RXR Chairman and CEO, Scott Rechler, recently joined David Westin on Bloomberg’s Wall Street Week to discuss the current state of the commercial real estate industry. In this segment, they explore how the industry has reached an inflection point, moving from ‘higher for longer’ interest rates to ‘higher as the new normal’. This shift will lead to a multi-year process of recapitalizing balance sheets to adjust leverage for this new reality. They also touched on the growing role of non-bank lenders, stepping in to fill the void left by traditional lenders, particularly regional banks, in the credit markets.
