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.
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