Developer Alex Sapir’s Israeli real estate company Sapir Corp. reported a loss of 26 million shekels in the first quarter, the equivalent of roughly $7.2 million. The company’s revenue in the first quarter totaled 23 million shekels, or about $6.4 million, which grew from nearly zero the previous year, Globes, an Israeli financial newspaper, reported. Revenue was up year-over-year because Sapir Corp. bought out partner Gerard Guez’s stake in the NoMo Soho hotel at 9 […]
source https://therealdeal.com/miami/2019/06/03/sapir-corp-posts-7m-loss-in-first-quarter-of-2019/#new_tab
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