Moinian’s Bezel rental tower at Miami Worldcenter hits market for roughly $300M: sources

The Moinian Group put the Bezel apartment tower at Miami Worldcenter on the market for roughly $300 million, The Real Deal has learned.  If it sells at that price, it would mark the biggest South Florida multifamily deal so far this year, as expensive financing costs have led to a dry spell in investment sales.  […]

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Moinian, Bushburg selling Flatbush rental complex for up to $335M

The Moinian Group and Bushburg Properties are selling one of Flatbush’s largest rental projects just a few years after it opened. The partners are selling the 467-unit apartment complex at 123 Linden Street for between $325 million and $335 million, PincusCo reported, citing a filing by Moinian on the Tel Aviv Stock Exchange. At that […]

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Moinian sells dev site near LaGuardia for $50M

Joseph Moinian’s Moinian Group offloaded a shuttered hotel and adjacent multifamily development site near LaGuardia Airport for $50 million. An entity connected to the developer sold the former Holiday Inn LaGuardia Airport hotel at 37-10 114th Street and the parking lot next door at 37-20 114th Street in Corona, Queens, to an entity tied to investment firm Bayrock Capital, The Real Deal has learned. The eight-floor, 217-key hotel spans roughly 107,000 square feet and was

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Youngest female unicorn CEO moves startup to Moinian’s 60 Madison Avenue

The growing health care company Spring Health has signed a lease for about 30,000 square feet at the Moinian Group’s 60 Madison Avenue. The seven-year deal encompasses the entire second and most of the third floor at the property, which faces Madison Square Park in Nomad. As a sweetener, the agreement enabled the startup to move into a furnished 12,000 square feet on the 21st floor of 245 Fifth Avenue — a Moinian and Thor

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Bushburg, Moinian snag $105M loan for East New York luxury project

Bushburg and the Moinian Group have secured a $105 million construction loan for their mixed-use residential project in East New York. The loan, provided by Valley Bank and Cross River Bank, will help the developers finish their 14-story, 320-unit renovation of a landmarked former dairy factory. The project, at 2840 Atlantic Avenue, will also bring a 52,000-square-foot community space and 14,000 square feet of retail to the neighborhood, one of New York’s least developed areas.

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Moinian nabs $223M refi for Flatbush apartment complex

The Moinian Group landed a $223 million refinancing deal for its 467-unit Flatbush apartment building. The deal comes less than a year after the developer secured a $170 million refinancing package for the complex, located in Prospect Lefferts Gardens, from an AIG subsidiary last July. The Bank of China provided the new loan, which leaves the developer with $53 million in cash after paying down the AIG loan. The 26-story newly developed rental complex, dubbed

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CVS signs lease for 512 7th Avenue store

CVS Pharmacy has signed another lease in Manhattan. The drugstore chain took 12,500 square feet of retail space at 512 7th Avenue, including 8,500 square feet on the ground level and 4,000 for storage in the basement. A spokesperson for CVS confirmed the lease, and added that the company intends to open the location in 2022. Sources tell The Real Deal that the retailer will pay 350 per square foot. The deal closed earlier this

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Moinian deal with SL Green values Sky apartments at $850M

Joe Moinian and SL Green Realty have struck a deal at their massive Sky apartment tower that values the Far West Side building at more than $850 million. The Moinian Group has a contract to buy SL Green’s 20-percent stake in the 71-story tower at 605 West 42nd Street, sources told The Real Deal. SL Green announced Wednesday afternoon that it had come to terms on a deal to sell its stake for about $53

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Holiday Inn next to LaGuardia Airport faces foreclosure

A Holiday Inn near LaGuardia Airport is facing foreclosure, a signal of looming distress for New York’s battered hospitality market. A mezzanine lender tied to Moinian Group is planning a UCC foreclosure sale of the equity interests in the 217-key hotel at 37-10 114th Street in Corona, Queens. The loan has a balance of $7.2 million. The sale is planned for June 7, according to a notice that lists Brock Cannon and Daniel Fromm at

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