Scott Rechler’s RXR leading $500M recap of 55 Broad office conversion
Scott Rechler’s RXR is leading a $500 million recapitalization of 55 Broad Street — one of the first big office-to-residential projects of the recent conversion craze. RXR has entered an agreement to form a joint venture with developers Silverstein Properties and Metro Loft Management, sources told
LISTEN: Who is left holding the bag for Josh Schuster?
Josh Schuster once seemed destined to be the next big thing in New York City development. Instead, he’s awaiting sentencing for securities fraud and his victims are left picking up the pieces. On the latest episode of The Real Deal’s “Deconstruct” podcast, commercial bureau chief Rich Bockmann takes
Passive Investing vs. DIY Rentals: Which Path Builds Wealth Faster for Busy Professionals?
I’ve invested both actively and passively in real estate. I owned 15 rental properties by myself and another dozen with partners. Today, I own smaller percentages in around 5,000 units. […]
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