Gene Kaufman is not a beloved New York City architect. Though his buildings, and especially his hotels, are becoming ubiquitous across Midtown Manhattan, the very mention of his name is enough to inspire rage across the blogosphere. (Curbed’s commenters, in particular, are not too fond of Mr. Kaufman, calling him, among other things, Read More
Jamestown Properties and Rockwood Capital, along with Crown Acquisitions and Murray Hill Properties, finalized their deal to purchase 530 Fifth Avenue for a reported $390 million, officials said.
The property, which was previously owned by Joseph Moinian and the Chetrit Group, will receive a $20 million renovation to upgrade the building.
Joseph Moinian’s kingdom was assembled in a flurry of activity over the past decade, like a conquering warlord besieging New York City, overtaking some of the most valuable commercial properties. But like Alexander the Great or Napoleon Bonaparte, he overextended the empire, imperiling much of it when the recession hit. Yet thanks to an unlikely savior in SL Green, Mr. Moinian has managed to hold on to many of his most prized possessions,
The city has been eagerly awaiting the construction of Boston Properties’ new office tower at 55th Street and Eighth Avenue, an on-again-off-again project by SOM that will likely be the first new office tower of the real estate rebound. (The World Trade Center does not count, but what about Extell’s Diamond Tower?) Having secured a big MoFo as a tenant in March, Mort Zuckerman is ready to build, and The Post‘s Steve Cuozzo reports building permits were just approved for 250 West 55th Street, “paving the way for full-bore work.” But the more exciting news at the corner could be Joe Moinian’s gambit across the street.
Columbus Circle has been the victim of bad architecture for decades, since Robert Moses built the Coliseum on its western flank in the 1950s, a building derided at the time as “utterly pedestrian,” among other epithets. It has since been replaced by the far nicer though not always beloved Time Warner Center. Just Read More
Joe Moinian, the blockbuster developer who bought up millions of square feet for billions of dollars during the boom, is set for a court date later today with rival developer Steve Ross, head of the Related Companies, over Moinian’s redevelopment of 1775 Broadway.
Moinian began redeveloping the art deco office building two years ago, rebranding Read More
Six vulnerable properties of developer Joe Moinian, including the W Downtown, Dwell95 and 180 Maiden. Read More
Peter Fine’s Atlantic Development is suing two major New York landlords, Larry Silverstein and Joseph Moinian, over funds the developer planned to use to fund below-market rate housing.
In court complaints filed against subsidiaries controlled by Messrs. Silverstein and Moinian, Atlantic claims the two landlords owe him millions—$3 million on the part of Read More
On Sept. 26, 2007, the second episode of Kitchen Nightmare’s season aired on Fox. Against a New York skyline, a deep voice intoned: “Tonight on Kitchen Nightmares: New York City may be the Mecca of fine dining, but in the heart of Manhattan is a restaurant in such bad shape it may prove to be Read More
You know things are slow in the commercial real estate world when the Moinian Group sends out a press release touting a mere 52,115 square feet in leases. And, they’re renewals!
Where oh where are the big deals?
Alas, the days are gone when news of little deals ended up in the trashbin. Read More