In an interview with the Wall Street Journal, RXR Chairman and CEO, Scott Rechler, discussed RXR’s recent acquisition of 49% stake in 1211 Avenue of the Americas. Rechler shared the company’s plan to invest more than $300 million to attract new tenants by adding a new entrance, new plaza and gym and added: “If we can come in and fix the capital structure, we’ll have no problem leasing the space because the market has gotten stronger.”
