The Real Deal New York

Posts Tagged ‘gary barnett’

  • 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]

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  • 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]

    4 Comments
  • 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
  • Park Hyatt at One57 set to open in August

    February 25, 2014 08:34AM
    park-hyatt

    Renderings of Park Hyatt at 153 West 57th Street

    The Park Hyatt Hotel at One57 is scheduled to open for business on Aug. 28, when the five-star hotel will occupy the first 30 floors of the Extell Development condominium tower. [more]

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  • From left:

    From left: Renderings of One57 tower, 432 Park Avenue, 107 West 57th Street and Gary Barnett

    Gary Barnett of Extell Development took something of a pummeling at yesterday’s panel of New Yorkers concerned about the shadows that rising skyscrapers will cast over Central Park. The verbal attacks were not overly surprising, considering Barnett was the sole defender of the construction of the towers. [more]

    4 Comments
  • From left: Marc Holliday, 560 Fifth Avenue and Gary Barnett

    From left: Marc Holliday, 560 Fifth Avenue and Gary Barnett

    SL Green Realty has paid $146.2 million to develop 45,000 square feet of retail space along Fifth Avenue, in a series of deals with Gary Barnett’s Extell Development. [more]

    11 Comments
  • Clockwise from left: interior of 535 West End Avenue, John Gomes, exterior, Frederik Eklund

    Clockwise from left: interior of 535 West End Avenue, John Gomes, exterior, Fredrik Eklund

    An undisclosed owner of a “high-floor unit” in an Extell tower on the Upper West Side is asking $27.5 million, or $3,254 per square foot, according to StreetEasy. [more]

    1 Comment
  • Ring-212-Barnett

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

    Gary Barnett’s Extell Development paid $308.2 million for Frank Ring’s 50 percent stake in 13 buildings, mostly located in Midtown South, city records show. The acquisition was announced in October when the contract was signed but the price had not been revealed. [more]

    7 Comments
  • From left: 35 West 15th Street, 303 East 77th Street and 225 West 57th Street

    35 West 15th Street, 303 East 77th Street and 225 West 57th Street

    As luxury residential properties in New York City grow ever bigger and flashier, cantilevers are boldly following suit.

    Driven by a demand for developments that are ever “bigger and better,” as the mantra goes, increasingly audacious cantilevers are possible thanks to changes in technology such as structural steel and reinforced concrete that render a load-bearing wall, once an architectural necessity, nearly obsolete. Air rights transfers have also served them well, enabling cantilevers to stretch higher and farther as long as they adhere to density quotas and stay far enough away from neighboring roofs. [more]

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  • From left: Gary Barnett and 227 Cherry Street

    From left: Gary Barnett and 227 Cherry Street

    Extell Development’s forthcoming development on the Lower East Side site of the former Pathmark grocery store will involve a massive tower, according to a neighborhood official. [more]

    2 Comments
  • angelo-gordon

    68 Charlton Street (via Curbed) and John Angelo

    Investment firm Angelo, Gordon & Co. intends to build a 13-story condominium building on a Hudson Square lot that former owner Extell Development planned to develop as a 35-story hotel.

    The property at 68 Charlton Street, near Varick Street, would be 115,296 square feet and hold 79 units. Amenities will include a gym, pool, basement steam room and children’s playroom. [more]

    1 Comment
  • Gary Barnett and a rendering of a living room at One Riverside Park (Credit: Wordsearch/Visualisation One)

    Gary Barnett and a rendering of a living room at One Riverside Park (Credit: Wordsearch/Visualisation One)

    Gary Barnett has pulled the remaining units at Extell Development’s One Riverside Park off the market pending a price adjustment, in response to the robust demand for the building. Sales were approved by the New York state attorney general 10 days ago. [more]

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  • Crane dangling from One57 after Hurricane Sandy and Gary Barnett (inset)

    Crane dangling from One57 at 157 West 57th Street after Hurricane Sandy and Gary Barnett (inset)

    Extell Development has finally taken down its much-maligned crane at One57, the developer said. “As One57 approaches completion, with its first closings scheduled for December, the crane was safely and successfully removed from the building this morning,” Extell said in a statement. [more]

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  • Barnett-Westbourne-Malone

    From left: Gary Barnett, 601-611 West 137th Street (Photo credit: PropertyShark) and Georgia Malone

    Gary Barnett’s Extell Development must pay $1.32 million to broker Georgia Malone after battling with her for nearly a year over how much commission she deserved on a multifamily building portfolio sale, court records disclosed today show. [more]

    20 Comments
  • 157 West 57th Street

    157 West 57th Street

    Extell Development’s much-maligned billionaire’s tower One57 is nearly sold out. [more]

    2 Comments
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