Search by Practice
Latest Updates / Real Estate
February 5, 2026
Which Developers Are Entitled to a Refund of Land Development Expenses from the Israel Tax Authority?
A settlement was approved recently within the framework of two class actions, which may result in some taxpayers receiving considerable financial refunds, while specifically re-examining the taxation of additional development expenses. Those entitled to a refund must forward the Refund Documents to the class plaintiff’s attorney within 180 days of the settlement approval date. The ITA will transfer the refund due to each class member within 150 days of the date of receipt of the documents.
January 29, 2026
Representing Guy Sal Group in Securing Approval for a New Residential Building
The Litigation and Real Estate Departments joined forces to represent Guy Sal Group in a complex co-ownership dissolution proceeding, during which the group had to assert its position as the winning bidder. The court accepted the group’s position, ruling that its proposal was the preferred one. Subsequently, the Ra’anana Planning and Building Committee granted approval for the construction of a new residential building in the Hameah neighborhood. The firm’s partners, Adv. Adi Shoham, Adv. Alon Abcasis, and Adv. Assaf Nahmias, have been supporting the group throughout the legal proceedings and the advancement of the planning and practical aspects of the project, and will continue to do so until its completion.
January 18, 2026
2025 Year-End Review: Key Trends in the Israeli Real Estate Sector
2025 will be remembered as one of the most complex and dynamic years for Israel’s real estate sector. Despite the financial risks, the market demonstrated resilience through an influx of real estate companies joining the stock exchange to raise funds and debt capital to finance enormous urban renewal programs.
January 6, 2026
Force Majeure in Times of War – What It Means for Business
Adv. Terry Almozlino Arnon discusses in an interview with Globes how the concept of “force majeure” affects developers and contractors in the real estate and construction sectors, and its practical implications for day-to-day operations after the war’s end.
January 5, 2026
Our Firm Secures First Place in Israel’s 2025 Most Expensive Real Estate Transactions
Adv. Alon Wolner, partner in our Real Estate Department, advised on the acquisition of a historic villa for preservation in the prestigious Talbiya neighborhood of Jerusalem for approximately ₪80 million. The transaction was ranked first in the 2025 list of Israel’s most expensive real estate deals by the Real Estate Center.
January 5, 2026
Podcast: Urban Renewal from a Local Authority’s Perspective
Adv. Ruth Gerby, head of the firm's municipalities practice and coordinator of the building construction practice, shares her experience advising municipal urban renewal units, explaining how to balance the interests of residents, developers, and the municipality; protect public spaces; and advance feasible, sustainable projects.
January 2, 2026
Performance Guarantees in Israeli NOP 38 Projects: Not Every Bank Guarantee Covers Developer Insolvency
Apartment owners in NOP 38 projects tend to mistakenly believe the guarantees issued to them by developers provide full safety nets, guaranteeing their rights in any case, even if the developer encounters financial difficulties before it fulfills its contractual obligations.
January 1, 2026
2025 Legal Year in Review: Key Business Updates and 2026 Outlook
As 2025 comes to a close and the new year begins, we have compiled the key legal developments affecting the Israeli business sector across multiple practice areas, together with practical recommendations for implementation ahead of corporate activity in 2026. The review is designed to provide an up-to-date overview and actionable guidance for informed legal planning in the year ahead.
December 29, 2025
Globes Interview: Real Estate Companies Return to the Stock Market
2025 saw a significant wave of equity and debt offerings by real estate companies on the Tel Aviv Stock Exchange, driven by interest rate changes and bank financing pressures. In an interview with Globes, Adv. Terry Almozlino Arnon, head of the firm's Real Estate Department, emphasizes that market entry requires transparency and public standards and notes that this trend is expected to continue into 2026.
December 20, 2025
The Marker Interview: Cities to Neighborhoods
Contemporary urban planning is no longer focused solely on housing, but on creating complete and accessible daily environments such as workplaces, services, retail, and community life within minutes. Adv. Ruth Gerby, a partner, head of the municipalities practice, and coordinator of the planning construction practice at our firm, spoke with TheMarker about the shift toward large-scale neighborhood models that integrate all daily needs in one place, with a strong emphasis on strengthening local identity.
November 18, 2025
The End of Israeli Banks’ Interference in Housing Prices?
In August 2025, after receiving the recommendations of the Simhon Committee, the Bank of Israel published new guidelines for banking corporations. Banks providing financing for residential construction projects will now be prohibited from including stipulations in their financing agreements that relate to the price of an individual apartment.
October 1, 2025
Adv. Elad Reshtick in TheMarker: Real Estate Entrepreneurs Turning to Capital Market
Adv. Elad Reshtick, a partner in our Capital Markets Department, was interviewed for a feature by TheMarker of leading experts in the field, which sheds light on a growing trend in the Israeli real estate market. Small and mid-sized developers with substantial real estate activity are increasingly turning to the stock exchange to raise capital through public offerings and debt issuances. These entrepreneurs manage hundreds of millions of shekels and continue to demonstrate financial resilience, maintaining a strategic focus on defensive sectors, particularly urban renewal projects.
September 20, 2025
Adv. Alon Abcasis Participated in Panel at Annual Urban Renewal Summit
Adv. Alon Abcasis, a partner and head of the firm's Residential Real Estate and Urban Renewal Department, took part in a panel at the Annual Urban Renewal Summit hosted by the Center for Real Estate. He spoke about the implications of betterment levies in urban renewal transactions, drawing on his extensive experience representing leading developers and construction companies. Alon also highlighted the key market solutions needed to provide meaningful support for senior citizens involved in urban renewal projects.
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 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
Israel Real Estate Center's Urban Renewal Summit: A Panel with Adv. Alon Abcasis
At the Israel Real Estate Center’s 10th anniversary event, the Urban Renewal Summit, Adv. Alon Abcasis, a partner and head of the firm's Residential Real Estate and Urban Renewal Department, was invited to take part in a panel of legal experts.
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.