RXR’s Garvies Point transforming Glen Cove
RXR is transforming a decades-old industrial wasteland into 56-acre mixed-use community 30 miles from midtown Manhattan. Working in partnership with the City of Glen Cove, RXR is building more than 1,000 new housing units, 75,000 square feet of new commercial and retail space, and 28 acres of waterfront promenades and parks at Garvies Point. “We took […]
RXR Chairman and CEO, Scott Rechler on Recapitalizations As Interest Rates Remain High
Earlier this week, RXR Chairman and CEO, Scott Rechler, discussed recent recapitalizations, each with a common goal: shuffle the capital stack while enabling property owners to implement upgrades or stabilize assets amid higher-for-longer interest rates. Rechler highlighted RXR’s recent $70 million recapitalization of 530 Fifth Avenue and added: “I have been pretty vocal that, as it relates to office, going […]
RXR Chairman and CEO, Scott Rechler on 1211 Avenue of the Americas
In an interview with the Wall Street Journal, RXR Chairman and CEO, Scott Rechler, discussed RXR’s recent acquisition of 49% stake in 1211 Avenue of the Americas. Rechler shared the company’s plan to invest more than $300 million to attract new tenants by adding a new entrance, new plaza and gym and added: “If we can come in and […]
Finance Company BasePoint Expands to 20K SF at 75 Rockefeller Plaza
Finance company BasePoint is expanding its footprint at 75 Rockefeller Plaza to encompass 19,556 square feet including 5,440 square feet on the building’s 16th floor, and 14,116 square feet on the entire 19th floor. RXR was represented in-house by Daniel Birney, Walter Rooney and Heidi Steinegger. Additionally, RXR has inked another lease at 75 Rockefeller Plaza, technology platform PureStream Trading Technologies has signed a 3,295-square-foot […]
RXR and Sagehall Recapitalize 530 Fifth Avenue
RXR has partnered with Sagehall as part of a $180 million recapitalization of 530 Fifth Avenue, a 475,000-square-foot property that sits two blocks west of Grand Central Terminal. The new partnership will infuse $70 million of new capital into the building and will go toward repositioning the building, which stretches the length of the block between […]
Scott Rechler Honored at REBNY’s Annual Gala
RXR Chairman and CEO, Scott Rechler, was recognized as The Harry B. Helmsley Distinguished New Yorker for exceptional accomplishments in the profession and invaluable contributions to New York’s civic welfare at the Real Estate Board of New York’s 129th Annual Gala this week. In a feature interview, Rechler looked back over his career thus far and discussed his commitment to […]
LEADERS Interview with Scott Rechler
In the January 2025 issue of LEADERS Magazine, an interview with RXR Chairman and CEO Scott Rechler covers a range of topics including Scott’s views on the commercial real estate market, RXR’s industry leadership and national expansion, as well as RXR’s development of 175 Park Avenue, and general insights about retaining talent and pursuing a career in the […]
Crossing The Chasm Episode 21: The Power of Journaling
In this podcast, “Crossing the Chasm”, RXR Chairman and CEO, Scott Rechler, and Charlie Harary, RXR Chief People Officer, discuss how RXR plans to capitalize on new opportunities and reach new horizons. Episode 21: The Power of Journaling Scott and Charlie explore how journaling can improve decision-making, build healthy habits, and offer clarity in challenging moments. From reflecting on […]
Crossing The Chasm Episode 20: Bridging Today’s Challenges for Tomorrow’s Growth
In this podcast, “Crossing the Chasm”, RXR Chairman and CEO, Scott Rechler, and Charlie Harary, RXR Chief People Officer, discuss how RXR plans to capitalize on new opportunities and reach new horizons. Episode 20: Bridging Today’s Challenges for Tomorrow’s Growth In this episode of Crossing the Chasm, Scott and Charlie dive into the critical moment the economy is facing […]
Ulta Beauty Opening 12K-SF Store at 620 Avenue of the Americas
The retail space at 620 Avenue of the Americas will be home to Ulta Beauty’s third Manhattan location, alongside retailers Burlington, TJ Maxx and Marshalls. “Throughout 2024, the RXR and Hudson Bay Capital teams collaborated to reintroduce 620 Avenue of the Americas as the go-to retail shop along the bustling Chelsea corridor,” said William Elder, RXR EVP, Managing […]
RXR Buys Stake in 1211 Avenue of the Americas
This week RXR announced that it has acquired 49% interest in 1211 Avenue of the Americas, one of the most recognizable and distinguished office buildings in New York City. The stake was acquired from Ivanhoé Cambridge, the global real estate group of CDPQ. RXR and Ivanhoé Cambridge will continue the program to reposition the asset by investing over […]
Scott Rechler Joins CNBC’s ‘Squawk on the Street’ and Discusses Current State of the Market
Earlier this week, RXR Chairman and CEO, Scott Rechler, joined CNBC’s ‘Squawk on the Street’ and discussed why he’s optimistic about New York City’s commercial real estate market. Rechler shared that he believes commercial real estate is poised for success in 2025. Those that adapted to the higher-for-longer interest rate environment and used the past year to play offense, […]
