gordon & Co.

Kushner family selling Chicago office tower

Kushner family selling Chicago office tower

The real estate company owned by the family of presidential son-in-law and White House adviser Jared Kushner is selling a 30-story office tower in downtown Chicago that came under scrutiny earlier this year when it was refinanced.

Kushner Cos. has agreed to sell the building at 225 W. Randolph St. to a group that includes New York-based Angelo Gordon & Co., former Angelo Gordon executive Ryan Klenovich and Chicago-based AJ Capital Partners, according to people familiar with the deal.

A sale price could not be determined.

The building is believed to be worth far less than the $275.7 million Kushner Cos. paid in December 2007, as real estate values were peaking ahead...