Show me an example Israel Real Estate News: February 2013

Thursday, February 07, 2013

Bar Refaeli Snags Tel Aviv Apartment for Brother

Israeli supermodel Bar Refaeli has purchased a swank Tel Aviv apartment for her 26 year-old brother, Dor, according to a report by Globes online business magazine. The NIS 2.5 million 72-square meter two bedroom apartment is a property in the Midtown project on Menachem Begin Road in Tel Aviv. The 50 storey building is still under construction.

Blackstone to Buy Stake in 40 U.S. Shopping Centers

Blackstone, based in New York, is adding retail properties as rents and occupancies rise. Shopping-center vacancies dropped to 10.7 percent in the fourth quarter from 10.8 percent in the previous three months and 11 percent a year earlier, according to New York-based data provider Reis Inc. Effective rents, or what’s paid after any landlord discounts, averaged $16.59 a square foot, up from $16.51 a year earlier.