Bisnow Article: RXR Seals Billion Dollar Deals
RXR just had a big week. Well, actually, it had a ginormous Thursday. The developer finally closed on 590 Madison Avenue, dropping $1.1B for the 42-story Class-A office tower. It brought in Paul Singer’s hedge fund, Elliott Investment Management, as an equity partner and financed the deal to the tune of $785M from Apollo Global […]
RXR Closes $1.08 Billion Purchase of 590 Madison Avenue
RXR announced the successful closing of its $1.08 billion acquisition of 590 Madison Avenue, a trophy one-million-square-foot, 42-story Class A office tower strategically positioned in Midtown Manhattan’s Plaza District. The acquisition from STRS Ohio, one of the nation’s largest pension funds, marks the largest full asset, non-user driven office acquisition in New York City since 2018. […]
RXR and Liberty Mutual Investments Announce Expanded Credit Partnership
RXR and Liberty Mutual Investments announced this week that they are expanding their long-term strategic partnership. The partners are targeting $1 billion of credit deployments across the capital stack, including senior loans, subordinate financing, construction financing, and flexible preferred equity, positioning RXR’s platform for continued growth in partnership with prominent global institutional investors. Liberty Mutual Investments is also […]
RXR Transforms the Maven Lobby with Art
Featured in Commercial Observer, RXR’s Maven in Mott Haven redefines what it means to come home. With a vision championed and executed by Todd Rechler, RXR’s Chief Construction and Development Officer, the resident lobby was intentionally designed as an immersive gallery, showcasing ten large-scale, vibrant works by local and international artists. Each piece was custom-created to reflect the energy, culture, […]
Crossing The Chasm Episode 34: Healing After Tragedy: Community Support and the Importance of Connection
Join hosts Charlie Harary and Scott Rechler in this heartfelt episode of Crossing the Chasm as they reflect on the recent tragic shooting incident in New York City and its profound impact on the community. The conversation delves into the emotional toll of such events, the critical role of security personnel, and the importance of human connection […]
RXR Launches Leasing Efforts at 89 Dekalb
RXR has launched leasing at Eighty Nine DeKalb, a 30-story, 324-unit all-electric residential tower at the nexus of Fort Greene and Downtown Brooklyn. Eighty Nine DeKalb will provide a mix of affordable and market-rate housing, 16,400 square feet of amenities and 55,000 square feet of academic and office space for Long Island University (LIU), including three floors […]
How an NYC Suburb Is Managing to Bring Rents Down
As cities across the U.S. face housing shortages and NIMBY opposition, New Rochelle is proving that a bold vision, smart policy, and strong public-private partnership can deliver real results. RXR Chairman and CEO, Scott Rechler, spoke with The Wall Street Journal about RXR’s role as the master developer of New Rochelle and how working alongside […]
RXR Discusses the Rise of Private Credit
In an interview with Bisnow earlier this week, RXR Chief Strategy Officer and Head of Equity Capital Markets, Scott Crowe, shared his thoughts on the rise of private credit. Crowe said that RXR is working with lenders to restructure mortgages into A and B notes, take over management of the property, invest capital and bring the asset back to a […]
RXR Reaches 100% Occupancy at 1285 Sixth Avenue
RXR achieved an impressive benchmark at its Midtown office tower, 1285 Sixth Avenue. Global law firm Latham & Watkins has agreed to a lease 120,000 square feet at the property. This lease brings the 1.8 million-square-foot tower to 100 percent occupancy. CBRE represented the law firm, while RXR’s William Elder and Daniel Birney handled the transaction in-house. This lease completion […]
Crossing The Chasm Episode 33: The Role of Pride and Preparation in Thriving Amidst Adversity
Join hosts Charlie Harary and Scott Rechler in this episode of Crossing the Chasm as they explore the remarkable resilience of New York City and the broader implications for leadership and personal growth. Scott reflects on the idea that the city’s strength transcends individual leadership, highlighting how its unique ecosystem fosters growth and adaptability regardless […]
The Yacht Club is “NYC’s Restaurant of the Summer”
The Yacht Club opened to the public Monday night, adding an elevated, open air dining option to RXR’s Starrett-Lehigh Building. With sweeping views of the Hudson River and the Manhattan skyline, the NY Post crowned The Yacht Club as “NYC’s Restaurant of the Summer”. The 20,000 square-foot dining and events destination features abundant multi-level outdoor space, a 5,000 square-foot […]
Presenting RXR’s 2024 Sustainability Report
This week, RXR released its 2024 Sustainability Report, showcasing our ongoing commitment to our operational ethos of “Doing Good and Doing Well means Doing Better.” Our efforts extend beyond individual buildings. We actively collaborate with tenants and the wider community to create healthier, stronger, and more resilient environments. View Report
