Commercial real estate news releases from Avison Young Canada

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Commercial news from Israel - 23rd September 2024

September 23, 2024

Let's be the head and not the beeper.

When Achilles was born, there was a prophecy that he would die young. To prevent his death, his mother immersed him in the river Styx that was supposed to protect him, but since his mother held his heel, this limb was not washed away in the river's waters, and thus Achilles' entire body became invulnerable except for his heel. In the myths, it is said that Achilles died as a result of being hit by an arrow in war, and thus a hero who was considered invincible was killed by a simple blow to the heel.

Neither Nasrallah nor Hezbollah imagined in their wildest imaginations that an attack on the beeper would lead to such a significant military paralysis in their organization.

Like Achilles and Nasrallah, some of the office buildings also have a relatively small potential weak point, which, if it is not preserved, operated and maintained properly and in the most professional manner, may cause heavy damage to the tenants, without them even being aware of the possible danger.

The Comms rooms & shafts.

In the last months we researched and delved into the subject, we have solutions and we will share them in the following posts. In the meantime, talk to us as soon as possible about the challenge in your building and we will be happy to help.Commercial real estate in Israel.

Rani Zim Shopping Centers Ltd. agreed in the memorandum of understanding for the sale of a project in Paradis, with a total area of approximately 6,100 square meters, approximately NIS 13.8 million (for reporting).

Commercial real estate in Israel

A company held by Israel-Canada (T.R.) Ltd. has entered into memorandums of understanding for the acquisition of Brown hotels in Israel and Greece, which includes approximately 1,850 rooms.

Commercial real estate overseas

A company from the Mivne Real Estate Group (K.D.) Ltd. entered into an agreement for the sale of all its rights in land in an area of approximately 58 dunams on which a shopping center and offices with an area of approximately 29 thousand square meters Sunnyside Mall in Bedford, Canada, for 39.5 million Canadian dollars.

Real estate in the headlines

Reit 1 will invest NIS 300 million in a commercial and industrial park in Ashkelon (Calcalist). Guy is sure: after the war ends there will be a "boom", and this is the sector that will be positively affected (Globes).