The four bedrooms in Karen Rosen’s Centre Island home are decorated with antique furniture and animal-skin rugs. A spiral staircase leads from the third-floor master bedroom suite to a cupola overlooking Oyster Bay. Rosen turned one second-floor bedroom into a home office, with a modern desk and a cabinet made from wood screens inherited from her mother. But the 69-year-old interior designer said she never uses it. She works at her kitchen table, with coffee nearby and fabric samples strewn across a billiards table in the adjacent living room. Those are the only three rooms in which [...]
Earlier this month, RXR Realty and Westbrook Partners closed on the $161M buy of 47 Hall St, a 550k SF multi-building complex adjacent to the Brooklyn Navy Yard. Starwood Capital Group lent the pair $90M, underscoring just how much institutional capital is now flowing into emerging markets like Brooklyn’s waterfront areas. We caught up with RXR’s Seth Pinsky, a speaker at our Emerging Markets event on March 29 at Irving Plaza. Bisnow: What’s leading RXR to make so many acquisitions, particularly of office buildings, outside of core Manhattan markets? Seth [...]
Midtown needs to continue to modernize its 20th century building stock to continue to be competitive, RXR Realty’s Chief Executive Officer and Chairman Scott Rechler preached at Commercial Observer Midtown Means Business panel on April 20. Mr. Rechler can speak with authority as his company recently completed a $130 million renovation of 75 Rockefeller Plaza, gutting the building and adding new windows and elevators, after acquiring a 99-year ground lease for the 33-story tower in 2013. “There has been a transformation in the New York real estate market and in Midtown in particular i [...]
RXR Realty’s operating platform manages 87 commercial real estate properties and investments comprising 23.1 million square feet with an aggregate gross asset value of approximately $12.7 billion as of December 31, 2015. In addition, RXR has a residential development pipeline of approximately 3,000 residential and for sale units in the New York metropolitan area.