David Frank
Senior Executive Vice President And General Counsel
RXR Realty
Owner
75 Rockefeller Plaza New York, NY 10019
625 RXR Plaza Uniondale, NY 11556
RXR Realty NYC portfolio
$7.4 billion* – office 63.0%, condo 24.0%; Manhattan 71.0%, Brooklyn 22.0%
17th 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%
20th largest
2,234 residential units – Brooklyn 91.0%, Bronx 8.0%
95th largest by residential units
2 foreclosures, 0 bankruptcies, 10 other court cases.
Person Activity past 24 months:
Borrower signatory: 6 for $2.1 billion
Top Ten Associated Companies:
Morgan Stanley (6), AIG (2), Bank of America (1), CIM Group (1), Hakimian Capital (1), CH Capital Group (1), Creed Equities (1), Nassimi Realty (1), Empire Capital Holdings (1), Apollo Global Management (1)
Top Ten Associated People:
Jeffrey Horowitz (2), Cynthia Eckes (2), Jane Lam (2), Gregory Egli (1), Jason Schreiber (1), Mike Nassimi (1), Matin Hakimi (1), Sammy Hakimian (1), Saeed Stephen Hakakian (1), Brandon Atkins (1)
Recent activity as signatory:
• RXR Realty and Blackstone Group borrowed $900 million from Morgan Stanley, Deutsche Pfandbriefbank, Alabama One Asset Management, MetLife, Aozora Bank, Sun Life Assurance Company of Canada, Woori Bank and 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 AIG and 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 Realty and Blackstone Group sold 1330 Avenue Of The Americas, Midtown West, Manhattan for $320 million to Hakimian Capital, CH Capital Group, Creed Equities, Nassimi Realty and Empire Capital Holdings on November 28, 2022.
• RXR Realty borrowed $400 million from Morgan Stanley, AIG, Arab Banking Corporation and 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 pays $220M to CIM Group for 320-unit rental in Dumbo (December 30, 2021)