Israel most expensive streets - Arsuf: Millionaires on a clifftop facing the sea

What is it that makes the current high-end real estate market different? First of all, prices have increased by hundreds of percentage points. Until a few years ago, the Israeli real estate market did not witness $10 million deals. It is true that such transactions are still uncommon, but they do exist.

Bezeq Int’l rents 9,500 sqm at $9 per sqm in Petah Tikva

Bezeq International Ltd. has rented 9,500 sq.m. in Petah Tikva at $9 per sq.m. in an eight-year lease with an eight-year option to extend. The company has rented half of the 19,000-sq.m. Beit Ram that Marzevit Building Center 1996 Ltd. is building in Ramat Sib.

Industrial Building profit up 80%

The company posted NIS 526 million revenue in January-September, compared with NIS 246 million for the corresponding period.

Gaydamak buys old Russian Embassy building for $9m

The Russian Embassy was built in 1924 and designed by architect Yehuda Magidovich for the Levin family, one of Tel Aviv wealthiest families at the time. After changes in ownership, it became the Embassy of the USSR after Israel’s independence in 1948. The property has been unoccupied since the Russian Embassy moved to Ramat Gan.

The expansion of the Jerusalem corridor

While the young, educated and secular are abandoning Jerusalem and the debate continues as to the practicability of the Moshe Safdie plan for solving the capital's demographic and real estate problems, the demand for properties in the rural communities just west of the city remains stable and high. Realtors in the area report its small real estate markets are succeeding where the big Jerusalem market failed - in attracting demand even from residents of the Tel Aviv area.

Delek Auto, Clal Insurance negotiating $80m logistics center

A Delek Automotive subsidiary rents the 65-dunam (16.25-acre) lot, east of Tel Aviv, across the highway from Zerifin, on which the logistics center is located in a lease through 2045. The company also has an adjacent 68-dunam (17.5-acre) lot, currently zoned for agriculture, but parts of which are likely to be expropriated for access roads.

Apartments sold and rented

Tel Aviv: A 90-sq.m. three-room apartment with parking on Marc Chagall St. was sold for $350,000. A 122-sq.m. four-room apartment with a sea view on Samborski St., New Ramat Aviv, was sold for $420,000.

Givatayim: A 110-sq.m. four-room garden apartment on Plamach St. was sold for $245,000

Herzliya: A 110-sq.m. four-room apartment on Weizmann St. was sold for $256,000. A 130-sq.m. four-room apartment on Harav Goren St. was sold for $303,000. A 150-sq.m. five-room apartment on Shai Agnon St. was sold for $273,000. A 135-sq.m. four-and-a-half-room apartment in need of renovation on Yair Stern St. was sold for $271,000

New apartment sales drop 12%

New apartments sales between May and August this year fell 12.1 percent compared with the period between January to April due to the hostilities in the North, the Central Bureau of Statistics reported on Sunday.

Boymelgreen in talks to buy Dankner Investments

A deal will probably give Delek Real Estate 20% of Boymelgreen's Azorim.

Families show renewed interest in moving north

Reconstruction programs for Haifa and the north in the aftermath of the second Lebanon war has led to renewed interest by families to move into the area, says Office of the Vice Premier director general Efrat Duvdevani. She said the large amount of resources the government was channeling to the north was attracting Israelis to the Galilee.

Coastal c’ttee rejects Haifa marina plan

The Committee for the Protection of Coastal Environments recommended establishing a beachfront park at the Carmel headland, and that no hotels or recreation units be built between the coastal highway and the Mediterranean.