Gary Barnett’s next Midtown move?
Is Gary Barnett at it again? A Midtown office building that the Extell principal has been eyeing for his growing assemblage has been hit with a pre-foreclosure suit filed by a construction company that has previously partnered with Barnett. An entity tied to construction company JT Magen has filed for foreclosure on the 73,000-square-foot building at 110 East 55th Street, claiming owner Parkoff Organization defaulted on the loan and owes $40.6 million in principal and interest. JT Magen, which recently teamed up with Extell on a foreclosure in Boston, took over the mortgage from Flagstar Bank in March, according to […]
This article originally appeared on The Real Deal. Click here to read the full story.
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