Saturday, January 16, 2010
Thursday, January 14, 2010
Israel's dream property location a "legal nightmare"
AFFA, Israel, Jan 13 (Reuters) - The Hattab home -- grey paint peeling from the walls, foundations sinking through the ground -- is squeezed in by brightly painted, three-storey villas blocking its view of the Mediterranean Sea.
"Our neighbourhood is shrinking. But why should we have to leave? It's where we've raised our children, where we grew up. If we're all evicted, well, you tell me who is left," says the Hattab's neighbour, Esther Seba.
She and the Hattabs are among almost 500 Arab families struggling to keep a toehold in Ajami, the Arab section of Jaffa that is rapidly becoming an artsy alternative to the brash modernity of Israel's metropolis Tel Aviv next door.
"The government should help us find a way to buy our homes or pay rent. Instead, they're trying to clear us out of here. Where are we going to go?" says 33-year-old Esther.
"Our neighbourhood is shrinking. But why should we have to leave? It's where we've raised our children, where we grew up. If we're all evicted, well, you tell me who is left," says the Hattab's neighbour, Esther Seba.
She and the Hattabs are among almost 500 Arab families struggling to keep a toehold in Ajami, the Arab section of Jaffa that is rapidly becoming an artsy alternative to the brash modernity of Israel's metropolis Tel Aviv next door.
"The government should help us find a way to buy our homes or pay rent. Instead, they're trying to clear us out of here. Where are we going to go?" says 33-year-old Esther.
Wednesday, January 13, 2010
Monday, January 11, 2010
Real estate companies to face debt problems this year
"The global financial crisis has not bypassed Israel. Last year, 20 percent of bond-issuing companies were in difficulties according to our calculations. Looking ahead to this year we estimate that in addition to that 20%, another 8% of the companies will face debt repayment difficulties," ISA chairman Zohar Goshen said at a capital market conference in Jerusalem.
"The majority of companies expected to face problems in recycling debt are real estate companies, many of which have active operations in Israel and not necessarily only in Eastern Europe," Goshen said.
"The majority of companies expected to face problems in recycling debt are real estate companies, many of which have active operations in Israel and not necessarily only in Eastern Europe," Goshen said.
Saturday, January 09, 2010
Israel stocks rise; real estate, Partner, Strauss in focus
TEL AVIV (MarketWatch) -- Israeli stocks gave back some gains on Monday, but were still aiming for a fourth straight positive session, with real estate stocks a particularly strong sector.
Late in the trading day, the Tel Aviv Stock Exchange's benchmark TA-25 index was 0.26% higher at 1160.87. The TA-100 Index /quotes/comstock/!ta100 (XX:TA100 1,094, -4.27, -0.39%) rose 0.60% to 1086.68.
The Tel-Tech 15 Index of top technology issues advanced 1.25% to 242.23.
And the Real Estate 15 Index jumped 2.16% to 313.72.
The most active issue on the bourse was Israel Chemicals, the fertilizer producer, trading up 0.2%. Agrichemicals specialist Makhteshim-Agan slipped 0.1%.
Within real estate, Africa-Israel Investments /quotes/comstock/11i!afivy (AFIV.Y 6.45, +0.60, +10.26%) was up 1.5%, Jerusalem Economic jumped 4.9% and Gazit Globe advanced 2.5%. The lone decliner in the property index was Airport City, down 1.1%.
Late in the trading day, the Tel Aviv Stock Exchange's benchmark TA-25 index was 0.26% higher at 1160.87. The TA-100 Index /quotes/comstock/!ta100 (XX:TA100 1,094, -4.27, -0.39%) rose 0.60% to 1086.68.
The Tel-Tech 15 Index of top technology issues advanced 1.25% to 242.23.
And the Real Estate 15 Index jumped 2.16% to 313.72.
The most active issue on the bourse was Israel Chemicals, the fertilizer producer, trading up 0.2%. Agrichemicals specialist Makhteshim-Agan slipped 0.1%.
Within real estate, Africa-Israel Investments /quotes/comstock/11i!afivy (AFIV.Y 6.45, +0.60, +10.26%) was up 1.5%, Jerusalem Economic jumped 4.9% and Gazit Globe advanced 2.5%. The lone decliner in the property index was Airport City, down 1.1%.
Thursday, January 07, 2010
srael stocks off; Teva in focus on analysts, AstraZeneca pac
TEL AVIV (MarketWatch) -- Israeli stocks slipped on Thursday, as banks were weak and investors awaited Teva Pharmaceutical's update.
The Tel Aviv Stock Exchange's benchmark TA-25 Index closed down 0.30% to 1166.23, while the TA-100 Index /quotes/comstock/!ta100 (XX:TA100 1,098, +0.11, +0.01%) slipped 0.39% to 1094.04.
The Tel-Tech 15 Index of top technology issues gave up 0.72% to 244.21.
Teva Pharmaceutical shares /quotes/comstock/15*!teva/quotes/nls/teva (TEVA 56.84, -0.36, -0.63%) edged down 0.1%.
Goldman Sachs reiterated a buy rating on Teva before the drugmaker's Webcast meeting with analysts to provide an outlook. The firm's analysts raised their 12-month price target on the stock to $65 from $61.
Goldman expects the company to address several issues, including potential acquisitions, it strategy regarding Copaxone, its flagship multiple-sclerosis medication, and growth prospects for 2011.
The Tel Aviv Stock Exchange's benchmark TA-25 Index closed down 0.30% to 1166.23, while the TA-100 Index /quotes/comstock/!ta100 (XX:TA100 1,098, +0.11, +0.01%) slipped 0.39% to 1094.04.
The Tel-Tech 15 Index of top technology issues gave up 0.72% to 244.21.
Teva Pharmaceutical shares /quotes/comstock/15*!teva/quotes/nls/teva (TEVA 56.84, -0.36, -0.63%) edged down 0.1%.
Goldman Sachs reiterated a buy rating on Teva before the drugmaker's Webcast meeting with analysts to provide an outlook. The firm's analysts raised their 12-month price target on the stock to $65 from $61.
Goldman expects the company to address several issues, including potential acquisitions, it strategy regarding Copaxone, its flagship multiple-sclerosis medication, and growth prospects for 2011.
Tuesday, January 05, 2010
Israel stocks up at midday; real estate strong
TEL AVIV (MarketWatch) -- Israeli stocks were higher at midday on Monday, aiming for a fourth day of gains, with the real estate stocks a particularly strong sector. The Tel Aviv Stock Exchange's benchmark TA-25 index recently was 0.72% higher at 1166.20. The TA-100 Index rose 0.98% to 1090.76. The Tel-Tech 15 Index of top technology issues advanced 1.35% to 242.49. And the Real Estate 15 Index jumped 2.98% to 316.23. The most active issue on the bourse was Israel Chemicals, the fertilizer producer, trading unchanged. Sharply higher among the blue chips were the oil stocks, with Delek Drilling up 4.1%, Avner up 2.9%, Oil Refineries Ltd. up 2.1%, and Paz Oil up 1.2%. Within real estate, Africa-Israel Investments /quotes/comstock/11i!afivy (AFIV.Y 6.45, +0.60, +10.26%) was up 1.9%, Housing & Construction was up 4.1%, and Jerusalem Economic rose 3%. The lone decliner in the property index: Industrial Buildings, down 0.2%
Sunday, January 03, 2010
Kardan Israel sells Rishon LeZion office building
Kardan Israel sells Rishon LeZion office building
The company sold its holding in the M1 office building to Hamizrach Holding for NIS 33 million.
Michal Margalit3 Jan 10 17:57
Kardan Israel Ltd. (TASE:KRIS) subsidiary Kardan Real Estate Initiative and Development Ltd. has sold its holding in the M1 office building in Rishon LeZion to Hamizrach Holding Ltd. for NIS 33 million.
The 3,800-square meter M1 building on Moshe Levy St. in the new industrial zone of Rishon LeZion is a commercial building occupied by the central garage and parking for Isuzu, Chevrolet, and Cadillac importer Universal Motors Israel Ltd. (UMI).
Kardan Israel expects to report a cash flow of NIS 30 million and a profit of NIS 3.5 million on the sale. Kardan Israel's share rose 4.1% today to NIS 7.96.
The company sold its holding in the M1 office building to Hamizrach Holding for NIS 33 million.
Michal Margalit3 Jan 10 17:57
Kardan Israel Ltd. (TASE:KRIS) subsidiary Kardan Real Estate Initiative and Development Ltd. has sold its holding in the M1 office building in Rishon LeZion to Hamizrach Holding Ltd. for NIS 33 million.
The 3,800-square meter M1 building on Moshe Levy St. in the new industrial zone of Rishon LeZion is a commercial building occupied by the central garage and parking for Isuzu, Chevrolet, and Cadillac importer Universal Motors Israel Ltd. (UMI).
Kardan Israel expects to report a cash flow of NIS 30 million and a profit of NIS 3.5 million on the sale. Kardan Israel's share rose 4.1% today to NIS 7.96.
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