Willy was joined by one of the most influential minds in real estate, Scott Rechler, CEO and Chairman of multi-billion-dollar private real estate company RXR.
They discussed Scott’s bullish perspective on the U.S., interest rates and the macroeconomy, markets he’s betting on, opportunities his team is actively pursuing, the state of the NYC office sector, RXR’s “film vs. digital” strategy, back-to-office trends and predictions, core tenants of RXR, his “stay rich,” “get poor,” and “get rich” asset class of choice, and much more.
Key Points In The Webcast:
00:00 Introduction
01:11 Willy introduces Scott Rechler
02:51 General take on the overall real estate market
07:18 What the Trump administration could bring
09:59 The long-term outlook on the new presidency
13:22 Scott’s comment on the Federal Open Mouth Committee
14:42 Would a 25 basis point cut make a difference?
17:43 Where Scott is investing on now
21:29 Buying at attractive cap rates vs. a build yield of 6%
24:05 The opportunities in hospitality
28:25 What was Project Kodak?
34:34 Converting 61 Broadway and investing in 1211 Avenue
37:20 What makes film vs. digital in Manhattan?
41:07 Scott’s analysis on the data
42:52 Remote work and the demand for more space
47:00 The economic impact of back-to-office work
49:40 Investing in technology and more office space
52:35 Converting the White Plains mall to residential
56:40 Scott’s core tenants on partnership
58:52 The best “stay rich” asset class
01:00:24 “Get rich” and “get poor” assets
01:02:09 Be careful about data centers
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