The Real Deal New York

Posts Tagged ‘gary barnett’

  • Steve Roth, Gary Barnett. Andrew Farkas, Jeff Blau

    From left: Steve Roth, Gary Barnett (Credit: STUDIO SCRIVO). Andrew Farkas, Jeff Blau (Credit: Chris Martin)

    Extell Development’s Gary Barnett and Vornado Realty Trust’s Steven Roth, who are both testing the limits of Manhattan’s luxury residential market, believe that continued global demand for top-end product could push prices even higher.

    The founders of Extell Development and Vornado Realty Trust spoke on a panel Tuesday as part of a forum hosted by the China General Chamber of Commerce at Bloomberg LP’s headquarters in New York. They were joined by Related Cos. CEO Jeff Blau and Goldman Sachs’ Mike Graziano, and discussed Chinese investment in the New York market, the proliferation of EB-5 financing and the state of the residential market. [more]

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  • 50-Riverside-Gary-Barnett

    From left: 50 Riverside Boulevard and Gary Barnett

    More than 88,000 applicants are vying for 55 affordable housing units at Extell Development’s Upper West Side “poor door” development. [more]

    4 Comments
  • From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    Extell Development’s Gary Barnett has approached the co-op board of 30 Central Park South — a former hotel that now primarily houses dentists’ offices — about a possible purchase. The move could make it challenging for Steve Witkoff and Harry Macklowe, who own the nearby Park Lane Hotel as well as an adjacent rental building, to build a supertall structure at the Park Lane site. [more]

    4 Comments
  • Two Bridges Project

    From left: On-site rendering of 250 South Street and Gary Barnett (credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development is looking to downsize the scope of its proposed tower at 250 South Street in Lower Manhattan.

    The developer is looking to change the height of the building on the former Pathmark site to 56 stories from 71, which comes down to roughly 100 feet, according to Bowery Boogie. The building will include 646 residential units across more than 748,000 square feet, according to the website. [more]

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  • One57 and Gary Barnett

    One57 in Midtown (inset: Gary Barnett)

    Gary Barnett’s Extell Development was hit with a stop-work order at One57 after a 4-by-4 sheet of plexiglas fell from the building over the weekend, hitting two parked cars. No one was injured. [more]

    7 Comments
  • 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

    Ziel Feldman’s HFZ Capital Group paid $575 million for Extell Development’s the Belnord, a rental building on the Upper West Side. [more]

    4 Comments
  • From left: A rendering of One57 and Guoqing Chen

    From left: A rendering of One57 and Guoqing Chen (Credit: China Institute of America)

    UPDATED, 6:06 p.m., Feb. 5: The founder of China’s largest private airline company paid $47.4 million for a full-floor condo at Extell Development’s’s One57.

    Guoqing Chen, co-founder of HNA Group, closed on the 86th floor unit on Jan. 21, paying $7,645 per square foot for the luxury condo, according to property records filed with the city today. Public documents list the buyer One57 86 LLC, but Chen’s name is listed on the $30.2 million mortgage. [more]

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  • 21 East 61st Street

    21 East 61st Street

    Extell Development sold a penthouse at the Carlton House for $52 million, according to property records filed with the city today. The duplex pad was asking $65 million.  [more]

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  • From left: 331 Park Avenue South and Gary Barnett

    From left: 331 Park Avenue South and Gary Barnett (Credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development sold 331 Park Avenue South, one of the buildings the company acquired in 2013 as part of the F.M. Ring portfolio, for $39.5 million to Metro Loft, The Real Deal has learned.

    The purchase marks Metro Loft’s second acquisition from the portfolio. In December, the developer bought a 12-story building at 114 East 25th Street for $36.5 million. Extell paid $308 million for a 50 percent stake in the Ring package. [more]

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  • gladstone

    From left: Robert Gladstone, Gary Barnett and 212 Fifth Avenue

    UPDATED: 4:56 p.m., Jan. 14: An office building at 212 Fifth Avenue, the crown jewel of the Ring portfolio in Midtown South, will be converted into a residential project with 48 apartments, according to a permit application filed with the city today. Although Gary Barnett’s Extell Development officially owns the building and is listed on the permit, sources said the 220,000-square-foot, 24-story property is in contract to sell to Joseph Sitt’s Thor Equities for $260 million. Robert Gladstone’s Madison Equities and real estate investment firm Building and Land Technology (BLT) are also buying a stake in the property.  [more]

    3 Comments
  • 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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  • 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]

    2 Comments
  • 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]

    2 Comments
  • One57 at 157 West 57th Street and Gary Barnett

    One57 at 157 West 57th Street and Gary Barnett (Credit: STUDIO SCRIVO)

    Extell Development sold just one apartment at One57 in the third quarter of the year. [more]

    10 Comments
  • 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]

    2 Comments
  • From left: Stephen Ross, Gary Barnett and One57

    From left: Stephen Ross, Gary Barnett and One57

    Not to be confused with the “pied-à-terre tax,” the city is now mulling over the idea to raise the “mansion tax.” The proposal has an unlikely supporter- Related Companies’ chairman Stephen Ross. [more]

    9 Comments
  • 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: 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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