Scott Rechler keeps the September 1990 issue of Time magazine in his office to remind himself “how bad things can be.” The cover story of that issue, “The rotting of the Big Apple,” highlighted how dismal a place New York City was back then — in contrast to now.
“New York’s doing great,” the CEO of RXR Realty said during his keynote address at the Marcum Real Estate Forum at 730 Third Avenue Thursday night. “But as I said, there are breaking points where it could go the other way – we’ve been that way before.”