Fortune Favors Early Movers in America’s Property Crunch
In a conversation with the Wall Street Journal, RXR Chairman and CEO, Scott Rechler, compares the current commercial real estate environment to the period following the Great Financial Crash of 2008. As the Wall Street Journal notes, “Privately owned RXR spent $4.5 billion on U.S. offices from August 2009 through 2012 and ultimately more than doubled its […]
The Starrett-Lehigh Building Hosts NYFW: The Shows
The Starrett-Lehigh Building took to center stage as the heartbeat of New York Fashion Week 2024. Fashion’s Favorite Building transformed into a dynamic ecosystem, proving that commercial real estate can be as stylish as the catwalk. LinkedIn Post →
Scott Rechler on Commercial Real Estate Opportunities
“The real buying opportunity may be down the road,” says RXR Chairman and CEO, Scott Rechler, in a recent Business Insider piece, entitled, ‘How real estate’s pain could be Wall Street’s gain as Blackstone, Goldman, and others dive back in’. Business Insider Article →
Scott Rechler featured in Axios Markets
RXR Chairman and CEO, Scott Rechler, spoke to Axios about the impact that declining office valuations will have on commercial real estate and capital markets. “We are starting to see some movement — not a lot yet — in deals where lenders are willing to start trading at prices that better reflect the substantial discounts that you need, to […]
Brian Sullivan from CNBC’s Last Call Interviews Scott Rechler
Scott Rechler, RXR Chairman and CEO, joined CNBC’s ‘Last Call’ to share his thoughts on the impact that prolonged high interest rates will have on commercial real estate, and where opportunities exist for lenders, buyers and investors. Last Call Clip →
Squawk Box with Scott Rechler
Scott Rechler, RXR Chairman and CEO, joined CNBC’s ‘Squawk Box’ to share his thoughts on the impact that crossing the chasm from a low-interest rate regime to a substantially higher interest rate regime will have on lenders, borrowers, and investors of commercial real estate. Squawk Box Clip →
Top Real Estate Mogul Warns ‘500 or more’ Banks Will Either Fail or Be Consolidated Over the Next Two Years
RXR Chairman and CEO, Scott Rechler, was quoted by Fortune about the impact of maturing CRE loans on local banks. “Scott Rechler has faith that many commercial real estate owners, operators, and lenders will figure out a way to overcome the challenges facing them, but he’s more skeptical about regional banks.” Fortune Article →
Scott Rechler in Fortune on the State of CRE
RXR Chairman and CEO, Scott Rechler, was featured in Fortune where he shared his take on the commercial real estate market. “The CRE industry is coming to grips with the fact that this is the start of an entirely new era—and it’s one that won’t be as friendly as others. Higher interest rates, fewer available loans, increased vacancies […]
Inside the New Airport Terminal with Ten Gates and World-Class Restaurants
JFK Millennium Partners, a private consortium composed of Vantage Airport Group, American Triple I, RXR, and JetBlue, is building a new 1.2 million square foot Terminal 6 at JFK. The terminal complex will transform the guest experience at Terminal 6 and will be filled with new shops and restaurants that will provide more that 4,000 job […]
RXR and Korman Unveil New Community in Phoenix
The 17-floor building, called AVE Phoenix Sky, will add 254 new apartments to the Phoenix market and includes 4,350 square feet of retail space, with 3,770 reserved for a future restaurant and 580 square feet for a studio for local artists. Phoenix Business Journal Article →
US Real Estate is a Micro-Drama Set to Turn Macro
The wave of mortgages coming due this year could turn a micro problem into a macro one with commercial real estate borrowers due to repay nearly $1 trillion. In broad terms, small U.S. banks are the worry. Scott Rechler, Chairman and CEO of RXR and a director of the Federal Reserve Bank of New York, estimates up to […]
RXR Deploying Capital for Distressed Commercial Properties
A venture of Ares Management and RXR is buying discounted interests in 3 million square feet of office space and has made offers on more than $500 million of senior debt. Wall Street Journal Article → Bloomberg Article → Crain’s Article → The Real Deal Article →
