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Rxr realty

The meaning of «rxr realty»

RXR Realty is a real estate owner, manager, and developer located in New York City and surrounding areas of Westchester County, Long Island, New Jersey, and Connecticut. The company is headquartered in New York, New York and Uniondale, New York. RXR is a non-traded public company, and is led by Scott Rechler as CEO.[1] New York Gov. Andrew Cuomo appointed Rechler vice chairman of the board of commissioners of the Port Authority of New York and New Jersey.

Scott Rechler founded RXR in 2007 after the 2006 acquisition by SL Green Realty of Reckson Associates Realty, at which he was Chairman and CEO.[2][3] In December 2013, NorthStar Realty Finance Corp invested $340 million in RXR.[4] NorthStar/RXR filed for a $2 billion IPO in February 2015, and the registration was declared effective by the SEC. In 2015, The Blackstone Group agreed to buy a 50% stake in six RXR properties located in New York State and New Jersey.[5]

RXR Realty owns or manages 93 commercial, residential and retail properties in the New York City area. Notable properties include:

RXR Realty is a developer of real estate projects which include:

RXR Realty has also made news related to significant unsuccessful bids to buy New York City real estate.

In March 2020, RXR Realty has contributed $1 million to support organizations and residents of New Rochelle who face the effects of coronavirus. In its initiative, RXR's collaborates with the Westchester Community Foundation.[33]

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