NEW YORK (AP) -- A developer that owns Manhattan's Rockefeller Center and the Chrysler Building has been chosen to transform a desolate neighborhood along the Hudson River into a new business district of office towers, apartments and parks.
Tishman Speyer Properties, with an offer just over $1 billion, outbid a joint venture of The Durst Organization and Vornado Realty Trust. The deal is for redeveloping a 26-acre, government-owned railyards on Manhattan's far west side.
