Scott Rechler Of RXR Realty And Ivanhoé Cambridge Refinances Office At 1211 6th Avenue For $1.035B

The asset involved in this transaction is an office property located at 1211 6th Avenue in Midtown West, Manhattan, with a total square footage of 1,984,228. The refinance loan amount is $1,035,000,000, facilitated through Berkadia Commercial Mortgage.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,035,000,000
• Lender: Berkadia Commercial Mortgage
• Landlord: Scott Rechler - RXR Realty & Ivanhoé Cambridge
• Loan Type: Refinance
• Date of Closing: August 14, 2025

RXR Realty and Ivanhoé Cambridge executed the refinancing of the property at 1211 Avenue of the Americas through the loan from Series 2015-1211 with Berkadia, marking a noteworthy event in their financial strategy.