The Moinian Group announced today that it has made a significant new hire, bringing in respected industry veteran Theodore Koltis as the developer’s new executive vice president of commercial leasing for the firm’s entire commercial real estate portfolio. The Moinian Group currently operates more than 20 million square feet of office and retail properties in New York City, Los Angeles, and Dallas.
Throughout his 25-year career, Koltis has represented landlords and tenants, having arranged or advised on more than 30 million square feet of real estate transactions valued in excess of $10.5 billion.
“The Moinian Group has been a valued client and one of the most dynamic, well-funded property owner/developers in the country with a tremendous portfolio and sophisticated grasp of the industry,” Koltis said. “With the market slowly coming back and the slate of projects in The Moinian Group’s pipeline, I am absolutely thrilled to be making this transition to join Joe Moinian and his team.”
“Ted Koltis is a top-tier real estate professional who will help take our commercial real estate leasing program to the next level and attract additional talent,” said The Moinian Group’s Principal Mitchell Moinian. “Ted’s leadership and track record on the ownership side sends a signal to the market that we are coming out of this pandemic stronger than ever.”
Most recently Koltis was President of Colliers International’s Eastern Region Agency & Consulting Practice. His primary focus was on building the company’s landlord agency practice and consulting group in the New York/Tri-State region, with similar responsibilities in other major markets between Boston and Washington, D.C.
Koltis began his real estate career in CBRE’s Consulting Department, where he worked on more than 5 million square feet of complex headquarter-level transactions. He left CBRE to build a consulting practice at Tishman Realty and Construction, representing more than 2 million square feet of headquarters transactions before moving over to the ownership side of the business.
Koltis then spent eight years at Tishman Speyer as Managing Director, overseeing 11.5 million square feet of office space in the New York region, including several world-renowned properties like the iconic Rockefeller Center.
He left Tishman Speyer in 2010 to join Paramount Group as Executive Vice President, ultimately responsible for more than 15 million square feet of office and retail space across multiple markets. In addition to building the company’s reputation and experiencing leasing success in New York City, he was instrumental in growing Paramount’s portfolio in San Francisco and Washington D.C. Koltis was a key member of the executive team that brought the company public and subsequent to its listing raised the portfolio to almost full occupancy across all three markets.
Koltis earned a Bachelor of Science from Cornell University and an MBA from Columbia Business School.
Koltis joins The Moinian Group at a time where it has several high-profile commercial properties in its portfolio, including: 3 Hudson Boulevard, the 1.9 million-sf office tower under development in the heart of the Hudson Yards District with JV partner Boston Properties; The Moinian Group’s headquarters building at 3 Columbus Circle; the under-construction Hudson Arts Building at 220 11th Avenue; 535-545 West 45th Street, all in New York; as well as the International Jewelry Center in Los Angeles; and Renaissance Tower in Dallas; among others.
About The Moinian Group
Founded by Joseph Moinian, The Moinian Group today owns and operates a diversified portfolio of assets across the United States and is among the only national real estate entities to develop, own and operate properties across every asset category, including office, hotel, retail, condos and rental apartments. The Moinian Group’s holdings include high-profile assets in America’s leading cities, including New York, Dallas and Los Angeles. For the past three decades, The Moinian Group has been a pioneer in the development of emerging areas of New York City such as Downtown and West Side of Manhattan, developing commercial, residential and mixed-use projects that combine luxury living, modern office space and high quality retail. The Moinian Group maintains a reputation for developing state-of-the-art, aesthetically distinguished properties as the firm continues to strive for excellence. More information on the Moinian Group and its portfolio can be found at www.moinian.com.
Marino – Account Director