By Miriam Hall, Bisnow There was a time when people worked without steam rooms or snack bars — but that is the workplace of yesteryear, and most landlords in the city are being forced to step up their game. The rise of coworking and flexible workspace providers in New York City has redefined the office leasing market and workplace culture, and it has put traditional office property landlords in something of a complex position. On one side, they compete with these coworking firms for tenants. On the flip side, the coworking companies are tenants themselves and — increasingly — p [...]
By Talib Visram, Fast Company You certainly wouldn’t be the object of derision if you sauntered into the Starrett-LeHigh exhibition space in Manhattan and thought it was an authentic outlet for some back-to-school shopping. After all, the sign on the door says exactly that. You’ll find backpacks, T-shirts, and lunch boxes—but with a disturbing twist. There are bulletproof backpacks, printed with cute Pokémon and Super Mario designs. The graphic tees read “Make America Safe Again.” And if you open one of the Captain America lunc [...]
The RXR platform manages 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. 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.