The group bought Beit Mizpeh in Jerusalem for $4.8 million a few weeks ago.
The group of developers headed by Yair Rabinovitch CPA is continuing its real estate purchasing campaign. The group recently concluded a deal to buy a 1,000-sq.m. supermarket in Ramat Eshkol, Jerusalem, for $2.2 million. The developers have already established a company to buy the property.
The group, with an additional partner, bought the 1,200-sq.m. Beit Mizpeh in Jerusalem from Baranowitz A.Z. and Sons for $4.8 million a few weeks ago.
The Rabinovitch group, with a varied composition of partners, has bought in the past a commercial center in Ramat Aviv Gimmel, Tel Aviv, and office buildings. The group has lately become one of the most active private entities in the real estate market.
Published by Globes [online] - www.globes.co.il - on January 19, 2003