Real Estate / Urban Renewal
Our firm’s Real Estate department is involved in some of the largest and most important urban renewal projects in Israel.
An urban renewal project involves many stakeholders – apartment owners, entrepreneurs, contractors, neighbors, local authorities, real-estate brokers, and service providers – each of whom influences aspects of the project. These aspects include the apartment owners’ rights, planning and licensing, financing, tax, and more.
Considering the complexity of urban renewal projects, selecting the right law firm is a critical factor in their successful completion. Possessing expertise on the above aspects is essential.
Our firm offers comprehensive legal services and guidance throughout a project. It provides preliminary examinations of all aspects of the project; conducts negotiations between the entrepreneurs, contractors, and tenants; determines preliminary feasibility; drafts and signs agreements; oversees reporting to the tax authorities, monitors the preparation of plans; handles discussions with the planning and building committees; obtains all permits; engages with the bank financing the project; counsels on all of the project’s financing aspects; evacuates tenants until the project is completed; handles the delivery of new apartments to apartment owners; registers the condominium building; and registers the apartment owners’ rights to the new apartments.
We represent and provide a full spectrum of legal services to public and private companies, entrepreneurs, contractors, and tenants during NOP 38 projects (“demolish and build” or “retrofit and renovate” projects). This is at an inclusive volume of more than 11,000 new housing units in Tel Aviv, Ramat Gan, Givatayim, Bat Yam, Rishon LeZion, Yehud, Hadera-Giv’at Olga, Ness Tsiona, Ashkelon, Ashdod, Haifa, Nahariya, Jerusalem, Kiryat Ono, Petah-Tikva, Ramat HaSharon, Hod HaSharon, Raanana, Herzliya, Netanya, Holon, Yavne, and more.
Dun’s 100 guide ranks Barnea Jaffa Lande as a leading law firm in the urban renewal field.
Insights & News - Real Estate / Urban Renewal:
Barnea: Representing 120 Apartment Owners in Pinui-Binui Project against Three Recalcitrant Owners
Advs. Eldar Adato and Lauren Shtaiman, from our firm’s Real Estate Department, are advising apartment owners in a residential complex designated for pinui-binui in Herzliya. They represented a group of about 120 apartment owners in court against three recalcitrant owners who are objecting to the project due to their demand for higher recompense from the contractor. The court made the extraordinary decision to order the recalcitrant owners to pay NIS 7.8 million in compensation (NIS 2.6 million apiece). In addition, each recalcitrant owner was ordered to pay NIS 20,000 for legal expenses.
Institutional Entities Investing in Urban Renewal – Success Story?
Will an alliance develop between urban renewal companies and the capital market? Elad Reshtick, a partner in our firm’s Capital Markets Department, addresses the issue in an op-ed for Calcalist.
Latest Legislative Amendments to Promote Pinui-Binui Projects
The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.
Real Estate / Urban Renewal
Our firm’s Real Estate department is involved in some of the largest and most important urban renewal projects in Israel.
An urban renewal project involves many stakeholders – apartment owners, entrepreneurs, contractors, neighbors, local authorities, real-estate brokers, and service providers – each of whom influences aspects of the project. These aspects include the apartment owners’ rights, planning and licensing, financing, tax, and more.
Considering the complexity of urban renewal projects, selecting the right law firm is a critical factor in their successful completion. Possessing expertise on the above aspects is essential.
Our firm offers comprehensive legal services and guidance throughout a project. It provides preliminary examinations of all aspects of the project; conducts negotiations between the entrepreneurs, contractors, and tenants; determines preliminary feasibility; drafts and signs agreements; oversees reporting to the tax authorities, monitors the preparation of plans; handles discussions with the planning and building committees; obtains all permits; engages with the bank financing the project; counsels on all of the project’s financing aspects; evacuates tenants until the project is completed; handles the delivery of new apartments to apartment owners; registers the condominium building; and registers the apartment owners’ rights to the new apartments.
We represent and provide a full spectrum of legal services to public and private companies, entrepreneurs, contractors, and tenants during NOP 38 projects (“demolish and build” or “retrofit and renovate” projects). This is at an inclusive volume of more than 11,000 new housing units in Tel Aviv, Ramat Gan, Givatayim, Bat Yam, Rishon LeZion, Yehud, Hadera-Giv’at Olga, Ness Tsiona, Ashkelon, Ashdod, Haifa, Nahariya, Jerusalem, Kiryat Ono, Petah-Tikva, Ramat HaSharon, Hod HaSharon, Raanana, Herzliya, Netanya, Holon, Yavne, and more.
Dun’s 100 guide ranks Barnea Jaffa Lande as a leading law firm in the urban renewal field.
Insights & News - Real Estate:
Barnea: Representing 120 Apartment Owners in Pinui-Binui Project against Three Recalcitrant Owners
Advs. Eldar Adato and Lauren Shtaiman, from our firm’s Real Estate Department, are advising apartment owners in a residential complex designated for pinui-binui in Herzliya. They represented a group of about 120 apartment owners in court against three recalcitrant owners who are objecting to the project due to their demand for higher recompense from the contractor. The court made the extraordinary decision to order the recalcitrant owners to pay NIS 7.8 million in compensation (NIS 2.6 million apiece). In addition, each recalcitrant owner was ordered to pay NIS 20,000 for legal expenses.
Institutional Entities Investing in Urban Renewal – Success Story?
Will an alliance develop between urban renewal companies and the capital market? Elad Reshtick, a partner in our firm’s Capital Markets Department, addresses the issue in an op-ed for Calcalist.
Latest Legislative Amendments to Promote Pinui-Binui Projects
The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.