The Real Deal New York

Posts Tagged ‘Joseph Moinian’

  • Manhattan’s development machers

    September 09, 2015 10:00AM
    The Moinian Group’s 61-story rental tower Sky at 605 West 42nd Street is nearing completion.

    The Moinian Group’s 61-story rental tower Sky at 605 West 42nd Street is nearing completion.

    From the September issue: Big names. Big projects. Big price tags.

    Despite being New York City’s smallest borough, Manhattan development has clearly grown to outsized proportions during the current construction craze.

    Overall, developers here have more than 64 million square feet of residential development in the works, comprised of over 440 projects and an astounding 47,285 units, according to The Real Deal’s analysis of building permits and offering plans filed between Jan. 1, 2011 and July 31, 2015. If there was any doubt that Manhattan is where the big dogs play, the volume of construction here bested the next-busiest borough, Brooklyn, by more than 20 million square feet. [more]

  • From left: 572 Eleventh Avenue in Midtown and Joseph Moinian

    From left: 572 Eleventh Avenue in Midtown and Joseph Moinian (credit: STUDIO SCRIVO)

    UPDATED, July 14, 12:59 p.m.: Joseph Moinian’s Moinian Group is planning to build a 13-story mixed-use building in Hell’s Kitchen, according to permit applications filed with the Department of Buildings on Tuesday.

    The Midtown-based developer filed plans for 163 residential units spread across 124,000 square feet, in addition to 10,800 square feet of commercial space, including ground-floor retail, at 572 Eleventh Avenue. [more]

  • From left: Hiten Samtani and Joe Moinian

    From left: Hiten Samtani and Joe Moinian

    The Moinian Group CEO Joseph Moinian discusses his ambitious plans for Manhattan’s Far West Side, including the borough’s largest residential project and a $1.6 billion office tower. [VIDEO]

  • Joseph Moinian and 3 Columbus Circle

    Joseph Moinian and 3 Columbus Circle in Midtown

    Joseph Moinian’s the Moinian Group has closed a $361 million bond (1.4 billion shekels) issuance on the Tel Aviv Stock Exchange, the largest debt offering on the exchange to date by a U.S. real estate player.

    The issuance closed last week at an interest rate of 4.2 percent – one of the lowest ever secured by a U.S. company – and is backed by about 15 properties in the developer’s New York portfolio, including 3 Columbus Circle and 535-545 Fifth Avenue. [more]

  • (Click to enlarge)

    (Click to view full flyer)

    The lineup for The Real Deal’s new development showcase and forum is taking shape, with nine new speakers announced for three panels that will cover topics like foreign investment, residential development and financing projects in New York City.

    Once again, TRD is bringing real estate’s top names together for thought-provoking discussion on some of the industry’s biggest issues. The event, which will be hosted at the Metropolitan Pavilion in Chelsea on Tuesday, May 12th, will feature the likes of HFZ Capital’s Ziel Feldman, the Moinian Group’s Joseph Moinian, Marty Burger of Silverstein Properties, Fundrise co-founder and president Dan Miller, and Nikki Field of Sotheby’s International Realty.

    Along with these panels, The Real Deal will offer a sneak peek of some of the city’s most anticipated projects to a crowd of more than 3,500 investors, buyers, brokers, lenders, developers and high- end consumers–so don’t miss out.

    Click here to purchase purchase tickets for the event. For sponsorship opportunities, call 212-595-6271 or email

  • 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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  • alternatetext
    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]