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 […]
Why Renters May Be Surprised by Mott Haven’s New Developments
Mott Haven leads New York City in production of new housing units as result of two rezonings. RXR’s Maven, a new 27-story tower at 2413 Third Avenue, was highlighted as one of the leading new developments. Jarrod Whitaker, Senior Vice President of RXR Residential Services, said that over the past decade “there’s been a focus on putting in quality […]
RXR’s Public-Private Partnership is Transformative for Downtown New Rochelle
Speaking at a panel sponsored by Bisnow, New Rochelle Mayor Yadira Ramos-Herbert said that real estate development has been fundamental to the growth of downtown New Rochelle. “Our partnership with RXR, through the master development plan, has really been transformative in bringing high-end apartments but also affordable housing to the heart of the downtown,” she said. “That […]
RXR to Break Ground this Fall on $3 Billion Masterplan in Apex, NC
RXR will break ground soon on a $3 billion mixed-use development, Veridea, in Apex, North Carolina. Site and infrastructure work is expected to begin this fall, with plans to go vertical with the first buildings in early 2025. When complete, the new Veridea development will have 8,000 residential units, 35 million square feet of retail, hospitality, and […]
RXR Sponsors 9/11 Memorial & Museum Annual 5K Run/Walk
For the 11th consecutive year, Team RXR sponsored the annual 9/11 Memorial & Museum 5K in Lower Manhattan.
