Los Angeles Mogul's Rise from Struggle: How a Syrian Refugee Became a Real Estate Powerhouse and Funder of a Massive Jewish Center
In a remarkable rags-to-riches story, Alon Abady, 55, has transformed himself from a struggling Syrian refugee to one of the most powerful real estate moguls in Los Angeles. After settling in California with his family from Damascus in the 1970s, Abady's journey began as an agent at UCLA, where he learned the business of real estate firsthand.
Decades later, Abady's reputation for high-stakes deals has solidified, including a $35 million purchase of a vacant Century City office building that is now worth an estimated $103 million. He recently donated the property to develop it into a massive Chabad Campus for Jewish Life, offering educational and other services to the community.
Abady's success story is one of perseverance and faith. As a Syrian refugee, he faced significant challenges in his new life in America. However, he credits the LA Chabad community, which supported his family when they arrived in the US, with helping him build a stronger sense of purpose.
Through his business empire, Abady has become synonymous with high-value deals, having peddled posh homes to celebrities like Justin and Hailey Bieber and acquired properties including Simon Cowell's former Beverly Hills spread. Yet, despite his proximity to fame, he remains discreet, preferring off-market moves and private relationships.
Abady's recent property donation serves as a testament to his commitment to the Jewish community and his personal values. As he said in a statement, "When my family immigrated to Los Angeles in the 1970s, Chabad was there for us. That was never forgotten." This gesture not only honors his parents and children but also underscores his lifelong dream of giving back to the community that has supported him.
Abady's remarkable story is a testament to the power of resilience and faith. From struggling refugee to real estate mogul and philanthropist, he continues to make waves in Los Angeles' high-stakes world while staying true to his values and roots.
In a remarkable rags-to-riches story, Alon Abady, 55, has transformed himself from a struggling Syrian refugee to one of the most powerful real estate moguls in Los Angeles. After settling in California with his family from Damascus in the 1970s, Abady's journey began as an agent at UCLA, where he learned the business of real estate firsthand.
Decades later, Abady's reputation for high-stakes deals has solidified, including a $35 million purchase of a vacant Century City office building that is now worth an estimated $103 million. He recently donated the property to develop it into a massive Chabad Campus for Jewish Life, offering educational and other services to the community.
Abady's success story is one of perseverance and faith. As a Syrian refugee, he faced significant challenges in his new life in America. However, he credits the LA Chabad community, which supported his family when they arrived in the US, with helping him build a stronger sense of purpose.
Through his business empire, Abady has become synonymous with high-value deals, having peddled posh homes to celebrities like Justin and Hailey Bieber and acquired properties including Simon Cowell's former Beverly Hills spread. Yet, despite his proximity to fame, he remains discreet, preferring off-market moves and private relationships.
Abady's recent property donation serves as a testament to his commitment to the Jewish community and his personal values. As he said in a statement, "When my family immigrated to Los Angeles in the 1970s, Chabad was there for us. That was never forgotten." This gesture not only honors his parents and children but also underscores his lifelong dream of giving back to the community that has supported him.
Abady's remarkable story is a testament to the power of resilience and faith. From struggling refugee to real estate mogul and philanthropist, he continues to make waves in Los Angeles' high-stakes world while staying true to his values and roots.