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

LI developer Scott Rechler of RXR elected to New York Fed board

Long Island real estate developer Scott Rechler has been elected to the Federal Reserve Bank of New York’s board, officials said Tuesday. Rechler, CEO and chairman of RXR Realty in Uniondale, will fill a vacancy until Dec. 31 and is expected to be nominated for a full three-year term in the coming weeks, a bank […]

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