Background
Moinian was born in Teheran to a Iranian Jewish family, the son of Ayoub Moinian and Sara Moinian. His father was also a real estate developer.
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Joseph Moinian
Edit ProfileCareer
He immigrated to the United States at the age of 17. In 1982, Moinian founded the ladies’ apparel company Billy Jack for Her. In 1990, he founded the Moinian Group to invest in real estate, leveraging his earnings from his apparel company 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. 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 West New York Downtown Hotel and Residences. Moinian is working to develop a new 66-story, 1,700,000 square feet (160,000 m2) 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 Real Estate Group Company
