#19. Scott Rechler, Chairman and CEO of RXR Realty
Formed shortly after the sale of Reckson Associates to SL Green in 2006, RXR and its chief executive, Mr. Rechler, sat on the sidelines throughout the darkest days of the economic collapse—in part because of a non-compete agreement with SL Green. Now back in action since 2009, the company has amassed some $4 billion in assets and about 11 million square feet of property. Most recently, the group bought into a partnership interest at 340 Madison Avenue and took 1330 Avenue of the Americas.
Published: July 27, 2011
Filed Under: Community Relations
RXR is one of the largest owners, managers, and developers in the New York Tri-State area with interests in
88 commercial real estate properties and investments containing 23.3 million square feet with an aggregate gross asset value of $12.0 billion. In addition, RXR has a residential development pipeline of approximately 3,000 units. RXR’s core growth strategy is focused on New York City and the surrounding Tri-State area markets.