Scott Rechler, CEO and chairman of RXR Realty, has been appointed vice chairman of the Port Authority of New York & New Jersey’s board of commissioners, the Port Authority announced today. Rechler also will serve as vice chairman of the board’s construction committee and as a member of its capital programs and agency planning committees.
Rechler was appointed to the board in June by Gov. Andrew Cuomo, and will succeed Stanley Grayson.
“Commissioner Rechler’s extensive experience in private-sector management and financial issues will be a tremendous asset to the board as we continue to review our financial circumstances and our capital plan,” said David Samson, chairman of the Port Authority.
Published: June 22, 2012
Filed Under: Press Releases
RXR Realty’s operating platform manages 87 commercial real estate properties and investments comprising 23.1 million square feet with an aggregate gross asset value of approximately $12.7 billion as of December 31, 2015. In addition, RXR has a residential development pipeline of approximately 3,000 residential and for sale units in the New York metropolitan area.