RXR Chairman and CEO, Scott Rechler on 1211 Avenue of the Americas
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 […]
Finance Company BasePoint Expands to 20K SF at 75 Rockefeller Plaza
Finance company BasePoint is expanding its footprint at 75 Rockefeller Plaza to encompass 19,556 square feet including 5,440 square feet on the building’s 16th floor, and 14,116 square feet on the entire 19th floor. RXR was represented in-house by Daniel Birney, Walter Rooney and Heidi Steinegger. Additionally, RXR has inked another lease at 75 Rockefeller Plaza, technology platform PureStream Trading Technologies has signed a 3,295-square-foot […]
RXR and Sagehall Recapitalize 530 Fifth Avenue
RXR has partnered with Sagehall as part of a $180 million recapitalization of 530 Fifth Avenue, a 475,000-square-foot property that sits two blocks west of Grand Central Terminal. The new partnership will infuse $70 million of new capital into the building and will go toward repositioning the building, which stretches the length of the block between […]
Scott Rechler Honored at REBNY’s Annual Gala
RXR Chairman and CEO, Scott Rechler, was recognized as The Harry B. Helmsley Distinguished New Yorker for exceptional accomplishments in the profession and invaluable contributions to New York’s civic welfare at the Real Estate Board of New York’s 129th Annual Gala this week. In a feature interview, Rechler looked back over his career thus far and discussed his commitment to […]
LEADERS Interview with Scott Rechler
In the January 2025 issue of LEADERS Magazine, an interview with RXR Chairman and CEO Scott Rechler covers a range of topics including Scott’s views on the commercial real estate market, RXR’s industry leadership and national expansion, as well as RXR’s development of 175 Park Avenue, and general insights about retaining talent and pursuing a career in the […]
Ulta Beauty Opening 12K-SF Store at 620 Avenue of the Americas
The retail space at 620 Avenue of the Americas will be home to Ulta Beauty’s third Manhattan location, alongside retailers Burlington, TJ Maxx and Marshalls. “Throughout 2024, the RXR and Hudson Bay Capital teams collaborated to reintroduce 620 Avenue of the Americas as the go-to retail shop along the bustling Chelsea corridor,” said William Elder, RXR EVP, Managing […]
RXR Buys Stake in 1211 Avenue of the Americas
This week RXR announced that it has acquired 49% interest in 1211 Avenue of the Americas, one of the most recognizable and distinguished office buildings in New York City. The stake was acquired from Ivanhoé Cambridge, the global real estate group of CDPQ. RXR and Ivanhoé Cambridge will continue the program to reposition the asset by investing over […]
Scott Rechler Joins CNBC’s ‘Squawk on the Street’ and Discusses Current State of the Market
Earlier this week, RXR Chairman and CEO, Scott Rechler, joined CNBC’s ‘Squawk on the Street’ and discussed why he’s optimistic about New York City’s commercial real estate market. Rechler shared that he believes commercial real estate is poised for success in 2025. Those that adapted to the higher-for-longer interest rate environment and used the past year to play offense, […]
Burlington Coat Factory Doubles Sixth Avenue Corridor Presence at RXR’s 620 Avenue of the Americas
Burlington Coat Factory is moving to 620 Avenue of the Americas. For ~80,000 square feet and three levels, the 12-year lease nearly doubles Burlington’s presence in the Sixth Avenue corridor. Both T.J. Maxx and Marshalls signed five-year retail renewals for roughly 68,000 and 38,000 square feet, respectively. This deal marks another success for joint-venture owners RXR and Hudson Bay Capital, […]
Commercial Observer’s 2024 Year In Review
RXR Chairman and CEO, Scott Rechler, was recently interviewed by the Commercial Observer for the publication’s year in review. On the 2024 market, Rechler shared, “This was the year we went through five stages of grief, from denial to acceptance. During the year, owners and banks began to capitulate to where values are and acknowledge that, even if rates […]
RXR Awarded at Commercial Observer’s Breakthrough Awards
RXR received two honors at Commercial Observer’s Breakthrough Awards, which recognizes teams, deals, developments, and executives across asset classes and verticals who have succeeded despite economic and urban challenges. RXR was awarded in the Innovation in Office category for the RXO Program, a tenant experience program that offers a variety of services and amenities to tenants of RXR properties, and Public-Private […]
Scott Rechler Joins CNBC’s ‘Squawk Box’ and Discusses Current State of the Market
RXR Chairman and CEO, Scott Rechler, joined Andrew Ross Sorkin and CNBC’s Squawk Box team to discuss the current state of commercial real estate in New York City. One topic Scott raised was the critical role of thoughtful public policy in unlocking the innovation and ingenuity of the private sector. Scott touted New York City’s East Midtown Rezoning […]
