RXR Recapitalizes 75 Rockefeller Plaza
Last week, RXR and Farallon Capital closed on the recapitalization of 75 Rockefeller Plaza. This transaction marked RXR’s seventh recapitalization in the past two years across 9 million square feet under the firm’s “3R” strategy of resetting basis, restructuring debt and re-tenanting space. RXR Chairman and CEO, Scott Rechler shared, “We’ve never wavered in our belief in […]
RXR Breaks Ground on Veridea’s First Residential Project, Summit House
This week, RXR broke ground on Summit House, the first multifamily residential project within Veridea, a $3 billion mixed-use community spanning 1,100 acres in Apex, North Carolina. The Summit House will feature two five-story apartment buildings totaling 291 units, offering one- and two-bedroom layouts ranging from 680 to 1,269 square feet. Plans also include a 399-car parking […]
RXR Kicks off Leasing at Eighty Nine DeKalb in Brooklyn With All-Electric Design
RXR has commenced leasing at Eighty Nine DeKalb in Downtown Brooklyn. The 30-story, all-electric residential tower exemplifies the integration of design, sustainability, and community, introducing a contemporary architectural statement to the Brooklyn skyline. As RXR’s fourth multifamily development in Brooklyn, the project delivers a balanced mix of market-rate and affordable residences, alongside 55,000 square feet of academic […]
Bisnow Interview with RXR’s Scott Crowe
Scott Crowe, RXR Executive Vice President, Chief Strategy Officer, and Head of Equity Capital Markets, recently spoke with Bisnow about pension funds selling commercial real estate properties as the institutions reevaluate their investment portfolios. Earlier this year, RXR made NYC’s largest non-user office acquisition since 2018, partnering with hedge fund Elliott Investment Management on 590 Madison Avenue. Bisnow […]
NYPost: Midtown real estate is booming with return-to-office in ‘full swing’
Midtown Manhattan’s resurgence is gaining momentum, and RXR’s 75 Rockefeller Plaza stands as a key example of this renewed vitality. The return-to-office trend has evolved from speculation to reality, driving demand for premier, well-located office space. With recent leases and renewals from Fenergo, Ayson Corp., Rand Merchant Bank, and Quinbrook, 75 Rock continues to attract leading companies […]
Architect Magazine Interview with RXR’s Whitney Arcaro
In an interview with ARCHITECT Magazine, Whitney Arcaro, Executive Vice President and Chief Revenue Officer, Residential at RXR, discussed how evolving demographics, hospitality-driven service models, and emotionally intelligent design are transforming multifamily living, and why the future of luxury living hinges on personalization, authenticity, and experience. Arcaro stated, “One of the biggest disruptors we’re seeing right now is […]
Scott Rechler’s Interview with CNBC’s “Squawk on the Street”
Earlier this week, RXR Chairman and CEO Scott Rechler, appeared on CNBC’s ‘Squawk on the Street’ to discuss what’s behind the surge in New York City commercial leasing activity, the possible effects of the mayoral election on the real estate market, and more. Rechler shared that AI companies are growing in New York because “Manhattan office buildings are the […]
Crossing The Chasm Episode 37: An Economic Inflection Point: Digital Growth, Interest Rates, and the Future of New York City
The economy looks strong on the surface with record stock market highs, AI reshaping industries, and New York City buzzing with energy. But underneath, there is a different story. Higher interest rates, rising defaults, and pressure on small businesses are creating a widening gap between the “haves” and the “have-nots.” In this episode, Charlie Harary […]
RXR Secures $1.45B Recapitalization for 1211 Avenue of Americas
RXR has completed a $1.45 billion recapitalization of 1211 Avenue of the Americas, a 45-story, 2 million-square-foot office tower that houses News Corp. and Fox News. This recapitalization follows RXR’s creation of the Gemini Office Venture, a $3.5 billion investment platform that also acquired stakes in 590 Madison Avenue and The Starrett-Lehigh Building. Commercial Observer Article
Crossing The Chasm Episode 36: The Dash to December
Join hosts Charlie Harary and Scott Rechler in this thoughtful episode of Crossing the Chasm as they reflect on the power of planning, baselines, and personal growth as we approach the end of the year. The conversation underscores the importance of setting a baseline, not for perfection, but to create a reference point for measuring progress. Scott […]
LEADERS Magazine Interview with Scott Crowe
RXR EVP, Chief Strategy Officer, and Head of Equity Capital Markets, Scott Crowe, was featured in the October issue of LEADERS Magazine, where he discussed RXR’s national expansion into “superstar regions” such as Dallas, Tampa, Charlotte, and Phoenix. He emphasized how RXR is leveraging its expertise in urban planning, public/private partnerships, and community engagement to help these […]
Restaurant Openings at Pier 57: Miru and ofCorsica
Pier 57 has welcomed two new dining destinations: OfCorsica!, a Mediterranean-inspired restaurant showcasing an exceptional selection of Corsican wines, and Miru, a spacious rooftop Japanese restaurant. Both are operated by Michael Dorf and the City Winery Group. Their opening marks a significant milestone in the ongoing redevelopment of this iconic waterfront destination, bringing the pier to full occupancy. […]
