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
Rentals in Tel Aviv and central region 2007-03-12 08:33:00 Tel Aviv: A two-room apartment on Yehezkel St. was leased for $700 a month. A two-room apartment on Spinoza St. was leased for $630 a month. A two-room apartment on la Guardia St., Yad Eliahu, was leased for $525 a month. A two-room apartment on Lincoln St. was leased for $650 a month (Student Housing Services).
Read more:region
, Rentals
, Tel Aviv
Apartments sold in Tel Aviv 2007-03-12 08:24:00 Tel Aviv: A 260-sq.m. six-room penthouse on Levi Eshkol St., New Ramat Aviv, was sold for $1.16 million. A 150-sq.m. five-room apartment on Borla St., Lamed neighborhood, was sold for $440,000.
Read more:Apartments
, Apartments sold
, Tel Aviv
Rich neighbor, poor neighbor 2007-03-10 10:20:00 Jaffa is indeed an extreme case of acute differences in culture, religion and economic capabilities between new and old residents...Read more
Microsoft to rent 10,000 sqm in Herzliya Pituah 2007-03-06 08:07:00 Microsoft will pay $15-18 per sq.m. per month, depending on the level of finishing, in a five-year lease with eight-year options.. The company also rented 300 parking spaces at $110 per space per month.
Read more:Microsoft
Delek Real Estate in talks to buy into high-tech park 2007-03-04 18:15:00 Delek Real Estate
Ltd. (TASE: DLKR) is negotiating to buy 33-40% of the high-tech industrial park in Hod Hasharon at a value of $50 million from Ashtrom Properties Ltd. (TASE:ASPR) and Mivtach Shamir Holdings Ltd. (TASE:MISH). The return on investment at this price will be 8.5%.
Read more:Delek
, Delek Real
, Delek Real Estate
FAIRE 1 buys 3 lots for NIS 300m 2007-03-03 01:37:00 FAIRE (First American-Israel Real Estate) I Fund has bought three lots in central Israel for NIS 300 million. The fund will build 215 apartments in north Tel Aviv, Ramat Gan and Hod Hasharon.
Changing of the guard in Tel Aviv's Florentin 2007-02-28 19:46:00 Florentin continues to attract young professionals and students, rents in the area have risen dramatically. Ravid started renting her two-bedroom apartment three years ago for $750.
Read more:Changing
, Tel Aviv
A New York-style luxury neighborhood in Israel 2007-02-27 13:02:00 Tzameret Park has attracted more than a few well-known business tycoons and famous personalities such as Benny Steinmetz, Yitzhak Peterburg, Ilan Ben Dov, Eyal Yona, the Sharatzky family and Eli Yatzpan.
Read more:Israel
, New York
Hundreds of 'rich uncles from abroad' 2007-02-23 14:20:00 The invasion of aliens, coming from France, Britain, Belgium and the U.S., has been covered extensively in the press over the last year.
Read more:Hundreds
ILA to build holiday villages in Jasr a-Zarqa 2007-02-19 00:08:00 The Israel Land Administration has presented plans for two holiday villages with 600 rooms a 234-unit neighborhood for the Arab coastal town of Jasr a-Zarqa.
NIS 2b demand for Tagor bonds 2007-02-14 00:59:00 Yesterday’s bond issue by real estate company Tagor Capital Ltd. (TASE:TGCP) was oversubscribed by more than NIS 2 billion. Tagor raised NIS 114 million in an issue of bonds and warrants.Demand in the public tender was 100 times oversubscribed.
Read more:demand
Gaydamak buys Beitar Jerusalem training ground for $30m 2007-02-11 03:53:00 Beitar Jerusalem
football club owner Arcadi Gaydamak
has bought the club’s training ground
in the city’s Bayit Vegan neighborhood for $30 million. However, the club’s management believes that conditions on the deal, including building permits for the site, could ultimately prevent the deal from being closed.
Ben-Zakan buys Arena Mall from Zisser for $130m 2007-02-07 23:36:00 Financial Levers Ltd. (TASE:LVR), controlled by Jackie Ben-Zakan and Avraham Nanikashvili, has bought the Arena Mall at the Herzliya Marina from Elbit Medical Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT) subsidiary Elscint Ltd. for $130 million (NIS 546 million)
Gaydamak negotiating to take over Minrav at NIS 500m value 2007-02-04 20:13:00 Minrav Holdings Ltd. (TASE: MNRV) and chairman and CEO Avraham Kuznitsky today notified the Israel Securities Authority that he was negotiating
to sell the controlling interest in the company to Arcadi Gaydamak
at a company value of NIS 500 million.
ISA confronts Leviev over “doubling value” remark 2007-02-02 03:05:00 The The Israel Securities Authority has asked Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) for clarifications regarding media reports in which the company’s controlling shareholder and chairman Lev Leviev
predicted that it would double in value in 2007.Leviev, who is currently attending the World Economic Forum in Davos, Switzerland, was quoted as saying that a value of $7 billion, double Africa-Israel’s current market cap, by the end of 2007 would be an appropriate target for the company. Africa-Israel soared 7% in heavy trading on the Tel Aviv Stock Exchange (TASE) today following Leviev’s comments, following which the Securities Authority asked the company to publish a clarification of the remarks by tomorrow morning.
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Clal Insurance, Amot buy Petah Tikva building for $19.5m 2007-01-29 22:06:00 IDB Holding Corp. Ltd. (TASE:IDBH) subsidiary Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) and Alony Hetz Property and Investments Ltd. (TASE: ALHE) subsidiary Amot Investments Ltd. (TASE:AMOT) have jointly bought the 14,000-sq.m. Beit Aurec in Petah Tikva for $19.5 million. The building is leased to AIG Israel, 012 Golden Lines, and Golden Channels in long-term leases, and generates a net operating profit of $1.6 million a year for a return on investment of 8.2%.This is the first time that IDB chairman and CEO Nochi Dankner and Alony Hetz chairman and CEO Natan Hetz are collaborating in real estate.
Rising demand for office space pushes rents higher 2007-01-28 17:23:00 The office
space market is recovering quickly after a five-year low, and prices are rebounding to the peak levels of 2000.One extreme example of the this is the deal that Meshulam Levinstein Contracting and Engineering Ltd. is about to sign; Levinstein will lease the top two floors, the 30th and 31st, of the Levinstein Tower (also called Discount Tower) on the corner of Yehuda Halevi and Herzl Streets in Tel Aviv, to two US investment houses, for a record price of $27 per sq.m., per month, the likes of which have not been seen since the heady days of 2000.Read more...http://www.jpost.com/servlet/Satellite?cid=1167467727060&pagename=JPost%2FJPArticle%2FShowFull
Read more:demand
, Rising
Bayside to build 15,000-sqm Herzliya office block for NIS 90m 2007-01-26 07:40:00 IDB Holding Corp. Ltd. (TASE:IDBH) subsidiary Bayside
Land Corp. Ltd.(Gav Yam) (TASE: BYSD1) has decided to expand its office
complex in Herzliya Pituah at an investment of NIS 90 million, not including the cost of the land. The premises are due to be occupied in December 2007.Bayside will construct the 9,500-sq.m. Building 5 and 5,500-sq.m. Building 6 in its office complex. When completed, Bayside’s office complex will cover 85,000 sq.m., including 40,000 sq.m. upper space. Tenants include the Israeli branches of Microsoft Corporation (Nasdaq:MSFT), Eli Lilly & Co. (NYSE:LLY), Pfizer Inc. (NYSE:PFE; LSE:PFZ), Paradigm Geophysical BV, Optibase Ltd. (Nasdaq: OBAS), lawyers and venture capital funds.
Read more:block
Hilton Hotels, Four Seasons Hotel and Kempinski Hotels are planning new hotels in Israel. 2007-01-23 07:02:00 The revival of Israel
’s hotel industry has rekindled developers’ interest. After a long drought that began in the mid-1990s, a number of international chains, including HiltonHotel
s Corp. (NYSE: HLT; HLN), Four Seasons Hotel Inc. (NYSE:FS; TSX:FSH) and Kempinski
Hotels have recently said they were planning
to open more hotels in Israel.In December 2006, the Israel Land Administration (ILA) published a tender for the construction of a 1,000-room hotel in Tiberias, after 15 years during which no hotel has been built in the town. US real estate tycoon Shaya Boymelgreen and Israeli developers are buying existing hotel properties.
Read more:Hilton Hotels
The beginning of a bubble? 2007-01-20 00:58:00 A resident of France was interested in purchasing a Netanya apartment overlooking the sea. The owner was asking $600,000. An assessor came to verify the property value on behalf of the Bank of Jerusalem, in order to approve a mortgage, and determined the apartment was worth only $500,000. When a bank representative informed the buyer, he was unfazed. "I know," he replied, "but a completely outfitted apartment where I don't have to alter a thing is convenient for my trips to Israel."
Resort land for sale in the Sea of Galilee 2007-03-14 09:24:00 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
Read more:Resort
The neighborhood has a say 2007-03-14 08:24:00 Residents have begun an aggressive public and media campaign,they have succeeded in delaying the implementation of jerusalem German Colony plan and have forced the developers to make changes. Read more
Tel Aviv Templar building demolished 2007-03-18 10:12:00 Just when the fascinating history of Tel Aviv
’s 19th century Templar neighborhood of Sarona is being related and its tourist potential is becoming apparent, one of the buildings has been demolished
.
Malibu hopes to raise NIS 120m in TASE IPO 2007-03-20 21:54:00 The company wants to raise
NIS 120 million, including NIS 40 million in shares, at a company value of NIS 160 million. The offering will be on the basis of Malibu
’s financial report for 2006, which means that it will be held by May.
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