147:, Hager re-established his firm under the Cornell Realty Management name. Taking a more conservative approach to development by partnering with larger players - such as Hudson Realty Capital, Madison Realty Capital and L&L Capital Partners - and using funds raised in the Hasidic community, he has been able to rebuild his business.
124:) in the 2000s. Their real estate development firm, North Development Group, built several high rises in then low-rise North Williamsburg which were very successful. After the death of Lax, Hager had difficulty obtaining financing for legacy obligations of their partnership and filed for
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In the 1990s, he moved to
Willamsburg, where he worked for a packaging equipment company before partnering with diamond trader and real estate developer, Chaim Lax (father of
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231:"Isaac Hager's higher power - The developer is gaining outer borough market share, despite a trail of foreclosures and lawsuits from his early real estate days"
342:"Learning and earning: Hasidic Brooklyn's real estate machers: Investors from ultra-Orthodox sect have spent $ 2.5B+ in 5 areas over past decade: TRD analysis"
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323:"LISTEN: TRD talks Hasidic real estate empire on WNYC: Ultra-Orthodox investors poured $ 2.5B into prime Brooklyn real estate"
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Since 2017, he has faced opposition from activists when he proposed building a 565-unit apartment complex in
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against the project. His company, along with city councilwoman
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that would allow for oversize towers to be built there.
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Isaac "Itzy" Hager was born in the 1970s and belongs to the
361:"Chassidic Developers Dominate Brooklyn Real Estate Scene"
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305:"Controversial Rezoning Argued in Brooklyn Supreme Court"
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in 2009 eventually selling his existing portfolio to
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