RXR Realty Signs 99-Year Lease At 75 Rockefeller

Law360, New York (January 25, 2013, 2:44 PM ET) -- RXR Realty LLC has taken on a triple-net, 99-year lease at the landmark 75 Rockefeller Plaza for an undisclosed price, with plans to implement $100 million in renovations, commercial real estate services firm Cushman & Wakefield announced Thursday.

RXR, run by Long Island real estate magnate Scott Rechler, plans to fully renovate the building and rebrand it, updating the interior, restoring the facade and putting in a new lobby.

According to RXR, renovations, which will begin in 2014 after current tenant Time Warner Corp. moves out...
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