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Posts Tagged ‘extell development’

  • 212-fifth-buy

    From left: 212 Fifth Avenue in the Flatiron District, Dustin Stolly and Robert Gladstone

    A joint venture between Robert Gladstone’s Madison Equities, Building and Land Technology (BLT) and Joseph’s Sitt Thor Equities received a $275 million construction loan to acquire and complete the gut renovation of 212 Fifth Avenue, The Real Deal has learned. [more]

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  • From left: Gary Barnett and a rendering of One57

    From left: Gary Barnett (Credit: STUDIO SCRIVO) and a rendering of One57

    UPDATED, Jan. 19, 10:24 a.m.: To infinity, and beyond! Manhattan’s record for priciest condo sale was broken yet again with the closing of a $100.5 million purchase of a penthouse at Gary Barnett’s One57, according to property records filed with the city today. [more]

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  • Gary Barnett and 1010 Park Avenue

    Gary Barnett and 1010 Park Avenue

    Gary Barnett’s Extell Development won the approval of the Landmarks Preservation Commission for its proposed 16-story condominium project at 1010 Park Avenue, which will see the developer demolish a historic Park Avenue church rectory building. [more]

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  • From left: The Collegiate School, Gary Barnett and John F. Kennedy, Jr.

    From left: The Collegiate School, Gary Barnett and John F. Kennedy, Jr.

    The country’s oldest independent school, which has long been characterized by its Spartan Upper West Side digs, is planning to build a new 10-story, 180,000 square-foot building at Extell Development’s Riverside South site. [more]

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  • Extell buys Midtown parking lot for $46M

    December 15, 2014 08:05AM
    From left: Gary Barnett and 251 West 45th Street

    From left: Gary Barnett and 251 West 45th Street

    With the purchase of a parking garage at 251 West 45th Street for $45.8 million, Gary Barnett’s Extell Development is one step closer to creating a massive midtown development. [more]

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  • Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Gary Barnett continues to make a killing on the Ring portfolio. His Extell Development just sold one of the portfolio’s former properties for $36.5 million to MetroLoft, a firm that specializes in converting commercial buildings into residential developments, The Real Deal has learned.  [more]

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  • From left: Gary Barnett (top left), Ziel Feldman and the Belnord

    From left: Gary Barnett (top left), Ziel Feldman and the Belnord at 225 West 86th Street

    Gary Barnett’s Extell Development is in contract to sell the Belnord, a storied, block-long rental building on the Upper West Side, The Real Deal has learned. Sources said the buyer is Ziel Feldman’s HFZ Capital Group, which has made several big bets on rental product in the neighborhood. Feldman also was one of Barnett’s investors when Barnett bought the Belnord in 1994 for the bargain price of $15 million. [more]

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  • From left: Gary Barnett, a rendering of One57 and John and Rebecca Moores

    From left: Gary Barnett (Credit: STUDIO SCRIVO), a rendering of One57 and John and Rebecca Moores

    Rebecca Moores, the ex-wife of Texas millionaire and former San Diego Padres owner John Moores, closed on a full-floor condo at Extell Development’s One57, paying $55.5 million, according to property records. [more]

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  • extell-midtown

    From left: Gary Barnett, 131-141 East 47th Street in Midtown and Clint Olsen

    Gary Barnett’s Extell Development is in contract to sell four contiguous properties in Midtown to an unnamed Chinese developer for more than $80 million. [more]

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  • Gary Barnett and the Tel Aviv Stock Exchange

    Gary Barnett and the Tel Aviv Stock Exchange

    New York real-estate firms, including Extell and Zarasai Group, have issued bonds totaling $436 million on the Tel Aviv Stock Exchange. [more]

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  • One57 sponsor unit sells for $53M

    November 24, 2014 06:16PM
    Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    Extell Development sold an 80th-floor sponsor unit at One57 for just shy of $53 million, city records show.

    The full-floor condo sold for $52.95 million to Lapusny Inc., an LLC registered in Pasadena, Calif., records filed with the city over the weekend show. The deal went into contract in March 2013 and closed Nov. 10. [more]

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  • dvorett

    Jeffrey Dvorett and renderings of 462-470 11th Avenue and One57

    Jeff Dvorett, vice president of development at Gary Barnett’s Extell Development, has joined Times Square-based Chinese real estate investment firm Kuafa Properties to oversee projects there. [more]

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  • From left: Jeffrey Feil (Credit: Steve Friedman), 251 Park Avenue South and Gary Barnett

    From left: Jeffrey Feil (Credit: Steve Friedman), 251 Park Avenue South and Gary Barnett

    The Feil Organization is in contract to buy Extell Development’s 251 Park Avenue South, The Real Deal has learned. The sale of the 103,000-square-foot building, one of the most coveted properties in the F.M. Ring portfolio, is expected to close for between $850 and $1,000 a foot, according to sources familiar with the transaction. [more]

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  • From left: new construction in New York and a rendering of the Nordstrom Tower

    From left: new construction in New York and a rendering of the Nordstrom Tower

    New York: if you can make it there, you can make it anywhere. But, apparently, they’re making more in Texas. [more]

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  • From left: 1681 Third Avenue and Gary Barnett

    From left: 1681 Third Avenue and Gary Barnett

    Extell Development Company applied for a permit to build a new residential property in Yorkville. [more]

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  • From left: Gary Barnett and the new model unit at One57

    From left: Gary Barnett and the new model unit at One57

    Extell Development boss Gary Barnett and interior designer Jamie Drake today unveiled a new model at One57 during a breakfast at the tower. [more]

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  • From left: Extell's Gary Barnett, One57 and Silas Chou

    From left: Extell’s Gary Barnett, One57 and Silas Chou

    Two big sales at Extell Development’s One57 hit public records today – totaling $79 million. [more]

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  • From left: Gary Barnett and Upper East Side's Park Avenue Christian Church

    From left: Gary Barnett and Upper East Side’s Park Avenue Christian Church (Barnett photo:  STUDIO SCRIVO)

    Gary Barnett’s Extell Development will pay $24.7 million to the Park Avenue Christian Church as part of a plan that allows the developer to build a new residential tower at the site of the church’s parish.

    Under the plan, the church will also get an $8.75 million annex in the new building and $2 million to endow a preschool. The preschool was forced to move out due to Extell’s development, according to the Wall Street Journal. [more]

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  • From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    Extell Development’s Gary Barnett, in his own words, on how he outmaneuvered rivals and hostile sellers to seize control of one of New York real estate’s most coveted prizes: the million-square-foot F.M. Ring Midtown South portfolio. Read the full story after the jump.

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  • extell

    Gary Barnett (credit: STUDIO SCRIVO) and 123 West 57th Street in Midtown

    Gary Barnett’s Extell Development is in talks with the Calvary Baptist Church to acquire the church site at 123-141 West 57th Street for a project separate from the nearby One57.

    Calvary Baptist owns both the church and the Salisbury Hotel on the 191,000-square-foot site, between Sixth and Seventh avenues. FXFOWLE Architects and the architectural team at Extell are working on a design proposal, according to public records cited by the Wall Street Journal. The details of Extell’s plans for a site — if the deal closes — were undisclosed. [more]

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