REAL ESTATE

The Herzliya Local Planning and Building Committee says there is no adequate infrastructure for the 1,940 homes and commercial and office space that would replace the airport.

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Hod Hasharon, Pardes Hanna-Karkur, and Beersheva.

Average office rent in Tel Aviv rose 4% to NIS 101 per square meter monthly in the second quarter, after falling 11% in 2020.

Tel Aviv District Court judge Hadas Ovadia found that the Tel Aviv-Yafo Municipality's criteria for the project did not amount to illegal discrimination.

The tower is one of two planned for the new industrial and residential zone on the site of Quarry 4.5 in Nesher.

The tower, at 33-37 Hayarkon Street on Tel Aviv's seafront, will contain both a hotel and residential apartments.

The hotel is one of the largest in Eilat. The price is NIS 458 million, or NIS 200 million net of debt.

The parking lot under Tel Aviv's Kikar Atarim was bought by Sefi Tzvieli, a fierce objector to the plan to build 25-floor towers on the beachfront site.

Green Mountain operates three server farms in Norway, with potential for expansion.

Undeterred by the Covid crisis, which provided opportunities, Israel Canada hotels head Reuven Elkes tells "Globes" about the hotels already open and those being built or renovated.

Having completed a first 40-floor tower near the La Guardia Interchange, Vitania is building two more, as high-rise office, hotel and residential developments spread south.

In the shadow of the Kibbutz Galuyot Interchange, Ludwipol is a battleground between residents and real estate developers.