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RXR Unveils Redevelopment of 44 Whippany Road
Class A 220,000-Square-Foot Recently Enhanced Property Presents Ideal ‘Flight-to-Quality’ Opportunity to Prospective Tenants RXR Realty, a leading real estate operating and investment company in the New York Tri-State region, recently unveiled the results of an extensive capital improvement effort highlighted by...
Canstruction® Long Island 2011 Competition Held in RXR Plaza
More than 50,000 Cans of Food Donated to Long Island Cares, the Harry Chapin Food Bank. Members of 20 Long Island architectural, engineering, design and construction firms were joined this year by students from two local schools as they competed...
RXR Supports Operation Backpack 2011 For Thousands of NYC’s Homeless Children
RXR Realty’s 1330 Avenue of the Americas was the site for Volunteers of America’s (VOA) OPERATION BACKPACK 2011, their 9th annual drive to collect brand-new backpacks and school supplies for the thousands of children living in New York City shelters....
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RXR Acquires Flatiron Trophy 620 Avenue of the Americas
September 19, 2011 – (New York) – RXR Realty (“RXR”), a leading real estate operating and investment company in the New York Tri-State area, is under contract to acquire a controlling interest in 620 Avenue of the Americas, a trophy 700,000-square-foot property located in the heart of Midtown's Chelsea submarket. Under...
RXR Has Big Plans for West Side: Completes Acquisition of The Starrett-Lehigh Building
RXR Realty, a leading real estate operating and investment company in the New York Tri-State area, announced completion of its acquisition of the Starrett-Lehigh Building. RXR paid approximately $920 million, or approximately $400 per square foot, for the 19-story, 2.3 million square foot property. Built in 1932 and renovated in 2001, the iconic Starrett-Lehigh Building is one of Manhattan’s top ten largest office buildings and occupies the entire square block bounded by West 26th and West 27th Streets between 11th and 12th Avenues. A $30 million capital program to renovate the building’s infrastructure was recently completed. RXR plans to invest an additional $50 million to further position Starrett-Lehigh as one of Manhattan’s leading properties serving New York’s fast-growing “creative class” workforce. High-profile tenants include Tommy Hilfiger, Martha Stewart-Omnimedia, advertising firm Dentsu McGarry Bowen, Hugo Boss and Ralph Lauren/Polo. Starrett-Lehigh’s appeal is evidenced by a 93 percent current occupancy rate. Average occupancy at the property has exceeded 90 percent over the past 10 years and 96 percent over the last five years. Located in the heart of the Chelsea West neighborhood, Starrett-Lehigh is uniquely positioned to benefit from the revolutionary changes taking place in the area such as the recent opening of the new 26th Street entrance to the High Line, the enormous infrastructure investments being made in the development of the nearby Hudson...
RXR Acquires Midtown Trophy 1330 Avenue of Americas
RXR REALTY LLC TO BUY 1330 AVENUE OF THE AMERICAS Sale price of $400 million is largest office transaction of 2010 Uniondale, NY – November 23, 2010 – RXR Realty LLC (“RXR”), a leading real estate operating and investment company in the New York Tri-State area, announced today that an investment group led by RXR has entered into a contract to purchase 1330 Avenue of the Americas in New York City. The...