Extell sells $107M in shares at its $4B Central Park Tower condo project

Gary Barnett’s Extell Development sold $107 million worth of preferred shares in the $4 billion Central Park Tower development, according to documents filed with the Tel Aviv Stock Exchange on Monday. The deal will provide $94 million of cashflow for the development of the 95-story condominium tower. According to the terms of the deal, Extell will sell six Series B shares in the joint venture formed by Extell and Shanghai Municipal Investment in May 2016, […]

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