RXR Inks 3 New Retail Leases at Atlantic Station in Stamford
RXR secured three new leases totaling 40,000 square feet at the residential complex, Atlantic Station in Stamford, CT providing dining, entertainment and shopping opportunities for both residents and the broader community. The three leases include Lovesac, a national modern furniture company specializing in a patented modular furniture system called Sactional; Golf Lounge 18, an entertainment-based premium indoor golfing facility; […]
The Bronx Experiencing a Residential Renaissance
Mott Haven is experiencing a new era of revitalization, with thousands of new units built or coming online. The South Bronx neighborhood led the city with 2,326 new building units. The recent surge in development does not surprise Andrew Barrocos, CEO and founder of MNS, which is leading the leasing effort at RXR’s Maven in Mott […]
RXR Kicks Off ‘Clinton Park Summer Series’ In New Rochelle
RXR, the master developer of downtown New Rochelle, in partnership with Casaroma Cafe and The Lincoln Park Conservancy, announced this week the “Clinton Park Summer Series,” a six-week series of free community events “designed to engage, entertain, and unite the local New Rochelle community.” Patch Article →
Opportunistic Funds Aim at Looming Distress: ULI Conversation with Scott Rechler of RXR
RXR Chairman and CEO Scott Rechler recently spoke with ULI Foundation Chair Faron A. Hill in a ULI webinar about the challenges and opportunities in the commercial real estate market in the months ahead. Rechler likened the challenges, such as the $1 trillion in loan maturities looming over the market, to that of a ‘hurricane’ off the U.S. […]
RXR and Apollo Supply Senior Loan for NJ Development
RXR and Apollo provided financing for a $295 million construction loan for a two-phased mixed-used development project in Jersey City, New York. The two-phase, 1,723-unit mixed-use development will be one of the largest multifamily rental projects in New Jersey when complete. Commercial Observer Article →
RXR Mentioned in New York Times on Congestion Pricing
The New York Times recently mentioned an opinion piece by RXR Chairman and CEO Scott Rechler and David Garten, Senior Advisor to RXR, regarding a potential path forward for congestion pricing in New York City. “The program that Hochul paused required the M.T.A. to raise $1 billion annually with limited flexibility or room for exceptions,” they wrote. “A more gradual […]
A Smarter Way to Fund the MTA and Public Transportation
In a recent piece for the New York Daily News, RXR Chairman and CEO Scott Rechler and David Garten, Senior Advisor to RXR, share their thoughts on a path forward for congestion pricing in New York City. “We need congestion pricing, but the current plan doesn’t fit our present realities. Instead of using a playbook from five years […]
RXR Provides $120 Million Construction Loan for Phoenix Multifamily Development
RXR provided $120 million in construction financing to Vela Development Partners and its joint venture partner Ray to build Ray Phoenix, a 401-unit, 26-story multifamily tower in Phoenix, Arizona. Located in the heart of downtown Phoenix, near the light rail line and a short walk from Chase Field, Ray Phoenix will provide luxury apartments at various […]
RXR Featured in The Real Deal’s Top Texas Stories of 2024
Last year, RXR acquired the former Uplift Education building at 2625 Elm Street in Dallas’ Deep Ellum. This project was recently featured in The Real Deal’s roundups of top stories in Texas in 2024. The Real Deal Article →
Brooklyn Developers Turn To Building Neighborhoods, Not Just Towers
Speaking at Bisnow’s Brooklyn State of the Market event, RXR Executive Vice President of Development, Rebecca D’Eloia discussed RXR’s work across the borough, including the 34-story mixed-use tower The Willoughby and the 30-story mixed-use project at 89 Dekalb Ave. Bisnow Article →
Scott Rechler on the Impact of ‘Higher for Longer’ Interest Rates
In a recent appearance on CNBC’s Last Call, RXR Chairman and CEO, Scott Rechler spoke with host Brian Sullivan on the potential impact that ‘higher for longer’ interest rates could have on commercial real estate and the banking system. Last Call Clip →
Scott Rechler on Commercial Real Estate’s Moment of Reckoning
In a recent appearance on Bloomberg Radio, RXR Chairman and CEO Scott Rechler shared his perspective on the commercial real estate industry’s journey through what he refers to as the “five stages of grief.” Rechler discussed how the industry has reached the stage of acceptance: interest rates aren’t dropping, and values will not bounce back. The industry […]
