TRD Forum: Despite high prices, luxury developers show restraint

Despite astronomical prices and insatiable demand for luxury real estate in Manhattan, developers Joe Moinian and Ziel Feldman see restraint in the market. The founders of the Moinian Group and HFZ Capital spoke at The Real Deal’s New Development Showcase & Forum Tuesday, held at the Metropolitan Pavilion, where they were joined by Alexico Group’s Izak Senbahar and the Marketing Directors’ Adrienne Albert. In a wide-ranging discussion, they weighed in on the prices of penthouses; ... [more]