RXR Secures $1.45B Recapitalization for 1211 Avenue of Americas
RXR has completed a $1.45 billion recapitalization of 1211 Avenue of the Americas, a 45-story, 2 million-square-foot office tower that houses News Corp. and Fox News. This recapitalization follows RXR’s creation of the Gemini Office Venture, a $3.5 billion investment platform that also acquired stakes in 590 Madison Avenue and The Starrett-Lehigh Building. Commercial Observer Article
LEADERS Magazine Interview with Scott Crowe
RXR EVP, Chief Strategy Officer, and Head of Equity Capital Markets, Scott Crowe, was featured in the October issue of LEADERS Magazine, where he discussed RXR’s national expansion into “superstar regions” such as Dallas, Tampa, Charlotte, and Phoenix. He emphasized how RXR is leveraging its expertise in urban planning, public/private partnerships, and community engagement to help these […]
Restaurant Openings at Pier 57: Miru and ofCorsica
Pier 57 has welcomed two new dining destinations: OfCorsica!, a Mediterranean-inspired restaurant showcasing an exceptional selection of Corsican wines, and Miru, a spacious rooftop Japanese restaurant. Both are operated by Michael Dorf and the City Winery Group. Their opening marks a significant milestone in the ongoing redevelopment of this iconic waterfront destination, bringing the pier to full occupancy. […]
RXR Launches Gemini Office Venture – A Multibillion Investment Platform Targeting Premier NYC Office Assets
Over $3.5 Billion in Transactions To-Date NEW YORK (September 24, 2025) – RXR, a real estate investment manager that creates value by applying vertically integrated operational and development capabilities, announced the launch of its Gemini Office Venture. This new multibillion-dollar office platform invests in premier Class A New York City office that can be acquired […]
RXR Launches Gemini: A Multi-Billion Dollar Office Venture
The COVID-19 pandemic made clear that there would be winners and losers in the office market, with premier, well-located, highly amenitized Class A properties positioned to thrive in the post-COVID world, while outdated, commodity assets will face ongoing structural headwinds moving forward. This distinction drives RXR’s Office Recovery Strategy. With many institutional investors pulling back […]
Capital Markets Shift in 2025: Commercial Observer Private Equity Forum
At Commercial Observer’s National Institutional Investor & Private Equity Forum, RXR Executive Vice President, Chief Strategy Officer & Head of Equity Capital Markets, Scott Crowe, described a structural shift that has occurred across the lending industry, with banks becoming more risk averse, especially after the regional banking crisis of 2023. Crowe shared that amid several […]
RXR Secures Approval For Office-to-Residential Conversion in Brooklyn
RXR has secured approval for the rezoning and approval of a nine-building, mixed-use residential complex at 47 Hall Street in Clinton Hill, Brooklyn. The site will feature 933,000 square feet of revitalized space, including a new 21-story residential tower and the adaptive reuse of eight historic structures, 620 rental units, with 150–180 designated as permanently […]
RXR Completes 2025 Summer Intern Class
Over the past 10 weeks, RXR’s 2025 Summer Intern Class of 27 students immersed themselves across 15 departments, bringing exceptional talent, dedication, and fresh perspectives to every project. From departmental workshops and portfolio tours to a collaborative capstone project, they embraced every opportunity to learn, contribute, and grow. Along the way, they built meaningful connections […]
RXR Announces The Arden at Garvies Point with Chuo-Nittochi Group
RXR is pleased to announce a partnership with Chuo-Nittochi Group for the development of The Arden, a multi-family rental building located within RXR’s Garvies Point waterfront community in Glen Cove, New York. The Arden will deliver rental apartments with a suite of premium amenities tailored to today’s evolving residential needs. As Chuo-Nittochi’s first direct joint […]
RXR’s Veridea Master Development is a Major Opportunity
RXR’s Veridea development in Apex, North Carolina, has seen significant retail interest surge after the recent announcement of NC Children’s Hospital. RXR expects to create a retail feel similar to a “downtown hometown”. Walkability is a priority, as is having front-facing buildings with the possibility of adding a social district. Veridea is another example of […]
Bisnow Article: RXR Seals Billion Dollar Deals
RXR just had a big week. Well, actually, it had a ginormous Thursday. The developer finally closed on 590 Madison Avenue, dropping $1.1B for the 42-story Class-A office tower. It brought in Paul Singer’s hedge fund, Elliott Investment Management, as an equity partner and financed the deal to the tune of $785M from Apollo Global […]
RXR Closes $1.08 Billion Purchase of 590 Madison Avenue
RXR announced the successful closing of its $1.08 billion acquisition of 590 Madison Avenue, a trophy one-million-square-foot, 42-story Class A office tower strategically positioned in Midtown Manhattan’s Plaza District. The acquisition from STRS Ohio, one of the nation’s largest pension funds, marks the largest full asset, non-user driven office acquisition in New York City since 2018. […]
