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...
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.
Want to know more about Extell?
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
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....
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...
The top 10 biggest real estate projects coming to NYC
The coronavirus pandemic did not stop companies from filing plans for major construction projects last month. The top 10...
Extell’s plan for East Harlem development site revealed
Extell’s controversial East Harlem development site is destined to become … a low-rise office building. Gary Barnett’s company, known...
Extell’s Israeli bonds put on downgrade watch
Another New York real estate developer is attracting concerned looks from the Israeli bond market, as the coronavirus epidemic...
NYC’s 10 biggest new real estate projects
New York’s life-sciences sector got a major boost last month. A roughly 418,000-square-foot building from NYC Health + Hospitals in Manhattan’s Alexandria Center for Life Science was the largest project filed in January —...
« Previous
Next »