Rechler responds: RXR boss on health of his office portfolio
Scott Rechler is in damage control mode. A Financial Times article Thursday headlined “New York property tycoon to give worn-out offices back to the bank” rippled through the real estate industry. If the mighty RXR is facing a reckoning with lenders, readers thought, what hope is there for everyone else? As The Real Deal and other outlets picked up the news, Rechler sprung into action, working the phones to clarify that the “worn-out offices” were
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