With a new general partner now committed to the Hudson Yards project, Related Cos. said Wednesday it has signed a binding contract on a 99-year lease with the Metropolitan Transportation Authority for the 26-acre site on Manhattan’s Far West Side . . .
The default rate for commercial mortgages is now the highest since 1992 and is likely to surpass even that milestone, according to Real Capital Analytics . . .
Confirming rumors that have circulated for two months now, RXR Realty said this week that it’s under contract to acquire a 49% interest in the 739,000-square-foot 340 Madison Ave . . .
With a rally on the steps of City Hall, a broad coalition of lawmakers, community groups and labor unions has launched the Living Wage NYC campaign, centering around a bill introduced to the City Council on Tuesday.
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