Published On: Thu, Aug 20th, 2015

Gary Barnett’s Extell expands Diamond District footprint with $74 Million office deal

Developer rumored to be planning Midtown hotel


Gary Barnett and 10 West 47th Street in Midtown 500X

 Don’t expect the rumors that Gary Barnett’s Extell Development is planning a Midtown hotel to die down anytime soon. The firm just acquired a 14-story Diamond District office building at 10 West 47th Street for $74.4 million, located next to a building Extell picked up for $56 million last year.

Extell closed on 10 West 47th Street, a 72, 000-square-foot building between Fifth and Sixth avenues, on August 4, according to property records filed with the city Wednesday. The seller is Arthur Margolin’s Kenart Realties, which owned the property since 1980.

Read the full story at The Real Deal by by Rey Mashayekhi

 

Gary Barnett

217 West 57th  Nordstrom

Despite reports to the contrary, Gary

Barnett promises that his new Nordstrom

Tower at 217 West 57th Street will not

eclipse 1 World Trade Center. So New

Yorkers can breathe easier in the knowledge

that More…

048-049 One57 se FINAL.indd

A penthouse at Gary Barnett’s new luxury

apartment building One57 at 157 W. 57th

St in Manhattan has sold for a record

$100.47 million. The buyer chose to remain

anonymous. The record is for the highest

amount More…

former DSIO Director Gary Barnett

The U.S. Commodity Futures Trading

Commission (CFTC) said in a press release

on December 16 that Gary Barnett, Director

of the Division of Swap Dealer and Intermediary

Oversight (DSIO), will leave the agency in More…

W_45th_St_New_York__NY_by_emizael

Gary Barnett is likely to build yet another

towering structure to downtown Manhattan,

as reported by the Daily News. Barnett’s

Extell Development company has just shelled

out $45 million for a 52, 000 More…

44 West 66th Street

Gary Barnett’s Extell Development has finally

revealed what it plans to do with the plot on

Manhattan’s West Side currently home to the

Habonim synagogue as well as the price that it

paid for the parcel, $45 More…

40 Riverside Drive nyc

“Why embarrass low-income residents and

drive down high rents? Having a separate entrance

for poor people at the back of the building  just

makes sense, ” or so was the line of reasoning

(not spoken More…

547-555 10th Avenue

Gary Barnett’s Extell Development is planning

on adding a dormitory to its new $500 million

mid-town Manhattan residential development.

This was first reported in the New York Observer.

Located at 547-555 10th More…

International Gem Tower

– Stephen Green’s SL Green New York real estate

firm is planning to acquire a stake in Manhattan’s

new International Gem Tower owned by

Gary Barnett’s Extell Company. The firm is

interested in buying More…

Gary Barnett

Gary Barnett’s Extell development is danger of

being fined $440, 000 for civil contempt. This

results from a civil suit brought by Kelly Coffey,

the deputy CEO of Morgan Bank. Coffey won

the escrow More…

215 West 57th Street

Gary Barnett’s Extell Development Company

is celebrating the decision by a New York Superior

Court Judge to dismiss a lawsuit brought against

it by members of the Art Students League of New

York over More…

 

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