By Aleesia Forni, Westfair Online A large-scale residential development in downtown Yonkers reached a construction milestone this week. Developers and city officials celebrated the “topping off” yesterday of one of two buildings that will make up Larkin Plaza, the $200 million mixed-use development at 49 Main St. “Today is another step in making this waterfront a true destination,” Mayor Mike Spano said at the ceremony. “Larkin Plaza is the type of development that we know meets the growing demand of people who want to live in a wonderfully diverse community with this urban [...]
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 [...]
'Tis the season at RXR Plaza. RXR will be ushering in the 2017 holiday season with Long Island's favorite tree, lit from December 2nd, 2017 to January 13th, 2018. Our beautiful, soaring Norwegian spruce sets the backdrop for RXR Plaza's festive outdoor ice-skating rink. It's the perfect time to dust off your skates and get into the spirit! And if you'd rather not brave the cold, join us in the lobby for one of the many musical performances scheduled throughout the month. In addition to festivities at RXR Plaza, we will be continuing our holiday tradition of giving back to our communities t [...]
The RXR platform manages 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.7 million square feet of commercial operating properties and approximately 6,000 multi-family and for sale units in various stages of development in the New York Metropolitan area as of September 30, 2017, adjusted for transactions through October 18, 2017. Gross asset value is 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.