Owner: Israel real estate URL:http://israel-realestate.blogspot.com/ Join Date: Tue, 13 Mar 2007 13:05:17 -0500 Rating:0 Site Description: Focused on Real Estate News and Deals from Israel. Site statistics:Click here
Kardan board proposes new dividends policy 2007-05-12 23:44:00 The board of Kardan NV is proposing a new dividend policy for the distribution of 20-30% of profits, beginning with the upcoming dividend for 2006. The board will ask the shareholders to approve the measure at the next meeting.
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Apartments sold and rented 2007-05-12 05:59:00 Ramat Gan: A renovated 80-sq.m. three-room apartment with parking on Had Ness St. was sold for $201,000. A 125-sq.m. four-room apartment with parking on Michael St. was sold for $317,000. A 125-sq.m. four-room apartment on Haim Landau St. was sold for $446,000
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, Apartments sold
Foreign buyers seeking a piece of property push up the prices 2007-05-10 23:49:00 "Israel is becoming one of the players in commercial and real estate markets," said Hillel Suna, general manager of the Jerusalem branch of the Bank of Jerusalem, one of the nation's largest mortgage banks for foreign residents. More...
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, piece
, property
German Colony, Jerusalem house sells for $2.75 million 2007-05-16 10:03:00 Another deal has been signed in Jerusalem
's GermanColony
neighborhood, which is in high demand, particularly among foreign residents. A house slated for preservation was sold for $2.75 million
. The house is located on Ruth Street on a 400-square-meter lot. More...
Bank Hapoalim cuts Africa Israel to Underperform 2007-05-15 01:56:00 Bank Hapoalim's equity research department downgraded AfricaIsrael
to Underperform.Its 12-month price target for the stock is NIS 540, compared with its share price of NIS 498 on the date of the report. Basically, its problem is increasing risk and extreme gains in Africa Israel's share price in Tel Aviv.More...
Mehadrin Q1 results leap thanks to business cycle 2007-05-13 23:14:00 Mehadrin, a subsidiary of Property & Building Corporation, which itself belongs to the IDB group, had a strong first quarter.Yitzhak Tshuva's insurance company The Israel Phoenix Assurance Company also owns a controlling interest in Mehadrin, which engages mainly in agriculture (from the orchard to the packaging plant) and real estate.More...
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Africa Israel buys NYC's Clock Tower 2007-05-18 02:10:00 Africa Israel
Investments Ltd., billionaire Lev Leviev's property company, agreed to buy the clock tower portion of MetLife Inc.'s former New York headquarters for $200 million, its third purchase of a Manhattan landmark in three months. More..
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, Clock
, Tower
Holy City, Unholy Woes 2007-05-20 03:42:00 Young Israelis, because of a dearth of jobs and its expensive real estate market are slowly abandoning the city, among the country’s poorest. At the same time, the steady growth of Palestinian Arab residents has prompted Jerusalem Mayor Uri Lupoliansky to warn that control of the municipality could fall into the hands of Hamas by 2020 More...
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North Tel Aviv real estate prices cooling off 2007-05-23 19:50:00 "People always think prices will rise forever, and they're always wrong," commented one. "At some point, the price rises stop. This is what will happen soon in the new areas of Ramat Aviv: Even if we see additional increases in the short term, they will not be like the hysteria of the last two years." More..
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, cooling off
Azorim sells stake in Ramat Aviv mall 2007-05-27 16:52:00 Shaya Boymelgreen's local real estate company Azorim Investment, Development & Construction (TASE: AZRM) has sold its 11.6% stake in the Ramat Aviv mall, in north Tel Aviv, for NIS 85 million.
TA apartment is stage for truly domestic drama 2007-05-25 21:26:00 It's a play with all the elements of great human drama
: yearning, heartache, perseverance, redemption. At the same time, it tells an archetypal, uniquely Israeli tale, one fully cognizant of the burdens of history and the uncertainties of the future.
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, truly
Africa Israel doubled net profit to NIS 333 million in first quarter 2007-05-29 16:31:00 The reason for the leap is mainly technical: it adopted IFRS, or international financial reporting standards, under which it must reprice its assets according to their current market value. Under Israel
i accounting rules, property companies could book their assets at the original cost, which may be a fraction of their current value.
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, profit
, million
, quarter
Charting Gaydamak vs Leviev 2007-05-31 16:32:00 Investors want to know: which is better, Lev Leviev
's Africa Israel (TASE: AFIL), which has been waning of late, or Arcadi Gaydamak
's recent acquisition, Ocif Investment & Development (TASE: OCIF), quite the darling of late?
Read more:Charting
Shari Arison with Yitzhak Tshuva on Indian real estate 2007-06-08 18:29:00 Banker billionaire Shari Arison is joining forces with energy and property tycoon Yitzhak Tshuva in pursuing real estate opportunities in India. Arison and Tshuva ill be investing about $100 million to start with through a joint company.
Delek Real Estate buying Sahar Development 2007-06-06 18:24:00 The company, run by Ilik Rozenski, says it's paying NIS 213 million in net terms for Sahar, which owns 44,000 square meters in rent-generating assets, mostly in Tel Aviv. It also owns some buildings in Netanya and Haifa, as well as holdings in some companies that own property in Germany.
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, Estate
, Development
, Delek Real
, Delek Real Estate
Elad plans IPO, $2 billion 2007-06-12 19:47:00 JERUSALEM, June 12 (Reuters) - Israeli real-estate company Elad, owner of New York's Plaza Hotel, plans
to float its shares in the United States and to make a $2 billion
U.S. bond offering, Israel's Yedioth Ahronoth newspaper reported on Tuesday.
Sea of galilee west - 28 acres resort land for sale 2007-06-19 01:13:00 For Sale a 28 acres private lot, overlooking the Sea of Galilee (Kineret). The property has the best and the most extensive building rights in the Galilee area. It's the only one with building rights that can be utilized for a number of hotels, motels, resorts,it is located within a beautiful nature reserve surrounded by a forest, enlightening a peaceful environment.Price: 10M $ , for more information : itimar@gmail.com
Foreigners purchase Israeli property at record 2007-06-18 17:34:00 While Israeli
s are investing in income-producing real estate overseas, foreign investors have continued to purchase luxury properties in Israel. Foreign investment in Israeli residential properties and income-producing properties totaled $683 million in January-May 2007, the Bank of Israel reported today. Of this, $209 million worth of property
was purchased in May alone. This represents an annual investment of rate of a record $1.64 billion, compared with $1.44 billion in 2006 and $1.22 billion in 2005.
List of Holocaust victims real estate published on net 2007-06-22 17:34:00 The society for restituting property belonging to victims of the Holocaustpublished
Wednesday a list of 3,500 bank accounts and real estate properties located in Israel, worth over NIS 100 million ($25 million), that belong to Holocaust victims.
Housing developer Nanette Real Estate Group yesterday raised NIS 214 million 2007-06-20 17:59:00 London-listed Nanette, which is controlled by two publicly traded companies Olimpia (34%) and Meshulam Levinstein Contracting & Engineering (19%), together with Lehman Brothers, intends to list the bonds on the Tel Aviv Stock Exchange by the end of August 2008. After registration, the bonds will bear 4.8% annual interest.
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, Estate
, Group
, million
The israel real estate index fell 0.1% 2007-06-24 18:57:00 Elbit Medical had left the index six months ago after its revenues from real estate dropped to under 50% of its total revenues. The share rose 0.1%. The real estate index fell 0.1% for the day, but was up 2.1% for the week.
Akirov to sell Sharon Mall 2007-06-28 19:58:00 British-Israel said today that it would acquire the Sharon
Mall for NIS 344 million, plus VAT and indexation differentials backdated to the Consumer Price Index (CPI) for March, the time that Alrov first disclosed its intention to sell the mall to Financial Levers.
You want to buy real property in Israel. How do you do it? 2007-06-27 02:03:00 There are two main types of property
in Israel
: privately-owned and state-owned, which are treated differently by the law. The main difference is that the title to private land is registered in the land registry under the name of the purchaser. But the buyer cannot gain title to state land: what you get is a long-term lease to the property, usually 49 years with an option to extent for an additional 49 years.
Ahouvi Ravad real estate value triples in five months 2007-07-02 16:31:00 He must have the golden touch, or at least shareholders of Ravad (TASE: RAVD) think he does. In the five months since Egal Ahouvi bought the controlling interest in the real estate company, its market cap in Tel Aviv has more than tripled.
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