RXR Launches Gemini Office Venture – A Multibillion Investment Platform Targeting Premier NYC Office Assets
Over $3.5 Billion in Transactions To-Date NEW YORK (September 24, 2025) – RXR, a real estate investment manager that creates value by applying vertically integrated operational and development capabilities, announced the launch of its Gemini Office Venture. This new multibillion-dollar office platform invests in premier Class A New York City office that can be acquired […]
RXR Launches Gemini: A Multi-Billion Dollar Office Venture
The COVID-19 pandemic made clear that there would be winners and losers in the office market, with premier, well-located, highly amenitized Class A properties positioned to thrive in the post-COVID world, while outdated, commodity assets will face ongoing structural headwinds moving forward. This distinction drives RXR’s Office Recovery Strategy. With many institutional investors pulling back […]
Capital Markets Shift in 2025: Commercial Observer Private Equity Forum
At Commercial Observer’s National Institutional Investor & Private Equity Forum, RXR Executive Vice President, Chief Strategy Officer & Head of Equity Capital Markets, Scott Crowe, described a structural shift that has occurred across the lending industry, with banks becoming more risk averse, especially after the regional banking crisis of 2023. Crowe shared that amid several […]
Crossing The Chasm Episode 35: Balancing Urgency and Patience: Leadership in Real Estate Development
Join hosts Charlie Harary and Scott Rechler in this insightful episode of Crossing the Chasm as they explore the dynamic landscape of real estate development, focusing on the contrasting approaches required for short-term and long-term projects. Scott shares his experiences with two significant RXR projects: the recent closing of 590 Madison, a major post-COVID office acquisition, […]
RXR Secures Approval For Office-to-Residential Conversion in Brooklyn
RXR has secured approval for the rezoning and approval of a nine-building, mixed-use residential complex at 47 Hall Street in Clinton Hill, Brooklyn. The site will feature 933,000 square feet of revitalized space, including a new 21-story residential tower and the adaptive reuse of eight historic structures, 620 rental units, with 150–180 designated as permanently […]
RXR Completes 2025 Summer Intern Class
Over the past 10 weeks, RXR’s 2025 Summer Intern Class of 27 students immersed themselves across 15 departments, bringing exceptional talent, dedication, and fresh perspectives to every project. From departmental workshops and portfolio tours to a collaborative capstone project, they embraced every opportunity to learn, contribute, and grow. Along the way, they built meaningful connections […]
RXR Announces The Arden at Garvies Point with Chuo-Nittochi Group
RXR is pleased to announce a partnership with Chuo-Nittochi Group for the development of The Arden, a multi-family rental building located within RXR’s Garvies Point waterfront community in Glen Cove, New York. The Arden will deliver rental apartments with a suite of premium amenities tailored to today’s evolving residential needs. As Chuo-Nittochi’s first direct joint […]
RXR’s Veridea Master Development is a Major Opportunity
RXR’s Veridea development in Apex, North Carolina, has seen significant retail interest surge after the recent announcement of NC Children’s Hospital. RXR expects to create a retail feel similar to a “downtown hometown”. Walkability is a priority, as is having front-facing buildings with the possibility of adding a social district. Veridea is another example of […]
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, […]
