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Joseph Moinian

Iranian-born American real estate developer From Wikipedia, the free encyclopedia

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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.

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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

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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]

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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]

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Personal life

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

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]

References

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