Ex-Dodgers Owner Enters NY With $167M Hudson Yards Deal

Law360, New York (September 3, 2013, 1:21 PM EDT) -- Former Los Angeles Dodgers owner Frank McCourt has purchased a parcel of vacant land in Manhattan's burgeoning Hudson Yards district for $167.3 million in an off-market deal, seller Sherwood Equities Inc. said Tuesday.

McCourt's purchase of the 26,000-square-foot parcel at the southern end of Hudson Yards is the McCourt Group's first New York acquisition after years of building up a Boston real estate empire.

The flip is a lucrative one for Sherwood and its development partner Long Wharf Real Estate Partners LLC. The team acquired the...
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