X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Joe Moinian and Related Companies have entered into a legal battle over Moinian’s redevelopment of the art deco office building located at 1775 Broadway.

Moinian has taken $250 million on the redevelopment project from Related. Related is trying to foreclose on the asset and has plans to build a Nordstroms store in the location after razing the existing tower. The court will decide whether Moinian has to pay $310 million or $250 million. For the full story, go to New York Observer.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.