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Latest Updates / Real Estate
May 31, 2026
Magdilim: Israel Tax Authority Sets Criteria for Developers in War-Damaged Complex Rehabilitation Projects under Buyout Track
Adv. Alon Wolner, a partner in our firm's Real Estate Department, was interviewed by Magdilim following the Israel Tax Authority's publication of criteria and eligibility thresholds for developers seeking to participate in the rehabilitation of war-damaged complexes under the buyout track. In the interview, Alon discusses the potential impact of the new requirements on the advancement of rehabilitation projects and on the pool of developers eligible to compete. He also addresses the challenges the current economic environment poses for development companies and considers whether the criteria could affect the pace of reconstruction for the affected complexes.
May 28, 2026
Aluf Hamizronim Signs Long-Term Lease for Approximately 12,000 sqm at LOGIX Kfar Saba
Aluf Hamizronim has entered into a long-term lease agreement for approximately 12,000 sqm at the LOGIX Kfar Saba project, developed by Rani Zim Shopping Centers and Kardan Geva. The transaction includes approximately 3,000 sqm for a flagship retail store and an additional 9,000 sqm designated for logistics and storage facilities, under a lease term of approximately 20 years. Spanning approximately 95,000 sqm, the LOGIX Kfar Saba project combines retail, logistics, and data center facilities. Aluf Hamizronim was represented in the transaction by Adv. Alon Wolner, Adv. Sagi Gross, and Adv. Shani Goldraich of our firm.
May 21, 2026
Urban Renewal: Examination of Compensation Allocation Models in Pinui-Binui Projects Instead of Uniform 12 sqm Addition
Adv. Alon Abcasis of our firm was interviewed by Magdilim regarding a recent Tel Aviv District Court ruling on the common 12-square-meter bonus in pinui-binui (evacuation and reconstruction) projects. The court indicated that a proportional allocation model, reflecting each apartment owner’s share in building rights, may be considered instead of a uniform addition for all residents. Alon noted that the ruling does not amount to a sweeping change in law and remains open to interpretation, but it may influence future drafting of agreements and compensation models in urban renewal projects.
May 21, 2026
Real Estate Market 2026: Shift Toward Control Transactions in Real Estate Companies Amid Market Uncertainty
Adv. Alon Wolner of our firm was interviewed by Bizportal regarding the structural shift taking place in the real estate market in 2026, driven by sector-wide uncertainty and financial pressure. He noted a growing trend of institutional investors and funds pursuing control transactions in real estate companies rather than standalone asset deals. According to Alon, this reflects a broader move toward corporate transactions that offer exposure to diversified project portfolios, active management platforms, and larger asset pipelines. At the same time, he emphasized that these transactions are becoming increasingly complex and require extensive financial, legal, and regulatory due diligence.
May 5, 2026
Globes: Southern Israel Also Leads in Industrial and Logistics Construction
Southern Israel, which has led in residential construction growth in recent years, also recorded the highest number of housing starts in industrial and logistics uses this year—likely for the first time. Adv. Terry Almozlino Arnon, a partner and head of the firm's Real Estate Department, was interviewed by Globes about this trend and her experience advising developers in southern Israel. According to Terry, the expanded activity in the region stems from a combination of efficient local authorities, a strong understanding of developers’ needs, and relatively lower costs compared to central Israel.
April 1, 2026
Globes: New Framework – Fast-Track Route for Urban Renewal Projects
Adv. Alon Abcasis from our firm was interviewed by Globes regarding a new framework recently introduced by the Planning Administration and the Government Authority for Urban Renewal, aimed at significantly shortening the approval processes for large-scale urban renewal (pinui-binui) projects. The framework is designed to streamline planning procedures and enhance economic certainty for developers through an integrated “roundtable” process involving both local and district planning committees. At the same time, Alon highlights the key challenges facing the initiative, noting that its success will largely depend on effective implementation by local authorities and the actual enforcement of regulatory timelines in practice.
March 4, 2026
Special Emergency Guide in Globes: When Is Force Majeure Recognized?
Adv. Terry Almozlino Arnon, a partner and head of our firm’s Real Estate Department, was interviewed by Globes as part of a special guide aimed at providing clarity during Operation Roaring Lion regarding the applicability of force majeure to contracts in the real estate and aviation sectors. Terry addressed the potential exemption from rent payments on days when commercial shopping centers are closed due to the war.
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
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 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 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.