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.

“RXR’s consistent leasing activity and enduring tenant relationships demonstrate our Company’s ongoing success at helping growing businesses meet their long-term business goals,” said RXR Executive Vice President Kenneth Bauer.

Among the highlights in Nassau County, RXR extended its relationship with long-term tenants including Lockheed Martin Corp., HQ Global Workplaces and New England Life Insurance and completed a new lease with the law firm of Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn, LLP. Details of these and other transactions are as follows:

Lockheed Martin Corp., a global security company, renewed its lease at 55 Charles Lindbergh Blvd. in Mitchel Field. Matt Sonne of Jones Lang LaSalle represented the tenant.

The law firm of Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn, LLP, signed a new lease at RXR’s trophy Omni property, located at 333 Earle Ovington Boulevard in Mitchel Field. Ted Stratigos of Cushman & Wakefield represented the tenant.

HQ Global Workplaces, a provider of outsourced workplaces, renewed its lease at 50 Charles Lindbergh Boulevard in Mitchel Field. Peter Danna and Mark Greenspan of CB Richard Ellis represented the tenant in the transaction. HQ Global Workplaces also renewed its lease at RXR’s North Shore Atrium, located in Syosset at 6800 Jericho Turnpike, in a transaction handled by Danna and Greenspan.

New England Life Insurance Co., a MetLife company, renewed and expanded its long-term lease at 50 Charles Lindbergh Boulevard in Mitchel Field. Lloyd Desatnick of Jones Lang LaSalle represented the tenant.

The lawfirm of Stewart, Greenblatt, Manning & Baez, renewed its lease at 6800 Jericho Turnpike in Syosset. Robert Seidenberg of CB Richard Ellis represented the tenant.

Risk Placement Services (Gallagher), a full-service wholesale/property casualty insurance broker, signed a new lease at 50 Charles Lindbergh Boulevard in Mitchel Field. Gerry Norton of Grubb & Ellis NY represented the tenant.

In Suffolk County, RXR welcomed new tenant Lend America and extended its relationships with existing tenant Signature Bank. Details of these and other transactions are as follows:

Lend America, a national mortgage lender, signed a lease at 520 Broadhollow Road in Melville. Rich Caputi of Whitman Realty Group represented the tenant.

Signature Bank, a commercial bank serving clients throughout the New York area, relocated to expanded offices within RXR Executive Park, from 58 South Service Road to 68 South Service Road in Melville. Ted Stratigos and Joseph Fabrizi of Cushman & Wakefield represented the tenant in this transaction.

HQ Global Workplaces, a provider of outsourced workplaces, renewed its lease at 200 Broadhollow Road in Melville. Peter Danna and Mark Greenspan of CB Richard Ellis represented the tenant in the transaction.

Health Solutions Plus, a provider of healthcare information systems, signed a new lease at 48 South Service Road in Melville. Harris Rousso of Real Estate Strategies represented the tenant.

“RXR continues to experience underlying strength in the commercial real estate market as reflected in a steady volume of transactions throughout our portfolio,” Bauer said. “Many of our tenants are focusing aggressively on their core business operations as they seek to control costs while securing world class real estate services. An over 30 percent increase in the rate of renewals for existing leases at the exact same square footage shows how RXR has retained its key competitive advantages.”

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 $3 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.