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New York & Tri-State  + Office  |  May 10, 2019
RXR and Hudson Realty Capital have launched RXR-Hudson, a strategic lending platform
Paul Bubny
By: Paul Bubny

RXR, WeWork Forge Partnership at 75 Rockefeller Plaza

RXR Realty and WeWork are collaborating on a revenue-sharing initiative at RXR’s 75 Rockefeller Plaza. The announcement follows RXR’s recent announcement of a hospitality partnership with Airbnb at the Midtown office property.

The partnership will see WeWork and RXR share build-out costs of four floors encompassing nearly 90,000 square feet at 75 Rockefeller Plaza, with WeWork taking the lead on design and programming. The space, now under construction, will be occupied by a current WeWork enterprise member. RXR and WeWork will share in the revenue generated by the space.

“We pride ourselves on being a forward-thinking company that has built a reputation of taking iconic buildings and reimagining them for use in the 21st century,” said Scott Rechler, RXR’s chairman and CEO. “This partnership aligns directly with our overall development strategy, and we look forward to working with the team at WeWork on new and exciting opportunities moving forward.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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