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    Lev Leviev

    Chairman
    Africa Israel Investments
    229 W 43rd St #10
    New York, NY 10036
    (212) 205-1400
    Website

    Lev Leviev is the chairman and controlling shareholder of Africa Israel Investments, a conglomerate with global real estate holdings whose shares trade on the Tel Aviv Stock Exchange.

    In April 2007, Leviev acquired the Times Square Building, the old headquarters of The New York Times, $525 million. This investment was followed by others, all at peak prices and using borrowed money. In the ensuring collapse of New York real estate prices prompted by the financial crisis, Leviev infused the firm with his personal wealth to cover the losses.

    Leviev may also be the worlds biggest trader of diamonds. He began working as diamond-cutter when he was a teenager and the diamond industry is where he made his initial fortune. Leviev was born in Uzbekistan and immigrated to Israel with his family in the early 1970s.

    -TA

    • Event Sales
    • Building Name Five Madison Avenue
    • Address 5 Madison Avenue
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 267,000
    • Price $ 200,000,000
    • Price per foot $ 749.06
    notes
    The landmark Clock Tower sold to Lev Leviev's international holding and investment company for $200 million, or $750 per square foot. SL Green had acquired the building in 2005.
    • Event Sales
    • Building Name New York Times Building
    • Address 229 West 43rd Street
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 746,000
    • Price $ 525,000,000
    • Price per foot $ 703.75
    notes
    The Lev Leviev-led investment firm bought the old New York Times building for $525 million, or $704 per square foot. After the Times moves to its new space, the property will be completely vacant, and Africa Israel could spend $170 million on upgrades. Tishman Speyer acquired the building in 2004 for $175 million.
    • Event Sales
    • Building Name The Apthorp
    • Address 2207 Broadway
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Price $ 213,000,000
    notes
    Lev Leviev bought a 50 percent interest in the 445,000-square-foot building from Mann Realty Associates, which purchased the property for $426 million in November. The price equates to $2.4 million per unit. The Apthorp will now be converted to condominiums, though Mann's earlier plans were to continue to operate the building as a rental. More than half of the units are rent-stabilized. Includes 390 West End Avenue.
    • Event Sales
    • Address 14 Wall Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 1,000,000
    • Price $ 325,000,000
    • Price per foot $ 325.00
    • Publication Date 03/01/2007
    • Event Date 01/20/2007
    • Party 1 Lev Leviev's Africa-Israel Investments, Shaya Boymelgreen
    • Party 2 John Zamir, Capstone Equities
    • Party 2 Brokerage Cushman & Wakefield
    notes
    The former Banker's Trust building sold for $325 million, or $325 per square foot. The sellers acquired the property in 2005 for $215 million with plans to convert it to residential use.
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