To read this full article you need to be subscribed to Newsline. Sign in Sign up for a FREE subscription Share this article Twitter LinkedIn Facebook Twitter LinkedIn Facebook RXR, Ares partner form $500m JV for distressed Manhattan office by Andrea Zander RXR has plans to partner with Ares Management to buy distressed NYC offices, reported The Financial Times. Together with RXR, Area has seeded the joint venture with $500 million.