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Posts Tagged ‘gary barnett’

  • 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 (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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  • Gary Barnett versus everybody

    October 02, 2014 10:30AM
    Gary Barnett (Credit: Studio Scrivo)

    Gary Barnett (Credit: STUDIO SCRIVO)

    From the October issue: Some developers faced with public outrage over creating a so-called “poor door” would, well, duck out the back door. Not Gary Barnett. [more]

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  • Extell's development site at 429 West 36th Street

    Extell’s development site at 429 West 36th Street

    Gary Barnett’s Extell Development Corp. is looking to buy at least $30 million worth of air rights from the Port Authority of New York & New Jersey for a residential development site it owns in the Hudson Yards neighborhood, according to agency documents.

    Extell owns three properties between Ninth and 10th Avenues on the far West Side running block-through from 36th to 37th streets along Dyer Avenue, the sunken roadway that snakes from the Lincoln Tunnel to 30th Street. Extell’s site is surrounded by a number of hotel and residential developments in the booming neighborhood just north of the Related Companies’ and Brookfield Office Properties’ large, mixed-use projects. [more]

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  • From left:

    From left: Megalith’s Samvir Sidhu, 44 West 66th Street and Extell’s Gary Barnett

    Extell Development plans to build a large condominium tower in partnership with Megalith Capital Management a half a block from Central Park West on land each firm will contribute to the project, recent court records show. [more]

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  • 40 Riverside Drive and Extell's Gary Barnett

    40 Riverside Drive and Extell’s Gary Barnett

    Extell Development CEO Gary Barnett defended the “poor door” planned for his 33-story building at 40 Riverside Boulevard, arguing that it would have made no financial sense to incorporate affordable rental units into the condominium tower without it.

    Developers told the New York Times that a condo-and-rental building with separate entrances allows them to reserve the best location and amenities for condos seeking a high price. The income from those condos subsidizes the construction of the affordable-housing component, developers said. [more]

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  • From left: Steven Witkoff and David Lichtenstein

    From left: Steven Witkoff and David Lichtenstein

    The Witkoff Group’s Steven Witkoff and David Lichtenstein of the Lightstone Group are gearing up to follow Extell’s Gary Barnett by tapping the Israeli capital markets for debt.

    Both developers are reportedly mulling bond offerings expected to generate 500 million shekels, or $141.6 million, each. Should Lichtenstein’s plans move forward, it would mark the eighth such offering by an American property developer on the Israeli market in recent months, according to Haaretz. [more]

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  • 555-10th

    547-555 10th Avenue and Gary Barnett

    Extell Development is constructing its first dormitory housing as part of a 52-story Midtown residential tower at 547-555 10th Avenue. [more]

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  • One57 unit sells for $32.5M

    August 08, 2014 06:00PM
    Closed sales at Barnett's One57 now total nearly $450 million

    Closed sales at Barnett’s One57 now total nearly $450 million

    The latest in a series of bumper sales at Gary Barnett’s One57 is a 63rd-floor pad that a mystery buyer just picked up for $32.5 million, according to property records filed with the city today. That’s a little over $7,250 per square foot. [more]

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  • Habonim-Barnett

    Congregation Habonim at 44 West 66th Street and Gary Barnett

    Gary Barnett’s Extell Development signed a contract to buy a parcel at 44 West 66th Street that is now occupied by a synagogue. The parcel is adjacent to a development site that builder Megalith Capital Management recently purchased. [more]

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  • From left: Gary Barnett and 80 Riverside Drive

    Gary Barnett and 80 Riverside Boulevard

    Lawyers for Extell Development are scheduled to appear in court next month on a possible civil contempt charge amid claims that the developer is refusing to hand over $440,000 to a bank executive in a long-running dispute at the Rushmore condominium on the Upper West Side. [more]

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  • From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    Real estate owner Frank Ring has purchased 80 West End Avenue for $195 million from Gary Barnett and Jared Kushner. [more]

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  • From left: 1681 and 1683 Third Ave, the block between 44th and 45th streets and Gary Barnett

    From left: 1681 and 1683 Third Ave, the block between 94th and 95th streets and Gary Barnett

    Extell Development appears to be moving forward with development of a Third Avenue block between 94th and 95th streets. On June 11, Helwal Engineering filed for a permit to demolish 1681 and 1683 Third Avenue, two of Extell’s holdings along the Upper East Side strip, city records show. [more]

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  • From left: Gary Barnett and the Tel Aviv Stock Exchange

    From left: Gary Barnett and the Tel Aviv Stock Exchange

    Extell Development and Brookland Capital have raised money through a bond offering on the Tel Aviv stock exchange. The capital-raising marks the first time U.S.-based developers have tapped Israel’s bond market to get funding for domestic projects, Brookland co-founder Boaz Gilad told The Real Deal. [more]

    2 Comments
  • Extell sells One57 pad for $30.6M

    May 12, 2014 01:39PM
    Gary Barnett and One 57

    Gary Barnett and One 57

    Another day, another bumper sale at Gary Barnett’s One57. Barnett’s firm, Extell Development, pocketed $30.6 million for a sponsor unit on the 58th floor of the glassy tower, according to property records filed with the city on Monday.

    The 4,483-square-foot pad has four bedrooms and 4.5 bathrooms, according to Extell’s condominium offering plan. The unit was most recently listed at $32.4 million, or about $7,227 per square foot. [more]

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  • From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett

    From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett

    Gary Barnett’s Extell Development closed on a $410 million refinancing of the Ring portfolio, according to property records filed with the city this morning. Extell borrowed a further $95 million on the properties from Deutsche Bank, following a $315 million loan it received from the bank in January. [more]

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  • Extell Development's Gary Barnett

    Extell Development’s Gary Barnett

    The average price of air rights in Manhattan jumped 47 percent year-over-year — to $305 per square foot in 2013 — as the ballooning price of land pushed developers to build taller. Gary Barnett’s Extell Development did the most air rights deals of any developer last year. [more]

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  • From left, 160 E. 125th St., Gary Barnett

    From left, 160 E. 125th St., Gary Barnett

    The head of an East Harlem board that controls a property occupied by a Pathmark grocery store has ended negotiations with luxury condominium developer Extell Development. [more]

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  • Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    A Hong Kong-based buyer has shelled out $30.6 million for a 60th-floor unit at Gary Barnett’s One57, according to property records filed with the city.

    Rainbow Choice International Limited closed on the sale March 28. The unit, 60A, isn’t listed on StreetEasy, but a three-bedroom, 4,200-square-foot unit directly below it sold for $30.4 million. [more]

    6 Comments
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