Joseph Moinian

Joseph Moinian (born February 25, 1954) is the Founder and CEO of the Moinian Group.

Moinian's first business venture was the founding of the ladies' apparel company Billy Jack for Her. In 1982, he founded The Moinian Group and started to purchase loft buildings in Manhattan. In 1999, he purchased the art deco 1775 Broadway from Lester Weindling for $130 million. He quickly renovated it wrapping the building in glass. In 2004, he was an investor, taking a 25% stake, in a group that purchased the 110-story Sears Tower in Chicago for $840 million with partners Lloyd Goldman, Joseph Chetrit, and Jeffrey Feil, eventually changing the name to the Willis Tower in 2009. Between 2005 and 2007, he expanded his portfolio taking advantage of the willingness of banks to lend at the time, financing the transactions with interest-only loans and very little of his own money. In 2010, he completed the 57 story W New York Downtown Hotel and Residences. Moinian is working to develop a new 66-story, 1,700,000 square feet (160,000 m) building named 3 Hudson Boulevard in the Hudson Yards Redevelopment Project. In 2007, Moinian acquired 550 South Hill Street, an International Jewelry Center in Downtown, Los Angeles for $144 million. In 2006, Moinian acquired a 4.5 acre property across the street from Staples Center in Downtown, Los Angeles for $80 million from Anschutz Entertainment Group and then sold it in 2013 for $180 million to Beijing-based property developer Oceanwide Holdings.