RXR Secures $407 Million Refinancing for 450 Lexington Avenue
RXR has secured $407 million in mortgage financing to refinance 450 Lexington Avenue, a premier Class-A office tower in Midtown Manhattan. This refinance underscores the strong institutional confidence in the asset and its long-term performance. The new loan replaces a prior $272 million mortgage and provides additional capital to advance ongoing building enhancements. Fully leased to […]
RXR Seeds New $500M Residential Partnership with North Carolina Investment Authority
This week, RXR announced a new $500M strategic discretionary separate account with the North Carolina Investment Authority (“NCIA”) to provide structured equity solutions for over $2 billion of high-quality residential development and transitional real estate projects across the United States. Investments will be made via RXR’s Capital Solutions Platform, which is designed to provide flexible, bespoke capital solutions to […]
RXR Adds Two Tenants at 75 Rockefeller Plaza
Xfinity Creative, Comcast’s in-house marketing services agency, has signed a five-year lease for 14,116 square feet, taking the full 11th floor at RXR’s 75 Rockefeller Plaza and relocating from 105 Wooster Street in SoHo. The building also welcomed strategic advisory and investment firm BeaconHead Partners, which secured 3,190 square feet on the 20th floor under a three-year lease. Together, the […]
RXR Chairman and CEO Scott Rechler on Housing Affordability and Mayor Mamdani’s Performance to Date
This week, RXR Chairman and CEO, Scott Rechler, joined CNBC’s “Squawk Box” to discuss the state of the housing market, tackling housing affordability, and his thoughts on Mayor Zohran Mamdani a month into his term. Scott Rechler on housing affordability: “I think the real issue is supply. There’s a supply gap of between four and seven million homes […]
Financial Services Tenant Expands to 95K SF at RXR’s 230 Park Avenue
StoneX, a global financial services firm, is expanding its footprint at RXR’s 230 Park Avenue in Midtown Manhattan. The company currently occupies the 10th floor, 72,838 square feet, and will add the 32nd floor with an additional 21,904 square feet under a new 10-year lease. ConnectCRE Article
RXR Breaks Ground on New Residential Development at Garvies Point
This week, RXR and partner Chuo-Nittochi Group broke ground on the latest phase of the multi-stage, Garvies Point waterfront redevelopment in Glen Cove. This new offering, called The Arden, will deliver 101 new rental homes, including market-rate studios, one-, two- and three-bedroom apartments as well as 2,400 square feet of retail space to the growing Garvies Point community. The complex […]
Crossing The Chasm Episode 43: On the Other Side of the Chasm
In this episode of ‘Crossing the Chasm’, hosts Charlie Harary and Scott Rechler explore how the landscape of the post-COVID world necessitates constant adaptation and recalibration. They discuss the accelerated changes in technology, such as autonomous vehicles and AI, and their implications on various aspects of life and business. Emphasizing the importance of humility and […]
Crossing The Chasm Episode 42: Chaos Is a Competitive Advantage
In this episode of Crossing the Chasm, Charlie Harary and Scott discuss the importance of providing a clear roadmap for leadership in uncertain times. They emphasize how navigating chaos and remaining adaptable are key competitive advantages. The conversation explores the significance of constant communication, understanding changing conditions, and engaging with diverse perspectives to effectively lead […]
Level Ten at Starrett-Lehigh: New Amenities in NYC Offices
NYC office amenities are officially entering the “experience era.” From wellness-forward spaces to social and hospitality-style programming, buildings are raising the bar on what it means to earn the commute. At the Level Ten amenity floor in the Starrett-Lehigh Building, RXR leaned into intentional details, from a signature fragrance and curated lo-fi beats to a restaurant and roof deck overlooking […]
1211 Avenue of the Americas: Leasing in NYC’s future office towers
Prime Midtown inventory is tightening, and tenants are securing space earlier than ever, even in towers that haven’t broken ground yet. The flight to quality is accelerating, with companies prioritizing best-in-class buildings, amenities, and employee experience as a true differentiator. At 1211 Avenue of the Americas, RXR is investing in impactful upgrades to attract a major tenant […]
Crossing The Chasm Episode 41: Building Teams That Learn, Fall, and Rise
In this episode of Crossing the Chasm, Charlie Harary sits down with Scott Rechler to explore what leadership demands in a world shaped by artificial intelligence and accelerating technological change. They discuss why creativity, purpose, and nuance are now essential leadership skills, and why leaders can no longer afford to simply react to change. Scott […]
RXR’s Eighty Nine DeKalb Offers Smart and Sustainable Living
RXR’s 30-story residential tower in Downtown Brooklyn is a 100 percent all-electric building that infuses smart technology with hotel-like hospitality. “There is a very unique feature with our windows because they are such expansive glass. Some of the living spaces have up to 16-foot ceilings, with floor-to-ceiling windows,” said Whitney Arcaro, Chief Revenue Officer of RXR […]
