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Joanna Stromze explores the streets of Tel Aviv while discovering the best real estate deals
2011-11-30 03:20:00
With Tel Aviv’s population increasing rapidly, the ‘Garden City’ grew quickly throughout the 1930′s and 40′s. With its lovely white Bauhaus buildings (designed by German immigrants), the Old North’s unique urban architecture was recognized by UNESCO and declared as a world heritage site.Its main streets are easily recognizable – Dizengoff, Ben Yehuda, Nordau Blvd., Jabotinsky, Arlozorov, Ben Gurion Blvd. and Gordon; with Ibn Gvirol to the east, the HaYarkon river to the north, the shoreline to the west and Frishman to the south.The streets of the old north are vibrant and exciting, filled with young professionals, couples and families. This northern neighborhood has the best of what Tel Aviv has to offer; cafés, restaurants, bars, night life, and beaches (like the famous Mez ...
 
Hotel Land for sale in the West-North Sea of ​​Galilee
2011-11-13 12:16:00
11/11/2011Privet Land for sale in the North-West Sea of ​​Galilee, with plans and building rights to build two big hotels with 500 rooms and a world Christian spiritual center. All the rooms will have an open sea view, it is particularly suitable as a community center for the Evangelical Community, Place for celebrating their faith in the Holy Land.Price - $ 6 millionYou can leave a message in NY - (646) 499-6931Or send an email to - itimar@gmail.com ...
 
Tel Aviv's former Templer community demanded compensation for a real-estate project erected on land once owned by his family
2011-07-01 22:57:00
Last month, the High Court of Justice ruled on one of the most fraught and explosive real-estate petitions it has deliberated in the past decade. For seven years, the court discussed a suit by Helmut Georg Laemmle, an Australian descendant of the German Templers, demanding compensation of about NIS 1 million from the city of Tel Aviv for lands on which the two towers constituting the Weizmann Center were built. The center, which is situated within the Ichilov Hospital compound, contains a mall offices, clinics, a convalescent home for new mothers, assisted living units and a business and commercial center that serves hospital patients, employees and the general public. However, the subject of the suit was not the towers, but rather the plot of land on which they were erected. The plot was ...
 
Tel Aviv Property Pangaea Real Estate
2011-06-30 12:46:00
Pangaea Real Estate Ltd. (PNGD) climbed the most in more than a week after the property developer and its partners agreed to buy land in Tel Aviv property to build a residential and commercial project.The shares gained 6.6 percent, the most since June 6, to 0.835 shekel at the 4:30 p.m. close in Tel Aviv, giving the Herzliya, Israel-based company a market value of 116.7 million shekels ($34.1 million).Pangaea and partners including Electra Real Estate Ltd. (ELCRE) agreed to pay 530 million shekels to Tnuva Food Industries Agricultural Co-Op in Israel Ltd. for the property. Electra rose less than 0.1 percent to 20.11 shekels. ...
 
Sleepy Israeli town to construct replica of Italian neighborhood
2011-06-30 12:29:00
Israel property Many thousands of kilometers to the west, Israel launched its own project in architectural replication this week: the Bella Lugano quarter in Yehud. Inspired by the the Italian-speaking section of this Swiss city, it is the brainchild of Mayor Yossi Ben David, who became well acquainted with Italy while working in his previous job in textiles.Israel real estate The old center of Yehud is built on the ruins of the Arab village of Yehudia and suffers from many of the syndromes that typically afflict downtown areas in Israel. It is outdated and neglected, and hard-pressed to compete with the successful mall that opened a few years ago in nearby Kiryat Savionim. All attempts to resuscitate it, including establishing a pedestrian mall, have failed.As part of the renewal project ...
 
Israel's wealthiest man, who died Thursday aged 89, has been in the spotlight since the U.S. accused his company of docking ships in Iran
2011-06-05 12:45:00
Ofer found himself in the spotlight two weeks ago after the U.S. State Department accused one of his shipping companies of doing business with Iran, thus violating sanctions. The Ofer Brothers Group has denied any wrongdoing.Though Ofer's personal wealth is difficult to estimate, in 2011 Forbes put the figure at $10.3 billion, making him the 79th wealthiest person in the world and the wealthiest man in Israel. TheMarker estimated $4.85 billion.Ofer was a businessman and shipping magnate, who had many dealings with the Israeli government. He had built up his shipping empire over the past 50 years, and used his profits to buy control of Bank Mizrahi-Tefahot and the Israel Corporation. He ran multiple venues, including the Dead Sea Works, Zim shipping company and oil refineries.Ofer's main re...
 
Israel’s Elbit Imaging to invest $500 mn in Indian realty
2011-05-18 08:54:00
Israeli conglomerate Elbit Imaging Ltd and its subsidiary Plaza Centers NV are making fresh investments of at least $500 million (Rs.2,235 crore) to develop real estate projects in India.The Tel Aviv-based company is globally known for developing shopping malls, having built 84 centres in Europe, the US and Israel.In India, it is looking to build a diversified real estate portfolio, including residential and office spaces besides shopping malls.Elbit Plaza India Management Services Pvt. Ltd is close to signing its first residential, joint development project in Thiruvananthapuram on an 11-acre land. It will develop the project together with Pune-based Panchshil Realty and a local builder.Property analysts say India is the foremost emerging property market along with China and Brazil. But m...
 
Gazit-Globe Real Estate - NYSE offering
2011-05-14 08:24:00
Gazit-Globe has already approached several US investment banks to accompany the strategic move to improve the company's financial flexibility.Gazit-Globe is an income-producing real estate company that operates in Israel, North America, and Europe. The company has 662 properties, which generate NIS 5.6 billion in annual turnover. The properties include 610 commercial centers, 12 centers under development, 15 assisted living facilities (with 1,650 housing units), and 15 office buildings. ...
 
Stanley Fischer is dealing with demand for real estate
2011-05-08 14:45:00
Fischer, in contrast, has the power to immediately affect real estate, because he has the power to impose on the banks directives about mortgages and financing from one day to the next. Fischer is trying to cool demand and take effective action, whereas Atias and Yishai throw out declarations.This is a paradox, since Atias and Yishai are the men with real power to change something with regard to home prices. They are responsible for the supply side - Yishai through planning and Atias through marketing by the Israel Land Administration.There is no dispute that only a massive effort on the supply side - improving procedures by the planning and building commissions and increasing the ability to market land - only these measures can really lower home prices. But Fischer steals the show, as if ...
 
Not all overseas buyers of Israeli property are millionaires
2011-05-04 06:47:00
Demand for local real estate from overseas buyers is growing anew as Jews from the US, the UK, the CIS and other countries are busy buying property. Many of them buy property at the very high end of the market -- apartments of more than $1 million At these times, overseas buyers have more modest needs; and since money is less plentiful than it was two or three years ago, these buyers might need financial help. In real estate terms, that means a mortgage.Not all overseas buyers of Israeli property are millionaires, and the properties they buy are adapted to their level of income and the depth of their pockets. Some of the potential overseas buyers of local real estate have the necessary funds to purchase a property outright, but others don’t want to see their money tied to brick and morta ...
 
 
 
 
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