Joseph Moinian | The Real Deal New York

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Joseph Moinian

CEO
Moinian Group
3 Columbus Circle
New York, NY
(212) 808-4000
Website

Joseph Moinian is the founder, chairman and CEO of the Moinian Group, a large privately held development and ownership firm based in New York City.

His firm’s holdings in the city have included the office tower at 1775 Broadway, the W New York Downtown Hotel and Residences, the luxury rental Dwell95, the office building at 3 Columbus Circle, and 3 Hudson Boulevard, part of the Hudson Yards development. All totaled, the firm has about $10 billion in assets nationwide.

Moinian, however, faced significant financing problems after the real estate crash in 2008, having taken out highly leveraged loans during the boom years with little of his own equity.

Moinian got his business start in the garment trade, turning to real estate in earnest in the early 1990s. -TA


12/14/18
...Joseph Moinian (Credit: STUDIO SCRIVO) and 17 Battery Place The Moinian Group scored some new financing for...

12/10/18
...high profile guests and Moinian executives including CEO Joseph Moinian and vice president for acquisitions and finance Michael Zarifpoor. An eight-piece band entertained the...

10/31/18
...Ocean at One West Street and Joseph Moinian Moinian Group landed a $140 million loan for Financial District residential tower Ocean at One...

10/11/18
...the end, the firm, which is headed by Joseph Moinian, opted against it. “We were worried that the size of USB ports would someday...

...the end, the firm, which is headed by Joseph Moinian, opted against it. “We were worried that the size of USB ports would someday...

09/20/18
...and Morad Ghadamian, who regularly partners with developer Joseph Moinian and made his fortune importing rugs. The Cohen family, which founded Duane Reade, is...

08/20/18
...Joseph Moinian and 3 Columbus Circle (Credit: Getty Images and SL Green) The Moinian Group plans to...

08/17/18
...space provider Work Better and tech company ShopKeep. Joseph Moinian bought the property in 1982 and has described it as his first “serious office building...

08/07/18
...left: Renderings of 22 Chapel Street, Michael Shah and Joseph Moinian (Credit: BuzzBuzzHome, Delshah Capital, and Moinian Group) Negotiations between the Moinian Group and Michael...

08/01/18
...Hudson Yards office tower it’s co-developing with Joseph Moinian. The real estate investment trust provided $80 million in debt to refinance a land loan...

07/31/18
...From left: Renderings of 461 West 34th Street, Joseph Moinian, and David Marx (Credit: CityRealty, Moinian, and Marx Development Corp.) David Marx’s Marx...

07/25/18
...Harrison St, Joseph Chetrit, 500-512 Seventh Avenue, and Joseph Moinian (Credit: Getty, Apartments, and Google Maps) New York’s real estate lenders are pouring...

07/18/18
...accounts for half of the 12-story building, which Joseph Moinian bought in 1982. In a previous interview, he described the property as his first “serious...

05/31/18
...Avenue and from left to right: Joseph Chetrit, Joseph Moinian, and Edward Minskoff Moinian Group, Chetrit Group and Minskoff Equities scored a $375 million loan...

04/10/18
...From left: Joseph Moinian, Owen Thomas and 3 Hudson Boulevard (credit: FXFOWLE) In a breakthrough for Moinian Group's long-gestating...

04/03/18
...billion in 2015, from a partnership between Joseph Chetrit, Joseph Moinian and American Landmark Properties. The deal was at the time the largest for a...

03/29/18
...Joseph Moinian and the current building at 3 Platt Street The Moinian Group is planning a new...

03/09/18
...major rental projects. In 2003, the firm partnered with Joseph Moinian’s Moinian Group to develop a 464-unit Midtown rental tower at 271 West 47th Street...

02/07/18
...limited partnerships, the CO reported. Moinian, led by Joseph Moinian, broke ground on the 53-story, 2-million-square-foot office tower near Hudson Yards last year, but...

01/30/18
From the January issue: In August, Joe Moinian watched yet another potential anchor tenant for his planned Hudson Yards tower slip through his fingers, when the...

01/18/18
...Joseph Moinian The Moinian Group raised $167 million in a bond offer on the Tel Aviv Stock...

01/17/18
...developer and Trump acolyte Louis Cappelli donated $70,000. Developer Joseph Moinian and his wife Nazee together gave $50,000, as did Extell Development's Gary Barnett and his...

01/04/18
...Joseph Moinian and Moinian Group properties (Credit: Moinian Group) Joseph Moinian’s Moinian Group is building...

12/20/17
...Coney Island Avenue and Joseph Moinian (Credit: Google Maps and Moinian Group) Joe Moinian, who’s at work developing a...

11/27/17
...comment, and Moinian did not immediately respond. While Joseph Moinian said at the groundbreaking ceremony he wants as much as $500 million in EB-5 funding...
  • Event Sales
  • Address 222 West 45th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 25,000
  • Price $ 6,130,000
  • Price per foot $ 245.20
notes
The air rights sold for $6.13 million, or about $245 per square foot. The buyers acquired the air rights from the Booth Theater, which will be used to increase the size of a planned hotel at 237 West 54th Street, from 27 stories to 34 stories.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
notes
The property sold for $390 million, or $780 per square foot, the New York Post reported.
  • Event Sales
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 280,000
  • Price $ 144,000,000
  • Price per foot $ 514.29
notes
The property sold for $144 million, or about $514 per square foot. A joint venture of real estate developer Joseph Moinian and Westbrook Capital acquired 475 Fifth Avenue, located at 41st Street, in 2007 for $160 million, but lender Barclays took the property back in 2009 through a deed in lieu of foreclosure.
  • Event Sales
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 180,000,000
  • Price per foot $ 600.00
notes
The Art Deco building sold for $180 million. Moinian had tried to purchase the property directly from Korein 20 years ago, but did not succeed until now.
  • Event Sales
  • Address 417 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 392,000
  • Price $ 250,000,000
  • Price per foot $ 637.76
notes
The building sold for $250 million, or $638 per square foot. The 95-year-old property includes 80,000 square feet of air rights.
  • Event Sales
  • Address 245 Fifth Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 287,000
  • Price $ 190,000,000
  • Price per foot $ 662.02
  • Publication Date 04/01/2007
  • Event Date 02/20/2007
  • Party 1 KBS Realty Advisors
  • Party 2 Joseph Moinian
notes
The building sold for $190 million, or $662 per square foot.
  • Event Office Leasing
  • Address 110 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 28,000
  • Price per foot $ 35.00
notes
The investment advisory firm will move into the space in summer 2008. The tenant, which had been subletting space from JP Morgan Chase at 95 Wall Street, was forced to move when JP Morgan made a deal with 95 Wall Street owner Joseph Moinian to vacate the building.
  • Event Financing
  • Address 123 Washington Street
  • Neighborhood Financial District
  • Borough Manhattan
notes
Commercial Liberty Bond financing totaling $50 million was secured for the developer, who plans a mixed-use tower containing a hotel base of 217 rooms and 180 luxury residential condominiums on top. 53-story mixed-use tower
  • Event Sales
  • Address 509, 535 and 545 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 260,000,000
notes
Zeus Portfolio
  • Event Sales
  • Building Name 509, 535 and 545 Fifth Avenue (Zeus portfolio)
  • Address 545 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 595,000
  • Price $ 260,000,000
  • Price per foot $ 436.97
notes
The three prewar office buildings are in contract for $260 million. (Zeus portfolio)
  • Event Sales
  • Address 555 West 34th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 47,000
notes
The Verizon building is in contract; Joseph Moinian plans a 1.5 million-square-foot mixed-use tower on the site.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 33,000
notes
Real estate research group moves from 5 West 37th St; 11-year lease
  • Event Sales
  • Address 90 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 146,000
  • Price $ 32,000,000
  • Price per foot $ 219.18
notes
Sold for $32 million; residential conversion planned
  • Event Sales
  • Address 95 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 180,000,000
  • Publication Date 06/01/2004
  • Event Date 04/22/2004
  • Party 1 German fund DEGI
  • Party 2 RFR Holding
notes
Reportedly buying for $180M as part of 5 building package and flipping building to Joseph Moinian for $183M
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 220,000,000
Manhattan, 10019
DEVASH LLC
3 Columbus Circle is a 310-foot office skyscraper in Midtown, Manhattan. The original...

08/04/15
...units at 34 Park Row in the Financial District. Joseph Moinian (who just built the largest residential rental tower in New York by unit count...