National Issue
To REIT or not to REIT
Alex Sapir, whose family famously sold 11 Madison Avenue in New York for a record $2.6 billion, recently went shopping for real estate. But instead of buying a trophy asset or two, he decided...
Alex Sapir
Alex Sapir is president and CEO of the Sapir Organization, a group of privately and publicly held real estate companies which he runs with his sister, Zina Sapir, since his father’s death in 2014. He is the son of Georgian billionaire Tamir Sapir, who founded the organization.
Alex Sapir Q&A
Why is Alex Sapir significant to the real estate industry?
As CEO of the Sapir Organization Alex Sapir manages the companies’ assets. Among the properties the organization owns are 218 Madison Avenue and MTA headquarters at 2 Broadway. The companies also own a number of luxury hotel condominiums and residential spaces. Since Sapir became CEO he has overseen the sale of 11 Madison to SL Green, the purchase of the Mondrian SoHo, now called the NoMo SoHo, at 9 Crosby Street, and the launch of Sapir Corp. Ltd on the Tel Aviv Stock Exchange. The firm currently has investments in New York and Florida.
Want to know more about Alex Sapir?
Check out our Top Stories below for TRD's most up-to-date coverage of Alex Sapir.
Alex Sapir Top Stories
August 21, 2019—Rotem Rosen wants $103 million from the Sapir family, and he said Alex Sapir has mishandled his late father’s estate.
June 4, 2019—Alex Sapir’s Sapir Corp. reported a loss of roughly $7.2 million in the first quarter of 2019
April 16, 2019—Alex Sapir dropped about $12.7 million on a six-story mansion with its own basement pool at 253 West 18th Street, property records filed Tuesday show.
The Latest
Rotem Rosen wins round in fight with Alex Sapir over Tamir Sapir’s estate
Rotem Rosen has won the most recent courtroom skirmish in the protracted war for more than $100 million of...
Miami
Developer Alex Sapir sells South Florida penthouse for $33M
Alex Sapir’s Sapir Corp. sold the penthouse at its luxury oceanfront condo building in Surfside for $33 million, marking...
Miami
Alex Sapir’s family closes on luxury condos at Sapir’s Miami development
Alex Sapir got a little help from his family. The developer’s mother and sister closed on adjoining units at...
Bondholders approve Sapir Corp debt restructuring
Sapir Corp’s Israeli bondholders have decided that it’s a good idea to give the development firm a few more...
Sapir Corp seeks bondholder approval for $44M debt restructuring
Another U.S. developer with bonds in Israel is facing a coronavirus cash flow crunch, and is seeking bondholder approval...
The Sapir & Rosen feud: Theft and betrayal at a family real estate empire
Trust betrayed. Contracts breached. Family exploited. Relationship destroyed. The bitter feud that has been playing out between two former...
Sapir Corp goes private as shareholders approve buyout
Sapir Corp.’s Israeli shareholders have approved Alex Sapir’s proposal to take his real estate investment firm private — at...
National
Alex Sapir wants to take his firm private. This could be the right time
Alex Sapir has another chance to do something he failed to pull off three years ago — seize greater...
Miami
Alex Sapir will rent out units at struggling luxury condo project in Miami
The Sapir Corp. is hoping to attract renters to its luxury condo building in Surfside. Alex Sapir’s company filed...