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New York

MTA board OKs Hudson Yards deal

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The Metropolitan Transportation Authority Board has unanimously authorized the agency’s deal with the Related Companies and Goldman Sachs to develop the 26-acre Hudson Yards site on the far West Side. When the original winning bidder, Tishman Speyer, pulled out, Related stepped up within a week and agreed to the same $1.054 billion price tag. As The Real Deal reported this week, Related’s strong financial backing propelled it ahead of a Durst Organization-Vornado Realty Trust joint venture and Extell Development. TRD