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Insights & News /  Real Estate

May 18, 2023

Adv. Terry Almozlino Arnon Op-Ed: Supreme Court Rules to Invalidate Artificial Agreements

In a recent ruling, Israel's Supreme Court took a further step toward holding artificial agreements invalid and unlawful. An artificial agreement exists where there is a discrepancy between the parties' ostensible agreement, as reflected in the contract, and their true intentions. Adv. Terry Almozlino Arnon, head of our firm's Real Estate Department, examines the issue in an op-ed for Globes.

April 2, 2023

Dissolution of Real Estate Partnership: Adv. Terry Almozlino Op-Ed in Globes

A recent Supreme Court ruling found that during the dissolution of a real estate partnership, it is preferable to issue a decision already during the pre-trial hearing. As an expert in the field of commercial real estate, Adv. Terry Almozlino Arnon published an op-ed in Globes analyzing the ruling.

February 23, 2023

Adv. Terry Almozlino Arnon Participates in Dun’s 100 Real Estate Forum

Adv. Terry Almozlino Arnon, the head of our firm’s Real Estate Department, participated in the Dun’s 100 forum for senior legal professionals in the real estate field. The forum brought the professionals together to address burning issues in the industry. Topics of discussion this year included Israel’s housing crisis and the continued increase in interest rates.

December 5, 2022

Adv. Hagit Ben Moshe Interview with TheMarker on Purchasing Agricultural Land

Israel’s housing crisis has increased the attractiveness of purchasing unimproved agricultural land. Adv. Hagit Ben Moshe, head of the firm’s Kibbutz Sector Department, was interviewed by TheMarker on the complexities of purchasing such land for investment. She shed light on the many risks that can accompany these types of deals.

December 4, 2022

Closing a Deal – Transaction Closing in the World of Malls and Chain Stores

Adv. Terry Almozlino Arnon, Adv. Alon Wolner, and Adv. Irit Brodsky are participating in a panel on how to successfully complete mall real estate transactions and commercial tenders. The panel is being held as part of the Israel Mall Chain Store Conference held in Eilat.

November 28, 2022

Institutional Entities Investing in Urban Renewal – Success Story?

Will an alliance develop between urban renewal companies and the capital market? Adv. Elad Reshtick, a partner in our firm’s Capital Markets Department, addresses the issue in an op-ed for Calcalist.

November 22, 2022

Real Estate: Slowdown of Israel Building Inputs Price Index Affecting Buyers

In the last three months, Israel's Building Inputs Price Index rose by only 0.1%, affecting both apartment buyers and contractors. As part of a Globes interview with experts in the real estate field, Adv. Terry Almozlino Arnon, head of our firm's Real Estate Department, discussed the importance of Amendment 9 to the Sales Law (Apartments).

November 7, 2022

Podcast: Adv. Harel Perlmutter Talks Real Estate Taxation on "Kesef Bakir"

Taxation can make or break real estate deals. Adv. Harel Perlmutter, the head of our firm's Tax Department, spoke with Guy Lieberman about tax hitches and opportunities in an interview also published in Globes.  

September 4, 2022

Responding to ITA Solution for TAMA 38 Tax Benefits

The Israel Tax Authority announced a temporary solution for the problem of tax benefits in TAMA 38 projects. Our firm commented on the proposed solution.

July 11, 2022

Israel's New Urban Renewal Plan – When and What?

Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings. The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes. What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globes' new article.

June 22, 2022

Elections 2022: The Industry Entering a Huge Crisis

The decision to hold elections in October 2022 looks likely to have a significantly negative effect on Israel’s urban renewal industry. Our firm commented to The Marker, “If we hoped for a slowdown or a halt to rising real estate prices, it’s not going to happen. Especially in the urban renewal field, there is a real fear of massive delays.”

April 5, 2022

Barnea: Representing Kibbutz Shefayim and Yad Hana in Transaction to Sell Land Designated for Logistics Complex

Mivna Group has acquired 50% of the shares of the Yad Hana Homesh Industries Cooperative Association for ILS 140 million. The parties intend to jointly establish an innovative logistics center in a total built-up area of about 100,000 square meters. The client was represented by Adv. Ilan Blumenfeld and Adv. Maya Zisser.

March 17, 2022

Russian Oligarchs’ Growing Interest in Israeli Real Estate

Adv. Liat Keisary, an expert in advising high-net-worth private clients, was interviewed by TheMarker about Russian oligarchs’ sudden interest in Israeli real estate. Liat detailed the difficulties these oligarchs now face in the wake of Russian sanctions in making payments and obtaining guarantees from banks in Israel.

January 17, 2022

“Court Ruling: Did You Approve a Price and Payment Terms? It’s a Binding Agreement” – Adv. Maya Zisser Column in Globes

Adv. Maya Zisser, a partner in our Real Estate Department, published an op-ed in Globes on the new conditions for determining a binding agreement in a sale transaction.

October 4, 2021

Barnea Represents Azrieli Group in ILS 1.31 Billion Acquisition of Mall Hayam

Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for ILS 1.31 billion. Adv. Terry Almozlino Arnon, Adv. Ilan Blumenfeld, and Adv. Alon Wolner represented Azrieli in the transaction.

July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. We were interviewed by Globes on the trend, noting the regulatory challenges that exist in these types of transactions.

June 20, 2021

Purchase of Agricultural Land – Appraisal Standard No. 22

The purchase of agricultural land has become a common investment channel with high chances of success. Alongside this, there are a few risks potential buyers must prepare for. Adv. Hagit Ben Moshe, who heads the firm's Kibbutz Sector Department, was interviewed by Ynet for an article on the risks of purchasing agricultural land. Hagit explains what appraisal standard no. 22 is and its importance in such purchases.

May 11, 2021

Barnea Represents Azrieli in ILS 860 Million Agreement with SolarEdge

Our firm represented Azrieli Group in an agreement with SolarEdge to build the solar energy company’s new campus, at an investment of approximately ILS 860 million. The future campus will be built by Azrieli on a 6.5 acre site in Glilot North, east of the coastal highway (Road 2), which was purchased from private owners. Adv. Terry Almozlino Arnon and Adv. Alon Wolner represented Azrieli in the transaction.

April 18, 2021

Overcoming Opposition to Construction Plans

The publication of large-scale construction plans often provokes fierce opposition from residents in the area. Yedioth Ahronoth published in its weekend edition a comprehensive article on the subject featuring an expert from our firm. What do you need to know about submitting a plan and how to do so?

April 17, 2021

Blockchain and Real Estate

Globes has dedicated its Real Estate Supplement for Israel's Independence Day to real estate innovation. We were asked to publish a guest column discussing the implementation of blockchain technology that enables the registration and performance of digital operations through a distributed network of computers in the real estate field. We noted that once land registration is also based on blockchain, buyers will be able to purchase real estate property and take out a mortgage in exactly the same way online purchases are made today.

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