By Candice Ferrette, Newsday Long Island University is selling $76 million in rights to build on its Brooklyn campus to Uniondale-based developer RXR Realty — the school’s biggest expansion in the borough since it was founded there in 1926. The deal advances a larger $300 million project that would be a notable addition to the skyline, featuring a new university building with a rooftop athletic field and a high-rise residential tower, officials for both entities said. Also, an unprecedented cash infusion of $41 million would go into the private university system, officials said. T [...]
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 [...]
Register now for the 9/11 Memorial 5K Run/Walk on Sunday, April 22, 2018, presented by RXR. The Run/Walk starts at 8am in lower Manhattan, taking participants through scenic Battery Park City with iconic views of One World Trade and the Statue of Liberty. The finish line will be adjacent to the Memorial Plaza where Community Day takes place. The family-friendly activities and all-ages fun and entertainment will be free and open to the public. *All those participating who wish to join RXR for a team photo, Team RXR's photo time is scheduled for 7:30am the day of the race. Interested in [...]
The RXR platform manages 72 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.1 million square feet of commercial operating properties and approximately 6,300 multi-family and for sale units in various stages of development 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.