By Christopher Szaz & Edwin J. Viera, Millennium Magazine Nestled along Long Island’s Gold Coast, the small city of Glen Cove is undergoing a massive development. For the last twenty years, the city has partnered with RXR Realty to redevelop 56 acres of the town known as Garvies Point. For years, this area was blighted, and was for a time a superfund cleanup site. Now the project has leapt off the page and is in full swing. The new Garvies Point will contain several new apartment buildings with retail spaces on the ground floors, marinas, as well as a new ferry which will run from [...]
NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG), New York City's largest office property owner, and private investment manager, RXR Realty, today announced that they have signed an agreement to acquire a combined 48.7% interest in Worldwide Plaza, a Class A, trophy asset located in Midtown Manhattan. The interest is being sold by New York REIT (NYSE: NYRT), which will continue to own the remaining equity with WWP Sponsor, LLC, its existing partner. The transaction, which is expected to be completed in the fourth quarter of 2017 subject to customary closing conditions, values the [...]
At RXR Realty, we take pride in our role as a leader in the New York City real estate industry. We recognize New York’s distinct personality and rich history and we embrace the future of this dynamic region. For over 10 years, our driven team has called New York City home, and our commitment to the region has only strengthened in recent years. One of the ways we have demonstrated this commitment is through strong community engagement. RXR is a proud sponsor of the 9/11 Memorial Walk to Remember and the Long Island Marathon, and we collaborate with organizations such as Her Justice and Ope [...]
The RXR operating platform manages 73 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.9 billion, comprising approximately 23.4 million square feet of commercial operating properties and control of development rights for approximately 6,300 multi-family and for sale units in the New York Metropolitan area. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.