Squawk on the Street with Scott Rechler
RXR Chairman and CEO Scott Rechler joined CNBC’s ‘Squawk on the Street’ earlier this week to discuss why he’s been outspoken about troubles in the commercial real estate sector, if it’s too early to put capital to work in real estate, and more 2024 could be turbulent for the commercial real estate industry, but as Scott […]
RXR Signs Two Leases at 530 Fifth Avenue
RXR has signed two leases at its Midtown East office building 530 Fifth Avenue. Executive search firm Major, Lindsey & Africa signed an 11-year lease for 12,300 square feet on the 11th floor. Software development company Operative signed a three-year lease renewal for 9,750 square feet on the 19th floor of the building, where the company has been a […]
RXR and Ares Management to Invest in Distressed Office Buildings
RXR and Ares Management are partnering to invest in New York City’s distressed office buildings. RXR and Ares are planning to target a sliver of office buildings around the city that they believe are still appealing but that may need fresh capital to remain competitive or a restructuring of debt to reflect the new realities […]
RXR’s Starrett-Lehigh Building Named the Official Designer Runway Venue of NYFW: The Shows
IMG, the official organizer and operator of NYFW: The Shows, has released its full slate of programming and events. NYFW takes place February 9th to 14th, and IMG will activate across New York City with three main locations: RXR’s Starrett-Lehigh Building, the official designer runway venue of NYFW: The Shows, the consumer-focused NYFW Backstage at 21Greene, […]
RXR Names Scott Crowe CSO, Head of Equity Capital Markets
Scott Crowe has joined RXR as Executive Vice President, Chief Strategy Officer & Head of Equity Capital Markets. Scott Crowe will lead the expansion of RXR’s investment management platform and work on strategic initiatives. “The addition of Scott to our team is well-timed with the ongoing evolution of our business and expansion,” said Scott Rechler, Chairman and CEO […]
Scott Rechler on CNBC’s Last Call: The economy and markets have been addicted to ultra-low interest rates
Scott Rechler, RXR Chairman and CEO, appeared on CNBC’s Last Call to share his views on how inflation may be impacting certain segments of the economy more than others and why he believes we are still in the early innings when it comes to adapting to a new interest rate regime.
RXR Inks 700K SF Lease at 450 Lexington for Davis Polk & Wardwell Law Firm, Largest Lease in NYC This Year
RXR signed Davis Polk & Wardwell law firm to a 25-year extension at 450 Lexington Avenue. In connection with the lease, RXR and its partners are investing over $300 million for extensive capital improvements throughout the building common areas across Davis Polk’s 23 floors. The planned renovations will encompass the full modernization of lobbies and […]
RXR’s Multifamily Demographic Moves to the Sunbelt
Eric Clement, RXR, SVP, Fund Manager, Social Impact & Sustainability Investments, spoke with The Real Deal about RXR’s focus on high-growth Sunbelt metros, such as Dallas, Texas. RXR closed on a 100-year-old, two-story building in Dallas’ Deep Vellum entertainment district. The Real Deal Article →
RXR Buys Site for a $3 Billion ‘Superstar Region’ Project in Apex, North Carolina
RXR acquired Veridea, a 1,000+ acre, $3 billion mixed-use development site in Apex, North Carolina, located within the Research Triangle formed by Raleigh, Durham, and Chapel Hill. The new development will be part of RXR’s national strategy of investing in “Superstar Regions.” Phase I of the project includes the development of at least 1,000 multifamily […]
Scott Rechler Appears on 60 Minutes
RXR Chairman and CEO, Scott Rechler, appeared on CBS News’ 60 Minutes to discuss what he refers to as an ‘existential moment’ in commercial real estate. Scott describes how the industry is ‘crossing the chasm’ during this current point of inflection. “This post-COVID world of higher interest rates, the changing nature of how people work […]
Sustainability Is a Serious Deal for These Westchester Businesses
RXR’s Hamilton Green project in White Plains, NY, plans to repurpose the White Plains Mall into transit-oriented housing. The project is designed as a LEED Silver building, in line with Energy Star standards, and seeks to achieve the WELL Health + Safety certification upon opening, said Joseph Graziose Jr., EVP, RXR Development Services. Hamilton Green will also use […]
RXR Purchases 100-Year-Old Building in Deep Ellum, Texas
RXR has purchased a 100-year-old building in Deep Ellum, Texas from Uplift Education. The two-story building, at 2625 Elm Street, measures 85,000 square feet and spans most of the block. Deep Ellum, a nightlife and entertainment district just east of downtown Dallas, has become a development hotspot in the past decade. The Real Deal Article […]
