The Real Deal New York

Posts Tagged ‘Joseph Moinian’

  • Willis Tower in Chicago (inset: Joseph Chetrit)

    Willis Tower in Chicago (inset: Joseph Chetrit, via Patrick McMullan)

    The Blackstone Group agreed to purchase the Willis Tower, formerly known as the Sears Tower, in Chicago for $1.3 billion from Joseph Chetrit, Joseph Moinian and American Landmark Properties. The deal marks the highest-ever price paid for a U.S. office tower outside of New York City. [more]

  • starwood-moinian

    From left: Barry Sternlicht, 237 West 54th Street in Midtown, Morad Ghadamian, Joseph Moinian (credit: New York Social Diary) and Dustin Stolly

    UPDATED, 12:12 p.m., Feb. 17: Barry Sternlicht’s Starwood Capital Group sold its remaining 49.9 percent stake in Central Park South’s Hilton Garden Inn to Morad Ghadamian, a Lenox Hill-based investor and carpet importer, The Real Deal has learned. The deal was struck just over a year after the 401-key hotel opened its doors, and values the property at $240 million. [more]

  • Clockwise from left: Amir Korangy with Joseph Moinian and Bruce Mosler; Howard Lorber with guest;  and Amir Korangy with John Catsimatidis

    Clockwise from left: Amir Korangy with Joseph Moinian and Bruce Mosler; Howard Lorber with Elliman’s Jennie Gourin; Korangy with event honoree Miles Lima and his mother; and Korangy with John Catsimatidis [credit: Benno Klandt]

    The industry’s leading lights came together last week to honor The Real Deal’s Amir Korangy for his commitment to supporting families of seriously ill children. Korangy received the Child’s Champion Award from the Ronald McDonald House New York, which provides housing and support services for pediatric cancer patients and their families. [more]

  • Clockwise from left: 545 Fifth Avenue, Joseph Moinian and Adam Silver

    Clockwise from left: 545 Fifth Avenue, Joseph Moinian and NBA Commissioner Adam Silver

    The National Basketball Association is moving into a sprawling new space at 545 Fifth Avenue. [more]

  • moinian

    From left: 3 Hudson Boulevard, Joseph Moinian (credit: SCRIVO STUDIO) and the Tel Aviv Stock Exchange (credit: FLASH90)

    Developer Joseph Moinian’s Midtown-based firm Moinian Group is considering a $500 million bond issue on the Tel Aviv Stock Exchange. [more]

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  • From left: Joseph Moinian, Murray Hill's Norman Sturner and 180 Maiden Lane

    From left: Joseph Moinian, Murray Hill’s Norman Sturner and 180 Maiden Lane

    Murray Hill Properties is in contract to buy 180 Maiden Lane.

    SL Green and Joseph Moinian are reportedly unloading the 1.2 million-square-foot tower, which is only sparsely occupied. While the agreed-upon price is still unclear, sources told the New York Post that it breaks down to just below $450 per square foot. [more]

  • Joseph Moinian and 605 West 42nd Street (Site image credit: Curbed)

    Joseph Moinian and 605 West 42nd Street (Site image credit: Curbed)

    Construction is now moving along swiftly at Joseph Moinian’s 605 West 42nd Street. The long-stalled residential development, previously known as Atelier 2, switched from condominiums to rentals earlier this year, as The Real Deal reported. [more]

  • Joseph Moinian and W Downtown New York

    Developer Joseph Moinian is planning to combine the top two residential floors of the W New York Downtown Hotel and Residences into one 12,000-square-foot duplex penthouse priced at $40 million, the New York Times reported.

    By pooling 12 units on the 55th and 56th floors of the hotel at 123 Washington Street, he hopes to capitalize on the trophy apartment trend. The home comes with a $2 million credit toward construction and design. Moinian intends for this to help with marketing and selling the remaining 80 units in the building, the Times said. [more]

  • From left: Jerry Stackhouse, the Atelier and Deborah Cox

    From left: Jerry Stackhouse, the Atelier and Deborah Cox

    The Atelier is getting two more celebrity residents. Brooklyn Nets powerhouse Jerry Stackhouse and Broadway star Deborah Cox are the newest boldface names to sign leases at the Moinian Group-developed condominium building at 635 West 42nd Street between Eleventh and Twelfth avenues, a source with knowledge of the deals told The Real Deal. [more]

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  • Moinian’s Atelier II gets moving

    April 08, 2013 06:00PM

    Joseph Moinian and the site at 605 West 42nd Street

    Joseph Moinian’s plans for a mammoth residential tower at 605 West 42nd Street are officially back in play. The developer filed a new application for the site today with the city’s Department of Buildings which calls for a 61-story, 656-foot tall rental tower with more than 1,100 units.

    Moinian had first earmarked the 1.1 million-square-foot site, located adjacent to the Moinian Group-developed Atelier condominium tower, for a residential tower in 2007. The recession stymied progress at the site, but the new plans signal that construction may shortly begin again in earnest. [more]

  • From left: Joseph Moinian and Gary LaBarbera

    A report card commissioned by a new union advocacy organization that gave the Moinian Group’s operations an “F” has several flaws and seems to unsystematically target the developer for its penchant for hiring nonunion workers. In its report, Build up NYC, a coalition of labor groups including 32BJ SEIU, the Hotel Trades Union, and the Building and Construction Trades Council of Greater New York, excoriated the Moinian Group for a laundry list of alleged failings at its buildings, as well as a poor record of worker relations. … [more]

  • A rendering of 3 Hudson Boulevard (source: FXFOWLE)

    New renderings are out today of developer Joseph Moinian’s forthcoming 1.7 million-square-foot tower near Hundson Yards, the New York Post reported.  The 1,000-foot tower is designed by Dan Kaplan of FXFOWLE and will twist from its base to catch the sunlight. “It has a subtle, elegant spin and only rotates the 22 degrees as you go up,” Kaplan, said. “It’s enough to give it a distinctive form, but not so much that it contorts the building.” [more]

  • A day in the life: Joseph Moinian

    November 28, 2012 10:00AM

    Joseph Moinian

    From the November issue: 6:00 to 6:30 a.m.  I wake up between 6:00 and 6:30. I check the New York Post. If there are headlines that I like, I will read the full version later on my iPad in my car. I also like to watch international news when I’m getting ready, like the BBC and Al Jazeera.

    7:00 a.m.  I only eat breakfast about three times a week, egg whites with maybe some tomato or grilled onions. I also drink a skim latte from Starbucks every day, without sugar, because I like the bitterness. I bring it with me to the office and it stays on my desk until it gets cold. Joe’s entire system is on-the-go. [more]

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    From left: Bruce Mosler of Cushman & Wakefield, Ron Cohen, Stephen Siegel and Joseph Moinian (credit: Marc Becker)

    Ron Cohen, vice chairman of Capital Markets New York at Jones Lang LaSalle, was honored last night at the 30th annual gala benefiting the American Friends of Rabin Medical Center. Proceeds from the event, dubbed “The Best of New York Meets the Best of Israel,” will benefit the future Emergency and Trauma Center at Rabin Medical Center in Israel.

    Cohen is also a founder and executive board member of the AFRMC. … [more]

  • From left: Joseph Moinian, 535-545 Fifth Avenue (building credit: PropertyShark) and Jeff Winick

    Even as more retailers appear to be downsizing, Joseph Moinian is working to combine 84,000 square feet of retail space on a full Fifth Avenue block. The New York Post reported that the Moinian Group head is unifying the retail space in the ground floor of the office building at 535-545 Fifth Avenue, between East 44th and East 45th streets. [more]

  • From left: Joseph Moinian, Joseph Sitt and 245 Fifth Avenue

    A $140 million loan on developers Joseph Sitt and Joseph Moinian’s 245 Fifth Avenue has been transferred into special servicing because of default concerns, according to data provided to The Real Deal by analytics firm Trepp.

    While the developers are still current on their loan, a default may be imminent, the data indicates. The transfer happened March 5, according to Trepp’s records. [more]

  • From left: Starwood CEO Barry Sternlicht, Moinian Group CEO Joseph Moinian and a rendering of 237 West 54th Street

    Developer Joseph Moinian and partner Starwood Capital Group paid $6.125 million to the Shubert Organization for 25,000 square feet of air rights that will be used for the development of a hotel at 237 West 54th Street, a source familiar with the deal said. [more]

  • Louise Sunshine and the W Downtown New York

    The sluggish sales pace has picked up at the condominium units in Joseph Moinian’s W New York Downtown hotel thanks to a new marketing focus on fully-furnished units led by Louise Sunshine, according to the  Wall Street Journal.

    Interest in the building was high when a sales effort was launched before it was built in 2007, but the  prospective buyers vanished when the recession hit. When the 57-story building’s 22 lowest floors opened as a 217-room hotel in 2010 the building, at 123 Washington Street, had its first sale. By the fall of 2011, though, just 15 of the 223 for-sale units had closed, in part because of a controversial Interstate Land Sales Full Disclosure Act lawsuit. [more]

  • A William Street New School accommodation facility is one of five New York City addresses making its debut on Trepp’s list of distressed properties in November, according to data from the real estate analytics firm.

    New to the 56-item list of distressed properties is Metro Loft Management’s 111,000-square-foot, 17-story building at 84 William Street, currently being used as a student housing facility for attendees of the New School, according to the university’s website. The company is non-performing on a loan beyond maturity, with a balance of $28.9 million, after being current in October, the data shows. (note: correction appended) – Katherine Clarke[more]

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    From left: Joseph Moinian and a rendering of 605 West 42nd Street
    Moinian Group head Joseph Moinian is putting a 1.1 million-square-foot development site in Midtown West on the market, the New York Post reported. The developer wants to find financing for a $750 million, 65-story rental apartment tower designed by Costas Kondylis on the site, located at 605 West 42nd Street near 11th Avenue. However, Moinian admitted that while he’d prefer to find financing and develop the tower himself, he is leaving the options open for a sale.

    “When you market something, you have to leave the door open for anything that could be beneficial to the project, including selling it,” he said. … [more]


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