Alex Sapir is the President and CEO of The Sapir Organization. He is the successor to his late father, Tamir Sapir, founder of The Sapir Organization. During his career, Alex has overseen the entirety of the firm’s growth across more than $7B worth of portfolio assets. His responsibilities have included the acquisition, development, execution, and exit of major ventures across multiple asset classes, including commercial office, residential condominium, multi-family, and hospitality. Alex Sapir's remarkable success in the real estate industry is exemplified by his ventures with iconic properties such as 11 Madison, Arte Surfside, and Nomo Soho. With a keen eye for prime locations and an acute business sense, Sapir transformed these spaces into architectural and cultural landmarks.
Among his many successful initiatives, repositioning the company’s flagship holding at 11 Madison Avenue stands as a signature achievement. At more than 2.3M square feet and spanning an entire city block, Tamir Sapir purchased the building for $675M. Under Alex’s leadership, the property, previously occupied predominantly by Credit Suisse, was transformed to include Sony, William Morris Endeavor, and Yelp. Now containing a further diversified and world-class tenant roster culminating with the renewal of Credit Suisse, in 2015 Alex presided over the final sale of the property to SL Green for $2.6B, which would become the largest individual building sale in American history.
In 2014, Alex acquired Sapir Corp Ltd, a public reporting enterprise focused on ground-up development, new construction, and value-add opportunities. He serves as Chairman of the Board, and the company currently has more than 1.7M square feet of real estate, including Arte Surfside. The Nomo Soho Hotel and Miami 18. He employs an engaged leadership paradigm involving his participation in all business initiatives and the dedicated servicing of numerous partnerships while pursuing a consistent program of innovative design and architecture for all projects.
Under Alex’s vision and direction, Arte Surfside successfully attracted the most discerning luxury buyers in the world. With many hailing from the U.S. Northeast, the project was recognized globally for setting impressive new sales records, including executing a cryptocurrency penthouse transaction. At around $3,000 per square foot, Arte achieved the highest blended price per foot and the highest average cost per unit that has closed to date in any new development recorded in Miami Dade County and arguably Florida. Furthermore, with almost $225 million in total sales, Arte holds the highest gross sale price for a new boutique development in Miami. Alex plans to expand the exclusive Arte brand with projects in negotiations in the U.S., Europe, and the Middle East.
Alex continues the strong legacy of philanthropy started by his father and supports numerous charitable causes. His involvement and collaborations include the Make-a-Wish Foundation, where he created the Tamir Sapir Basketball Fund, St Jude Children’s Hospital, The American Cancer Society, the Western Wall Heritage Foundation, and Shaare Zedek Medical Center in Jerusalem.
