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 [...]
By Cathy Cunningham, Commercial Observer Thirty five-year industry veteran Joanne Minieri was just starting out in the industry as a public accountant when Bruce Ratner hired her as the CFO of the then-burgeoning Brooklyn-based Forest City Ratner Companies in 1994. During her 17 years at the company, Minieri oversaw Forest City’s development and financial strategies and played a key role in many of its biggest deals, including the predevelopment [...]
The RXR platform manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 million square feet of commercial properties, inclusive of a multi-family residential portfolio of approximately 2,600 units under operation or development, and control of development rights for an additional approximately 3,600 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.