Richard Marin , former chief executive officer of Africa Israel USA , sued the company and its Israel- based parent, saying he was fired after uncovering “serious instances of self-dealing and conflict of interest.”
Africa Israel Properties Ltd. advanced to the highest in almost two years after the real estate developer said it is seeking to raise debt, boosting investor bets about the company’s project financing abilities.
Africa Israel USA, billionaire Lev Leviev’s U.S. real estate unit, agreed to sell 88 Leonard, a luxury apartment building in Manhattan’s TriBeCa neighborhood, in a deal the company values at about $222 million.
Africa-Israel Investments Ltd., the holding company owned by billionaire Lev Leviev, headed for a record low after quarterly losses at its property unit widened and a U.S. unit lost control of a Manhattan apartment building.
Africa-Israel Investments Ltd., billionaire Lev Leviev’s holding company, fell to the lowest close in almost a week in Tel Aviv, after talks to sell the Clock Tower Building in New York ended without an agreement.