David Frank
RXR Realty
Owner
RXR Realty portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$3.7 billion – office 83.0%, condo 15.0%; Manhattan 87.0%, Brooklyn 11.0%
13th largest portfolio by dollar value
11,753,884 sqft – office 72.0%, condo 18.0%;
20th largest by SF
280 properties – Brooklyn 95%, Manhattan 3%
18th largest
2,234 residential units – Brooklyn 91.0%, Bronx 8.0%
94th largest by residential units
2 foreclosures, 0 bankruptcies, 10 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 6 for $2.1 billion
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Morgan Stanley (6), AIG (2), CIM Group (1), Arab Banking Corporation (1), AustralianSuper (1), Athene Annuity And Life Company (1), Bank of America (1), Hakimian Capital (1), CH Capital Group (1), Creed Equities (1)
Top Ten Associated People:
Jeffrey Horowitz (2), Jane Lam (2), Cynthia Eckes (2), Jason Schreiber (1), Brandon Atkins (1), Gregory Egli (1), Mike Nassimi (1), Matin Hakimi (1), Sammy Hakimian (1), Saeed Stephen Hakakian (1)
Recent activity as signatory:
• RXR Realtyand Blackstone Group borrowed $900 million from Morgan Stanleyand Deutsche Pfandbriefbankand Alabama One Asset Managementand MetLifeand Aozora Bankand Sun Life Assurance Company of Canadaand Woori Bankand Blackstone Group for 601 West 26th Street, Chelsea, Manhattan on January 03, 2025.
• RXR Realty borrowed $177.5 million from ING Capital for 530 5th Avenue, Midtown West, Manhattan on August 26, 2024.
• RXR Realty borrowed $10 million from Morgan Stanley for 5 Times Square, Garment District, Manhattan on April 23, 2024.
• RXR Realty borrowed $731 million from AIGand Morgan Stanley for 1285 Avenue Of The Amer, Midtown West, Manhattan on November 09, 2023.
• RXR Realty borrowed $11.8 million from Morgan Stanley for 5 Times Square, Garment District, Manhattan on October 19, 2023.
• RXR Realty borrowed $225 million from Apollo Global Management for 196 Willoughby Street, 196 Willoughby Street, 152 Ashland Place, and 152 Ashland Place, Downtown Brooklyn, Brooklyn on October 04, 2023.
• RXR Realtyand Blackstone Group sold 1330 Avenue Of The Americas, Midtown West, Manhattan for $320 million to Hakimian Capitaland CH Capital Groupand Creed Equitiesand Nassimi Realtyand Empire Capital Holdings on November 28, 2022.
• RXR Realty borrowed $400 million from Morgan Stanleyand AIGand Arab Banking Corporationand AustralianSuper for 5 Times Square, Garment District, Manhattan on September 28, 2022.
• RXR Realty borrowed $300 million from Athene Annuity And Life Company for 5 Times Square, Garment District, Manhattan on September 28, 2022.
• RXR Realty borrowed $186.6 million from Bank of America for 15 West 51st Street, Midtown West, Manhattan on September 28, 2022.
Latest Stories:
• RXR, Blackstone sign $900M modification to 2018 Starrett-Lehigh loan January 06, 2025
• Apollo, SLG, RXR file plans for 942 resi units at 5 Times Square December 30, 2024
• $670M pre-foreclosure filed at RXR’s 230 Park December 04, 2024
• RXR Realty signs $177.5M refi with ING Capital for office in Midtown West August 27, 2024
• RXR Realty signs $225M refi with Apollo at Willoughby rental in Downtown Brooklyn October 05, 2023
• RXR Realty pays $220M to CIM Group for 320-unit rental in Dumbo December 30, 2021