(RealShareNew York comes to the Grand Hyatt, New York, NY, October9.)
NEW YORK CITY-RXR Realty, a New York-basedoperating and investment company run by industry veteranScott Rechler, has officially acquired 450Lexington Avenue from Istithmar World, a deal thatfurthers the company’s strategy of expanding its core investmentsin Manhattan.
“This was a very complex transaction that was two years in themaking,” Rechler says, in a statement. “It further demonstrates ourcontinuing commitment to and belief in the New York City marketwhere we have acquired over five million square feet of space inthe past 24 months.”
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