Scott Rechler Interviewed on Fox Business
RXR Chairman and CEO, Scott Rechler, joined Liz Claman on Fox Business to discuss the state of commercial real estate, return to office, and Class-A office leasing in New York City. Rechler highlighted that New York City is different from other markets with not only the strongest return to office, but an office leasing market that is the […]
RXR, Hudson Bay Capital Secure $320M to Acquire and Recap 620 Avenue of the Americas
RXR and Hudson Bay Capital have secured a $320 million loan to jointly acquire and recapitalize 620 Avenue of the Americas, a 700,000-square-foot mixed-use office and retail property in Manhattan. “This recapitalization, combined with overwhelming tenant demand both in the office and retail market, demonstrates that by applying capital and capabilities to the right asset with […]
RXR Recognized in Commercial Observer’s Power Proptech List
Commercial Observer recognized RXR’s Scott Rechler, Matt Boras, and Andrew Min in its 2024 Power Proptech list. In discussing the firm’s technology initiatives in this space, RXR Chairman and CEO Scott Rechler shared: “We made a strong push to digitize much of our business a few years ago, even before the pandemic, starting with the creation of our […]
Demand for High-End Office Space is Hot
RXR Chairman and CEO, Scott Rechler, recently spoke with Business Insider about the demand for Class-A office space in Manhattan and discussed the firm’s intended plans for new-build, 175 Park Avenue. Demand is high for the the 1,575-foot-tall tower, near Grand Central Terminal in midtown Manhattan, and will call for rents above $200 per square foot, among the highest […]
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 […]
