The Real Deal New York

Posts Tagged ‘rxr realty’

  • From left: Mitchell and Gregg Rechler

    From left: Mitchell and Gregg Rechler

    Gregg Rechler and Mitchell Rechler, of the prominent Long Island real estate family, are now focusing on upscale multi-family rental housing for Long Island residents.

    The cousins, usually involved with commercial deals, have formed a new brand: Greybarn. Greybarn’s first project, according to the Wall Street Journal, will be a 500-unit luxury development with 45,000 square feet of retail space in Amityville, N.Y. [more]

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  • From left: Scott Rechler and 75 Rockefeller Plaza

    From left: Scott Rechler and 75 Rockefeller Plaza

    Scott Rechler of RXR Realty has roughly a century to prove naysayers wrong. [more]

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  • Clark-245-1251-ESB-Malkin

    From left: Ric Clark, 245 Park Avenue (Credit: CoStar), 1251 Sixth Avenue, Empire State Building and Anthony Malkin

    The sales pricing per square foot for Manhattan office buildings has been surging over the past several years. A look at revenue growth for class A office towers, however, reveals a far different picture. [more]

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  • From left: Young Woo, Pier 57 and Scott Rechler

    From left: Young Woo, Pier 57 and Scott Rechler

    Developer Young Woo is reportedly enlisting some help to bring a $200 million waterfront project dubbed the SuperPier to fruition. [more]

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  • bjarke

    Bjarke Ingels and 61 Broadway

    Danish architect Bjarke Ingels is relocating his firm BIG, also known as Bjarke Ingels Group, to RXR Realty’s 61 Broadway from its current offices at the Starrett-Lehigh Building.

    The Denmark-based firm plans to leave Starrett-Lehigh, also owned by RXR, in January. It will occupy 22,000 square feet at the 786,000-square-foot office building in the Financial District. [more]

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  • muppets

    From left: The Muppets, 37-18 Northern Boulevard in Queens and Scott Rechler

    Scott Rechler’s RXR Realty paid $110 million for a 315,000-square-foot warehouse-like building in Long Island City that is home to Muppet empire the Jim Henson Company. [more]

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  • From left: Joe Sitt, 530 Fifth Avenue and Scott Rechler

    From left: Joe Sitt, 530 Fifth Avenue and Scott Rechler

    UPDATED, 5:45 a.m., June 20: Thor Equities just added some prime Fifth Avenue retail and office space to its portfolio. [more]

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  • scott-rechler-and-237-park

    Scott Rechler

    Scott Rechler’s RXR Realty secured more than half of the $300 million used to purchase the 61 Broadway in the Financial District last month with a loan from HSBC.

    The realty firm received $185 million at closing and another $15 million for future capital expenditures and leasing commissions, according to JLL’s capital markets team. The office building measures 786,975 square feet. [more]

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  • From left: Scott Rechler and 237 Park Avenue

    From left: Scott Rechler and 237 Park Avenue

    RXR Realty scored its first big renewal at 237 Park Avenue after acquiring the 21-story office property with Walton Street Capital early last year. Prudential Financial-owned investment firm Jennison Associates renewed its lease for 146,000 square feet and added 20,000 square feet.

    The space’s asking rent is in the $80-per-square-foot range. Jennison is set to occupy part of the 19th floor, in addition to the 17th and 18th floors, as part of the 10-year renewal. [more]

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  • 470 Vanderbilt Avenue

    470 Vanderbilt Avenue

    From the April issue: The second-priciest office building transaction in Brooklyn’s history closed last month. [more]

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  • From left: Far Rockaway boardwalk and Greg Clancy

    From left: Far Rockaway boardwalk and Greg Clancy

    A city official at the head of the Rockaways boardwalk rebuilding project is stepping down and moving into the private sector.

    Greg Clancy, a senior vice president of capital programs with the Economic Development Corporation, began working on the boardwalk project last year and will depart April 16 to join RXR Realty as vice president of development, he told DNAinfo. His departure follows that of former EDC president Seth Pinsky, who RXR hired last year. [more]

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  • 61-broadway

    Scott Rechler and 61 Broadway

    Scott Rechler’s RXR Realty is in contract to acquire a 786,000-square-foot office building at 61 Broadway in the Financial District for $330 million.

    The majority of the leases in the office tower are expiring soon, making way for the prospective new landlord to renovate the site. RXR is looking to attract creative and tech firms and is touting the rents in FiDi. [more]

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  • 470 Vanderbilt Avenue

    470 Vanderbilt Avenue

    WEEKENDEDITION  UPDATED, 7:00 p.m., March 2: RXR Realty, in a joint venture with American Landmark Properties, has purchased the long-term lease of a large office building at 470 Vanderbilt Avenue, near Barclays Center in Brooklyn, for just under $200 million. [more]

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  • rxr-realty

    Scott Rechler and George Washington Bridge in Fort Lee

    Scott Rechler, CEO of RXR Realty and vice chair of the Port Authority of New York and New Jersey, said he expects the bi-state agency will make reforms in the wake of the “Bridgegate” scandal involving New Jersey Governor Chris Christie and his allegedly politically motivated snarling of traffic on the George Washington Bridge. See the video after the jump. 

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  • From left: RXR's Scott Rechler, 620 Sixth Avenue and Spotify CEO Daniel Ek

    From left: RXR’s Scott Rechler, 620 Sixth Avenue and Spotify CEO Daniel Ek

    Digital music streaming company Spotify has expanded to 123,000 square feet at RXR Realty’s 620 Sixth Avenue. Spotify will add roughly 50,000 square feet to its current 73,000-square-foot space at the Midtown South building. [more]

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  • From left: Scott Rechler and David Hamamoto

    From left: Scott Rechler and David Hamamoto

    Scott Rechler’s RXR Realty has scored a $340 million investment from NorthStar Realty Finance Corporation, giving the firm a cash infusion that will help carry out the planned spin-off of its asset management business into a publicly traded real estate investment trust. [more]

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  • From left: Scott Rechler and 237 Park Avenue

    From left: Scott Rechler and 237 Park Avenue

    RXR Realty and Walton Street Capital have secured up to $165 million in mezzanine financing for 237 Park Avenue.

    The loan was provided by SL Green Realty and the Blackstone Group with an interest rate of 7 percent, according to Jones Lang LaSalle, which helped arrange the deal. [more]

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  • From left: RXR's Scott Rechler,

    From left: RXR’s Scott Rechler, Worldwide Plaza and American Realty Capital’s Nicholas Schorsch

    RXR Realty has lost out on a bid to pick up Worldwide Plaza, with American Realty Capital snagging a 48.9 percent stake and right to buy for a total of roughly $1.45 billion. [more]

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  • RXR’s Scott Rechler and One Worldwide Plaza

    RXR’s Scott Rechler and One Worldwide Plaza

    The owners of One Worldwide Plaza got the green light from a New York State judge to sell the building to American Realty Capital for $1.35 billion, despite RXR Realty’s move to block the sale of the 1.8 million-square-foot, 59-story Midtown office tower.

    RXR had planned to pay $605 million for a 40 percent stake in the building, partly owned by investment firm George Comfort & Sons. RXR was working with American Realty as a joint investor, until American Realty talked directly to George Comfort about going solo on the purchase, as previously reported. [more]

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  • Seth Pinsky

    Seth Pinsky

    With property prices nearing record highs in Manhattan, RXR Realty’s Seth Pinsky is pushing into the suburbs.

    The former head of the city’s Economic Development Corporation joined RXR three months ago and is now the front man on the company’s so-called metropolitan emerging market strategy. In this role, Pinsky will lead the firm’s push into Hempstead, Long Island, where it is eyeing investments in mixed-use projects. [more]

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