Port Authority of New York and New Jersey executive David Garten left the bi-state agency to join his former boss Scott Rechler at RXR Realty.
Garten served as Rechler’s chief of staff for three years while the developer doubled as vice chair of the agency. Rechler left the Port Authority last year and Garten briefly served as chief of staff to his successor Steve Cohen until Cohen resigned in November.
At RXR, Garten will work with former Economic Development Corporation head Seth Pinsky on the company’s suburban development projects in towns like Hempstead on Long Island. He will also handle infrastructure investment.
RXR made headlines with major Manhattan deals over the past year, but has quietly been investing in suburban real estate as well.
“You’ve got a crisis in the city, where people can’t afford to live and all the right ingredients are here,” Pinsky told The Real Deal last year. “To me, it seems obvious. Once you start looking at it, you think, ‘Why haven’t we been doing this all along?’”
Since leaving the Port Authority, Rechler has criticized the agency.
(To view investment sales transactions involving RXR Realty, click here)