The Round-Up: Thursday

Vacant Chelsea building goes to Hampshire Hotels for $70 M. [NY Times]

City officials shake their heads at developing Red Hook waterfront. [NY Post]

One York condo building has a big secret: It's on Canal Street. [NY Sun]

City considers obstacles to people mover proposal for rail yards site. [NY Sun]

The time has come for Long Island City development. [NY Sun]

321 West 44th Street trades for $87 M. [Real Deal]