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A landmark transfer rule also limits the increase in floor area to 20 percent-except in high-density areas-thus further discouraging developers. “Most developers, if it requires a ULURP, avoid it like.
Extell bonds drop amid further delays in Manhattan project financing extell limited bonds dropped as much as 3.7% on Sunday after the New York property company said it got a three-month extension to repay a $150 million loan connected to the development of its One Manhattan Square project.
Rockpoint did not wish to comment further, but as first reported by Mortgage Observer (before it merged with Commercial Observer), at the end of 2014 the firm acquired The Wimbledon, a 28-story apartment high-rise on the Upper East Side, for $218 million, with a $115 million loan from Wells Fargo, city records show.
The Real Deal March 2015.. RXR Realty’s Scott Rechler, on the potential for continued gains in the New York office market, despite recently selling a 50-percent stake in six area buildings to.
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Extell bonds plummet in Tel Aviv. The Gary Barnett-led firm’s two bond series are now both trading at yields of around 15 percent, with Israeli market sources describing Extell’s performance as "distressed." The selloff in Extell bonds is being attributed to a delay in the closing of more than $463 million in financing from Scott Rechler’s RXR.
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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. Separately, Deutsche Bank.
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RANGEL RACE GOES NUCLEAR — Accusations fly before historic vote in NY13 — POLITICO New York’s Azi. http://bit.ly/295S1xW INTEL ON EXTELL-“Extell further delays closing $463M in RXR financing,” by.