Chairman & CEO of RXR; Director at the NY Fed; former RPA Chair; former MTA Board Member; former Vice-Chairman of the Port Authority of New York and New Jersey
NYC is back! This was the message CNBC’s Delivering Alpha conference. We’re seeing record leasing in our office buildings, not just for a year but for the long term. The reality is that more people want to live, work, and visit New York City than ever before!
NEXT WEEK @davidfaber will speak with @ScottRechler and Bill Rudin about New York real estate, how they are positioning their portfolios and what’s next for New York at the #DeliveringAlpha summit.
Learn more and JOIN US: https://t.co/5lXv6BoXaA
A lot of positive energy at the @MilkenInstitute Global Conference. Amidst turbulence comes dislocation, which creates opportunity, which is where RXR thrives. It’s those who have confidence in their strategy and act with conviction who will succeed in today’s market. #MIGlobal
RXR Chairman & CEO @ScottRechler calls New York the heartbeat of the U.S.—and explains why he still loves going to work in Midtown. Catch @lydiamoynihan full convo with Scott Rechler on his bold vision for Manhattan—https://t.co/JxSPUnRfqA
CRE hit the floor in 2024. Those who adapted to higher-for-longer rates, our new normal, & played offense will thrive in 2025. While CRE still faces $2T+ in maturing debt, we’re in a generational investment opportunity. Big year ahead! https://t.co/O5kZEjkkiq
Coming soon, RXR & TF Cornerstone’s 175 Park Avenue, the tallest building in the Western Hemisphere, with 2.9 million SF of office/hotel space, 100s of millions of $ in transit improvements, 25K SF of public open space, & more. Big things ahead in 2025! https://t.co/eaHsYQr1G7
Yesterday, I joined @andrewrsorkin & the @SquawkCNBC team to discuss the current state of commercial real estate in New York City. One topic I raised was the critical role of thoughtful public policy in unlocking the innovation and ingenuity of the private sector.
We're seeing this now with NYC East Midtown Rezoning program. This program, a model for successful public-private partnerships, has paved the way for some of the City’s newest and most modern office buildings, such as SL Green’s One Vanderbilt and the new JP Morgan Building.
We honor the unbreakable spirit of the Israeli people and Jews around the world and mourn the victims of October 7th and its aftermath. May their memory be a blessing.
This past week, RXR lit the iconic Helmsley building in the colors of the Israeli flag to honor and mourn the more than 1,200 people murdered by the terrorist group Hamas in southern Israel a year ago.
The Bob Knakal Show is in full swing. The next show will be filmed at @BaruchCollege on October 23 at 5 pm and you may be able to be in the live studio audience.
I will be giving a short overview of NYC’s investment sales market and my co-host, @JillianMariutti, will give an overview of the debt and equity markets. Then we will interview commercial real estate titan, @ScottRechler, Chairman and CEO of @RXR_Realty.
The show will be filmed and followed with a great networking cocktail party hosted by the sponsor of The Bob Knakal Show, @CREXinc, the most powerful platform to prospect, evaluate, connect, and close any commercial real estate deal.
Want to RSVP to the event? The link to the form will be in the comments.
The Fed's interest rate decision will have an impact on the commercial real estate sector. "Even though we see people coming back to the office, multi-family is where the bigger opportunity is," says RXR CEO Scott Rechler.