Boymelgreen "returns home" - to Manhattan

"Unless I get an offer I can't refuse, I would like to concentrate now in Manhattan."

"I'm back in town," Mr. Boymelgreen told "The New York Observer" on July 12, in what he said was his first interview with a reporter in three years.

"The New York Observer" added, "Not only is Boymelgreen back in town - he is back in business. The Lubavitcher developer has leased an office in a midrange skyscraper on Broad Street. And he is scouting New York for new development opportunities."

Boymelgreen told the paper, "We have a few, I would say, institutions and private institutions behind us, from the US and Israel. Unless I get an offer I can't refuse, I would like to concentrate now in Manhattan. I believe this is now the opportunity and the time."

In Israel, Boymelgreen is the controlling shareholder in Azorim Investment, Development and Construction Ltd. (TASE: AZRM).

Published by Globes [online], Israel business news - www.globes-online.com - on July 14, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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