Former Africa Israel USA chief executive Rotem Rosen has been named
president of Polar USA/HFZ Capital, The Real Deal has learned. Polar is a unit of Israel-based Polar-ZSG Group, a partnership formed
by real estate investors Ziel Feldman, Tamir Sapir and Giron
Development & Building Ltd., to buy distressed real estate. Rosen left Lev Leviev’s Africa Israel earlier this year amid increasing
turmoil involving the Israeli billionaire’s global real estate
holdings, which include the Apthorp, the controversial condominium
conversion at 390 West End Avenue, and 20 Pine Street, a condo where
Africa Israel wrested control from former partner Shaya Boymelgreen. [more]