This week, RXR Chairman and CEO Scott Rechler was named one of the top 10 figures on Commercial Observer’s Power 100 list, recognition that comes amid a major year for the firm across New York City real estate. In 2025, RXR completed the city’s first billion-dollar office deal since 2018 with its $1.08 billion acquisition of 590 Madison Avenue, secured a $1.45 billion recapitalization for 1211 Avenue of the Americas, and launched Gemini Office Venture, a new $3.5 billion investment vehicle seeded with marquee Manhattan office assets.
RXR also received approval alongside Apollo Global Management and SL Green to convert 5 Times Square into a 1,250-unit mixed-use residential project, further expanding the firm’s office-to-residential conversion activity across the city. Most recently, RXR filed permits for a 95-story office and hotel tower at 175 Park Avenue near Grand Central, underscoring Rechler’s continued bet on the long-term future of New York City development.
