RXR Celebrates JFK Terminal 6 Groundbreaking
As part of JFK Millennium Partners, RXR kicked off the start of construction at JFK’s Terminal 6 with Governor Hochul and the New York Port Authority. The ceremonial groundbreaking marked the start of work on the 10-gate, 1.2 million square foot Terminal 6, which is expected to welcome passengers as early as 2026. Click here […]
Longtime Apex development Veridea to pick up progress after lengthy delay
Nestled in between U.S. Highway 1 and Interstate 540 and along NC-55, the Veridea development project will soon take shape and form in Apex. Click here to view full ABC11.com story
RXR Acquires Veridea in Apex, North Carolina for $3B ‘Superstar Region’ Project
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’. “The Veridea project is consistent with our strategy to invest in Superstar Regions […]
RXR’s Two Clinton Park Tops Out at 28 South Division Street in New Rochelle
RXR marked the topping out of Two Clinton Park, the firm’s third development project in downtown New Rochelle. Two Clinton Park’s topping out underscores RXR’s nearly decade-long commitment to the growth of New Rochelle’s urban core since being named the master developer of the city’s downtown. Two Clinton Park, a 28-story, 390-unit apartment building, broke […]
RXR Chairman and CEO Scott Rechler Joins ‘Squawk on the Street’ to Discuss Outlook on Commercial Real Estate
RXR Chairman and CEO Scott Rechler joined CNBC’s ‘Squawk on the Street’ to discuss the outlook on commercial real estate and RXR’s plan to review its own portfolio through a process dubbed ‘Project Kodak’. RXR will continue to allocate resources toward the ‘digital’ category of competitive buildings and find alternative uses for buildings that fit […]
East Side Access Service Begins at Grand Central Madison
The Metropolitan Transportation Authority’s Long Island Railroad (LIRR) has inaugurated service into the newly constructed Grand Central Madison Terminal. The expanded service is the outcome of an $11-billion project to connect the LIRR to the East Side of Manhattan. The city plans to replace 10-million square feet of aging commercial space surrounding the Grand Central […]
A Casino Would Transform the Nassau Hub
After nearly 20 years of working on this project, I can assure you that the Nassau Hub will not miraculously transform into the global destination of Long Islanders’ dreams. It requires action. It requires seizing opportunities when they present themselves. And today, we have been presented with a rare opportunity. An opportunity to create a […]
Pier 57 Wins New York State Historic Preservation Award
The Hudson River Park Trust announced that Pier 57 has received a 2022 New York State Preservation Award from the New York State Office of Parks, Recreation, and Historic Preservation (OPRHP). One of ten projects selected this year, Pier 57 earned recognition as a unique example of preservation work for a structure that is iconic […]
The Office Market’s Brightest Spot Going Into 2024: Law Firms
One of the nation’s largest office leases last year was a 750,000-square-foot renewal and expansion announced in August by Davis Polk & Wardwell at RXR’s 450 Lexington Avenue. Overall, four of the top 10 office leasing deals in 2023 in New York City were by law firms. Commercial Observer Article →
RXR Partnership Closes on $261M Preferred Equity for Upper East Side Portfolio
RXR, Macquarie Capital Principal Finance and the Qatar Investment Authority have closed on a $261-million preferred equity investment in the acquisition of a three-building, 858-unit, $825-million Class-A New York City multifamily portfolio. GO Partners, a joint venture between Black Spruce Management and Orbach Affordable Housing Solutions, acquired the portfolio on Manhattan’s Upper East Side. Hudson […]
RXR and Cappelli Begin First Phase of Inaugural Mall-to-Housing Conversion Project, Hamilton Green in White Plains
RXR and The Cappelli Organization broke ground on their $650 million inaugural mall-to-housing conversion project, referred to as Hamilton Green. The project will replace the shuttered White Plains Mall with four mixed-income multifamily buildings, as well as accessible open space, dining, retail and commercial spaces. “The City of White Plains looks forward to the construction […]
View Raises $200 Million in Convertible Notes with RXR- Affiliated Investment Vehicles
View, a maker of smart building technologies such as dynamic glass, raised $200 million in convertible notes raised by RXR-affiliated investment vehicles, including from USAA Real Estate, Anson Funds and BNP Paribas Asset Management. RXR Chairman and CEO Scott Rechler will join View’s Board of Directors. Click here to Watch Video on Bloomberg Markets
