Extell finalizes $1.3B loan for Times Square supertall
Extell Development has finally locked in its $1.25 billion construction financing for a long-awaited Times Square supertall. Gary Barnett’s firm finalized a $1.1 billion construction loan from banks led by JPMorgan. It also secured a $150 million mezzanine loan from U.S. financial institutions this
Controversial Mamdani BSA pick confirmed after quelling concerns
The City Council came around on Mayor Zohran Mamdani’s controversial pick to run a housing board with newly expanded powers, confirming John Mangin on Thursday. Lawmakers initially recoiled at Mangin’s nomination, despite his long track record at the Department of City Planning across administration
Jay Badame jumps off sidelines with Bravo Group role
Three years after his controversial firing from AECOM Tishman, Jay Badame is back in a prominent position at a construction firm. The former AECOM president started as chief operating officer at Bravo Group last month, the Commercial Observer reported. He is overseeing dozens of employees at the fir
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