Changing of the guard in Tel Aviv's Florentin

Florentin continues to attract young professionals and students, rents in the area have risen dramatically. Ravid started renting her two-bedroom apartment three years ago for $750.

A New York-style luxury neighborhood in Israel

Tzameret Park has attracted more than a few well-known business tycoons and famous personalities such as Benny Steinmetz, Yitzhak Peterburg, Ilan Ben Dov, Eyal Yona, the Sharatzky family and Eli Yatzpan.

Hundreds of 'rich uncles from abroad'

The invasion of aliens, coming from France, Britain, Belgium and the U.S., has been covered extensively in the press over the last year.

ILA to build holiday villages in Jasr a-Zarqa

The Israel Land Administration has presented plans for two holiday villages with 600 rooms a 234-unit neighborhood for the Arab coastal town of Jasr a-Zarqa.

Africa-Israel buy central Jerusalem lot for $28.3m

Africa-Israel Housing and Sheinfeld will build a 21,000-sq.m. high-rise and rehabilitate the adjacent Anna Ticho House garden for the public.

NIS 2b demand for Tagor bonds

Yesterday’s bond issue by real estate company Tagor Capital Ltd. (TASE:TGCP) was oversubscribed by more than NIS 2 billion. Tagor raised NIS 114 million in an issue of bonds and warrants.
Demand in the public tender was 100 times oversubscribed.

Gaydamak buys Beitar Jerusalem training ground for $30m

Beitar Jerusalem football club owner Arcadi Gaydamak has bought the club’s training ground in the city’s Bayit Vegan neighborhood for $30 million. However, the club’s management believes that conditions on the deal, including building permits for the site, could ultimately prevent the deal from being closed.

Ben-Zakan buys Arena Mall from Zisser for $130m

Financial Levers Ltd. (TASE:LVR), controlled by Jackie Ben-Zakan and Avraham Nanikashvili, has bought the Arena Mall at the Herzliya Marina from Elbit Medical Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT) subsidiary Elscint Ltd. for $130 million (NIS 546 million)

Gaydamak negotiating to take over Minrav at NIS 500m value

Minrav Holdings Ltd. (TASE: MNRV) and chairman and CEO Avraham Kuznitsky today notified the Israel Securities Authority that he was negotiating to sell the controlling interest in the company to Arcadi Gaydamak at a company value of NIS 500 million.

ISA confronts Leviev over “doubling value” remark

The The Israel Securities Authority has asked Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) for clarifications regarding media reports in which the company’s controlling shareholder and chairman Lev Leviev predicted that it would double in value in 2007.
Leviev, who is currently attending the World Economic Forum in Davos, Switzerland, was quoted as saying that a value of $7 billion, double Africa-Israel’s current market cap, by the end of 2007 would be an appropriate target for the company. Africa-Israel soared 7% in heavy trading on the Tel Aviv Stock Exchange (TASE) today following Leviev’s comments, following which the Securities Authority asked the company to publish a clarification of the remarks by tomorrow morning.