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NEW YORK CITY-RXR Realty has announced it’s landed a big get: Seth Pinsky, the president of the New York City Economic Development Corp. Pinsky—who has served in his current role since 2008, after joining the EDC in 2003 as VP—will lead an RXR initiative to invest in emerging New York metropolitan area markets and contribute to the expansion of the region’s economy.

The NYCEDC followed the announcement Tuesday morning with an announcement that it has nominated Kyle Kimball to succeed Pinsky. Kimball is currently executive director of the organization. He previously worked as a VP at both Goldman Sachs and J.P. Morgan.

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