Extell makes its Diamond District hotel official
Hotels have faced their fair share of trouble during the pandemic, with some defaulting on their loans and others...
Extell Development
About: Extell Development is a New York City-based real estate development company.
Headquartered in: New York, NY
Founded in: 1989
Founded by: Gary Barnett
Extell Development Q&A
What does Extell Development do?
Extell develops real estate. Its projects have included the 1,000-foot One57; the W Hotel in Times Square, which opened in 2002; 45 Walker Street, an office-to-loft-condominium conversion in Tribeca; and the International Gem Tower in the Diamond District. It is developing a supertall mixed-use condominium along Billionaires' Row at 217 West 57th Street in Midtown called Central Park Tower. The first few floors of the tower will house Nordstrom, an upscale department store.
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Check out our Top Stories below for The Real Deal's most up-to-date coverage of Extell.
Extell Development Top Stories
August 29, 2019—Extell Development has refinanced the 815-unit condo project at One Manhattan Square with a $560 million senior inventory loan and $140 million in mezzanine debt.
The Latest
Extell brings on Corcoran Sunshine to help market Central Park Tower
When it launched sales in 2018, Extell Development’s Central Park Tower was the most expensive condominium project in the...
Extell, Starwood alums seek $500M for “contrarian” investing
Two former executives at Starwood Capital Group and Extell Development are starting a fund to capitalize on undervalued properties...
Judge throws cold water on Extell’s UWS condo development
A New York judge has chided Extell Development for attempting to extend the height of its proposed Upper West...
NYC developers face downgrades on Israeli bond market
Rating agencies in Israel are reassessing the creditworthiness of New York-based real estate developers trading on the country’s bond...
Claude Wasserstein relists UES penthouse for $55M
It is marketed as “pastoral and bucolic,” a spacious penthouse framed by leafy terraces overlooking a valley of Central...
Torgalkar out as CEO of Extell: sources
Sush Torgalkar has stepped down as CEO of Extell Development, The Real Deal has learned, less than two years after taking the top job at one of New York’s most active luxury residential developers....
Tri-State
Kushner Cos. buys Gary Barnett out of development on NJ waterfront
Gary Barnett’s Extell Development is saying goodbye to the New Jersey waterfront — at least part of it. The...
HNA’s fire sale continues with One57 deal
HNA Group has sold a third condo unit at One57 at a significant loss, the latest in a long-running series of trophy dispositions for the once high-flying Chinese conglomerate. An entity affiliated with the...
Extell pushes forward plans for UWS condo with new partner
Extell Development is bringing on a new partner for its 775-foot Upper West Side condo tower, which caught heat...