Alex Sapir
Alex Sapir is an American real estate developer, investor, and president and CEO of the Sapir Organization.
Career
In 2006, Alex Sapir became CEO of The Sapir Organization. It is a real estate owner, operator, and developer pioneered by his late father, Tamir Sapir. That same year, he partnered with André Balaz to develop 15 William Street and collaborated with the Trump Organization to build Trump SoHo at 246 Spring Street. In 2010, Trump Soho opened as the first five-star hotel in downtown New York City.In 2014, Alex Sapir acquired Sapir Corp Ltd, a company focused on real estate development and new construction. As president, he oversees over 1.7 million square feet of real estate, including projects such as Arte Surfside, Nomo Soho Hotel, and Miami 18. In 2014, Alex Sapir managed the repositioning of 11 Madison Avenue, a 2.3 million square foot building originally purchased by his father for $675 million. The property attracted major tenants such as Sony, William Morris Endeavor, and Yelp, diversifying its tenant roster.
In 2015, Alex brokered the sale of the property to SL Green for $2.6 billion, marking the largest single building sale in U.S. history.
In 2018, he purchased a home in the Venetian Islands for $17 million.
In May 2020, Alex Sapir submitted an offer to purchase approximately 13.29% of Sapir Corp.'s stock, valued at approximately $4.3 million, to take the company private. This move was considered strategic amid the pandemic's impact on stock prices and stock prices. Sapir, along with his partner Gerard Guez, already controlled the majority of the company.
In December 2020, Alex Sapir's development company sold the Arte by Antonio Citterio luxury penthouse in Surfside for $33 million, setting a new record for the area at $4,300 per square foot. In January 2022, Alex announced a successful sale of 16 luxury residences for $225 million, breaking numerous records. In December 2022, Alex refinanced its office properties at 260 and 261 Madison for $326 million, making it one of the few largest office financings during the COVID era.
In February 2025, Alex Sapir's company replaced Highgate Hotels with Crescent Hotel Management to operate the NoMo Soho hotel in New York City. This change, which became effective on March 15, was intended to improve service and reduce management fees, as Crescent would initially charge 1.5% compared to Highgate's 3%.