Each week we summarize the major commercial real estate transactions concluded
by Israeli companies, both in Israel and abroad.
Weekly Commercial Real Estate News of Israel 1
This week’s highlights are:
CARASSO MOTORS LTD has engaged in an agreement to sell all of its rights in a 19,000 SqM lot in the industrial area of Rishon Lezion, for approximately $ 14.24 million.
A subsidiary of SOLOMON HOLDINGS LTD and LEVINSTEIN PROPERTIES LTD have engaged in an agreement regarding the sale of 50% of “The Atrium Building” in the Modi’in for about $8.39 million.
REIT 1 LTD has engaged in an agreement, together with two partners, to acquire the Blue Square Real Estate Ltd. logistics center (an area of about – 20,000 SqM) in Rishon Lezion, for about $24.06 million.
A subsidiary of ELECTRA LTD signed an agreement (subject to terms) to sell all of its rights and obligations in “Electra Tower” in Tel Aviv, to a The Nakash Brothers, for $76.9 million.
A subsidiary of THE LESER GROUP LTD has engaged in an agreementto sell two floors in an office building in New York, for $ 12 million.
A subsidiary of BIG SHOPPING CENTERS LTD has completed the acquisition of 60% of the rights of the open shopping center “Camelback Colonnade” in Phoenix, Arizona.
A subsidiary of RAVAD LTD has engaged in an agreementto acquire a shopping center that includes 7 commercial units (total area of about 27,400 SqF) and 78 parking spaces in Dublin, Ireland, for 6.5 million Euros.
Assuta private medical services will open a new center in Ra’anana industrial zone.
Congratulations to Abraham Knot Egbert for his appointment as Vice President of Business Development at ASPEN GROUP LTD.
The purpose of this Newsletter is to update you with Commercial Real Estate information related to companies from Israel.
The information contained herein does not constitute an opinion or professional advice.
It is recommended to use the information detailed in this Newsletter only after consultation with the appropriate professional consultants from our office.
Propertech Real Estate is a commercial real estate boutique, a leader in providing professional and unique brokerage services for office spaces, logistics spaces, commercial buildings, brokering and negotiating investment real estate transactions, land, etc, managed by Avi Gimpel and Guy Amosi.
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The purpose of this Newsletter is to update you with Commercial Real Estate information related to companies from Israel. The information contained herein does not constitute an opinion or professional advice. It is recommended to use the information detailed in this Newsletter only after consultation with the appropriate professional consultants from our office.
Propertech Real Estate is a commercial real estate boutique, a leader in providing professional and unique brokerage services for office spaces, logistics spaces, commercial buildings, brokering and negotiating investment real estate transactions, land, etc,
managed by Avi Gimpel and Guy Amosi.