RXR Secures Two Leases at 620 Avenue of the Americas
This week, RXR announced two leases at 620 Avenue of the Americas. Cole Haan signed an 11-year renewal to keep its 62,262-square-foot office in the building, and 32BJ signed a 20-year lease to expand its footprint in the building by 20,778 square feet. RXR EVP, Managing Director of New York City Division, William Elder, said, “620 Avenue of the Americas […]
RXR Chairman and CEO, Scott Rechler, Joins ‘Squawk Box’ on CNBC to Discuss Recent Reduction in Interest Rates
Earlier this week, RXR Chairman and CEO, Scott Rechler, joined ‘Squawk Box’ on CNBC to discuss the impact of the interest rate cuts on commercial real estate. In this interview, Rechler says that by shaping the narrative, Federal Reserve Chairman Jerome Powell helped bring Treasury yields down while keeping both stock and bond markets strong. With the loosening […]
Rechler: Commercial Real Estate is Facing New Paradigm
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 […]
Plunging Office Values Alarm Washington
RXR Chairman and CEO, Scott Rechler, unpacked the impact of higher-for-longer interest rates on commercial real estate in a conversation with Politico. Rechler stated: ”This is different than 2008 – that this is not going to resolve itself in just, you know, prices and values re-inflating because of an injection of capital into the system… at […]
RXR Development Team Tops Out $650M Conversion of White Plains Mall
RXR, The Cappelli Organization, and Korman Communities joined with members of Westchester County and the City of White Plains to celebrate the topping out of AVE Hamilton Green, a $650-million mall-to-housing conversion project that transforms the former site of the White Plains Mall into a mixed-use residential development. Situated three blocks from the newly renovated […]
RXR Opens Two Clinton Park With Extensive Amenities
Last month RXR, the master developer behind the transformation of downtown New Rochelle, celebrated the grand opening of Two Clinton Park. It’s the newest New Rochelle property that boasts 390 state-of-the-art apartments and extensive amenities. RXR was selected to revitalize the downtown a decade ago in an effort to create a bright and expansive future […]
WABC Features Green Space on RXR’s Pier 57 Rooftop
William Elder, RXR EVP, Managing Director of New York City Division, walked ABC7 through the rooftop green space at RXR’s Pier 57 as part of ABC7’s segment on eco-friendly buildings. Pier 57’s two-and-a-half-acre rooftop green space is more than just pretty foliage and finely manicured lawns – the rooftop greenery insulates the building, absorbs rainwater during storms and […]
Commercial Observer: RXR Is Busy Filling Incomplete Capital Stacks
RXR Chairman and CEO, Scott Rechler, and RXR Executive Vice President, Investment Management Group, Russell Young, recently discussed RXR’s credit solutions platform with the Commercial Observer. The platform bridges the gap between traditional lending and equity partners, offering borrowers flexible, value-added solutions. The company’s approach to real estate debt investment is differentiated by its vertically integrated operating model, encompassing […]
RXR Tops Out 324-Unit Brooklyn Tower
RXR and Long Island University celebrated the topping out of 89 Dekalb, a multifamily property in downtown Brooklyn. The 30-story tower features 324-units as well as 55,000 square feet of academic space for LIU. This is the second partnership between RXR and LIU following the completion of The Willoughby, a 476-unit, 34-story tower nearby that also […]
RXR’s Two Clinton Park Opens In New Rochelle
RXR recently celebrated the grand opening of Two Clinton Park, a 28-story residential tower at 28 South Division Street in New Rochelle. Two Clinton Park brings to market 390 apartments that range from studio to three-bedroom layouts, in addition to nearly 24,000 square feet of amenity space and approximately 7,500 square feet of retail space. The […]
RXR and Georgica Green Ventures Open Highgarden Tower in New Rochelle
A ribbon-cutting ceremony was held to formally open Highgarden Tower, a 219-unit affordable housing apartment building at 11 Garden St. in New Rochelle. Highgarden Tower was developed by Georgica Green Ventures, LLC in collaboration with RXR, the master developer for New Rochelle’s downtown. The development includes 8,000 square feet of community incubator space contributed by the […]
RXR Opens Two Clinton Park in Downtown New Rochelle
As the master developer of Downtown New Rochelle, RXR held a ribbon cutting of Two Clinton Park, its newest residential tower featuring 390 luxury apartments and extensive amenities. It joins 360 Huguenot, 11 Garden Street and One Clinton Park, with the four projects bringing more than 1,000 new rental apartments to the area. “Ten years […]
