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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.

Moschowits says the newly formed alliance will help accelerate Isram’s growth by merging the two businesses’ expertise and contacts to create greater efficiencies. He says the partnership is seeking well-located retail centers that present long-term, value-added opportunities through enhanced leasing, redevelopment and intensive management.

“Together our companies have the institutional knowledge, business relationships and development, leasing and acquisition experience to grow an impressive class B portfolio,” says Fimiani. “Right now we are actively pursuing these types of properties in Florida.”

Isram Realty currently owns, leases and manages 1.5 million sf of neighborhood and community shopping centers throughout Florida at locations in Naples, Tampa, Bradenton, Jacksonville, Orlando and Merritt Island. The company, which was founded in 1995 by Shaul Rikman, also has a large portfolio of multifamily properties throughout the state.

Fimiani has a portfolio of 12 existing and planned retail centers totaling more than one million sf in the Bradenton/Sarasota area, Jacksonville, Merritt Island, Naples, Orlando and Tampa/St. Petersburg. The corporation also has a 5,000-sf office development project, Cloister Court, in Boca Raton.

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