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RE Rumor Mill: Pier 40, M&G Real Estate, Hearn Co.

By Kaitlin Ugolik ( June 9, 2014, 7:47 PM EDT) -- The secret air rights deal at Hudson River Park's Pier 40 in Manhattan has reportedly been halted. East Village newspaper The Villager reported that the memorandum of understanding detailing the transfer of the air rights for use at a four-story building at 550 Washington St. has been scrapped. The news comes less than a week after a local attorney told the paper that he was considering suing the city over the controversial deal....

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