Commercial big-boys vie for tenants

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A Joseph Moinian-Stephen Ross battle for tenants may be underway, with Moinian announcing plans to build a new office tower just north of Related Companies’ $15 billion West Side rail yards development, which is currently seeking office tenants, according to the Wall Street Journal. Although Moinian hasn’t divulged too many secrets about his new development, set to break ground on 11th Avenue between 34th and 35th streets, he did say he plans to begin marketing the 1.6 million-square-foot tower “very soon.” While the timing of Moinian’s announcement may be brushed off as mere coincidence — the developer said he’d been planning the project for five years — their relationship has not been free from tension. The Related CEO has been angling to foreclose on Moinian’s 3 Columbus Circle office building. [WSJ]