The Real Deal New York

From the March issue: Joseph Moinian made a name for himself with audacious real estate deals — like the building on John Street that he bought at $12 a square foot and rented out for $58 a square foot. Or his purchase of Chicago’s Sears Tower, which he bought in 2004 with Joseph Chetrit and a number of other investors, paying $840 million. Chetrit’s most recent acquisitions include 620 Sixth Avenue, which — with partners Yair Levy and Charles Dayan — he bought for $300 million last year. But Moinian, Levy, Dayan and Chetrit all got their starts in the garment industry. It’s a path that might seem improbable at first, but it’s one that’s increasingly well-trodden by some of the biggest players in New York real estate. more By Adam Piore