By Konrad Putziger, The Real Deal
Forest City Ratner’s former President and COO Joanne Minieri joined RXR Realty, where she will lead the firm’s construction division.
Most recently, Minieri served as Suffolk County’s commissioner of economic development – a job she left in July after four years. She had worked at Forest City Ratner for 17 years until 2012. “I had a plan for myself and my plan was to work in Suffolk County for a period of time, but it was my decision to leave,” she told the Commercial Observer. “I wanted to go back into the private world. I like pioneering ideas and creating communities.”
As an executive vice president at RXR, Minieri will oversee a 100-person construction team and work on high-profile projects such as the $360 million renovation of 75 Rockefeller Plaza and the $350 renovation and expansion of Pier 57.
“Joining us at a time when our development pipeline has grown to more than $3 billion, including nearly 3,000 residential units in or near production, Joanne has a background and set of skills that will ensure that we continue to execute on our business plans effectively,” RXR’s CEO Scott Rechler said in a statement.
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.