REAL ESTATE

The two groups will pay NIS 250 million for the lot which has rights for a 19-floor hotel and apartment building.

Net profit rose 42% to NIS 369 million in the first quarter of 2019.

Ceragon will pay NIS 5 million a year for 6,000 square meters, with two five-year extension options.

In years gone by some homes in the Red Sea resort sold for around NIS 10 million but last year there were only three deals of NIS 4 million or more.

In the footsteps of Decathlon, Intersport is in talks to open sports goods stores in Azrieli Group's malls in Israel.

20 people have been killed and 70 injured in building site accidents in Israel since the start of the year.

A selection of recent real estate deals in Israel including in Netanya, Bat Yam, Ashdod and Harish.

One hour of parking in the Azrieli Center parking lot will cost NIS 16 instead of NIS 15.

Inflation was 1.3% in the past 12 months, while due to the latest rise housing prices rose 0.5% in the past 12 months, Israel's Central Bureau of Statistics reports.

The IKEA Israel controlling shareholder is selling his Manhattan home and is expected to move to Israel.

The luxury housing market in Tel Aviv's southern neighbor has been growing in leaps and bounds.

The Tel Aviv lot is zoned for construction of a building with 10 apartments and a commercial façade.

The number of new housing units sold since the low point reached in March 2018 has been upwards, the Central Bureau of Statistics reports.

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Bat Yam and Kiryat Tivon.

Companies managing large buildings need a solution for hundreds of bicycles.

Elsztain will remain in the position until a permanent replacement is found for Segi Eitan.

The District Planning and Building Commission validated a plan for two office towers, one residential tower, and 350 student dormitory rooms.

One house in the city was sold for over NIS 20 million this year, but that was the only luxury deal there.

Increasing housing supply in low demand locations won't cut prices when there is a shortage of housing in Tel Aviv and Jerusalem.

DLA Piper Co-Chair Global Real Estate Jay Epstien says that server farms have similar characteristics to income producing property.