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Latest Updates / Real Estate
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
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 4, 2026
2025 Year-End Review: Israeli Real Estate Taxation
In 2025, Israeli real estate taxation was characterized by strict adherence to statutory requirements: reliefs, exemptions, and lower tax brackets were granted only when the conditions prescribed by law were met, within the defined deadlines, and with full proof of the relevant facts.
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.
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.