Mack Real Estate Group took control of a Hudson Yards development site long tied up in litigation with the Chetrit Group.  Mack closed on a $94 million title transfer for a vacant parcel at 545 West 37th Street, PincusCo reported. Mack acquired the site from a Chetrit affiliate in a deal that closed Dec. 18 and was recorded Jan. 2. The transaction values the site at about $543 per buildable square foot, based on 172,00 square feet of unused development rights and no existing built space. Mack and Chetrit did not immediately respond to requests for comment from The Real […]

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