Joseph Moinian

Last updated
Joseph Moinian
Born
Tehran, Iran
NationalityAmerican
Occupation Real Estate Developer
Known forFounder and CEO of the Moinian Group
SpouseNazee Moinian
Website Moinian.com

Joseph Moinian is an American investor, real estate developer, and philanthropist. [1] [2] [3] He is the founder and CEO of The Moinian Group, one of the largest privately held real-estate firms in the United States. [4] [5] [6] He owns and operates more than $10 billion of real estate across the country.

Contents

Early life

Moinian was born in Tehran, Iran to a Persian Jewish family. His father was also a real estate developer. [7] [8] At the age of 17, Joseph Moinian immigrated to the United States by himself. [4] Moinian graduated from Forest Hills High School and attendedThe City College of New York before embarking on a career in consumer retail and real estate.

Career

After arriving in the United States at the age of 17, Moinian began his first job working at a restaurant in Forest Hills, Queens. [2] Moinian's first business venture was in women's fashion. He used his knowledge of the textile business to create Billy Jack for Her, a successful women's apparel company named after the 1971 movie Billy Jack . [4]

The Moinian Group

In 1982, Moinian founded The Moinian Group to invest in real estate, leveraging his earnings from his apparel company to purchase buildings in Manhattan. [1] Joseph Moinian's first acquisition was 450-460 Park Avenue South, a nearly 200,000-square-foot office building located in Manhattan's Midtown South. [9]

Since 1982 The Moinian Group has grown into one of the largest privately held real estate companies in the United States, with a portfolio of over 20 million square feet across major cities including New York, Miami, Dallas, and Los Angeles. [10] [11] [12] The Moinian Group funds, develops, and owns properties in every major asset category, including office, hotel, retail, and residential. [13] [14] [15] [16] Over 35 years Moinian led the investment, development, and management of 20 million square feet of real estate, including 3 Columbus Circle, 3 Hudson Boulevard, Hudson Arts Building, Sky, Oskar, PLG, 535-545 Fifth Avenue, Willis Tower, and The International Jewelry Center, among others. [1] [12] [15]

Philanthropy

Moinian was chairman of the UJA-Federation of New York in 2010 and remains on its highest committee. [17] Moinian is a co-founder and board member of the National September 11 Memorial & Museum in Lower Manhattan, a nonprofit established in memory of the victims and heroes of the September 11 attacks. [18] He donated roughly $5 million to the museum prior to its dedication in 2014. [18] [19] Mr. Moinian is also a long-time supporter of The Special Children's Center in New Jersey, a service program for people with developmental disabilities and was the guest of honor at the organization's second-annual fundraiser. [3] He also serves on the board of trustees for the Sephardic Heritage Alliance, dedicated to the support of Persian Jewish families’ and individuals’ preservation of its proud three-millennial cultural heritage. [20] Moinian is a supporter of the Keshet Eilon Music Centre in Illinois. [20]

Recognition

Moinian is a member of the Board of Governors of the Real Estate Board of New York. [6] He also sits on the board of the Skyline Museum. [6] In 2019, Moinian was ranked 29th in The Commercial Observer's Power 100: Commercial Real Estate's Most Powerful Players. [21] In 2018, The Moinian Group was named Manhattan's fifth most active developer by The Real Deal, with 2.6 million square feet of development activity. [22]

Personal life

Joseph Moinian is married to Nazee Moinian, also from Iran, whom he met when he was 26. They have five children. Joseph Moinian has two brothers, both in real estate.

Joseph Moinian is active in the Persian-Jewish community and is involved in the development of a Jewish temple in Midwood, Brooklyn and other synagogues in New York under construction. [4] [23]

Related Research Articles

<span class="mw-page-title-main">Hudson Yards, Manhattan</span> Neighborhood in New York City

Hudson Yards is a neighborhood on the West Side of Midtown Manhattan in New York City, bounded roughly by 30th Street in the south, 41st Street in the north, the West Side Highway in the west, and Eighth Avenue in the east. The area is the site of a large-scale redevelopment program that is being planned, funded, and constructed under a set of agreements among the State of New York, City of New York, and Metropolitan Transportation Authority (MTA), with the aim of expanding the Midtown Manhattan business district westward to the Hudson River. The program includes a major rezoning of the Far West Side, an extension of the New York City Subway's 7 and <7>​ trains to a new subway station at 34th Street and 11th Avenue, a renovation and expansion of the Javits Center, and a financing plan to fund the various components. The various components are being planned by the New York City Department of City Planning and New York City Economic Development Corporation.

Silverstein Properties Inc. is an American family-held, full-service real estate development, investment and management firm based in New York City. Founded in 1957 by Chairman Larry Silverstein, the company specializes in developing, acquiring, and managing office, residential, hotel, retail, and mixed-use properties. The firm is New York City's fifth-largest commercial landlord.

<span class="mw-page-title-main">3 Hudson Boulevard</span> Under-construction skyscraper in Manhattan, New York

3 Hudson Boulevard is a proposed skyscraper along the Hudson Park and Boulevard in the Hudson Yards and Hell's Kitchen neighborhoods of Manhattan, New York City, United States. Construction on the skyscraper is in progress, but has currently been paused. The project's developer is Joseph Moinian.

Stephen Barry Siegel is the Chairman of Global Brokerage at CBRE, the world's largest commercial real estate services company.

Thor Equities is a principal investment firm specializing in real estate acquisitions and development, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London's historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island. Thor also has investments in major U.S. cities including San Francisco's Union Square; Georgetown in Washington, D.C.; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami. Thor offers investment vehicles for institutional investors through its Thor Urban Property Funds. Thor Equities also has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.

Joseph J. Sitt is an American real estate investor, founder of the retail chain Ashley Stewart, and founder of global real estate company Thor Equities.

<span class="mw-page-title-main">Arthur G. Cohen</span> Businessperson

Arthur George Cohen was an American businessman and real estate developer in New York City.

Lloyd Goldman is a New York real estate developer and founder of BLDG Management.

Jeffrey Feil is a New York-based real estate developer and president and CEO of The Feil Organization.

Rodney Propp is a New York-based real estate developer and co-founder of Tahl-Propp Equities.

Stanley Isaac Chera was an American billionaire businessman and investor. The founder of Crown Acquisitions. Born in Brooklyn to a Syrian Jewish family, Chera started purchasing real estate in New York City in the 1980s, first as a minority partner and later in the 2000s as the lead developer. In 2017, his net worth was estimated at $4 billion.

<span class="mw-page-title-main">Jeffrey Gural</span> American real estate developer (born 1942)

Jeffrey Gural is a New York real estate developer.

<span class="mw-page-title-main">Benjamin Winter</span>

Benjamin Winter Sr. was a real estate developer in New York City and founder of Winter Incorporated. Winter served as president of the American Federation of Polish Jews.

RXR Realty is a vertically integrated real estate and infrastructure owner, investor, operator, and developer headquartered in New York City. The firm’s portfolio of commercial, residential, multifamily, infrastructure, and logistics projects includes 91 commercial real estate properties and investments held across the country as of 2023. RXR is a privately held company that employs around 450 professionals with experience in operations, real estate development, construction, investment, and asset management.

<span class="mw-page-title-main">Mary Ann Tighe</span>

Mary Ann Tighe is an American commercial real estate broker and the CEO of the New York Tri-State Region of CBRE, the world's largest commercial real estate services firm. She has made commercial transactions totaling more than 123.5 million square feet and has been cited as a groundbreaker in a traditionally male-dominated industry. Her deals have anchored more than 14.4 million square feet of new construction in the New York region, a total believed to be a record in commercial brokerage. Tighe has been named to Crain's New York Business Most Powerful Women in New York since the listing was inaugurated in 2007, ranking #1 in 2011 across all New York City industries. In 2018, she was named to the Crain's Business Hall of Fame, and in 2021, she was named to Crain’s list of the “25 Most Powerful New Yorkers."

Hill West Architects is a New York City based architecture firm which works on the planning and design of high-rise residential and hospitality buildings, retail structures and multi-use complexes. They have participated in the design of prominent structures in the New York City metropolitan area. The firm was founded in 2009 by Alan Goldstein, L. Stephen Hill and David West.

Jack D. Weiler (1904–1995) was an American real estate developer and philanthropist.

<span class="mw-page-title-main">Hudson Yards (development)</span> Development project in Manhattan, New York

Hudson Yards is a 28-acre (11 ha) real estate development in the Hudson Yards neighborhood in Manhattan, New York City, between the Chelsea and Hell's Kitchen neighborhoods. It is located on the waterfront of the Hudson River. Related Companies and Oxford Properties are the primary developers and major equity partners in the project. The architectural firm Kohn Pedersen Fox designed the master plan for the site, and the following architects contributed designs for individual structures: Skidmore, Owings, and Merrill, Thomas Heatherwick, Foster + Partners, Roche-Dinkeloo, and Diller Scofidio + Renfro. Major office tenants include Tapestry, BCG, Warner Bros. Discovery, L'Oréal, Wells Fargo, and KKR.

<span class="mw-page-title-main">St. John's Terminal</span> Building in Manhattan, New York

St. John's Terminal, also known as 550 Washington Street, is a building on Washington Street in the Hudson Square neighborhood of Manhattan in New York City. Designed by Edward A. Doughtery, it was built in 1934 by the New York Central Railroad as a terminus of the High Line, an elevated freight line along Manhattan's West Side used for transporting manufacturing-related goods. The terminal could accommodate 227 train cars. The three floors, measuring 205,000 square feet (19,000 m2) each, were the largest in New York City at the time of their construction.

<span class="mw-page-title-main">Sutton 58</span> Residential skyscraper in Manhattan, New York

Sutton 58 is a residential skyscraper in the Sutton Place neighborhood of Midtown East, Manhattan in New York City.

References

  1. 1 2 3 Pristin, Terry (14 January 2009). "An Owner of Towers Walks a Tightrope". The New York Times. Retrieved 5 June 2020.
  2. 1 2 Gregor, Alison (21 May 2006). "After a Buying Spree, It's Time to Develop". The New York Times. Retrieved 5 June 2020.
  3. 1 2 "Real Estate Magnate and Premiere Philanthropist Joe Moinian to Possibly Invest $100M in Resuscitating "Toys R Us"". The Jewish Voice. Retrieved 5 June 2020.
  4. 1 2 3 4 The Real Deal: "Joe Moinian" By Candace Taylor retrieved October 28, 2013
  5. ↑ "At Decade's End, Moinian Looks Back on 10 Years of Expansion, Innovation, and Success". Commercial Observer. 4 November 2019. Retrieved 5 June 2020.
  6. 1 2 3 "Creating Best-in-Class Luxury Living Experiences". Leaders magazine. Retrieved 5 June 2020.
  7. ↑ "Moin Development | TRD Research". therealdeal.com. Retrieved 2019-06-21.
  8. ↑ "Joseph Moinian Pays $12.5 Million For Leon Black's Faena House Unit In Miami". Jewish Business News . January 17, 2017. Joseph Moinian was born in Teheran to an Iranian Jewish family.
  9. ↑ "Moinian just landed a loan on its Park Avenue South building". The Real Deal. 17 August 2018. Retrieved 5 June 2020.
  10. ↑ "The Moinian Group Branches Out: How Tech And Lending Augment Their Vast Portfolio". Commercial Observer. 20 May 2019. Retrieved 5 June 2020.
  11. ↑ Moinian Group Website: Overview Archived 2013-11-03 at the Wayback Machine retrieved October 28, 2013
  12. 1 2 The New York Observer: "Kind of Blue: Joe Moinian Lives the 3 Columbus Circle Dream" by Matt Chaban September 20, 2011
  13. ↑ "Board of Directors, CEO Joseph Moinian Bio | Moinian Group". moinian.com. Retrieved 2019-02-26.
  14. ↑ New York Observer: "Joseph Chetrit, the Most Mysterious Big Shot in New York Real Estate" by Tom Acitelli July 5, 2011
  15. 1 2 Real Estate Weekly: "Joe Moinian: How I survived the slump" By Al Barbarino Archived 2013-11-03 at the Wayback Machine March 14, 2012
  16. ↑ Bloomberg: "Moinian Seeking Above-Market Rents for Hudson Yards Tower" By David M. Levitt June 11, 2013
  17. ↑ "Bram Weber Receives Larry A. Silverstein Rex Award". UJA Federal New York. Retrieved 25 June 2020.
  18. 1 2 "Joseph Moinian". 911 Memorial Organization. Retrieved 5 June 2020.
  19. ↑ "Revival Near Ground Zero". The Wall Street Journal. Retrieved 5 June 2020.
  20. 1 2 "Joseph Moinian". The Marque. Retrieved 5 June 2020.
  21. ↑ "The Power 100: Commercial Real Estate's Most Powerful Players". Commercial Observer. 23 April 2019. Retrieved 5 June 2020.
  22. ↑ "We ranked Manhattan's most active real estate developers". The Real Deal. 19 February 2018. Retrieved 5 June 2020.
  23. ↑ "Permits Filed for Moinian's 1711 Coney Island Avenue, Midwood, Brooklyn". New York Yimby. 26 December 2017. Retrieved 5 June 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.