19-05-2025
Developer RXR Strikes Deal to Buy NYC's 590 Madison for About $1.1 Billion
RXR, the Manhattan property developer led by Scott Rechler, agreed to purchase the office tower at 590 Madison Ave. for nearly $1.1 billion, according to a person familiar with the matter.
The company is buying the building close to Central Park from the State Teachers Retirement System of Ohio, the person said, asking not to be named citing private details.
