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Leasing Momentum Continues in RXR Portfolio through 4Q 2009
1/8/2010
- RXR closes 2009 matching the robust leasing performance of 2008. This activity reflects the strength of the firm’s brand and its position as quality leader in the New Jersey marketplace -
SHORT HILLS, N.J. (JANUARY 11, 2010) – RXR Realty LLC (“RXR”), the leading real estate operating company in the New York, Tri-State region, has announced a strong year of leasing and renewal performance throughout its premier New Jersey holdings in 2009, reflecting the firm’s unequivocal market position as one of the leading office landlords in the New York Metropolitan area. This robust performance matches RXR’s leasing activity in 2008, a banner year for the firm.
“Fundamentally speaking, there is no denying that 2009 was among the most challenging years in which to complete commercial real estate transactions on both a national level and within the state of New Jersey,” said Todd Rechler, Co-Chief Operating Officer of RXR and President of RXR Construction and Development. “Despite this trend, we closed the year with strong leasing momentum within our New Jersey portfolio, completing significant leasing transactions and renewals. Ultimately, we believe that our firm’s dedication to service, superior building architecture, strategic locations and amenity packages helped to increase our already strong rate of tenant retention and leasing activity in 2009. Given the turbulent economic times that we are operating in, we believe this activity is a testament to RXR’s overall strength of ownership and brand recognition within the New Jersey marketplace.”
The following lease and renewal transactions are examples of the significant deals that were completed in 2009 within RXR’s portfolio of Class-A office properties located throughout New Jersey:
- Otsuka America Pharmaceutical, Inc at One University Square, Princeton, New Jersey
- Axis Reinsurance Company at One University Square, Princeton, New Jersey
- Wells Fargo Advisors, LLC at 51 JFK Parkway, Short Hills, New Jersey
- Wells Fargo Insurance Services at 7 Giralda Farms, Madison, New Jersey
- Appaloosa Management, LP at 51 JFK Parkway, Short Hills, New Jersey
- Government Employees Insurance Company (GEICO) at 300 Executive Drive, West Orange, New Jersey
About RXR
RXR Realty LLC (“RXR”) is a vertically integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management.
RXR’s core growth strategy is focused on the markets surrounding New York City. The Company is one of the largest owners, managers, and developers in the New York Tri-State Area with interests in approximately $2.8 billion in assets, comprised of 70 properties containing approximately 11.2 million square feet, and an extensive development pipeline.
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RXR Honors New Jersey’s Real Estate Community at Annual Year-End Gala
1/3/2010
RXR Realty LLC (“RXR”), the leading real estate operating company in the New York, Tri-State region, hosted its annual year-end gala and broker awards event on December 2, 2009 at its premier One Giralda Farms office property, located in Madison, NJ
Recognized as one of the most highly anticipated annual industry gatherings in the region, RXR hosts this annual event in recognition and celebration of the New Jersey brokerage community for their work in the northern and central New Jersey markets.
In addition, RXR presented its annual “Broker of the Year” award to Jane Moni of Triad Realty (pictured, center with Stephanie Vitale and Todd Rechler of RXR) in recognition of her outstanding work on the Otsuka America Pharmaceutical, Inc. transaction, a 67,531-square-foot long-term lease at University Square, RXR’s newly completed 313,000-square-foot premier Class-A office building located in the Princeton submarket.
View Full Press Release
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Helping Feed the Hungry in our Communities
12/17/2009
This year, more than ever, our communities are hurting. Food banks across the New York Tri-State report that demand has increased by more than 30 percent. Poverty's reach has widened. Recent studies have discovered that people will cut back on the number of meals they eat - and choose less-expensive, less-nutritious food - before they stop paying the mortgage or light bill, or skip repairs on a car that's needed for work. The good news is: People want to help.
This season, once again, RXR has teamed up with a number of charities through out the Tri-State region to help feed under-served communities.
Some of the charities supported by RXR are:
Island Harvest
Fighting hunger and touching lives, Island Harvest serves as the bridge between those who have surplus food and those who need it, supplying hundreds of community-based nonprofit organizations on Long Island with critical food support to help stem the advancing tide of hunger in our communities. Island Harvest has delivered more than 60 million pounds of food, supplementing nearly 47 million meals, since its inception in 1992. In support of its mission to end hunger and reduce food waste on Long Island, the organization is actively involved in educational and hunger awareness programs to inform the public about the insidious but often unrecognized problem of hunger, even in one of the wealthiest regions of the country, and how individuals, businesses, schools and commercial food establishments can make a difference. Island Harvest is a member of Feeding America (formerly America’s Second Harvest).
Community Soup Kitchen
Community Soup Kitchen’s mission is to provide nutritious meals in a warm, safe, and caring environment, free of charge, no questions asked, to anyone who comes seeking nourishment. As part of their hospitality they also encourage and assist their guests in accessing community resources, services, and educational programs.
The Community Food Bank of New Jersey
What was to become the Community FoodBank of New Jersey began when founder and Executive Director, Kathleen DiChiara, began distributing groceries out of the trunk of her car in 1975. The FoodBank was soon established the same year as part of the Archdiocese of Newark.
Today, the FoodBank distributes over 23 million pounds of food and groceries a year, ultimately serving 1,656 non-profit programs including 436 programs served by its Partner Distribution Organizations (PDOs). Through their combined efforts, they assist three-quarters of a million low-income people in 18 of New Jersey’s 21 counties.
A designated 501(c)(3) charitable organization, the Community Foodbank of New Jersey is a member of Feeding America, the nation’s largest network of food banks, as well as a member of the New Jersey Federation of food banks which includes their Southern Branch, the Food Bank of South Jersey, and three Partner Distribution Organizations (PDOs): FoodBank of Monmouth & Ocean Counties, Mercer Street Friends Food Bank and NORWESCAP Food Bank.
Food Bank for Westchester
The Food Bank for Westchester solicits and administers donations from both the public and private sector, distributing food through local agencies to meet the needs of individuals and families. The Food Bank for Westchester is the supply and support center for approximately 200 frontline hunger relief member agencies throughout Westchester. In addition to delivering 5 to 8 tons of food per day, The Food Bank delivers approximately 5 million pounds of food annually. The Food Bank proudly states “Over ninety cents of every dollar contributed to The Food Bank for Westchester directly feeds the hungry. “
The Westchester Coalition for the Hungry and the Homeless
Without The Westchester Coalition for the Hungry and the Homeless nearly one quarter million Westchester residents could go hungry each day. The Westchester Coalition For the Hungry and Homeless, Inc. solicits and obtains funding from the government and private agencies, corporations and individuals.
Funds are then provided in the form of grants to food pantries, soup kitchens and shelters. The organization is multi-faceted and shares information and services with providers; connects volunteers to programs needing help; promotes legislation for systematic changes; and collects data for provision to government agencies.
The Food Bank of Lower Fairfield County
The Food Bank of Lower Fairfield County, Inc. is lower Fairfield County’s primary hunger-relief organization. They provide food to about 100 non-profit agencies and programs that serve low income people in their six town service area through bags of groceries and congregate meals. These include soup kitchens, food pantries, child care programs, homeless shelters, senior centers, domestic violence safe houses, and rehabilitation programs.
During 2008, The Food Bank supplied 1,205,277 pounds of food to 150,391 individuals (unduplicated within each agency) at a savings to their member agencies of $1.9 million.
Concern for our neighbors and our communities will help ease the way through the food crisis. Each of us can help by donating time, donating food, and getting involved.
Food collection took place at the following RXR properties during the critical holiday season:
Long Island:
- 1305 Walt Whitman Road, Melville
- 48 South Service Road, Melville
- 58 South Service Road, Melville
- 68 South Service Road, Melville
- 395 North Service Road, Melville
- 50 Charles Lindbergh Blvd, Mitchel Field
- The Omni, 333 Earle Ovington Blvd, Mitchel Field
- RXR Plaza, Uniondale
New Jersey:
- 51 JFK Parkway, Short Hills
- 101 JFK Parkway, Short Hills
- 100 Executive Drive, West Orange
- 200 Executive Drive, West Orange
- 300 Executive Drive, West Orange
- 10 Rooney Circle, West Orange
- 44 Whippany Road, Morristown
- 1 Giralda Farms, Madison
- 7 Giralda Farms, Madison
Westchester/Connecticut:
- 660 White Plains Road, Tarrytown
- 580 White Plains Road, Tarrytown
- 560 White Plains Road, Tarrytown
- 555 White Plains Road, Tarrytown
- 505 White Plains Road, Tarrytown
- 80 Grasslands Road, Elmsford
- 100 Grasslands Road, Elmsford
- 225 High Ridge Road, Stamford
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Welcoming in the Holidays
12/9/2009
Hundreds of tenants and community residents gathered to usher in the holiday season to officially light Long Island’s favorite tree, a beautiful 66 foot tall Norwegian Spruce. The tree was lit on December 9th and stands aglow on the Plaza with 32,000 colored LED lights. The tree is illuminated nightly until January 9th. At RXR Plaza, the holiday season is “the most wonderful time of the year”. For many Long Islanders, the lighting of the tree at RXR Plaza marks the beginning of the season. This year, the annual event brought a special blend of Long Island talent, showcasing a range of performances from the young and up-coming to a nationally recognized choir.
Nassau County Girl Scouts
Highlighting the event were the Nassau County Girl Scouts, under the direction of Catherine Azzara. Ms. Azzara is a former member of the “Girl Scout” Chorus, a 2002 Gold Award recipient and Girl Scout Adult Volunteer. Catherine’s education and passion for music make her a great role model for all the girls in the Chorus. For the last 20 years, the Girl Scouts of Nassau County Chorus have entertained thousands of residents of Nassau County, bringing a smile to their faces and reminding them all “what is good about Girl Scouting.”
Syosset High School String Orchestra
The highly regarded Syosset String Orchestra, under the direction of the talented Michelle Denton, performed an array of wonderful musical compositions, including a beautiful rendition of “Mother Ginger from The Nutcracker”, the fun and joyous “We Need A Little Christmas” and an upbeat version of “Fiddle Faddle”. The forty up-and-coming musicians that comprised the string orchestra represented their school with excellence and entertained the crowd wholeheartedly.
West Hempstead High School Choir
The event also featured the West Hempstead High School Choir. The group, comprised of forty of the school’s finest singers, provided a glorious finale, led by Director Patricia McVetty. Over the past few years, the West Hempstead High School Choir has performed at the Music Showcase Festival in Allentown, PA and were rated "Superior". They have also performed in the Music Showcase Festival @ Six Flags. The vibrant group sang magnificent renditions of The First Noel/Pachelbel's Canon, Sleigh Ride, and the Hallelujah Chorus. And then, the moment all waited for … when Jolly Santa appeared and stood along side RXR CEO Scott Rechler and EVP Kenneth Bauer to begin the countdown and officially light the tree.
The Calvary Tabernacle Choir
Then, with the newly glowing tree as a backdrop, The Calvary Tabernacle Choir sang an inspired blend of holiday tunes under the direction of Robert T. Stewart. The Calvary Tabernacle was founded in 1991 in Hempstead and as Hempstead grew, so did Calvary Tabernacle now with more than 700 members. The Calvary Tabernacle is led by Pastor and Mrs. Barrington F. Goldson, the original founders. Many attendees savored the beauty of the evening as they enjoyed the complimentary skating session on the RXR Plaza ice rink. A night to remember!
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RXR Plaza Ice Skating Rink is Open!
12/4/2009
We are pleased to announce that the RXR Plaza Ice Skating Rink is now open for the 2009/2010 season. Located at RXR Plaza, across from Nassau Coliseum, this beautifully decorated, seasonal rink provides the perfect setting for outdoor skating for families and small groups, as well as couples seeking a great outdoor activity.
While at the rink, you may rent skates, enjoy a variety of snacks and refreshments within the warmth of the rinkside ice house, and view Long Island’s Favorite Tree, a beautiful 66 foot tall Norwegian Spruce . You may also want to tour the fabulous Winter Garden inside RXR Plaza which also plays host to local musical talent and Santa sightings throughout the holiday season.
RXR Plaza is accessible from the Meadowbrook Parkway - Hempstead Turnpike West exit . There is plenty of free parking. Follow the links below to view the Holiday Happenings and Ice Rink Schedules and plan your visit today!
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The Ritz-Carlton Residences, Inner Harbor, Baltimore Closes on $12.6 Million Residence
11/19/2009
- One of The Largest Residential Transactions in Baltimore City’s History –
BALTIMORE, MD – (November 18, 2009) – Baltimore’s premier 5-star residence, The Ritz-Carlton Residences, Inner Harbor, Baltimore today closed on one of the largest condominium transactions in Baltimore City’s history. The 11,959 square-foot penthouse residence sold for a record $12.6 million.
“This is a magnificent residence,” stated Mr. Joseph Graziose, Senior Vice President for RXR Realty, developer of The Ritz-Carlton Residences, Inner Harbor, Baltimore. “The highest level of quality construction, interior design and architecture has created a residence of incomparable distinction and character. We look forward to welcoming its full time residents to the community.”
“The completion and closure of this exceptional home is a clear indication of our success in the Baltimore market and that the real estate industry is showing true signs of recovery,” said Scott Rechler, CEO and Chairman of RXR Realty. “This sale is not only a milestone for Baltimore, but the real estate industry nationally. The Ritz-Carlton Residences, Inner Harbor, Baltimore has achieved a level of success that residential projects across the country will notice.”
The Ritz-Carlton Residences, Inner Harbor, Baltimore officially opened in May 2008 and features 190 exclusive residences with more than 50 uniquely designed floorplans. Managed and operated by the world-famous Ritz-Carlton Hotel Company, the property is located on a 5.2-acre parcel of land along Baltimore’s famed and historic Inner Harbor area.
The property offers both magnificent water and downtown skyline views. The exceptional list of amenities include: a full-service fitness center; an indoor swimming pool; a full-service spa; rooms for social activities; a 22-slip marina; an exclusive movie theater for private screenings; and concierge and valet services.
About The Ritz-Carlton Residences, Inner Harbor, Baltimore: The Ritz-Carlton Residences, Inner Harbor, Baltimore, located at 801 Key Highway, features magnificent water and downtown skyline views. Managed by the world-famous Ritz-Carlton Hotel Co., the 191 exclusive condominiums feature the legendary services of the world-renowned five-star hotel company. Available condominiums range in price from upper $600,000 to over $5 million. For more information or to schedule an appointment, please call 410-727-4417 or visit www.rcr-baltimore.com
About RXR Realty ("RXR"): is a vertically integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management.
RXR's core growth strategy is focused on the markets surrounding New York City. The Company is one of the largest owners, managers, and developers in the New York Tri-State Area with interests in approximately $2.8 billion in assets, comprised of 70 properties containing approximately 11.2 million square feet, and an extensive development pipeline. For more information on RXR, please visit the company's web site at www.rxrrealty.com
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RXR Glen Isle Partners Honored by New York League of Conservation Voters for Glen Cove Waterfront Redevelopment
10/6/2009
In recognition of their innovative efforts to enhance Glen Cove’s economy and the environment, RXR Glen Isle Partners was honored by the New York League of Conservation Voters (NYLCV) for the redevelopment of the city’s waterfront at the League’s “Champions for a Greener Nassau” reception held at the Oak Room at Bethpage Black.
“Across the country, our suburban communities are being challenged – they must find new ways to remain economically vibrant while protecting the environment,” said Brian Muellers, chair of the New York League of Conservation Voters’ Long Island Chapter. “Glen Cove has become a national model for communities seeking intelligent growth, and we applaud RXR Glen Isle Partners for their commitment to responsible development.”
View Full Press Release
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Giralda Wine Tasting Benefits The New Philharmonic of NJ
9/9/2009
As reported by the Madison Eagle
MADISON - Wine lovers and arts patrons will come together for a wine tasting benefit for the New Philharmonic of New Jersey at 5:30 p.m. Thursday, Sept. 17, at 1 Giralda Farms on the park-like grounds of the Giralda Farms office campus off Madison Avenue in Madison.
The event offers a rare opportunity for participants to sample the heralded wines of the Mediterranean,including vineyards from France, Italy and Spain, all carefully selected by Gary’s Wine and Marketplace of Main Street in Madison.In addition to a wide variety of white and red wines, there will be cheeses and other foods from a region known for its “joie de vivre.”
The classical group Moonlight Duo will provide entertainment at the benefit, which will run from 5:30 to 8 p.m. All proceeds will benefit the New Philharmonic of New Jersey, one of New Jersey’s top professional orchestras. The New Philharmonic will present its season in Dolan Hall on the campus of the College of St. Elizabeth, 2 Convent Road off Madison Avenue in the Convent Station section of Morris Township, with opening night Sunday, Oct. 18.
The benefit is sponsored in part by Gary’s Wine and Marketplace and by RXR Realty, the real estate company with offices nearby in Millburn Township. The firm’s president, Todd Rechler, is committed to the support of arts and cultural programs in Madison and the surrounding area and was recently honored by the New Jersey Jazz Society for his support for arts organizations and other local charities.
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Glen Cove Waterfront Redevelopment Designated Project of Regional Significance by the Long Island Regional Planning Council
9/4/2009
RXR Glen Isle Partners’ planned waterfront revitalization project in Glen Cove, NY, has been designated as a Project of Regional Significance by the Long Island Regional Planning Council (LIRPC). Michael White, Executive Director of LIRPC noted “The regional significance of the RXR Glen Isle waterfront redevelopment is defined by its elements of smart economic growth and sustainability—the result of environmental clean up and public and private investment to provide jobs, housing options, a revitalized waterfront and enhancement to the vibrancy of the City of Glen Cove”. The designation underscores the leadership role of the City of Glen Cove, and its Mayor, Ralph Suozzi, in redeveloping the downtown adjacent waterfront.
View Full Press Release
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Ritz-Carlton Residences, North Hills Sponsors Healthcare Event
9/3/2009
A group of Manhasset design stores are collaborating on a fundraising event to spark interest in design.
On Oct. 1, attendees can enjoy design as they dine at the first Dining Through Design fundraiser to benefit the Katz Women’s Hospital, in association with the Women’s Health Institute of the North Shore-LIJ Health System and it’s Every Woman Matters campaign.
From 6 to 9 p.m., visitors can mix a progressive dinner with lush interiors at The Ritz-Carlton Residencies office, Roche-Bobois and Artistic Tile, all just off the Miracle Mile in Manhasset.
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RXR Announces Otsuka America Pharmaceutical, Inc. As The First Tenant at Premier University Square Class-A Office Building in Princeton, N.J.
7/22/2009
- Global Pharmaceutical Company Signs 67,531 SF Long-Term Lease Agreement, Consolidating and Expanding its East Coast Operations -
SHORT HILLS, NJ (JULY 22, 2009) – RXR Realty LLC (“RXR”), the leading real estate operating company in the New York Tri-State region, has announced that Otsuka America Pharmaceutical, Inc., a global manufacturer, seller, importer/exporter of pharmaceuticals, clinical testing and medical equipment, food products and cosmetics, has signed a 67,531-square-foot long-term lease at University Square, its newly completed 313,000-square-foot premier Class-A office building located in the Princeton submarket.
View Full Press Release
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NJ Gov Corzine Cuts Ribbon at 7 Giralda Farms for Bausch & Lomb
7/21/2009
The opening of Bausch & Lomb's global pharmaceutical division headquarters in the borough boosts New Jersey's reputation as "the medicine chest of America," Gov. Jon S. Corzine said at a ribbon-cutting ceremony Monday.
Corzine helped Bausch & Lomb CEO Gerald M. Ostrov cut the ribbon to officially open the eye health company's pharmaceutical division headquarters in the Giralda Farms office complex.
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Lighthouse Public Hearing- August 4, 2009
7/20/2009
Lighthouse supporters, we need you. The long awaited public hearing has been scheduled by the Town of Hempstead, and Tuesday, August 4, 2009 is the day we've all been waiting for. The meeting will be at 9:30 a.m. at the John Cranston Adams Playhouse on the campus of Hofstra University.
The public hearing is the time you need to let your voice be heard. Please make an effort to be a part of history in the making. Bring your friends and family and show your support for Long Island's future. You've been there for us before, and we need you to be there for us again.
For more information please visit www.lighthouseli.com or the official blog of the Lighthouse Development Group the Light Post at lighthouseliblog.blogspot.com. Follow the Lighthouse project on Twitter at @lighthouse_li or join the "I support the Lighthouse at Long Island" on Facebook.
Click here to send comments about the Project
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New York Giant Justin Tuck Hosts Celebrity Billiards Tournament for Charity
7/13/2009
On Monday, July 13, 2009, New York Giants and Super Bowl Champion defensive end Justin Tuck (pictured with RXR CEO Scott Rechler) hosted Tuck's Celebrity Billiards Tournament Presented by The Ritz-Carlton Residences, North Hills. This event was a star-studded extravaganza with athletes and entertainment celebrities including Vivica A. Fox, Kelly Rowland, NY Giants Sinorice Moss and Hakeem Nicks, and other VIPs registered in a highly competitive pool tournament, all to raise money for Justin Tuck's charity. The action took place at Slate NYC, one of the Big Apple's premier billiards clubs. The Master of Ceremonies for the evening was Law and Order star and comedian Anthony Anderson.
With gracious support from title sponsor The Ritz-Carlton Residences, North Hills and premium sponsor SUBWAY® restaurants, Tuck's Celebrity Billiards hosted 32 teams of two competing in a "win or go home" format until the final "best of three" round. The winning team received not only tournament bragging rights, but also a Grand Prize Package that includes a four night stay at the Ritz-Carlton, Bachelor Gulch in Colorado and the Ritz-Carltons in Palm Beach and South Beach. The Billiards Congress of America was on hand to oversee each match and Jeannette "The Black Widow" Lee, world renowned billiards champion, was also in attendance to offer her expertise to the tournament players and guests.
The funds raised by Tuck's Celebrity Billiards 2009 will benefit Tuck's R.U.S.H. for Literacy. Tuck's R.U.S.H. for Literacy is a charitable initiative that Justin and wife Lauran founded in 2008. The mission is to encourage children to READ, UNDERSTAND, SUCCEED and HOPE and embrace literacy throughout their lives.
Through their efforts, Tuck's R.U.S.H. for Literacy strives to educate and empower children in New York and Central Alabama by providing them with new, age-appropriate books and reading materials.
Last year, Tuck's R.U.S.H. for Literacy held its first "Sack Challenge," where supporters donated $1000 for every sack that Tuck made during the 2008 NFL season. As a result of Tuck's extraordinary play, the organization raised $100,000. The success of the Sack Challenge prompted him to host a Billiards Tournament.
"Tuck's R.U.S.H. for Literacy is my passion, and I'm inspired to keep finding ways to champion this cause," said Tuck. "A fun, competitive summer event will be the perfect atmosphere for our supporters to have a great time, while raising money for our charity."
The inaugural Tuck's Celebrity Billiards was produced by top marketing and event production company The Sandbox Inc., who has been creating signature celebrity pool tournaments since 2003. Over the last six years, their tournaments have attracted superstar participants including, Michael Jordan, Earvin "Magic" Johnson, Alonzo Mourning, Shaquille O'Neal, Julius Erving, Denzel Washington, Jay-Z, Tony Parker and Eva Longoria Parker, Alicia Keys, Sean "Diddy" Combs, Ludacris, Reggie Bush, Kim Kardashian and many more.
About Justin Tuck and Tuck's R.U.S.H. for Literacy
This program aspires to encourage children to READ, UNDERSTAND, SUCCEED, and HOPE as they continue to nurture literacy in their lives. Founded by Justin and Lauran Tuck, this initiative is committed to raising funds to donate books and other reading materials to enrich youth in the New York and Central Alabama communities. Justin Tuck is an NFL Pro Bowl and All-Pro defensive end who was drafted by the New York Giants in 2005. He recorded a career best 12 sacks last season and his dominant play in Super Bowl XLII helped lead the Giants to victory against the New England Patriots. For more information, please visit www.justintuck.com.
About Ritz-Carlton Residences, North Hills
The Ritz-Carlton Residences, North Hills, situated on Long Island's famed Gold Coast, 20 miles from Manhattan, offer the exclusivity and privacy of a luxurious gated community with the only five-star lifestyle on the North Shore. Managed by the world-famous Ritz-Carlton Hotel Company, the sprawling residences feature the legendary services of the world-renowned hotel company coupled with an expansive Clubhouse with private spa and fitness center, wine tasting lounge, club room, private events room, theater, card rooms, business center, and indoor and outdoor swimming pool. The 244 condominiums range in price from $1.5 million to over $4 million. For more information, please call (516) 486-6100 or visit www.theresidencesnorthhills.com.
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Todd Rechler Honored by New Jersey Jazz Society
7/2/2009
The “sanofi-aventis Jazzfest,” now in its 32nd year, stands as the New Jersey region’s longest running summer jazz festival. This year, the weekend jazz fest, sponsored by RXR Realty and hosted by the New Jersey Jazz Society, honored Todd Rechler (pictured, right), President of RXR’s New Jersey Division and RXR Construction & Development. Jeannie Tsukamoto (left), president of the Madison Borough Council, and Don Jay Smith (center), of the New Jersey Jazz Society, presented Mr. Rechler with an award recognizing his appreciation for the arts and generous support for the festival over the past several years. Mr. Rechler, who is a Mendham resident, has been active in many charitable endeavors in Northern New Jersey and is a major supporter of Jazzfest, as it brings an enduring cultural awareness to Madison and the surrounding region.
This year the event was held at Drew University and featured great jazz musicians such as Curtis Stigers, who was dubbed “the best male jazz singer of his generation” by JazzTimes, and The Houston Person Quartet, who’s leading saxophone player, Houston Person, is best known for his soulful performances and his longtime association with singer Etta Jones. The quality of this year’s performance drew a vast crowd of music lovers of all ages, making the event a huge success.
For more information about the New Jersey Jazz Society go to:
njjs.org
For more information about the “sanofi-aventis Jazzfest” go to:
njjs.org/jazzfest
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The Long Island Marathon...A Great Race! A Great Success!
5/4/2009
As an active supporter of the communities in which it operates, RXR continues to carry on its corporate tradition as the primary sponsor of the Long Island Marathon, one of the most popular marathons in the country. Completing its 37th year, always held on the first Sunday in May, the Long Island Marathon continues to draw a larger group of participants every year. This year, the number of runners climbed to over 7,000 – a testimony to the race’s growing recognition and wide-spread appeal. Since 2005, RXR has been the title sponsor and the Company is committed to maintaining its role into the future. This year, RXR’s partner, TIAA-CREF, also proudly joined the roster to demonstrate its support for the race. The Long Island Marathon is the premier competitive running event on Long Island- with more opportunities to participate than ever before!
The event has evolved into a family weekend – one that is packed full of excitement, energy and healthy fun for everyone. Fitness choices abound offering the full and half marathon to the 10K, the 5K, a 1-Mile Run and even a course for the little ones - the Kidz Fun Run.
Marathon weekend features culture and fitness side by side. As the race course leads through Museum Row, home of the Children’s Museum, the Cradle of Aviation and the Nassau County Firefighters Museum, the museums decided to join together and offer free admission for two days to all runners.
For information about all the races, visit www.thelimarathon.com
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The Ritz-Carlton Residences, Inner Harbor, Baltimore Named “Outstanding Residential Real Estate Project of the Year” by Baltimore Business Journal
4/2/2009
BALTIMORE, MARYLAND – The Baltimore Business Journal has named The Ritz-Carlton Residences, Inner Harbor, Baltimore as the Top Residential Real Estate Community of the Year at its recent Heavy Hitters of Baltimore event. The event brought together real estate developers and professionals from throughout the Baltimore area to celebrate their accomplishments of 2008.
Heavy Hitters of Baltimore featured eight categories ranging from outstanding commercial development to land/building sale. The Ritz-Carlton Residences was awarded the top ranking in the largest and most competitive category of the evening, the Most Outstanding Residential Development of 2008.
“What a wonderful honor by the local media for this incredible project,” stated Gabe Pasquale, Senior Vice President of Marketing and Sales for RXR Realty, the developers of The Ritz-Carlton Residences. “The Ritz-Carlton Residences, Inner Harbor, Baltimore surpasses all expectations of luxury, style, quality, and service. This groundbreaking community brings the incomparable standards of The Ritz-Carlton Hotel Company to residential homes. We could not be more pleased with the end result.”
The Ritz-Carlton Residences, Inner Harbor, Baltimore officially opened in May 2008 and features 192 exclusive condominiums with over 50 uniquely designed floor plans. Managed and operated by the world-famous Ritz-Carlton Hotel Company, these new homes are located on a 5.6-acre parcel of land along Baltimore’s famed and historic Inner Harbor area. The property offers both magnificent water and downtown skyline views. The exceptional list of amenities and on-site services include: a full-service fitness center; a temperature-controlled swimming pool; a five-star restaurant, a full-service spa, rooms for social activities; a 22-slip marina; an exclusive movie theater for private screenings; and concierge, valet and car detailing services. The Ritz-Carlton Residences offers a five-star lifestyle that is unmatched anywhere on the Inner Harbor.
About The Ritz-Carlton Residences, Inner Harbor, Baltimore: The Ritz-Carlton Residences, Inner Harbor, Baltimore, located at 801 Key Highway, features magnificent water and downtown skyline views. Managed by the world-famous Ritz-Carlton Hotel Co., the 192 exclusive condominiums feature the legendary services of the world-renowned five-star hotel company. Available condominiums range in price from approximately $600,000 to over $5 million. The Ritz-Carlton Residences began delivering new homes in July 2008. For more information, please call 410-727-4417 or visit www.harborluxury.com.
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2009 RXR/TIAA-CREF Long Island Marathon
3/20/2009
RXR/TIAA-CREF 2009 Long Island Marathon
Now in its 37th year, the Long Island Marathon returns as the premier competitive running event on Long Island and with more opportunities to participate than ever before!
The "Earth Day" marathon started out in the 1970's with a 26.2 mile run. Later renamed the "Long Island Marathon, the event continued into the 1980's and the Half Marathon was added in 1984. Since then, the Long Island Marathon and Half Marathon have continued to thrive and evolve into the "RXR Long Island Marathon: Festival of Races," which features a Marathon, Half Marathon, 10K Race, 5K Race, Kids Fun Run and an all new for 2009, 1-Mile Run. With thousands of participants, the Long Island Marathon has evolved into a family weekend- one that is packed full of excitement, energy and healthy fun for everyone! Now, race day offers up fitness choices for everyone- courses for the little ones as well as beginning and intermediate runners… and of course, the serious challenge for the hearty marathoners.
Traditionally, the Long Island Marathon has taken place on the first Sunday in May as it will again, this year, on Sunday, May 3, 2009, along with the Half Marathon and 10K Race. The other three major events, the 5K Race, 1-Mile Run and KidzFunRun will take place on Saturday, May 2, 2009.
The Kidz Fun Run is open to children ages 1-16 and takes place on the Mitchel Field Athletic Complex Track. The race feature s various age groups and skill levels as well as activities for small children such as race-number coloring.
Museum Family Fest
Marathon weekend will also feature culture along side fitness at the Museum Row Family Festival. As the race course runs along Charles Lindbergh Boulevard, highlighted by Nassau County’s Museum Row, all three museums, Long Island Children’s Museum, Cradle of Aviation, and Nassau County’s Firefighters Museum, will join in the festivities by offering free admission for two days to all runners.
Times and locations for each event are as follows:
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| Event |
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Start Time |
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Start Location |
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Finish Location |
| 5K Race |
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8:00 AM |
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Charles Lindbergh Blvd |
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Mitchel Athletic Complex |
| 1- Mile Run |
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8:00 AM |
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Charles Lindbergh Blvd |
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Mitchel Athletic Complex |
| KidzFunRun |
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1:30 PM |
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Mitchel Athletic Complex |
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Mitchel Athletic Complex |
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| Marathon |
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8:00 AM |
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Charles Lindbergh Blvd |
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Eisenhower Park |
| Half Marathon |
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8:00 AM |
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Charles Lindbergh Blvd |
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Eisenhower Park |
| 10K Race |
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8:00 AM |
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Charles Lindbergh Blvd |
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Eisenhower Park |
Race Weekend has surely evolved into a fun fulled weekend with something for everyone. For further information, go to www.thelimarathon.com
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RXR Concludes Strong Leasing Performance in New Jersey in 2008
3/16/2009
In excess of 325,000 square feet of leasing transactions closed by RXR reflects Company’s position as quality leader in the marketplace
SHORT HILLS, NJ (MAR 16, 2009) – RXR Realty LLC (“RXR”) the leading real estate operating company in the New York, tri-state region, has reported a strong year of leasing performance in 2008 throughout its New Jersey portfolio. The Company has announced that leases and renewals for the year exceeded 325,000-square-feet throughout its northern New Jersey holdings. This robust leasing activity in a challenging marketplace reflects RXR’s market position as one of the leading office landlords in the New York Metropolitan area.
“In all market cycles, RXR remains focused on tenant satisfaction throughout all of our Class-A properties,” said Todd Rechler, President RXR New Jersey. “RXR’s significant rate of tenant retention and strong leasing activity within our growing portfolio in 2008 is a testament to tenants’ flight to quality and strength of ownership during these volatile economic times.”
View Entire Press Release
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RXR Reports 538,932 SF in Leasing Transactions Across Its Long Island Office Portfolio in 2008
2/19/2009
Uniondale, NY – February 19, 2009 – RXR Realty (“RXR”), the leading real estate operating company in the New York Tri-State region, recently announced its 2008 Broker of the Year Awards as the Company recorded 538,932 square feet in new or renewed leases across its prestigious Long Island portfolio of office properties. The RXR 2008 Broker of the Year award recipient was Cushman & Wakefield's Ted Stratigos for the 34,977 square foot lease with Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Chon, LLP as RXR's trophy Omni in Mitchel Field. The RXR 2008 Deal of the Year recipient was Rich Caputi, of Cresa Partners, for the Lend America transaction for 68,617 square feet at 520 Broadhollow Road in Melville. The nearly 540,000 square feet, in 56 transactions completed with some of Long Island’s most noteworthy businesses, reflect RXR’s steadfast commitment to providing its tenants with recognizable value, superior service and gracious amenities, validating RXR’s market position as the metropolitan area’s leading commercial landlord.
View Entire Press Release
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The Ritz-Carlton Residences, Inner Harbor, Baltimore Receives Top National Honors
1/21/2009
- National Association of Home Builders Awards Two Gold Honors to Urban-luxury Baltimore Community –
LAS VEGAS, NEVADA – The National Association of Home Builders (NAHB), the top national trade association dedicated to being “the voice of America’s housing industry,” has awarded two gold awards to The Ritz-Carlton Residences, Inner Harbor, Baltimore; “Best Design for an Attached Community” and “Best Landscape Design for an Attached Community.” The awards were given in Las Vegas during the NAHB’s Annual Convention and Exposition, known as the International Builders’ Show, the largest show of its kind for the residential and light commercial construction industry. Accepting the award on behalf of the community was Gabe Pasquale, Senior Vice President of Marketing and Sales for RXR Realty, the developers of The Ritz-Carlton Residences, Inner Harbor, Baltimore.
Several high-profile projects of national significance were in competition with The Ritz-Carlton Residences, Inner Harbor, Baltimore for these two honors. The first award, “Best Design for an Attached Community,” is awarded to the development project that exemplifies outstanding overall architecture both inside and out based upon design appeal, function and creative use of interior space. The second award, “Best Landscape Design for an Attached Community,” is given to the development that best demonstrates outstanding land effectiveness based upon it overall impact and function in enhancing the project. The honor made special note of The Ritz-Carlton Residences’ incomparable park-like setting along Baltimore’s spectacular waterfront.
“The Ritz-Carlton Residences, Inner Harbor, Baltimore is the epitome of luxury and quality,” said Mr. Pasquale. “RXR Realty has supervised every detail to exceed the standards set forth by The Ritz-Carlton Hotel Company. The result is an outstanding residential community, recognized by an independent panel of professionals, who have confirmed what we already knew…The Ritz-Carlton Residences, Inner Harbor, Baltimore is the best of the best.”
The Ritz-Carlton Residences, Inner Harbor, Baltimore officially opened in May 2008 and features 192 exclusive condominiums with more than 50 different floorplans. Managed and operated by the world-famous Ritz-Carlton Hotel Company, the property is located on a 5.2 acre parcel of land along Baltimore’s famed and historic Inner Harbor area. The property offers both magnificent water and downtown skyline views. The exceptional list of amenities include: a full-service fitness center; a temperature-controlled swimming pool; a five-star restaurant, a full-service spa, rooms for social activities; a 22-slip marina; an exclusive movie theater for private screenings; and concierge, valet and car detailing services.
Founded in 1942, NAHB is a federation of more than 800 state and local associations. About one-third of NAHB’s more than 200,000 members are homebuilders and/or remodelers. The remaining members are associates working in closely related fields within the housing industry, such as mortgage finance and building products and services.
About The Ritz-Carlton Residences, Inner Harbor, Baltimore: The Ritz-Carlton Residences, Inner Harbor, Baltimore, located at 801 Key Highway, features magnificent water and downtown skyline views. Managed by the world-famous Ritz-Carlton Hotel Co., the 192 exclusive condominiums feature the legendary services of the world-renowned five-star hotel company. Available condominiums range in price from approximately $600,000 to over $5 million. Condominium delivery began in July 2008. For more information, please call 410-727-4417 or visit www.harborluxury.com.
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RXR CEO Scott Rechler panelist at Hofstra's Zarb Business School Conference on National Economic Crisis
11/25/2008
Analyzing the Implications of the recent government bailout on the financial landscape
Hofstra University, Hempstead, NY –Financial experts will assess the recent economic crisis and the implications of the Emergency Economic Stabilization Act of 2008 during a conference hosted by the Frank G. Zarb School of Business through its Merrill Lynch Center for the Study of International Financial Services and Markets on Tuesday, November 25, 2008 from 1:30 to 5:30 p.m. in the Hofstra University Club, David S. Mack Hall, North Campus.
In an effort to restore economic well-being to Americans, Congress passed the Emergency Economic Stabilization Act of 2008. This legislation gives the treasury secretary the authority to help restore the stability of the U.S. financial system using $700 billion in U.S. funds to purchase loans, distressed mortgages and mortgage-backed securities from financial institutions.
The conference will offer an overview of the financial crisis and an in-depth analysis of the need for a new unified framework to regulate financial enterprises, modernize financial regulation, restructuring the financial system and modify market value accounting. The first panel will begin at 1:30 p.m. followed by a keynote address from Lewis S. Ranieri, widely considered the father of mortgage-backed securities, then a second panel discussion and a reception.
"The Zarb School focuses on academic knowledge as well as practical application. This conference will focus on the most significant economic challenge of our lifetime. It will be a valuable learning tool for students who are interested in how the financial bailout will affect them personally today and professionally in their not-so-distant future," said Zarb School of Business Dean Salvatore F. Sodano.
First Panel Topic: Causes of the Financial Crisis and Bailout
Panelists include distinguished members of the financial and regulatory communities:
Richard Ketchum, chief executive officer, New York Stock Exchange Regulation
Richard Neiman, superintendent of banks, New York State Banking Department
Allan Mendelowitz, director, Federal Housing Finance Board
Keynote Address:
Lewis S. Ranieri, chairman, Ranieri Partners Management; former vice chairman of Salomon Brothers; former chairman of CA; and a member of Hofstra's Board of Trustees.
Second Panel Topic: Impact of the Bailout on Financial Institutions and Markets
Panelists include distinguished members of the academic, business and legal communities:
Edward Altman, Max L. Heine professor of finance, New York University
Scott Rechler, chief executive officer, RXR
Daniel Rossner, partner, Sidley Austin LLP
This event is free and open to the public. For additional information please call the Merrill Lynch Center at (516) 463-6216 or visit www.hofstra.edu/mlc.
The Frank G. Zarb School of Business at Hofstra University believes that the best business education provides students with a sound knowledge of their field combined with a broad, well-rounded program of study guided by an experienced faculty committed to excellence.
The Merrill Lynch Center aims to disseminate information and facilitate student and faculty study in the field of international financial services and markets using an interdisciplinary approach to the interaction of academics and professionals.
Hofstra University is a dynamic private institution where students can choose from more than 140 undergraduate and 155 graduate programs in liberal arts and sciences, business, communication, education and allied human services, and honors studies, as well as a School of Law. With a student-faculty ratio of 14-to-1, our professors teach small classes averaging 22 students that emphasize interaction, critical thinking and analysis. Hofstra offers a faculty whose highest priority is teaching excellence. The University also provides excellent facilities with state-of-the-art technology, extensive library resources and internship programs that match students’ interests and abilities with appropriate companies and organizations. The Hofstra community is driven, dynamic and energetic, helping students find and focus their strengths to prepare them for a successful future.
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RXR Partners with TIAA-CREF to Help the Environment
10/17/2008
Across the Company’s prime portfolio, TIAA-CREF and RXR are doing our part to save energy and help fight global warming. With the help of our tenants, we can do even more.
Our goal is to ask each of the employees at the companies across our prime properties to replace at least one incandescent light bulb at home with a compact fluorescent light (CFL) that's earned the ENERGY STAR® label for excellence in energy efficiency. By reaching this goal, we will be making a significant positive impact on our environment, saving kilowatt hours of electricity and preventing metric tons of greenhouse gas emissions.
To turn this goal into a reality, TIAA-CREF, RXR’s investment partner, is providing one free CFL to everyone within RXR’s prime portfolio.
Every ENERGY STAR qualified light bulb uses 75% less energy than a standard bulb and lasts up 10 times longer. The distribution program will launch at the end of October 2008.
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Ashanti to Headline Annual Tree Lighting Show at RXR Plaza
10/3/2008
RXR/RXR Realty Presents...
Long Island's Favorite Tree-Lighting at RXR Plaza
Saturday, Dec. 6th, 5:30 pm
RXR Realty is pleased to announce that Grammy Award winning artist Ashanti will be headlining the 2008 Tree Lighting and Ice Spectacular at RXR Plaza. A Long Island native herself, Ashanti will be joined by a plethora of other talented performers from Long Island including Nationally Ranked Pairs Skaters Chloé Katz and Joseph Lynch as well as a multitude of up and coming Long Island skating junior champion skaters. Other performers will include Snook from the Emmy-award winning PBS series "Big, Big World" and the New York Islanders' Ice Girls and Sparky the Dragon.
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Announcing the Grand Opening of The Ritz-Carlton Residences, North Hills
9/29/2008
Redefining 5 –Star, Luxury Living on Long Island’s North Shore
From its prime suburban location on Long Island’s Gold Coast, less than twenty miles from Manhattan, to its lavishly appointed residences and cultured lifestyle, The Ritz-Carlton Residences, North Hills, redefines the luxury lifestyle on Long Island’s North Shore. More than 300 prominent New Yorkers joined in celebrating the official opening of the property’s Presentation Center in Manhasset, where prospective residents can view a luxurious Ralph Lauren- designed model residence.
The Ritz-Carlton Residences, North Hills, artfully incorporate RXR’s peerless capabilities in site selection, community planning and construction management with the famed reputation for flawless hospitality that distinguishes The Ritz-Carlton Hotel Company, LLC. This melding of talents will result in a breathtaking new enclave of luxury, privacy, security and serenity for those with the strongest appreciation for perfection.
The Ritz-Carlton Residences, North Hills, blends French neoclassical style with the latest in technology, creating an atmosphere of 21st Century gentility. Each private lobby features rich wood paneled walls, authentic imported European marble flooring and finely crafted furnishings that are impressive in both design and execution. Elevators open to corridors with a grand foyer embellished by towering 12’ ceilings and masterful woodwork. Private residences are even more elaborately appointed, from the plush carpeting of the master suite, to an expansive wardrobe closet, and an expertly appointed kitchen with finely crafted cabinetry. Walled gardens will be beautifully landscaped, while a fireplace in the living room warms away the cares of the day.
The Legendary five-star services that are synonymous with The Ritz-Carlton are provided by the hand-selected and rigorously trained Ritz-Carlton staff, who will administer the myriad amenities available at this new-resort-at home community, such as valet parking and concierge service. A magnificent 40,000 square foot clubhouse will serve as an onsite retreat with a lounge, game and billiards room, ladies and gentlemen’s card rooms, meeting rooms, a board room and a state-of-the-art screening room. The fully equipped health club will provide a world-class spa experience, aerobics studio, steam and sauna rooms, spa treatment rooms, ladies and gentlemen locker rooms and an indoor and outdoor infinity pool.
The Ritz-Carlton Residences are also secured by the latest in protection systems. The most sophisticated detection and surveillance technologies are strategically located and professionally monitored to ensure all homeowners of optimal protection, while also affording maximum privacy.
A leader in development and redevelopment, RXR’s focus on maintaining strong community relationships is supported by its commitment that each of its projects should advance the quality of life for its residents. The Company’s ability to understand and meet the needs of a specific market is ideally balanced with a dedication to environmental responsibility. As an industry leader, RXR is poised to maintain and strengthen its role, contributing to the enhancement of the communities in which it operates.
(Pictured from left: Dennis Sgambati, North Hills Deputy Mayor; Scott Rechler, Chariman & CEO RXR Realty; Marvin Natiss, North Hills Mayor)
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Cisco NOW Van to visit RXR Plaza
9/16/2008
We are pleased to announce the arrival of the Cisco NOW Van – with New Unified Communications and Security Systems. The Van will be at the RXR Plaza on Tuesday, September 23, 2008 from 10am to 4pm at the front circle.
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Redevelopment of Glen Cove’s Waterfront Reaches Significant Milestone
9/10/2008
September 10, 2008– Glen Cove, NY - At a joint meeting of the Glen Cove Industrial Development Agency (IDA) and Community Development Agency (CDA) last evening, the agencies unanimously approved a revised vision for the redevelopment of Glen Cove's underutilized waterfront. The approved Conceptual Site Plan was prepared by RXR-Glen Isle Partners, LLC, a joint venture between RXR Realty, Long Island’s largest real estate developer, owner, and operator led by Scott Rechler, and Glen Isle Partners, LLC, the originally designated redeveloper for the property led by Donald Monti and Michael Posillico. The plan calls for a active mixed use development combining residential, commercial, retail, cultural, recreational and entertainment uses, new marinas, and a luxury hotel along the north side of Glen Cove Creek linked by a continuous public esplanade of parks and walks. The approval marks the beginning of the public review process under the State Environmental Quality Review Act (SEQRA).
View Entire Press Release
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Please Join Us for Jazz on the Plaza...
8/11/2008
Spyro Gyra
Wednesday, September 10th
RXR Plaza
4:30 pm
On Wednesday, September 10th, RXR Realty will host the legendary jazz greats, Spyro Gyra for a concert on the plaza at RXR Plaza in Uniondale. Admission is free, and the rink-side cafe will be open for food and beverage purchase.
Rain Date: September 10th
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Robust Leasing Activity in Westchester, Connecticut, and New Jersey
8/1/2008
Westchester office portfolio records approximately 67,000 SF of leasing transactions
White Plains, NY – July 29, 2008 – RXR Realty LLC (“RXR”), the leading real estate operating company in the New York Tri-State region, finished the first half of 2008 with a brisk second quarter. RXR recorded approximately 67,000 square feet in leasing activity with new and existing tenants across its Westchester and Connecticut Class A portfolio, including the recently repositioned 1.4 million square-foot, 14-building Platinum Mile, the five building Tarrytown Corporate Center and the 227,966 square-foot High Ridge Road property in Stamford, Connecticut.
View Entire Press Release
164,442 Square Feet signed in 2Q Transactions
SHORT HILLS, N.J., JULY 22, 2008 – RXR Realty LLC’s (“RXR”) completed the second quarter of 2008 with another period of strong leasing activity with new leases and renewals across the Company’s New Jersey portfolio of trophy properties.
View Entire Press Release
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RXR Brings the Next Generation of Corporate Office Amenities to Princeton Route One Corridor
7/9/2008
SHORT HILLS, N.J., JULY 9, 2008 -- RXR Realty LLC’s (“RXR”), the developer of choice in the Class-A office market has built a reputation for exceeding the needs of its sophisticated tenants with an unusual ability to forecast trends and respond accordingly. In Princeton, RXR has taken amenities one step further with an offering that will set a new standard for the workday experience.
RXR’s most recent development, the newly completed five-story 313,000-square-foot University Square in Princeton, has a five-star amenity package with a caveat for the supporters of the timely green movement. Addressing the concerns of the next generation tenant, RXR has included an incentive for those with hybrid vehicles – a reserved parking space, within steps of the lobby entry.
View Entire Press Release
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RXR Announces Hybrid Parking Incentive for Tenants
6/17/2008
LI’s premier owner/developer offers reserved parking for “hybrids only” as a reward for conserving energy
RXR implements green initiative with incentive parking program
The most prized possession of any Long Island office complex, reserved parking adjacent to the front entrance, will be going green at all RXR office buildings throughout the region.
Scott Rechler, Chairman and CEO of RXR, has announced that hybrid automobiles will be getting preferential treatment as part of the Company’s Green Initiative that seeks to reduce its carbon footprint through a broad spectrum of conservation technologies, policies and innovations.
(Pictured: Ken Bauer, RXR; Walt Smith, RXR; Steve Israel, Congressman)
View Entire Press Release
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RXR Proudly Sponsors…Giralda Lawn Concert
6/12/2008
On Sunday, June 29th, the Arts Council of the Morris Area presents its milestone 25th Anniversary Giralda Lawn Concert on the rolling lawns of the Giralda Farms Corporate Park in Madison (the former estate of Geraldine Rockefeller Dodge), Dodge Drive/Rt. 124 (Madison Ave.) in Madison, NJ. Although much time has elapsed and much has changed in the world, the Giralda Lawn Concert remains an enduring classic. Giralda offers families and friends a respite from the concerns and distractions of the day - the opportunity to hear a topflight orchestra performing inspiring music live in a beautiful outdoor setting - and at the same time, supporting the valuable work of the Arts Council of the Morris Area.
With a strong history of the leadership in cultural endeavors, RXR joins the list of the Giralda Lawn Concert supporters. As Todd Rechler, President of RXR’s NJ Division observes, "We are proud to sponsor this special cultural event that combines picnic grounds informality, a beautiful setting, and a first-class orchestra. As we celebrate the 25th consecutive year of the event, we are pleased that Giralda Farms, has become the place to be on the last Sunday in June for so many people."
At this special milestone event, the Arts Council will present the New Jersey Symphony Orchestra, with Jeffrey Grogan conducting a stirring program of 'Americana' favorites - from classical, patriotic and Broadway repertoire. Selections include Gould's American Salute, Dragon's America the Beautiful, Lowden's Armed Forces Salute; Anderson's Home Stretch and Bugler's Holiday; Copland's Down a County Lane and Outdoor Overture and Sousa's The Thunderer March. After intermission, the program continues with Gershwin's George Gershwin in Concert and Embraceable You; Rodgers' Richard Rodgers Waltzes; Arlen's Over the Rainbow; and Herbert's American Fantasia.
The Arts Council of the Morris Area provides cultural enrichment across the community with an
extraordinary array of artistic outreach venues from educational programs, recognition of artistic accomplishments and strategic community collaborations and partnerships.
RXR owns several trophy office properties within the premier Giralda Farms Corporate Park and is currently planning the development of Four and Six Giralda Farms, a 448,000 square foot Class A property.
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It's Happening At RXR...
5/23/2008
Across the New York Tri-State region, RXR strives to make a difference in how we live, work and conduct business, transforming communities into vibrant, desirable places for people to live, work and raise families. The communciation material featured here illustrates our initiatives across the region, highlights our development activity and provides an inside look at the RXR organization.
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Ritz Carlton and Glen Isle...Development Preview
5/22/2008
As a market leader in development and redevelopment, RXR has $3 billion of assets under management and a significant development pipeline. Its deep operating and development infrastructure provides RXR with the opportunity to leverage its “best in class” reputation to maintain its competitive advantage. Extensive local relationships and a track record of enhancing communities positions RXR as the landlord and developer of choice.
RXR has several exciting large-scale development projects underway, in the mixed use, residential and commercial sectors including the 2.5 million square foot mixed use Lighthouse at Long Island, which incorporates the Nassau Coliseum redevelopment; the Glen Isle mixed use redevelopment in Glen Cove waterfront (pictured, left), and two Ritz Carlton luxury residential developments – one recently completed in Baltimore’s Inner Harbor, and the other in North Hills (pictured, right) in Manhasset, Long Island.
Learn more about The Ritz Carlton Residences, North Hills Development
Learn more about the Glen Isle redevelopment
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RXR Takes the Marathon Title Again
5/5/2008
Carrying out its corporate tradition as the primary sponsor of one of the most popular marathons in the country, RXR proudly served once again as the title sponsor for the 2008 race! With over six thousand participants, the RXR Long Island Marathon is a great family weekend- one that is packed full of excitement, energy and healthy fun for everyone!
Remember -- there is always next year... and plans are already underway. Save the first weekend in May ... you'll be happy you did.
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Scott Rechler Honored at 12th Annual Hofstra Gala
5/1/2008
On Thursday, May 1st Hofstra University honored Scott Rechler, Chief Executive Officer and Chairman of RXR Realty LLC ("RXR") as a distinguished member of the Long Island community who has been a friend to the University for many years.
Scott serves on the Hofstra University’s President’s Leadership Council and on the Hofstra University Honors College Advisory Board.
"His vision and commitment to making Long Island a better place is unwavering, and we honor him in recognition of his unique and important contributions to our region." - Stuart Rabinowitz, President Hofstra University
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RXR Announces the Completion of its Next Generation Trophy Property- University Square, Princeton
4/9/2008
SHORT HILLS, N.J., APRIL 9, 2008 – RXR Realty LLC’s (“RXR”) has announced the successful completion of its newest Class-A office building, University Square, located in the prime real estate market of Princeton, New Jersey. The new five-story, state-of-the-art office building, owned by RXR, comprises 313,000 square feet of next generation, premier office space, targeted to exceed the expectations of the most discerning tenants in the sophisticated Princeton submarket.
University Square offers the highest level of amenities and services, creating a premier office environment. The building features: an impressive two-story atrium lobby with rich cherry wood paneling and granite detail; state-of-the-art communications, technology and connectivity; multi-dimensional teleconferencing and training facilities; concierge service; state-of-the-art health club with locker rooms and saunas, and a full-service cafeteria with seating for more than 60.
View Entire Press Release
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RXR Inks 693,153 sf in Leases Throughout Long Island Office Portfolio in 2007
1/22/2008
Uniondale, NY – January 22, 2008 – RXR Realty LLC (“RXR”) proudly closed out a strong 2007 recording 693,153 square feet in new or renewed leases across its prized Long Island portfolio of office properties. The many transactions with some of Long Island’s most prominent businesses, both new and renewing tenants, underscore RXR’s outstanding commitment to provide valued services and amenities to its tenants and validates RXR’s market position as Long Island’s leading commercial landlord.
View Entire Press Release & Current Leasing News
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RXR's Lighthouse Development News Update...
11/14/2007
Lighthouse Development Group, LLC, a joint venture between RXR Realty, LLC and Charles Wang, the Founder of the Lighthouse project and owner of the New York Islanders and New York Dragons, has been designated the exclusive developer of the Coliseum site and has entered into a Development Plan Agreement with the County of Nassau.
The Lighthouse project is the transformation of the Nassau Veterans Memorial Coliseum site and surrounding area into a modern 24/7 suburban center. The centerpiece will be a revitalized arena for the New York Islanders and New York Dragons, surrounded by exciting residential neighborhoods, lifestyle retail and entertainment venues, a sports technology center, multi-purpose athletic complex, state-of-the-art conference and exhibition facilities, a baseball stadium, and the first 5-star hotel on Long Island. The estimated $2 billion project is expected to generate almost $60 million of annual real estate tax revenue. An expected 16,000 construction jobs, thousands of permanent jobs and many new businesses will be created. Overall, the Lighthouse project will add more than $200 million of incremental revenue over the next 25 years to the County and the State from the renovation of the Coliseum alone and keep the New York Islanders on Long Island for decades to come.
View Development Details
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RXR gets on board Glen Isle development
10/16/2007
As reported in Newsday 10/16/07
The partnership developing a billion-dollar, mixed-use project on Glen Cove's waterfront has just become a threesome.
Scott Rechler, chief executive of Uniondale-based RXR Realty, said yesterday he intends to team with Donald Monti and Michael Posillico's Glen Isle Partners Llc, the entity behind a controversial proposal to bring 16-story buildings to a once-contaminated stretch of waterfront on Glen Cove Creek.
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RXR's Inspire Makes a Difference
10/9/2007
For more information about RXR Islanders Inspire or to reserve your seats, please call (800) 882-ISLES, Ext. 3 or email GroupSales@newyorkislanders.com to speak to a representative now.
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RXR teams up with Midtown to Develop Ritz Carlton properties
9/11/2007
As reported in Newsday 9/11/2007:
The region's leading commercial landlord is partnering with a top developer of luxury residences and mixed-use urban communities to form a new $2.8-billion development powerhouse.
Together, RXR Realty chief executive Scott Rechler and Midtown Equities president Daniel Pfeffer plan to build 244 Ritz-Carlton five-star condominium residences in North Hills, complete another Ritz-Carlton luxury residential project in Baltimore's Inner Harbor and build a 6-million-square-foot mixed-use waterfront project in Bridgeport, Conn.
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Construction at RXR’s Catskills Concord Development Slated To Begin
6/8/2007
RXR’s joint venture with Westchester developer Louis Cappelli owns the former Concord and Grossinger’s hotels in Kiamesha Lake and Monticello, respectively. Construction on the Concord site, which includes two golf courses, 3,000 homes and a luxury hotel-spa, will begin soon.
The Comprehensive Development Plan consists of:
- A 1,500 room hotel, resort and casino/convention center
- 3,000 + residential units
- A 200-room, five-star spa hotel
- A 300-room five-star lodge/hotel
- 600,000 square feet destination and big box retail
- Two 18-hole championship golf courses
- 60,000 square foot golf course clubhouse
Plans for the Grossingers portion of the development project are currently under development.
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