Extell nabs $440M in financing for Midtown assemblage

first_img This content is for subscribers only.Subscribe Now Extell CEO Gary Barnett and a portion of the assemblage at 562-572 Fifth Avenue, 2 West 47th, and 10 West 47th (Credit: Google Maps)In one of its last big deals of 2019, Gary Barnett’s Extell Development tightened its grip on a Midtown development site, and sewed up $440 million in new financing for a future project there.The site, not far from Extell’s International Gem Tower, is comprised of a 13-part assemblage at Fifth Avenue between 46th and 47th streets.In two separate transactions in late December, Extell bought out Hong Kong-based Meridian Capital Limited’s stake in the assemblage for $263.7 million. It also bought out SL Green’s interest at 562 Fifth Avenue for $52.4 million.Extell also landed the $440 million in financing for the deals, according to PincusCo Media, which first reported on the loan and buyout. The total includes a $340 million senior loan from JPMorgan Chase and another bank and a $100 million mezzanine loan from Meritz Financial Group. The project — which has as-of-right development potential of 607,557 square feet — is likely to be an office building, Extell began assembling pieces of the site in 2008, and has shelled out $540 million to date.Since 2011, Meridian — which is linked to some of Kazakhstan’s wealthiest individuals — has invested more than $200 million into Extell’s New York real estate projects, according to an analysis of property records by The Real Deal. [PincusCo] — E.B. SolomontRead moreMeet Extell’s secretive Kazakh backerExtell adds to Diamond District assemblagelast_img read more

Draw for European Cups 1/8 Finals: Hypo in Leverkusen – Zaječar VS Volgograd Part 2

first_imgShareTweetShareShareEmailCommentsDraw for the Women’s European Cups 1/8 Final was held in Vienna:Women´s EHF Cup Last 16 pairings:Astrakhanochka (RUS) vs WHC Radnički Kragujevac (SRB)Cankaya Bel. Anka Spor K. (TUR) vs Grupo Asfi Itxako Navarra (ESP)Tertnes Bergen (NOR) vs HAC Handball (FRA)H.C. Zalau (ROU) vs Juve Lis (POR)ZRK Vardar SCBT (MKD) vs HC “Kuban” Krasnodar (RUS)Team Tvis Holstebro (DEN) vs Lada (RUS)FC Midtjylland (DEN) vs RK GEN-I Zagorje (SLO)Metz Handball (FRA) vs KGHM Metraco Zaglebie Lubin (POL) 1 Comment Women´s Cup Winners´ Cup Last 16 pairings:HC Podravka Vegeta (CRO) vs Váci NKSE (HUN)Byåsen Trondheim (NOR) vs HC Leipzig (HUN)WHC Metalurg (MKD) vs Thüringer HC (GER)Hypo NÖ (AUT) vs TSV Bayer 04 Leverkusen (GER)Stabaek Handball (NOR) vs Issy Paris Hand (FRA)Vistal Łączpol Gdynia (POL) vs Balonmano Bera Bera (ESP)Rostov-Don (RUS) vs Team Esbjerg (DEN)Dinamo Volgograd (RUS) vs RK Zaječar (SRB) Vestergaard 20. November 2012. at 22:09 Women´s Challenge Cup Last 16 pairings:ŽRK Kumanovo (MKD) vs ŽRK Zrinjski Mostar (BIH)Spartak Kiev (UKR) vs HBC Nimes (FRA)ABU Baku (AZE) vs AZS Politechnika Koszalin (POL)KSS Kielce (POL) vs Mios Biganos Bassin D’Arcachon (FRA)Sokol Písek (CZE) vs DHK Baník Most (CZE)FETA EPIRUS Anagennisi Artas (GRE) vs Üsküdar B.S.K. (TUR)ŽRK Maks-Sport-Nova Pazova (SRB) vs Fantasyland Samobor (CRO)VS Succes Schoonmaak/VOC Amsterdam (NED) vs H 65 Höör (SWE) 1 Commentcenter_img ShareTweetShareShareEmail Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Related Items: wow! didn’t know that Hungary occupied Germany and took Leipzig…last_img read more