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Commercial Observer/Opinion
  • Robert Knakal

    Robert Knakal

    Low Interest Rates Are the Fuel, But How Long Will They Stay Low?

  • David Greene

    David Greene

    Getting the Split Right

  • Sam Chandan

    Sam Chandan

    What Do Goldilocks And The Economy Have In Common?

  • Richard Persichetti

    Richard Persichetti

    Is The High-End Market Making a Comeback?

  • J.D. Parker

    J.D. Parker

    Sales Contests: Who Needs ’Em?

  • Scott Spector

    Scott Spector

    Hello Friend: An Introduction

  • Barry LePatner

    Barry LePatner

    Owners Beware, Part I: Four Important Facts About Design and Construction of Large Projects

  • Josh Siegelman

    Josh Siegelman

    Slow Going for Quick Service

  • Ken McCarthy

    Ken McCarthy

    Where You Are and Who You Are

  • Chris Havens

    Chris Havens

    Why It’s Inevitable That Tech & Creative Tenants Will Take Over Downtown Brooklyn

  • Robert Sammons

    Robert Sammons

    Hello Recovery—This Is Manhattan Calling. Do I Have Availability for You!

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By Al Barbarino 2/19 10:00am

Power Broker

IMG_6323

The 24-7 Deal-Maker: RXR Realty Leasing Director Willam Elder Can’t Stop, Won’t Stop

Following RXR Realty’s $700 million acquisition of 450 Lexington Avenue last year, six of the firm’s top executives met with sellers Daniel Saliba and Mark Troy of Istithmar World Capital for a closing dinner at Lavo, the Italian restaurant on Manhattan’s East Side.

A round of toasts that evening, most agreed, was in stark contrast Read More

By Daniel Edward Rosen 7/11/12 12:24pm

Sales Beat

450 Lexington Avenue (photo courtesy of CoStar)

RXR Realty To Buy 450 Lexington Avenue from Istithmar World Capital

Long Island-based real estate firm RXR Realty LLC is under contract to purchase 450 Lexington Avenue from Istithmar World Capital.

The company, which is run by Scott Rechler, had purchased a portion of the property’s $600 million in debt in over the past two years, and is close to assuming complete ownership of the property. Read More

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