RXR Launches $1 Billion Fund To Revive New York City's Office Building Market - Ares Management (NYSE:ARES), Anywhere Real Estate (NYSE:HOUS), RE/MAX Hldgs (NYSE:RMAX), Redfin (NASDAQ:RDFN)

RXR, a major property developer led by CEO Scott Rechler, has announced the launch of a $1 billion fund specifically designed to invest in New York City's distressed office buildings, marking a potential new chapter in the ongoing commercial real estate crisis. 

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