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
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.