Major NYC Real Estate Moves: RXR’s $1.1B Purchase and Chrysler Building Sale

In today's episode, we delve into significant developments in New York City's real estate market. RXR Realty is set to acquire a prestigious Plaza District tower for nearly $1.1 billion, marking the largest office sale since 2022. Meanwhile, the iconic Chrysler Building is up for sale for the first time in nearly a decade. We also explore JPMREIT's strategic expansion with the acquisition of 15 industrial properties for $124 million. Join us for an in-depth analysis of these landmark transactions and their implications for the market.

Sources:
https://www.credaily.com/newsletters/rxr-strikes-first-1b-nyc-office-sale-since-2022/
https://www.globest.com/2025/05/20/rxr-makes-largest-new-york-acquisition-in-three-years-since-google/
https://www.credaily.com/briefs/rxr-to-buy-590-madison-in-first-1b-nyc-office-deal-since-2022/
https://therealdeal.com/new-york/2025/05/19/rxr-buying-590-madison-for-close-to-1-1b/
https://www.commercialsearch.com/news/rxr-to-pay-1b-for-manhattan-tower/
https://www.timeout.com/newyork/news/you-can-now-buy-the-chrysler-building-heres-how-much-itll-cost-ya-052325
https://commercialobserver.com/2025/05/chrysler-building-sale-2025/
https://crenews.com/2025/05/20/manhattans-chrysler-building-up-for-sale/
https://www.costar.com/article/355771130/savills-tapped-to-sell-new-york-citys-iconic-chrysler-building
https://www.6sqft.com/the-chrysler-building-is-now-on-the-market/
https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-real-estate-income-trust-expands-industrial-portfolio-strategic-acquistions/
https://www.bisnow.com/national/news/industrial/jpmreit-acquires-2-logistics-warehouse-portfolios-for-124m-129507
https://www.sec.gov/Archives/edgar/data/1893262/000095017025076114/ck0001893262-ex99_1.htm
https://altswire.com/j-p-morgan-reit-reports-4-72m-in-q1-distributions-acquires-another-industrial-asset/
https://irei.com/news/j-p-morgan-real-estate-income-trust-expands-industrial-portfolio-with-strategic-acquisitions/