Real Estate CEOs: No One Leaving NYC Over Policy Changes
At CNBC’s Delivering Alpha conference, RXR CEO Scott Rechler and Rudin Management Co-Chairman Bill Rudin discussed the real estate market in New York City post-election. Despite concerns surrounding Mayor-elect Zohran Mamdani, the executives reported record levels of office leasing and ongoing investments, including a new building project by Ken Griffin. While acknowledging potential risks with the new administration, particularly regarding overseas investor sentiment, Rechler and Rudin expressed optimism, citing the city’s resilience and a need to attract young talent. Both executives emphasized the importance of collaboration between the public and private sectors to address housing affordability and other critical issues, with a focus on working with the mayor.
John Q. Hosedrinker