Haute Living Los Angeles March/April 2012
Leviev Blames United States Purchases for his Debts
by Jillian Lobato

Lev Leviev, the billionaire developer whose Africa Israel real estate resume includes huge Miami properties and previous headquarters of the New York Times in New York City, wants to reorganize $2 billion dollars worth of debt. Apparently, his investments in the United States were a “mistake,” as he said in Tel Aviv. He’s now trying to come to a restructuring agreement with creditors and the Israeli government. The Israeli government  is very concerned however, because Africa-Israel bonds make up 0.6 percent of pension savings managed by Israeli financial institutions. Yikes!

Via: The Real Deal

Dec 19, 2009 6:12 PM
Read 44 Times
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