In order for Scott Rechler to succeed at overhauling the recently-leased 75 Rockefeller Plaza, his company, RXR Realty, will need to take in at least $80 a square foot, sources told the Wall Street Journal. There’s just one catch: In the fourth quarter of 2012, the average office rent in the Rockefeller Center area was $71.26 per square foot. RXR, which committed to lease the entire building for a 99-year term at an estimated cost [more]
↧