By Rebecca Baird-Remba, Commercial Observer At the turn of the last century, the Brooklyn Navy Yard was home to one of the biggest wholesale grocery markets in the world. At Wallabout Market, Brooklynites could buy meat, fish, dairy, produce and other kinds of foodstuffs, which would go onto grocery stores, restaurants and institutions. Across the street, among rows of cold storage warehouses, the Mergenthaler Linotype Company manufactured printing presses in a block-long industrial complex along Hall Street between Flushing and Park Avenues. The Mergenthaler family built the oldest of t [...]
NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG), New York City's largest office property owner, and private investment manager, RXR Realty, today announced that they have signed an agreement to acquire a combined 48.7% interest in Worldwide Plaza, a Class A, trophy asset located in Midtown Manhattan. The interest is being sold by New York REIT (NYSE: NYRT), which will continue to own the remaining equity with WWP Sponsor, LLC, its existing partner. The transaction, which is expected to be completed in the fourth quarter of 2017 subject to customary closing conditions, values the [...]
'Tis the season at RXR Plaza. RXR will be ushering in the 2018 holiday season with Long Island's favorite tree, lit from December 1st, 2018 to January 12th, 2019. Our beautiful, soaring Norwegian spruce sets the backdrop for RXR Plaza's festive outdoor ice-skating rink. It's the perfect time to dust off your skates and get into the spirit! And if you'd rather not brave the cold, join us in the lobby for one of the many musical performances scheduled throughout the month. In addition to festivities at RXR Plaza, we will be continuing our holiday tradition of giving back to our communities t [...]
The RXR platform manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 million square feet of commercial properties, inclusive of a multi-family residential portfolio of approximately 2,600 units under operation or development, and control of development rights for an additional approximately 3,600 multi-family and for sale units 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.