To: jeevacation@gmail.com[jeevacation@gmail.com]

From: Gmax

Sent Wed 3/10/2010 12:27:22 AM

Subject: Fw: The Real Deal: Bamett in contract to buy Carlton House

Title: Fw: The Real Deal: Barnett in contract to buy Carlton House

Never heard of these peeps..

----- Original Message -----
From: T Waitt <blackened out>
To: Gmax
Sent: Tue Mar 09 18:58:24 2010
Subject: Fw: The Real Deal: Barnett in contract to buy Carlton House

TW

From: Aby Rosen

To: T Waitt Sent: Tue Mar 09 15:47:17 2010 Subject: Fw: The Real Deal: Barnett in contract to buy Carlton House

Regards.

From: gpopkin To: Aby Rosen Sent: Tue Mar 09 18:04:08 2010 Subject: The Real Deal: Barnett in contract to buy Carlton House

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## NEWYORKREALESTATENEWS

The article Barnett in contract to buy Carlton House <http://go.madmimi.com/redirects/3a1eabc2b74a7d09b8938ecd864f4570?pa=609533410> has been mailed to you by gpopkin@rfrholding.com

Who says:

"fyi"

Bamett in contract to buy Carlton House

## 03/09/2010

<http://go.madmimi.com/redirects/3a1eabc2b74a7d09b8938ecd864f4570?pa=609533410>
Gary Barnett and the Helmsley Carlton House at 680 Madison Avenue

Gary Barnett's Extell Development partnered with investment firm Angelo, Gordon <http://go.madmimi.com/redirects/fadf39c7986d7e8a070b56de14a451c6?pa=609533410> to buy the Helmsley Carlton House <http://go.madmimi.com/redirects/e5ce8fc6215d28a2fcf13c0b03c84062?pa=609533410> at 680 Madison Avenue for about $170 million from the Helmsley estate, the Wall Street Journal first reported.

## 03/09/2010 (cont.)

Barnett and Midtown-based Angelo, Gordon are together in contract to buy the 160-unit hotel and apartment building at Madison Avenue between 61st and 62nd streets, which was being marketed by CB Richard Ellis vice chairman Darcy Stacotn, three sources confirmed to The Real Deal.

According to one of the sources. the bids were due last Friday, and needed to include a signed contract and a SI0 million deposit. A fourth source, speaking yesterday, said there were six bids made for the property. The retail portion of the building is considered a particularly valuable asset, insiders said.

Angelo, Gordon, one ofmany investors partnering with local players to purchase distressed properties in New York, declined to continent on the sale. CURE and Extell did not immediately respond to calls for comment.

The sale was considered a test for the commercial property market. Before the sale, sources said bids were being made at about S150 million. TRD

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