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Insights & News / Real Estate
December 5, 2022
Hagit Ben Moshe Interview with TheMarker on Purchasing Agricultural Land
Israel’s housing crisis has increased the attractiveness of purchasing unimproved agricultural land. 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
Terry Almozlino-Arnon, Alon Wolner, and 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? 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, Terry Almozlino Arnon, head of our firm's Commercial 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. Harel Perlmutter, head of our firm's Tax Department, talks with Guy Lieberman about tax hitches and opportunities in an interview also published on 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 Globe's 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 Advs. Ilan Blumenfeld and Maya Zisser.
March 17, 2022
Russian Oligarchs’ Growing Interest in Israeli Real Estate
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” – Maya Zisser Column in Globes
Maya Zisser, a partner in our Real Estate Department, has published an op-ed column in Globes on the new conditions for determining a binding agreement in a sale transaction. Click to read
October 4, 2021
Representing Azrieli Group in NIS 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 NIS 1.31 billion.
Firm partners Terry Almozlino Arnon, Ilan Blumenfeld, and 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. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted 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.
Hagit Ben Moshe, who leads the kibbutz and agricultural sector at our firm, was interviewed by Ynet for an article on the risks of purchasing agricultural land. She explains what appraisal standard no. 22 is and its importance in such purchases.
May 11, 2021
Representing Azrieli in NIS 860 Million Agreement with SolarEdge
Our firm represented the Azrieli Group in an agreement with SolarEdge to build the solar energy company’s new campus, at an investment of approximately NIS 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. Advs. Terry Almozlino Arnon and 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. Dr. Zvi Gabbay was 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. According to Zvi, 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.
August 13, 2020
Supreme Court Reduces Protection for New Apartment Buyers
A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "
August 10, 2020
Real Estate Investors: What to Know about Purchasing an Apartment Following the Decision to Lower Purchase Tax Rates
The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Liat Keisary’s guide for investors published by Mako.
July 10, 2020
Roundtable Article of Urban Renewal Experts
In the weekend edition of Yedioth Ahronoth, urban renewal experts gathered to discuss burning questions in the field. Representatives from our firm commented on what alternative housing is and when a tenant is entitled to it