JERUSALEM, Israel—One of the largest commercial real estatemortgage brokerages in the United States, Eastern UnionFunding, has opened a new office in Jerusalem. The officewill be led by Tom Eisenman, managing director andan Israeli Defense Force veteran.

Eastern Union Funding spent a year assembling its team inIsrael, a country whose population is buying American realestate at a pace rivaling China and otheroverseas-investing heavy-weights.

“Before this stampede of Israeli real estate players picked up,it didn't make a difference whether our office was one mile away or6,000 miles away. Now it does,” said IraZlotowitz, president of Eastern Union. “We have a clientbase in Israel, actively buying commercial real estate s on U.S.soil, and now we have a team right in their capital which knowsboth markets and economical climates.”

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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.