RXR sues insurers over infectious disease coverage – Robert Khodadadian

RXR Realty was prepared for the pandemic, but its insurers weren’t, and now it says it’s owed over $60 million. In a lawsuit filed in state Supreme Court this week, Scott Rechler’s RXR alleges seven insurance providers denied its claims for business interruption coverage due to public health emergencies, despite the firm having purchased “all-risk” policies, Bisnow reported. RXR is seeking more than $61 million in damages for losses the commercial real estate giant incurred

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Coronavirus, insurance, Office Leasing, office market, RXR The Real Deal New York Read More