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Insights & News /  Real Estate

December 14, 2021

Eldar Adato Participates in Forum of Leading Lawyers in Real Estate and Urban Renewal Field

The Dun’s 100 Forum invited leading real estate and urban renewal lawyers to discuss trending topics. At the forum, the participants discussed a number of professional issues. Elder Adato emphasized the importance of planning certainty in real estate transactions. According to Eldar, "Planning certainty produces economic certainty, and without these two, projects will continue to drag on for years between the various committees."

October 4, 2021

Representing Azrieli Group in NIS 1.31 Billion Acquisition of Mall Hayam

Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for NIS 1.31 billion. Firm partners Terry Almozlino Arnon, Ilan Blumenfeld, and Alon Wolner represented Azrieli in the transaction.

July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted the regulatory challenges that exist in these types of transactions.

June 20, 2021

Purchase of Agricultural Land – Appraisal Standard No. 22

The purchase of agricultural land has become a common investment channel with high chances of success. Alongside this, there are a few risks potential buyers must prepare for. Hagit Ben Moshe, who leads the kibbutz and agricultural sector at our firm, was interviewed by Ynet for an article on the risks of purchasing agricultural land. She explains what appraisal standard no. 22 is and its importance in such purchases.

May 11, 2021

Representing Azrieli in NIS 860 Million Agreement with SolarEdge

Our firm represented the Azrieli Group in an agreement with SolarEdge to build the solar energy company’s new campus, at an investment of approximately NIS 860 million. The future campus will be built by Azrieli on a 6.5 acre site in Glilot North, east of the coastal highway (Road 2), which was purchased from private owners. Advs. Terry Almozlino Arnon and Alon Wolner represented Azrieli in the transaction.

April 18, 2021

Overcoming Opposition to Construction Plans

The publication of large-scale construction plans often provokes fierce opposition from residents in the area. Yedioth Ahronoth published in its weekend edition a comprehensive article on the subject. What do you need to know about submitting a plan and how to do so? Eldar Adato, the head of our Real Estate Department, was interviewed as part of the article.  

April 17, 2021

Blockchain and Real Estate

Globes has dedicated its Real Estate Supplement for Israel's Independence Day to real estate innovation. Dr. Zvi Gabbay was asked to publish a guest column discussing the implementation of blockchain technology that enables the registration and performance of digital operations through a distributed network of computers in the real estate field. According to Zvi, once land registration is also based on blockchain, buyers will be able to purchase real estate property and take out a mortgage in exactly the same way online purchases are made today.

August 13, 2020

Supreme Court Reduces Protection for New Apartment Buyers

A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "

August 10, 2020

Real Estate Investors: What to Know about Purchasing an Apartment Following the Decision to Lower Purchase Tax Rates

The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Liat Keisary’s guide for investors published by Mako.  

July 10, 2020

Roundtable Article of Urban Renewal Experts

In the weekend edition of Yedioth Ahronoth, urban renewal experts gathered to discuss burning questions in the field. Adv. Eldar Adato, partner and head of the firm's Real Estate Department, explains what alternative housing is and when a tenant is entitled to it. He also discusses project delays.

July 1, 2020

What to Do When a Tenant Stops Paying Rent

"Exposure", a leading Israeli investigative TV show, was dedicated Monday to lessees that lease prestigious property assets but then stop paying rent and refuse to vacate. The program featured interviews with the prominent Refaeli family, who were victims to a lessee they claim did not pay rent. After the show, host Haim Etgar interviewed Liat Keisary, a partner from our firm who works closely with HNW clients that lease out their properties. Liat clarified what to look for before leasing out a property, what to do if a tenant refuses to pay rent, and how to avoid such

March 23, 2020

The Corona Effect: Q&A on Real Estate

Eldar Adato answers a question in Globes about the use of the force majeure clause in real estate contracts. According to Eldar, "The law does not have a uniform definition of what a force majeure event is and interpretation is made in accordance with previous rulings.”

March 22, 2020

Israel Land Authority Says Appeals Committee Decision Only to Be Considered Recommendation

Adv. Hagit Ben Moshe was interviewed by TheMarker following the Israel Land Authority’s declaration that the Appeals Committee’s decision will only be considered a  recommendation and not an obligation. Hagit commented that “this decision could have far-reaching impact.”

February 10, 2020

The Battle over Pinui & Binui: Ministry of Justice Wants You to Receive More for Each Apartment

Eldar Adato was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of Pinui Binui projects to 12 sq. m. Adato explains that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

December 23, 2019

Eldar Adato Featured in Globes Real Estate Supplement's Recap of 2019

In the Globes Real Estate Supplement's recap of 2019, Eldar Adato presents one of the most important judicial rulings of the year. Eldar discusses a controversial court decision to repeal caveats registered on behalf of purchasers in order to allow progress in an urban renewal project. According to Eldar, this ruling has far-reaching consequences.

December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

December 5, 2019

Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures

Eldar Adato was interviewed by TheMarker following a precedential decision by the Urban Renewal Authority to halt "evacuation and reconstruction" projects following the improper and harmful obtaining of signatures by the developer. According to Eldar, the State acted properly in its intervention in this case.

November 20, 2019

Event: Urban Renewal

Our office hosted today an event on urban renewal. The event dealt with the 2019 review of the field and projections for 2020. Elder Adato and Meital Rahim Bachar from our Real Estate Department provided an overview of the new amendments. We also hosted the chairman of the Urban Renewal Authority and held an expert panel.

November 13, 2019

Elder Adato Moderates Mayoral Panel at the Israel Builders Association Conference

Elder Adato, the head of our Real Estate Department, moderated today the mayoral panel at the Israel Builders Association Conference. Participating in the panel were the mayor of Eilat, the mayor of Yehud-Monosson, the co-CEO of Shalom Et Nathan, and the chairman of the Israel Builders Association.

August 12, 2019

Renting or Leasing out an Apartment? Here’s What You Should Know

Adv. Alon Wolner published an article on the Walla news site on the rights and obligations of lessors and lessees.
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