Scott Rechler | The Real Deal New York

The Real Deal New York

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Scott Rechler

Chairman and CEO
RXR Realty
1330 Avenue of the Americas
New York, NY 10019
212.797.1330
Website

Scott Rechler led the formation of RXR Realty at an auspicious time: 2007. The firm was born of the $6 billion sale of real estate investment trust Reckson Associates to SL Green. Rechler, an executive at Reckson, and two pension funds then took about 30 percent of Recksons portfolio private, seeding the ground for the new firm.

That firm then went on a buying spree. Some of RXRs most notable purchases coming out of the bust years of 2007 and 2008 included a $920 million deal for the Starrett-Lehigh Building on West 26th Street; 237 Park Avenue for about $800 million; and 340 Madison Avenue for roughly $570 million. In 2010 and 2011 alone, RXR invested more than $3 billion in Manhattan real estate.

RXRs portfolio now includes some 106 properties in the tri-state area covering more than 18 million square feet and with a gross value of about $5.5 billion. Rechler has been the architect of much of that growth. Before RXR, he was chairman and CEO of Reckson, leading much of its growth as well before the 2007 sale and spin off.

Aside from the private sector, Rechler has also been a member of the board of the Port Authority of New York and New Jersey, appointed in June 2011 by Gov. Andrew Cuomo. He has been vice-chairman since September of that year.

Rechler went to Clark University and earned a masters in real estate from New York University. He was born in 1967 and grew up on Long Island.  -TA


09/14/17
...From left: 280 Park Avenue, Scott Rechler, Rob Speyer, Marc Holliday and rendering of 1 Vandebilt Just five landlords lay claim to...

09/12/17
...From left: One Worldwide, Scott Rechler and Marc Holliday RXR Realty and SL Green Realty have agreed to buy a...

09/11/17
...should be in their head,” said RXR chief Scott Rechler. “If they’re well-capitalized and can borrow cheap, there’s no real incentive to...

09/07/17
...located at 550 Washington Street, were Vornado Realty Trust, Scott Rechler...

08/16/17
...could welcome new ideas like this," RXR Realty's Scott Rechler, chairman of the RPA and the former vice-chairman of the Port Authority, told Crain's...

07/28/17
...a commitment for a $163.2 million mezzanine loan from Scott Rechler...

07/18/17
...Cuomo, Eric Schneiderman, Kenneth Fisher, Alex Rovt and Scott Rechler (Credit: Getty Images) In his quest to keep two feet firmly planted in Albany...

07/14/17
...Capital Group among her clients. RXR Realty’s Scott Rechler said likewise: “I never ran into him and don’t think he has been...

07/13/17
...sells off its Westchester and Fairfield office portfolio Scott Rechler...

07/13/17
...Scott Rechler’s RXR Realty appears to be exiting the office markets in Westchester and Fairfield...

07/12/17
...From left: One Worldwide, Scott Rechler and Marc Holliday A partnership between SL Green Realty and RXR Realty is the...

07/07/17
...From left: NewYork-Presbyterian's CEO Steven Corwin, RXR's Scott Rechler and 237 Park Avenue NewYork-Presbyterian Hospital paid nearly $251 million – or about $500 per square foot – for...

06/20/17
...Scott Rechler and the NYC subway (Credit: Metropolitan Transport Authority) RXR Realty’s Scott Rechler was...

06/17/17
...RXR Realty's 47 Hall Street (credit: RXR) and Scott Rechler For those interested in commercial real estate finance, the main event next week is...

06/15/17
...Port Authority incompetence." In February, former board member Scott Rechler suggested breaking up the authority. “Maybe in reality it’s impossible to keep it...

06/11/17
...From left: Jeffrey Quicksilver, 237 Park and Scott Rechler Walton Street Capital abandoned plans to sell its 49 percent stake in 237 Park Avenue , according...

06/09/17
...of other recent departures, Crain's reported. RXR Realty's Scott Rechler left the agency last year, and attorney Steve Cohen resigned in November after only...

05/31/17
...secretary of state, Rossana Rosado. RXR Realty’s Scott Rechler, a previous Cuomo appointee who left the Port Authority last year, has lamented the...

05/03/17
...left: 130 William Street, David Lichtenstein, 5 Times Square and Scott Rechler The largest New York City real estate loans that closed in March included a...

05/01/17
...and has naming rights at 5 Times Square, which Scott Rechler’s RXR bought a controlling stake in last year for $800 million. Brookfield, meanwhile, has...

04/26/17
...David Garten and Scott Rechler Port Authority of New York and New Jersey executive David Garten left the bi-state...

03/20/17
...Scott Rechler and 5 Times Square Scott Rechler...

02/14/17
...the future of the bus terminal.  Last week, Scott Rechler, CEO of RXR Realty and former Port Authority vice chair, wondered aloud if breaking...

02/09/17
...Scott Rechler (Credit: STUDIO SCRIVO) The idea of breaking up the Port Authority of New York...

01/30/17
...From left: Gary Barnett, Scott Rechler (credit: Getty Images) and a rendering of One Manhattan Square Extell Development's One Manhattan...
RXR Realty, Senior executive vice president
1330 Avenue of the Americas, New York, NY, 212.797.1330
Frank Patafio is the go-to guy on acquisitions for RXR Realty, one of...
RXR Realty, Co-COO and president
51 JFK Parkway, Short Hills, NJ, 973.313.3300
Todd Rechler runs the New Jersey holdings of RXR Realty, one of the...
RXR Realty, Executive vice president
1330 Avenue of the Americas, NY, 212.797.1330
Frank Adipietro is the top asset manager at RXR Realty, one of the...
RXR Realty, Executive vice president
625 RXR Plaza, Uniondale, NY, 516.506.6000
Kenneth W. Bauer runs leasing on Long Island for RXR Realty, one of...
RXR Realty, Managing director and executive vice president
1330 Avenue of the Americas, New York, NY, (212) 797-1330
William Elder has been in since the ground floor on RXR Realtys growth...
RXR Realty, Executive vice president and investment manager
1330 Avenue of the Americas, New York, NY, 212.797.1330
Seth Pinsky specializes in finding new investment opportunities for RXR Realty, one of...
RXR Realty, Real Estate Salesperson
625 RXR Plaza, Uniondale, NY, (516) 506-6000
...

12/29/16
...from left: Olayan Group's Hutham Olayan, RXR Realty's Scott Rechler, CalPERS' Marcie Frost, 550 Madison Avenue, 787 Seventh Avenue and 388-390 Greenwich Street Manhattan skyscrapers remain...
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