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"There's clearly been a rapid appreciation in residential land values, but at the same time you've got to keep reminding yourself that you're buying a nonperforming loan, " says Curt Bailey, president of Related Midwest, a unit of Stephen Ross's Related Cos. that has expressed interest in the site.
WSJ: Plots & Ploys: Hole-Sale Real Estate
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Meanwhile, at downtown's rival office neighborhood, Hudson Yards, on the Far West Side, the first building broke ground in December, at a ceremony where developer Stephen Ross beamed, flanked by the city's heavyweights in business and politics.
WSJ: On the Rise With High Rises
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Real estate billionaire Stephen Ross, owner of the Miami Dolphins, has a new hobby that he hopes will bring in some extra cash.
FORBES: Billionaire Stephen Ross' Hi-Tech Dream for the NFL
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Stephen Jones kicked Scarlets into a 16-14 half-time lead before Gordon Ross answered but Kees Meeuws' try and a Jones penalty saw the Welsh side home.
BBC: Saracens 17-26 Scarlets
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Motherwell were without the suspended Steve Jennings and fellow midfielder Ross Forbes dropped out as Steven Saunders and Stephen Craigan returned to be part of a defence featuring four central defenders.
BBC: Sport - Football - Dundee United 2-2 Motherwell
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Gareth McKeown twice went close with long-range efforts and Ross Arthur stabbed the ball past the post as Stephen Baxter's side pressed for a second.
BBC: Ballymena Utd 1-2 Crusaders
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Hartlepool were a man down for most of the game after Jack Ross was sent off for fouling Stephen Hunt, who saw the resulting penalty saved.
BBC: SPORT | Football | FA Cup | Hartlepool 0-1 Brentford
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Real estate mogul Stephen Ross of The Related Group told me that he thinks that instead of donating half his wealth to a charitable cause, leaving that money to the government in the form of taxes is another way of giving back.
FORBES: 'Giving Pledge': Charity, Tax Play or Publicity Stunt?