From left: Gregory Rechler, Mitchell Rechler and Rechler Equity's new headquarters

In a reflection of its growth on Long Island and its relatively new business model, longtime Brooklyn and Long Island developer Rechler Equity has opened a brand new headquarters in Plainview, according to the New York Times. The firm, founded by William Rechler, spent $8 million remaking an industrial building it purchased in 1961 into a new headquarters. The redevelopment was led by William’s grandsons, cousins Gregory and Mitchell Rechler, who wanted to establish the firm’s brand following a split from Gregory’s brother Scott Rechler, who now oversees RXR Realty. [more]