Rabsky, Spencer Equity take over major DoBro development from Extell

A Downtown Brooklyn project has changed hands for the third time in a decade — and is getting bigger. Simon Dushinsky’s Rabsky Group and Joel Gluck’s Spencer Equity Group took over the long-term ground lease at 356 Fulton Street from Gary Barnett’s Extell Development in a $39 million deal, property records show.  The frequent partners picked up the site, plus two neighboring parcels and air rights, in a $56 million deal, according to a filing on the Tel Aviv Stock Exchange, where Gluck has raised multiple rounds of debt financing. They intend to purchase more air rights in the coming […] This article originally appeared on The Real Deal. Click here to read the full story.