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| Articles about Tel Aviv |
| Tel Aviv suffers from real estate, tech weakness | | 2008-07-04 13:55:00 | | Late in the trading day, the Tel Aviv Stock Exchange's benchmark TA-25 Index was down 1.41% at 1082.40, and the TA-100 Index shed 1.57% to 984.64.
The Tel-Tech Index of 15 top technology issues lost 3.43% to 220.20, and the Real Estate 15 Index gave up 2.3% to 444.07.
On Thursday, the TA-25 finished 2.17% down. The tumble followed woes on Wall Street Thursday and Friday, when the Dow Jones
| | By: Israel real estate | | |
| | Lebanese minister: Hizbullah believes way to Tel Aviv passes through Beirut | | 2008-05-10 06:38:00 | | "Iran is responsible for what is happening in Lebanon. The subject now is the Iranian attack on Lebanon. They want us to surrender totally without any compensation," Lebanese Sports Minister Ahmed Fatfat said Friday during an interview with the Al-Arabiya television network Friday amid reports that Hizbullah gunmen seized control of large parts of Beirut."Hizbullah has turned from an opposition party into a militia attempting to impose its control. I think Hizbullah believes that the way to Tel Aviv passes through Beirut," he said. Fatfat said Hizbullah Secretary-General Hassan Nasrallah had "taken advantage of the government's decision to outlaw the (Shiite) group's communications network in order to declare war." More... | | By: THE NEW BABYLON TIMES | | |
| | Developers target Tel Aviv area for more office space | | 2008-05-03 02:08:00 | | During the past year there has been a flurry of activity in office real estate. Many developers are starting new projects or busily finishing others. In the Azrieli compound, the new square tower, the last of a trio, is going up. A 70-story office/residential tower is planned where the Elite factory used to be, while more high-rise buildings are being built, or being planned, along the Ayalon highway in the Petah Tikva Industrial Zone and in the Herzliya hi-tech industrial area.But despite the flurry of activity experts believe that by the end of the year there will be a shortage of 400,000 meters of office space in the Tel Aviv metropolitan area.
| | By: Israel real estate | | |
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| Tel Aviv's most expensive flat, a steal at $34 million | | 2008-04-01 00:38:00 | | The elite Tel Aviv real estate market is sailing to unrecognizable heights these days, at least as far as contractors can see.The Gindi Group, which holds construction of the G Tower in central Tel Aviv, recently announced that it would be selling one of its apartments for $34 million - the highest-priced flat in the city.The cost is nearly twice that of Israel's currently highest-priced apartment, purchased by Idan Ofer on Rothschild Boulevard 1 for $17.1 million. AdvertisementThe question now is whether anybody will actually be willing to pay the demanded amount.
| | By: Israel real estate | | |
| | Israel real estate stocks hit 2 year low as credit crisis reaches Tel Aviv | | 2008-03-14 23:09:00 | | The crisis has not ignored Tel Aviv. After chasing real estate stocks blindly in expectation that the party would never end, investors are now scared. The fall of developer Heftsiba last August, and the financial chaos in its wake, had its effect. True, in the real estate sector they never stopped trying to convince us that Heftsiba was a one-off, specific problem - mostly criminal and not economic. But it certainly should have set off a warning light. The Israel Real Estate 15 is now 46% below its record high of last May. Many of the index's firms are now trading at a value below its shareholder equity.
| | By: Israel real estate | | |
| | U.S. Haredim investing heavily in Tel Aviv real estate | | 2008-03-01 03:28:00 | | Tel Aviv Real estate may turn into a bigger market than New York for ultra-Orthodox businessmen seeking capital. This week Tel Aviv investors learned of another bond offering here, of up to NIS 200 million, by Abraham Leser, owner of a real estate group. His associates are quick to distance him from another ultra-Orthodox real estate tycoon: Shaya Boymelgreen. "He isn't like him at all, not colorful and not embroiled [in disputes] like him. He has no ego," said one of his friends.
| | By: Israel real estate | | |
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| | Tel Aviv's Bitzaron and Ramat Israel Real Estate | | 2008-02-12 02:44:00 | | Bitzaron and Ramat Israel were built hastily in the early 1950s to provide housing for Holocaust survivors, mostly from Hungary and Romania, and for families from Yemen. The neighborhood currently has some 5,000 inhabitants. Over the years the area was considered a distressed neighborhood and was not afforded adequate urban development. But about eight years ago the infrastructures were improved and the gentrifiers began to arrive.
| | By: Israel real estate | | |
| | Delek Real Estate buys Tel Aviv and Haifa properties | | 2008-02-05 17:35:00 | | DMR Properties (1995) Ltd., bought a five dunam (1.25-acre) lot on Hamasger Street in Tel Aviv for NIS 64 million. Vitania and DMR will own the lot in equal shares. The lot is zoned for an 18,000-square meter gross space office building. The companies plan to demolish the buildings occupying the site and build the office building. Delek Auto's board has authorized DMR to extend to Vitania a NIS 32 million five-year loan at Prime + 1% interest to buy its share of the lot.
| | By: Israel real estate | | |
| | Global avalanche hits Tel Aviv | | 2008-01-24 01:58:00 | | The Tel Aviv Real Estate 15 Index lost a further 1.23% today, a decline which now leaves it 40% adrift of the high it reached in May 2007. Much has been written about this sector in the past year but as the new year begins, the performance by real estate stocks can be summed up in one word - a bubble. This, however, does not contradict the fact that the current slump in share prices in this sector will probably create quite a few buying opportunities in the future. But that is how it works on the market.
| | By: Israel real estate | | |
| | Property sales in Tel Aviv drop 16% | | 2007-09-27 03:43:00 | | Real estate sales in central Israel and the greater Tel Aviv area were declining, the Central Bureau of Statistics (CBS) said Wednesday. According to CBS data, while some 9,280 new apartments in central Israel have been sold since the beginning of 2007 – a 2.8% rise in comparison with the same period last year – the overall property sales in Tel Aviv have dropped 16%. Some 27% of the apartments sold in central Israel in 2007 were located in the greater Tel Aviv area. Israel's north, south and Jerusalem districts enjoyed an overall rise of 5.5% rise in real estate sales since the beginning of the year, but the majority of sales – 39% – were still made in central Israel.
| | By: Israel real estate | | |
| | Berggruen in talks to buy Ha'argaz lot in Tel Aviv | | 2007-09-09 20:55:00 | | Jewish American billionaire Nicholas Berggruen of Berggruen Holdings has his eye on the former Ha'argaz factory compound in Tel Aviv. Yedioth Ahronoth newspaper reported on Sunday that the businessman, who already holds a number of assets in Israel, plans to purchase the massive lot in central Tel Aviv for the construction of office and high-tech buildings. According to the report however, sources close to the negotiations said talks were put on hold due to disputes over the price.
| | By: Israel real estate | | |
| | | The Tel Aviv real estate stocks opened its trading week positive | | 2007-08-20 01:41:42 | | The TASE had a strong start to the new trading week as expected, thanks to the u-turn on global markets at the end of last week triggered by the US Federal Reserve's board's willingness to help ease the credit crisis in the markets. The leading indices were traded in positive territory from the early hours of the morning, as real estate and second line stocks led the way with a strong upward correction. The real estate sector climbed 3.54%, Leading indices traded up: the TA-25 climbed 1.76% to 1,056.42 points, TA-100 rose 1.88% to 1,026.94 points and the Tel-Tech gained 2.87%.
| | By: Israel real estate | | |
| | Tel Aviv Real Estate 15 Index lost 2.52% Today | | 2007-08-16 01:07:31 | | Worries overseas sent most shares tumbling again, Africa-Israel led the decliners, shedding 2.59% on the back of the continuing weakness in its London-based subsidiary, AFI Development plc (LSE:AFID). The ongoing weakness in real estate stocks also continued to affect the Tel Aviv 75 Index, which fell 2.63% as it continued to be one of the most volatile of the market's indices, due to its substantial exposure to the real estate sector.
| | By: Israel real estate | | |
| | Tel Aviv stock exchange real estate index closed down 6.7% | | 2007-08-05 23:16:00 | | The Tel Aviv Stock Exchange (TASE) opened today following Friday’s sell-off and uncertainty on international markets, especially Wall Street. In addition, the TASE will have to cope with the crisis in the local real estate market caused by the collapse of Heftsiba Building Development & Investments Ltd., which, although not a public company, controls several public companies and is heavily in debt to the banks and other companies. In late trading, the major indices were near their worst points of the day, with the Tel Aviv 25 index closing down 3.69%, the Tel Aviv 100 index down 4.15%, and the Real Estate 15 index down 6.74%.
| | By: Israel real estate | | |
| | The Tel Aviv Stock Exchange fell today | | 2007-07-30 01:31:00 | | Real estate and small-cap stocks led the market down, as investors rushed to distance themselves from the risks as far as possible. The source of the downturn, which is in effect the second massive sell-off this year, originates in the US market
| | By: Israel real estate | | |
| | Tel aviv hotel land for sale | | 2007-07-11 21:30:00 | | Tel aviv hotel land for sale - Price : 15 million $On the coast - 1.5 dunam (1500 square meter ) great sea view and location,thawed for hotel /condo hotel with 2800 square meter building right. For more information: itimar@gmail.com
| | By: Israel real estate | | |
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