NEW YORK--(BUSINESS WIRE)--In Manhattan Supreme Court, after a four-year legal battle, prominent New York City philanthropist and real estate investor, Asher Zamir, founder and chairman, Zamir Equities; and former investment partner, Elyass Eshaghian, arrived at a settlement relating to the leasehold at 587 Fifth Avenue, Manhattan, New York.
“I am grateful this matter is settled, so I can devote more time to my business and family,” said Asher Zamir, after the matter was closed.
Asher Zamir is the founder, chairman and chief executive officer of Zamir Equities. Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm. Currently, Zamir Equities owns and manages cumulative properties in excess of a quarter billion dollars, and 1.4 million square feet. Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927, and listed on the U.S. National Register of Historic Places.