Commercial news from Israel - 9th December 2024

Most of you know that for about 40 years, in my "second life," I've served as a Colonel (res.) in the world's best Air Defense Force, at the IAF. (it's even on the under of the TV screen).

During my reserve service, I've worked extensively with General Corella's team from the U.S. ARMY, learning valuable lessons that can be summed up in five words.

Measure twice, execute precisely once.

I bring these insights to the commercial real estate world.

Every office relocation should start well before the moving date, with meticulous preparation and a skilled team of professionals.

First, you need a company team that precisely defines their real estate needs for the coming years (Minimum 4), with special attention to remote work considerations and future growth.

They're joined by a professional broker who serves as the POC (Point Of Contact) for the entire process, a TOP architect, and an excellent project manager.

We've replicated this process dozens of times. Many companies repeatedly return to use our services and can testify to the outstanding results.

I'd love to share our accumulated knowledge with you and ensure that your process is, as always, smooth and enjoyable - and I'll be with you right up until the Mezuzah is mounted on your office door.

Commercial real estate in Israel

A subsidiary of Mahadrin Ltd. in negotiations for the sale of 40% of its rights in real estate in an area of approximately 32 thousand square meters in Netanya for NIS 82.4 million. In the first phase, the parties will work to establish a joint project with an area of approximately 106 thousand square meters.

Mebane Real (KD) Ltd. entered into lease and management agreements with Fatal Workspace and Switch Up Ltd. in the embankment project in Tel Aviv, on an area of approximately 24,500 square meters for an average annual consideration of approximately NIS 45 million.

Commercial real estate overseas

Hertz Properties Group Limited entered into an agreement to sell the company's property located in Lake Charles, Louisiana, for approximately $2.9 million.

A consolidated company of Extell Limited has completed a deal for the sale of the land 2288 Third Avenue in exchange for about 70 million dollars.

Real estate in the headlines

The Alto real estate fund sold a property for NIS 180 million in the state of Virginia (TheMarker).

The Hajaj brothers purchase 25% of Rani Zim shopping centers for NIS 520 million (TheMarker).

Guy is sure: after the war ends there will be a "boom", and this is the sector that will be positively affected (Globes).