Extell secures $73M to refi five properties

Gary Barnett’s Extell Development locked in $73.5 million to refinance five commercial buildings in Chelsea, the Flatiron District and the Upper West Side. Deutsche Bank provided the financing, which includes $26.5 million in new loans and consolidates $47 million of existing loans on the properties, according to records filed with the city Monday. The properties […]

Extell sells commercial condo to Success Academy for $68M

Gary Barnett’s Extell Development, currently working to lock down financing for several of its high-profile condominium projects, has collected $67.7 million from the sale of a commercial condominium unit at its 555 10th Avenue rental tower. Success Academy Charter Schools bought the 93,871-square-foot commercial space at the base of the 562,325-square-foot tower, according to public […]

Empire Hotel Group’s Domb family buys $12M UWS pad

Affiliates of Empire Hotel Group heir Jay Domb snapped up a condo at Extell Development’s One Riverside Park for $12.1 million, according to property documents filed with the city Friday. The Upper West Side waterfront apartment spans 4,224 square feet and includes five bedrooms and 6.5 bathrooms. It’s not clear whether Domb will live in the […]

After stealth assemblage, Extell looks to sell NoMad development site

After stealthily assembling a NoMad site offering 135,000 buildable square feet, Gary Barnett’s Extell Development is looking to sell the property, sources told The Real Deal. The six-story office building at 30-32 East 29th Street and air rights from nearby properties at 28 and 34 East 29th Street could fetch up to $550 per buildable square foot, […]

Extell looks to have brought in Chinese equity partner at Central Park Tower

Gary Barnett’s Extell Development appears to have scored a capital partner for one if its most ambitious projects yet, the Central Park Tower at 217 West 57th Street. New documents filed with the New York Attorney General’s office indicate that the firm’s new partner on the Billionaires’ Row luxury condominium may be SMI USA, the […]

Bull’s-eye: Extell nabs Target at East Village development

Big-box retailer Target inked a deal to open a small-format store at in the East Village at Extell Development’s proposed two-building development. Target signed a 30-year lease at 500 East 14th Street on the corner of Avenue A, according to a memorandum of lease that hit property records Friday. Terms of the lease include a […]

Extell further delays closing $463M in RXR financing

Extell Development has once again delayed its closing of $463 million in mezzanine financing from RXR Realty for One Manhattan Square and two other New York City projects. After the developer reported Sunday to the Tel Aviv Stock Exchange that it will fail to meet its already extended deadline of June 30, Israeli bonds backed by Extell’s U.S. […]

Extell sells Flatiron garage at new condo site

The Kash Group’s Shlomo Bakhash and Skyway Development Group’s Steve Mashaal picked up a Flatiron District parking garage adjacent to a new 15-story condominium tower. The developers paid $32.2 million to Extell Development for the seven-story, 52,300-square-foot property at 19 West 20th Street. Icon Parking has the ground lease, which expires in 2033. Sources said […]