Mishorim Development
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| Industry | Real estate |
|---|---|
| Founded | 1990 |
| Founder | Gil Blutrich |
| Headquarters | , |
| Owner | Alex Shnaider |
| Website | mishorim |
Mishorim Development Ltd. is an Israeli company that was founded by Gil Blutrich in 1990. The current owner is Alex Shnaider. It is a public company traded at the Tel Aviv Stock Exchange (ticker symbol: MSHR) as of 2021.[1] The company owns many historic sites and buildings in various countries, such as the town of Port McNicoll,[2] Horseshoe Resort,[3] King Edward Hotel, and Skyline Tower in Canada,[4] as well as parts of the SunTrust International Center in Miami, United States.[5][6]
One of Mishorim's main focus areas is the US commercial sector,[7] where it invests in a wide variety of properties in cities such as Miami.[8] In downtown Miami, Mishorim has proposed a mixed-used dual-tower project called Mishorim Towers.[9]
Skyline International Development Inc. is the Canadian division of Mishorim.[10]
Mishorim has also invested in proposed properties such as the Sapphire Tower in Toronto, Canada. The INDX Tower ended up being built instead of the proposed Sapphire Tower.[11] The 51-floor 179 metres (587 ft) INDX Tower was completed in 2016, although it was not as high as the previously planned Sapphire Tower.
Mishorim also operates throughout Israel, where it manages various outdoor centers in suburban areas.[12][13]
History
In 1990, Gil Blutrich founded Mishorim in Israel. On 30 December 2015, Alex Shnaider invested NIS₪39 million in Mishorim Development Ltd., a real estate company controlled by developer Gil Blutrich.[14] As of July 2016, he held 42% of the company.[15] Shnaider is currently the sole holder of controlling interest when an Israeli court ruled in favor of him in August 2020, in a legal lawsuit filed by his past partner Gil Blutrich.[16]
Mishorim owns Skyline Investments, a publicly traded hotel operator, as of 2021.[17]