SCHEDULE 14A INFORMATION

                  Proxy Statement Pursuant to Section 14(a) of
                       the Securities Exchange Act of 1934

Filed by the Registrant   |X|
Filed by a party other than the Registrant   |_|


Check the appropriate box:
|_|      Preliminary Proxy Statement
|_|      Confidential, For Use of the Commission Only
         (as permitted by Rule 14a-6(e)(2))
|_|      Definitive Proxy Statement
|X|      Definitive Additional Materials
|-|      Soliciting Material Under Rule 14a-12


                         RECKSON ASSOCIATES REALTY CORP.
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                (Name of Registrant as Specified In Its Charter)

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    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)


Payment of Filing Fee (Check the appropriate box):

|X| No fee required.

|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

              (1)     Title of each class of securities to which transaction
                      applies:

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              (2)     Aggregate number of securities to which transaction
                      applies:

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              (3)     Per unit price or other underlying value of transaction
                      computed pursuant to Exchange Act Rule 0-11 (set forth the
                      amount on which the filing fee is calculated and state how
                      it was determined):

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              (4)     Proposed maximum aggregate value of transaction:

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              (5)     Total fee paid:

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|_| Fee paid previously with preliminary materials.





|_|      Check box if any part of the fee is offset as provided by Exchange Act
         Rule 0-11(a)(2) and identify the filing for which the offsetting fee
         was paid previously. Identify the previous filing by registration
         statement number, or the Form or Schedule and the date of its filing.

              (1)     Amount Previously Paid:

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              (2)     Form, Schedule or Registration Statement No.:

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              (3)     Filing Party:


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PRESS RELEASE

RECKSON ASSOCIATES REALTY CORP.                        SARD VERBINNEN & CO.
625 RECKSON PLAZA                                      (212) 687-8080 (PHONE)
UNIONDALE, NY  11556                                   CONTACT: PAUL CAMINITI
(516) 506-6000 (PHONE)                                          DENISE DESCHENES
(516) 506-6800 (FACSIMILE)                                      JEFFREY MATHEWS
CONTACT:  SUSAN MCGUIRE


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   RECKSON POSTPONES SPECIAL MEETING OF SHAREHOLDERS TO NOVEMBER 28, 2006

     (UNIONDALE,  NEW  YORK,--  (BUSINESS  WIRE)--  NOVEMBER  17, 2006 - RECKSON
ASSOCIATES  REALTY  CORP.(NYSE:  RA) today  announced  that,  in light of recent
developments,  in  coordination  with SL Green Realty Corp.  (NYSE:  SLG), it is
postponing the date of its special meeting of stockholders  originally scheduled
for November 22, 2006 to November 28, 2006 to approve its pending merger with SL
Green Realty Corp.

IMPORTANT INFORMATION AND WHERE TO FIND IT

Reckson and SL Green have filed a definitive proxy  statement/prospectus as part
of  a  registration  statement  regarding  the  proposed  transaction  with  the
Securities  and Exchange  Commission  (SEC) on October 19, 2006.  Investors  and
security  holders  are urged to read the proxy  statement/prospectus  because it
contains  important  information  about SL Green and  Reckson  and the  proposed
transaction.  Investors  and  security  holders  may  obtain a free  copy of the
definitive proxy  statement/prospectus and other documents filed by SL Green and
Reckson with the SEC at the SEC's website at www.sec.gov.  The definitive  proxy
statement/prospectus  and other relevant  documents may also be obtained free of
charge from SL Green or Reckson by  directing  such  request  to: SL Green,  420
Lexington Avenue, New York, NY 10170, Attention: Investor Relations, or Reckson,
625 Reckson Plaza, Uniondale, NY 11556, Attention: Investor Relations. Investors
and security holders are urged to read the proxy statement, prospectus and other
relevant material before making any voting or investment  decisions with respect
to the merger.

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