NEW YORK—Tamir Kazaz, who until recently served as CEO of Africa Israel USA (AFI USA), is launching Clal US, a wholly-owned subsidiary of Clal Insurance.
As CEO of this newly created division, Kazaz will develop a strategy for identifying and acquiring premier properties in leading U.S. markets.
With broad expertise in real estate financing, investment, development, asset management and leasing, Kazaz will focus on building and managing the company's portfolio of U.S. assets. Clal US – which has allocated more than $1 billion in funding for its initial acquisition phase – has already made its first push into the U.S. market with the purchase of 49% of One South Wacker, a 40-story commercial skyscraper in Chicago with 1.2 million square feet of office space.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
