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Firms Form Alliance to Acquire Retail Centers

HALLANDALE, FL-Isram Realty Holdings joins forces with Fimiani Development to buy class B properties.

By John McCloud | Updated on October 24, 2008

HALLANDALE, FL–Locally based Isram Realty Holdings has appointed real estate executive Shai Moschowits as CEO. The company has also formed a strategic alliance with Boca Raton-based Fimiani Development Corp. to pursue the acquisition and leasing of class B shopping centers throughout the state.

Prior to joining Isram, Moschowits ran Nadlan Realty Ventures LLC, a Hallandale-based company he founded in 2007. A licensed Florida real estate broker, he earlier led the redevelopment of more than 25 retail properties at Boca Raton-based Woolbright Development Inc., directing asset, property and construction management, entitlements, acquisitions and capital structuring. During his tenure at Woolbright, he helped the company grow from $20 million to over $1.5 billion in assets.

Michael Fimiani, founder and president of Fimiani Development, has been named exclusive leasing agent by Isram. Fimiani was a founder and partner at Woolbright, as well as founder of Fimiani Development, which he describes as a boutique development firm focused on creating value by redeveloping retail and commercial real estate projects. In the past he has held positions at the MJ Walters Co., Terranova Corp. and the Sterling Cos. of Palm Beach.

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