Wednesday, April 18, 2012

Central Florida’s ESO Equity Group

Founded in 2005 and based in Cocoa Beach, Florida, ESO Equity Group develops commercial and residential properties, engages in condominium conversions, and manages income-producing properties. Led by President and Chairman Ori Tal, an investor with international experience in corporate and real estate law, the firm converted one million square feet of Central Florida commercial and residential property in five years, including more than 750 condominium units. The company of investor and developer Giuseppe Conoscenti acts as Project Manager for ESO Equity Group, and Maria Viera serves as Financial Administrator.

ESO’s recent commercial projects include the Seacrest Building, an office complex; and the Executive Tower & Plaza, both in Cocoa Beach. The latter facility, a $2 million Mediterranean-style renovation of the former Galleria, will include a 25,000-square-foot Class A office tower and close to 18,000 square feet of upscale retail space with niche boutiques. The ESO Equity Group’s Central Florida residential projects range from the 16-unit Bluewave Condominiums in Satellite Beach; and Millennium Palms, a component of an Orlando master-planned community, to the 24-unit Fairway Apartments, fully renovated two-bedroom, two-bath units situated on a golf course in Daytona Beach. Other residential units include Seaclub Condominiums, one block from the ocean; and Royal Oak Patio Homes in Titusville.

Ori Tal, who earned a Bachelor of Economics and Law at the University of Haifa in Israel, completed Israeli Naval Academy officer training with honors and served as a Lieutenant in the Israeli Navy Reserve. In addition to managing the holding company, he oversees transactions and implements partnerships. Under his able guidance, the company has improved properties significantly and raised occupancy rates dramatically. Sharing his firm’s considerable success, Mr. Tal supports Ezer Mizion, an Israeli health-support organization; and the National Breast Cancer Foundation, Inc.

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