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Latest Updates / Real Estate
July 30, 2025
Explaining the Israeli Supreme Court’s Ruling on Contractor Delays in Delivering Apartment to Buyers
Israeli economic newspapers have recently published headlines claiming that “the Supreme Court dismissed a petition for exemptions from paying compensation for delays in apartment deliveries due to the war” and that “the war does not constitute a justified reason for delaying apartment deliveries.”
July 28, 2025
Advising Azrieli Group on New Assisted Living Project Awarded in Government Tender
We are advising the Azrieli Group on the development of a new assisted living project in the Sde-Dov neighborhood in northern Tel Aviv, following Azrieli’s win in a government tender for the establishment of a large-scale senior housing complex. The Sde-Dov area, located on the grounds of the former airport, is being developed into a new residential district planned to include approximately 16,000 housing units, a central park, and the preservation of historic elements.
July 24, 2025
Participating in Israel Real Estate Center's Urban Renewal Summit
At the Israel Real Estate Center’s 10th anniversary event, the Urban Renewal Summit, Alon Abcasis, a partner and head of the firm's residential and urban renewal practice, will take part in a legal panel alongside leading experts and senior professionals in the field.
July 20, 2025
Representing Aviv Group in ILS 1.4 Billion Financing Agreement for Tel Aviv Project
The firm represents Aviv Group, controlled by Melisron Ltd., one of Israel’s leading real estate companies specializing in the development and construction of residential, commercial, and luxury projects. We recently advised the group on a financing agreement with Mizrahi-Tefahot Bank for a project in the Maoz Aviv neighborhood of Tel Aviv, with credit facilities totaling approximately ILS 1.4 billion.
July 16, 2025
Share Transfers Between Siblings Are Tax-Exempt - Even Indirect Gifts from Parents
A recent district court ruling broadened the interpretation of the statutory provisions governing exemptions from land appreciation tax and ruled that transfers of shares of a real estate association as a gift between siblings are exempt from capital gains tax even if the shares were not direct gifts from the parents but originated from land received as a gift from them. The court also prescribed several important procedural rules to improve the protection of taxpayers’ rights vis-à-vis the Israel Tax Authority (ITA).
July 2, 2025
Representing Meuhedet Health Services in Real Estate Transactions Totaling ILS Hundreds of Millions
Our firm represents Meuhedet Health Services, the third-largest HMO in Israel, in a wide range of real estate matters across the country, from negotiating and drafting lease agreements for clinics to advising on the acquisition of properties of significant value. Among other matters, we represented Meuhedet in the purchase of a commercial property in Bnei Brak for approximately ILS 40 million. We are currently advising on a transaction for the acquisition of commercial properties in Bnei Brak and Beit Shemesh valued at over ILS 100 million.
July 1, 2025
Representing Azrieli in the Acquisition of Control over Zemach Hammerman
Our firm is representing Azrieli in a strategic transaction to acquire control of Zemach Hammerman, with an estimated company valuation of approximately ILS 635 million, as part of a reverse triangular merger. Under the original offer, Azrieli aims to purchase about 67% of Zemach Hammerman’s shares for up to ILS 440 million, marking the group’s expansion into residential real estate development and construction in Israel. Our firm is supporting Azrieli throughout all stages of the transaction, including legal counsel on regulatory matters, transaction structuring, negotiations, and public company risk management.
June 24, 2025
Real Estate Sector: Risks Are Rising – But Stocks Are Soaring: Interview with Adv. Terry Almozlino Arnon
In the aftermath of the war, expectations are growing for a large-scale recovery wave in real estate and urban renewal projects. As an expert in the real estate field, Adv. Terry Almozlino Arnon was interviewed by Ynet and stated, among other things: "Entire buildings have been destroyed or damaged to the extent that they require full demolition and complete reconstruction. The solution, in her view, is to rebuild them through private developers under the urban renewal framework."
June 23, 2025
Barnea: Representing Azrieli Group in ILS 855 Million Acquisition
Our firm represented Azrieli Group in its acquisition of a 67% controlling stake in Zemach Hammerman, a complex transaction valued at approximately ILS 855 million. The deal was executed through a reverse triangular merger. Azrieli Group was advised by Advs. Micky Barnea, Misha Gitterman, and Tal Freilich, with additional support from our Real Estate, Employment, and Capital Markets Departments.
June 23, 2025
The Building Was Destroyed – Now What? Urban Renewal and the Rights of Elderly Residents
Following the recent missile attacks from Iran, several old buildings collapsed across the country. Government ministers have announced plans to advance urban renewal initiatives for these affected structures. As the state works to develop a comprehensive strategy, we examined the unique rights of elderly residents in urban renewal projects, since, in many cases, senior citizens are the ones living in these aging buildings. A detailed guide on the subject by Adv. Maya Carmi, an expert in real estate taxation, was published on Ynet.
June 16, 2025
New Ruling: Local Authorities Can Limit Accessible Parking Allocation
In May 2025, the district court issued a precedent-setting ruling regarding a local planning and building committee’s authority to demand that accessible parking spaces remain part of the common property and not be assigned to apartments in a new building.
June 1, 2025
Ongoing Legal Counsel to Clalit Health Services in Lease Transactions Nationwide
Clalit, Israel’s largest and oldest health maintenance organization, operates an extensive network of hospitals and clinics across the country. Our firm provides Clalit with ongoing legal support in dozens of lease transactions nationwide, including lease terminations, amendments to existing agreements, and the negotiation of new leases. We assist in reviewing and updating lease agreements for a wide range of properties, advise on transitions between locations, and work in close coordination with Clalit to support the legal aspects of its vast real estate portfolio.
May 27, 2025
Jerusalem Property Sold for Nearly ILS 80 Million
An approximately 100-year-old villa, located on an 860 sqm lot in the Talbiya neighborhood of Jerusalem, was recently sold for ILS 79 million. Adv. Alon Wolner, a partner at our firm, represented the buyer in this high-profile transaction between well-known parties.
April 20, 2025
Representing Akro Real Estate Group in an Urban Renewal Tender in Bat Yam
Our firm’s Real Estate Department is representing Akro Group, which won a Pinui-Binui tender in Bat Yam as part of a large-scale urban renewal project that includes plans to construct approximately 380 new housing units in Jerusalem.
April 10, 2025
What’s Next for Israel’s Real Estate Market?
The Israeli real estate market is facing both local and global pressures – from wars to rising interest rates and economic uncertainty. Alon Wollner, a partner at our firm, was interviewed for a TheMarker article discussing the challenges and opportunities in the evolving real estate landscape.
April 10, 2025
Market Volatility and Its Ripple Effect on Israeli Real Estate
Israel’s financial landscape has recently faced significant shocks. With capital markets experiencing notable declines, the question arises: what does this mean for real estate?
Adv. Alon Wolner, a partner in our Real Estate Department, spoke to TheMarker about how the current capital market volatility is influencing real estate investment trends in Israel and the key challenges developers are now facing.
March 11, 2025
Shahar Poller Atzil on Channel 10: The New Broker Regulations
Recently, the new ethics regulations for real estate brokers in Israel came into effect, requiring them to operate with full transparency and uphold high standards of integrity towards their clients.
Shahar Poller Atzil, a partner in our litigation department, was invited to an interview on Channel 10 (the Economic Channel) to discuss the new reform that is set to change the landscape of the real estate brokerage market in Israel.
March 10, 2025
Adv. Alon Abcasis in Article for Ynet: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of evacuation and reconstruction complexes in Israel, YNET conducted a study among cities in the Tel Aviv metropolitan area to determine which city grants the most building rights in urban renewal. Alongside industry experts, Adv. Alon Abcasis, partner and head of the Residential and Urban Renewal department at our firm, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv in this regard.
March 3, 2025
Real Estate Summit in Eilat: Adv. Terry Almozlino Arnon Moderated Expert Panel
Adv. Terry Almozlino Arnon, partner and head of the real estate department at our firm, participated in the Real Estate Summit in Eilat, among dozens of real estate experts in Israel. She moderated a panel that hosted senior figures from the economy, discussing the gap between the prosperity enjoyed by income-producing real estate companies in 2024 and the forecast for 2025, in light of the measures, challenges, and obstacles expected in the coming year.
March 1, 2025
Advising Azrieli Group on the Construction of the Spiral Tower in Tel Aviv
Our firm advises the Azrieli Group on the development of the Spiral Tower, currently under construction and located east of Menachem Begin Road, in Tel Aviv’s northern business district. The group has obtained a permit to build a mixed-use skyscraper of up to 91 stories (approximately 350 meters tall), including a seven-level underground parking facility with about 1,150 parking spaces. The project allows for the construction of 148,000 square meters of commercial, hotel, and residential space. At the tower’s base, a 13,000-square-meter shopping mall is planned as an extension of the existing Azrieli Center Mall.