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 […]

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 […]

Gary Barnett to build NYC’s first Hard Rock Hotel: report

Hard Rock Hotel and Casino in Biloxi, Miss. (credit: Santcomm) (inset: Gary Barnett, credit: STUDIO SCRIVO) Gary Barnett is reportedly bringing the Hard Rock Hotel to New York City. The popular theme restaurant, hotel and casino operator plans to announce its first Northeast hotel next week – a Manhattan location that reportedly will be in partnership with […]