REAL ESTATE

The owner of US summer camps company Simad Holdings has left those who invested NIS 620 million its bonds in doubt whether they will see their money again.

The houses will likely be replaced by five to six-floor apartment buildings.

A selection of recent real estate deals in Israel including in Tel Aviv, Holon, Yehud, Ashdod, Nahariya and Beersheva.

The 40,000 square meter building was originally planned for Benny Landa’s ill-fated printing company.

YH Dimri sold just nine units in the project in the first quarter, of which four were bought by Dimri family members.

The Tel Aviv-Yafo Municipality has decided not to oppose the cancellation of rights restrictions by the District Committee in the building plan for the city center.

The two companies are in talks on a share-swap deal, and have a 45-day no-shop agreement.

A 177 square meter apartment at 30 Gaza Street in Jerusalem’s Rehavia neighborhood has been bought by foreign residents who plan to immigrate to Israel.

A study by Phoenix Financial finds that lower interest rates will not be enough to make a home purchase attainable for the average Israeli household.

A selection of recent real estate deals in Israel including in Jerusalem, Beer Yaakov, Rosh Ha’ayin, Haifa, Yokneam, and Ofakim.

The financial reports of Israeli residential developers reflect the sluggish market, with some projects even making a loss.

The company is seeking a company valuation of nearly NIS 3 billion, well over double the valuation it received when Phoenix purchased a 20% stake in 2022.

With the Knesset election being brought forward, the tight timetable will not allow the measure to proceed.

The Israeli private intelligence agency is leasing the 19th floor in Discount Tower, in addition to the 26th floor, where it already has its offices.

The two lots, sold by Marius Nacht in one of Tel Aviv’s most expensive neighborhoods, cover 1,500 square meters.

A selection of recent real estate deals in Israel including in Givatayim, Herzliya, Kfar Saba, Kfar Yona, Yokneam Illit, and Netivot.

Despite the sharp rise in April, inflation remains within the Bank of Israel’s annual target range. Home prices have resumed their rise.

Media star and journalist Yaakov Bardugo has sold the 384 square meter duplex on Chen Boulevard.

Despite the holidays last month and the war, NIS 7.94 billion in mortgages was taken.

The Herzliya Magistrates Court has postponed the lottery until August.

The real estate and construction company will reportedly seek to raise NIS 1.5 billion at a company valuation of NIS 7-7.5 billion, before money.

Treasury officials and the Bank of Israel have fiercely criticized the plan to compensate borrowers for the rise in interest rates, but Minister of Finance Bezalel Smotrich has been silent so far.

Estimates are that Reisdor will try to raise about NIS 400 million at a company valuation of NIS 2-2.2 billion, before money.

Bayside will pay NIS 830 million for the land in the heart of Tel Aviv’s business district, which has building rights for 85,000 square meters of space.

A selection of recent real estate deals in Israel including in Beit Shemesh, Bat Yam, Kiryat Ono, Hadera, Zikhron Yaakov, and Kfar Vradim.

Russian-Israeli oligarch Valery Kogan has cut the asking price for his mansion in Caesarea from $260 million to $210 million.

The company, formerly Elad Canada, seeks to raise NIS 300 million at a NIS 1.5 billion valuation.

A selection of recent real estate deals in Israel including in Tel Aviv, Netanya, Petah Tikva, Ness Ziona, Rekhasim, and Ashkelon.

YBOX Real Estate has announced the sale of a 550 square meter penthouse in the Gat Rimon project to a new immigrant from France.

The house is part of the Gedera K project developed by Nahmias Group in the southwest of Gedera.