The Related Companies is switching gears, opting to sell a Far West Side property. The company had been snapping up properties and building new buildings in and around the Hudson Yards.
The 511-541 West 25th Street parcel is listed for $160 million, and being marketed by CBRE Group brokers Darcy Stacom and Bill Shanahan. Related paid only $92 million for the 200,000-square-foot property — which holds three conjoined buildings — two years ago. [more]