RXR Awarded at Commercial Observer’s Breakthrough Awards
RXR received two honors at Commercial Observer’s Breakthrough Awards, which recognizes teams, deals, developments, and executives across asset classes and verticals who have succeeded despite economic and urban challenges. RXR was awarded in the Innovation in Office category for the RXO Program, a tenant experience program that offers a variety of services and amenities to tenants of RXR properties, and Public-Private […]
Scott Rechler Joins CNBC’s ‘Squawk Box’ and Discusses Current State of the Market
RXR Chairman and CEO, Scott Rechler, joined Andrew Ross Sorkin and CNBC’s Squawk Box team to discuss the current state of commercial real estate in New York City. One topic Scott raised was the critical role of thoughtful public policy in unlocking the innovation and ingenuity of the private sector. Scott touted New York City’s East Midtown Rezoning […]
RXR Executes Leases at 37-18 Northern Boulevard in Queens
This week, RXR announced two leases at the Standard Motor Products Building, 37-18 Northern Boulevard, in Long Island City. I Grace, a luxury homebuilder and services provider, renewed its 13,449-square-foot office at the property for five years, and will continue to occupy the SMP Building’s fifth floor. Additionally, luxury luggage company Rimowa will also stay at the property and […]
RXR, Korman Launch Leasing at White Plains Mixed-Use
RXR and Korman Communities have launched leasing at AVE Hamilton Green, a residential and mixed-use community located at the site of the former White Plains Mall. The project will be managed by Korman under its award-winning management brand AVE and will include two residential buildings. The master plan’s first residential building, 25 Cottage, will feature 170 luxury […]
RXR Honored at March of Dimes Benefit
Earlier this week, Todd Rechler, RXR’s Chief Construction and Development Officer, accepted the 2024 Real Estate Award at the March of Dimes Westchester/Fairfield Real Estate Awards in White Plains. The March of Dimes, which supports critical research, education, and programs supporting the health of moms and babies, bestows its annual Real Estate Award to prominent individuals and companies whose […]
RXR’s Credit Solutions Platform and New Hires of Industry Veteran Steven Schwartz, and Real Estate Capital Markets Leaders Annie Hsieh and Greg Oran
This week, PERE Credit and the Commercial Observer featured RXR’s credit solutions platform and its hiring of industry veterans Steven Schwartz, RXR EVP and Head of Real Estate Credit, Annie Hsieh, EVP of Equity Capital Markets, and Greg Oran, SVP of Equity Capital Markets. RXR’s credit solutions platform has originated billions of dollars of real estate […]
Crossing the Chasm Episode 17: Rekindling a Fractured Community
In this episode of Crossing the Chasm, Charlie and Scott discuss the disconnect within New York City. While the city has come back strong post-COVID, there’s a noticeable decline in civic responsibility and individual accountability. They discuss the need for a renewed commitment to shared rules and responsibilities, emphasizing the importance of both leadership and […]
Crossing the Chasm Episode 16: Unstable Ground of the Revolving Economy
In this episode of Crossing the Chasm, Scott and Charlie explore the recent Federal Reserve rate cut and its economic implications amid uncertain and inconsistent data. Initially, the market may have overreacted, but now, with strong job reports and various new technological drivers like AI, leaders might have to second-guess their aggressive stance. The challenge […]
Scott Rechler Interviewed on Fox Business
RXR Chairman and CEO, Scott Rechler, joined Liz Claman on Fox Business to discuss the state of commercial real estate, return to office, and Class-A office leasing in New York City. Rechler highlighted that New York City is different from other markets with not only the strongest return to office, but an office leasing market that is the […]
RXR, Hudson Bay Capital Secure $320M to Acquire and Recap 620 Avenue of the Americas
RXR and Hudson Bay Capital have secured a $320 million loan to jointly acquire and recapitalize 620 Avenue of the Americas, a 700,000-square-foot mixed-use office and retail property in Manhattan. “This recapitalization, combined with overwhelming tenant demand both in the office and retail market, demonstrates that by applying capital and capabilities to the right asset with […]
RXR Recognized in Commercial Observer’s Power Proptech List
Commercial Observer recognized RXR’s Scott Rechler, Matt Boras, and Andrew Min in its 2024 Power Proptech list. In discussing the firm’s technology initiatives in this space, RXR Chairman and CEO Scott Rechler shared: “We made a strong push to digitize much of our business a few years ago, even before the pandemic, starting with the creation of our […]
Demand for High-End Office Space is Hot
RXR Chairman and CEO, Scott Rechler, recently spoke with Business Insider about the demand for Class-A office space in Manhattan and discussed the firm’s intended plans for new-build, 175 Park Avenue. Demand is high for the the 1,575-foot-tall tower, near Grand Central Terminal in midtown Manhattan, and will call for rents above $200 per square foot, among the highest […]
