NBA Store in NYC Falls Behind on $7M of Rent
Joseph Moinian and the NBA Store at 545 Fifth Ave. (Google Maps, iStock) UPDATED, Jan. 15 2020, 4:15 p.m.: Talk about a foul: The NBA Store at 545 Fifth Avenue, which has remained closed throughout the pandemic, now owes $7 million to its landlord, the Moinian Group. The dispute is the basis of a lawsuit, first filed in New York State Supreme Court in June, by the landlord against NBA Media Ventures. At the time the suit was filed, the NBA owed the landlord nearly $1.9 million in back rent. But now, seven months later, that number has spiked to $7 million. While Moinian claims that the store ...
Source: therealdeal.com