East Side Access Service Begins at Grand Central Madison
The Metropolitan Transportation Authority’s Long Island Railroad (LIRR) has inaugurated service into the newly constructed Grand Central Madison Terminal. The expanded service is the outcome of an $11-billion project to connect the LIRR to the East Side of Manhattan. The city plans to replace 10-million square feet of aging commercial space surrounding the Grand Central […]
Crossing the Chasm – A Strategic Conversation with Scott Rechler, RXR
A Casino Would Transform the Nassau Hub
After nearly 20 years of working on this project, I can assure you that the Nassau Hub will not miraculously transform into the global destination of Long Islanders’ dreams. It requires action. It requires seizing opportunities when they present themselves. And today, we have been presented with a rare opportunity. An opportunity to create a […]
Pier 57 Wins New York State Historic Preservation Award
The Hudson River Park Trust announced that Pier 57 has received a 2022 New York State Preservation Award from the New York State Office of Parks, Recreation, and Historic Preservation (OPRHP). One of ten projects selected this year, Pier 57 earned recognition as a unique example of preservation work for a structure that is iconic […]
RXR Partnership Closes on $261M Preferred Equity for Upper East Side Portfolio
RXR, Macquarie Capital Principal Finance and the Qatar Investment Authority have closed on a $261-million preferred equity investment in the acquisition of a three-building, 858-unit, $825-million Class-A New York City multifamily portfolio. GO Partners, a joint venture between Black Spruce Management and Orbach Affordable Housing Solutions, acquired the portfolio on Manhattan’s Upper East Side. Hudson […]
RXR and Cappelli Begin First Phase of Inaugural Mall-to-Housing Conversion Project, Hamilton Green in White Plains
RXR and The Cappelli Organization broke ground on their $650 million inaugural mall-to-housing conversion project, referred to as Hamilton Green. The project will replace the shuttered White Plains Mall with four mixed-income multifamily buildings, as well as accessible open space, dining, retail and commercial spaces. “The City of White Plains looks forward to the construction […]
View Raises $200 Million in Convertible Notes with RXR- Affiliated Investment Vehicles
View, a maker of smart building technologies such as dynamic glass, raised $200 million in convertible notes raised by RXR-affiliated investment vehicles, including from USAA Real Estate, Anson Funds and BNP Paribas Asset Management. RXR Chairman and CEO Scott Rechler will join View’s Board of Directors. Click here to Watch Video on Bloomberg Markets
The Starrett-Lehigh Building, at 90, Prepares for Its Future
The venerable city landmark, a star of industrial modernism when it opened, is adding amenities for commercial tenants, especially in creative fields.
RXR Realty Looks Towards a Bright Future in Westchester
We chatted with the Manhattan-based real estate giant about its jump to Westchester and what the future holds in the county.
RXR CEO Scott Rechler elected to NY Fed board
The New York Fed announced Tuesday that Rechler will fill a short-term vacancy and is likely to be nominated for a full three-year term.
Roku signs 240,000-square-foot lease at 5 Times Square
Roku is taking over the space previously occupied by Ernst & Young, which moved to One Manhattan West.
RXR Realty Buys Brooklyn Multifamily for $220M
NEW YORK, NY – New York-based, RXR Realty LLC has purchased a 320-unit rental apartment component of a mixed-use property in Brooklyn’s DUMBO neighborhood for $220 million.
