RXR’s Tough Market Pivot

RXR is weathering a brutal real estate storm, selling assets at steep losses and negotiating to save key properties like Worldwide Plaza amid a market that’s turned sharply against them. Once a master of buying low and selling high, Scott Rechler’s firm now faces lender battles and a lack of institutional appetite — a stark contrast to their 2008 playbook. But RXR’s pivot is clear: new partners like Elliott and Baupost, a massive 175 Park Avenue development, and a bold diversification into apartments and logistics signal resilience. Even as the past few years have been tough, Rechler insists RXR is stronger, adapting to a cautious market while still eyeing future growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/498ded7492777bf8