NEW YORK CITY-Joseph Moinian, a real estate developer, continues to face legal pressures over 1775 Broadway with the building's lenders and partners since defaulting on the building's $250 million mortgage at the beginning of this year.
The building was then purchased by Related Cos. which sought foreclosure on the property with plans to demolish and construct a larger building in its place. Moinian, in an effort to stop the foreclosure, presented a $258.6 million bank check as repayment for the mortgage. For the full story, go to Crain's New York Business.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
