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Moinian files $175M suit against Goldman

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Developer Joseph Moinian is suing Goldman Sachs over 180 Maiden Lane

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Developer Joseph Moinian filed a $175 million lawsuit against Goldman Sachs Wednesday, accusing Goldman of giving AIG a deal at 180 Maiden Lane in which AIG pays far below market-rate rent for the Goldman space it sublets. Goldman sued Moinian, Whose Company Owns 180 Maiden Lane, last month, claiming Moinian owes Goldman $3.1 million in brokerage fees for subleasing the space to AIG. Now Moinian says Goldman isn’t following the terms of the lease, which require Goldman to pay Moinian 50 percent of any profits made on a sublease.

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American Institute Of ArchitectsGoldman SachsJoseph MoinianMoinian Group