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Old June 30th, 2005, 12:51 AM   #101
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WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW!!!!!!!!!!!!!!!!!!!!!!!!!! This relatively small city puts many enormous metropolises to shame!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Incredible!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Old June 30th, 2005, 09:49 PM   #102
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hehehe yeah Tel Aviv has many skycrapers and more in the future....
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Old July 3rd, 2005, 02:29 AM   #103
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You can now see the Yoo Towers from above the ground now.

Originally posted by ZOHAR in the Israeli fourm
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Old July 3rd, 2005, 10:39 PM   #104
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Discount Bank to buy 13,000 sqm from Levinstein for NIS 200m

Levinstein is investing $40 million in construction of the entire 30-storey building.

Guy Yamin 3 Jul 05 11:33

Israel Discount Bank (TASE: DSCT) will buy from Levinstein 13,000 sq.m. of office space on 13 floors, plus underground parking places, in an office tower at the corner of Yehuda Halevi St. and Herzl St. in Tel Aviv for NIS 200 million.

Discount Bank currently rents the space at $19 per sq.m. per month, index-linked, for the first five years of a lease, and at $19.95 per sq.m. per month for the next eight years. Annual rent amounts to $3.15 million. The sale reflects a return of 7%. As a result of the sale, Levinstein has cancelled plans to raise NIS 200 million on the Tel Aviv Stock Exchange (TASE).

Levinstein plans to build an additional 17,000 sq.m. on 17 floors above Discount Bank headquarters. This space is not included in the deal with the bank. Levinstein is investing $40 million in construction.

Levinstein is a wholly-owned subsidiary of Meshulam Levinstein Contracting and Engineering Ltd. (TASE:LEVI).

Published by Globes [online], Israel business news - www.globes.co.il - on July 3, 2005
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Old July 3rd, 2005, 10:42 PM   #105
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Delek Real Estate sells Tel Aviv lot to US investors for $10.6m

The buyers will build 200 housing units on the site.

Guy Yamin 3 Jul 05 12:49

Delek Real Estate Ltd. (TASE:DLKR) last week sold a seven-dunam (1.75-acre) lot on Eilat St. in south Tel Aviv to a group of US investors for $10.6 million. Delek Real Estate bought the lot two years ago from Koor Properties Ltd. for $7 million. The lot is now being rezoned for residences.

The buyers apparently believe that they can develop the lot, building 200 housing units on it in the style characteristic of the Neve Tzedek neighborhood.

The buyers will reportedly pay $120,000 per land per apartment, after paying the betterment tax and the expropriation of land. Delek Real Estate's high asking price generated a profit of $3.6 million, which took the industry by surprise. The buyers also bought rights to buy an adjacent four-dunam (one-acre) lot from the Israel Land Administration (ILA) for $4 million.

Published by Globes [online], Israel business news - www.globes.co.il - on July 3, 2005
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Old July 10th, 2005, 11:32 PM   #106
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NIS 14m Ramat Gan stadium renovation for Maccabiah Games

The College for Management in Rishon LeZion is offering a special program for Jewish athletes participating in the games who wish to stay in Israel.

Globes’ correspondent 10 Jul 05 14:10

The Ramat Gan municipality has announced the completion of a NIS 14 million renovation project for the Ramat Gan stadium and the surrounding area for the17th Maccabiah Games. The Ramat Gan municipality provided NIS 4.6 million in financing, and the Ministry of Transport, Ayalon Highways, Yarkon River Authority, and Jewish National Fund provided the rest.

Israel Police Dan District has announced that it is ready for the opening ceremony of the 17th Maccabiah Games tomorrow. The police predict that the Ramat Gan stadium will be full for the event, and it has taken special security measures for the personalities expected to attend.

Those who remember the junkyard at the former Impulse discothèque in the access park to the stadium will not recognize the area, which has been replanted with grass, trees, shrubs, and flowers. The project also included rebuilding the streets in the area of the stadium and Ayalon Mall, and the Abba Hill St.-Ben Gurion St. intersection, the main access route to the stadium.

Free tuition for athletes who remain in Israel

7,000 athletes from 55 countries are now arriving in Israel for the Maccabiah Games. The College for Management in Rishon LeZion has announced a special program for Jewish athletes participating in the games who wish to stay on Israel, under which they will receive free tuition for one year for one of eight academic programs. The College for Management added that students could be eligible for additional aid, including rent, to help them get started in Israel.

Published by Globes [online], Israel business news - www.globes.co.il - on July 10, 2005
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Old July 10th, 2005, 11:35 PM   #107
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Minrav to build 2 bridges for Jerusalem-Tel Aviv railway for NIS 140m

Minrav Engineering has won a Hebrew University and Hadassah Medical Center tender for the construction of a 15,000-sq.m. biotechnology park for NIS 70 million.

Gal Nissim, Orit Bar-Gil, and Guy Yamin 10 Jul 05 12:24

Minrav Holdings Ltd. (TASE:MNRV) has won an Israel Railways tender for construction of two bridges for the Tel Aviv-Jerusalem line for NIS 140 million. The two 1,200-meter long, 7.4-meter wide, and 30-meter high bridges will be built near Latrun. These are the longest bridges under the Israel Railways work plan.

Minrav expects to begin work in a month and take 28 months to complete.

Minrav Engineering and Construction Ltd. has won a Hebrew University of Jerusalem and Hadassah Medical Center Ein Kerem tender for the construction of a 15,000-sq.m. biotechnology park for NIS 70 million. Minrav Projects CEO Dror Kuznietzky said the project included planning and construction of the park, as well as operating it for 25 years.

The IDF residences administration is in advanced negotiations with Minrav Projects 88 Ltd. for the purchase of a Kiryat Ono lot, zoned for 90 apartments. There are two alternative methods for the purchase. Under the first alternative, Minrav will be the contractor, and the purchase price will be $9.4 million. Under the second alternative, if a contract is signed with different contractor for construction, the purchase price will be $9.9 million.

Published by Globes [online], Israel business news - www.globes.co.il - on July 10, 2005
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Old July 10th, 2005, 11:36 PM   #108
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Habima complex renovation battle heats up

The $40 million renovation plan involves changing the structure’s internal and external facades and shape.

Ron Paz 10 Jul 05 13:34

“MKs should come together as one to prevent irreversible damage to one of Israel’s most important cultural landmarks,” says the Society for the Preservation of Historical Sites in advance of a Knesset Education Committee discussion on the future of Habima Theater in Tel Aviv.

The Habima Theater complex will mark its 50th anniversary in two years. Since the fan-shaped structure and hall were built, they have been considered a cornerstone of Israeli culture.

In recent years, the Habima management, Tel Aviv municipality, and Israel Philharmonic Orchestra have been formulating renovation plans for the Habima complex, which, if carried out, will drastically change the structure’s internal and external facades, even though the building is included in the municipality’s list of buildings slated for preservation. It is also one of the key buildings in the area that UNESCO has declared a World Heritage Site. When the Tel Aviv municipality asked UNESCO for this designation, it signed a document promising to preserve the authenticity of the entire area, including the structures in it.

The Habima renovation plan, which is unofficially estimated at almost $40 million, includes converting the main hall into a rectangular structure, raising the roof and changing its shape, converting the adjacent Helena Rubinstein house into a rehearsal hall for the Israel Philharmonic, and other changes. No official detailed renovation plan has yet been submitted to the public, which is strongly opposed by the architects association, preservation groups and thousands of cultural aficionados.

Published by Globes [online], Israel business news - www.globes.co.il - on July 10, 2005
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Old July 10th, 2005, 11:45 PM   #109
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Way to go Tel Aviv....There is a construction boom going on in Israel... Israel of 2010 is going to be so different than the Israel of today.... much has and will change and for the better
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Old July 10th, 2005, 11:46 PM   #110
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yeah we need only silence and all things will OK!
Israeli economic is good situation too!
2000 start-ups will open this year (onlu 1200 last year and 600 in 2003)
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Old July 11th, 2005, 11:23 PM   #111
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Here are some recnet pics of Tel Aviv that I noticed.

Originally posted by beivushtang from SSP.






BONUS:Pano of the Tel Aviv metro area (includes Ramat Gan and Bnei Brak)
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Old July 11th, 2005, 11:30 PM   #112
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wonderful pics!
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Old July 12th, 2005, 11:56 AM   #113
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80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers planned for TA metro area in Ramat Gan and in Givataym



Discount bank tower under construction





[
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Old July 14th, 2005, 12:27 AM   #114
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Why does the Shalom Meir Tower need a crane to rennovate its top floors?

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Old July 17th, 2005, 02:19 PM   #115
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Thanks for the updates from Tel Aviv - a booming Mediterranean city.
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Old July 18th, 2005, 03:11 AM   #116
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Tel Aviv Regional Planning Board approves Ayalon Park visitors center

The $3 million center will hold seminars and international conferences on recycling.

Dalia Tal 17 Jul 05 15:37

The Tel Aviv Regional Planning and Building Board has approved a plan for a visitors center at the former Hiriya garbage dump, as part of the Ayalon Park. The Bracha Foundation will finance the $3 million center.

The four-dunam (one-acre) project will include Israel’s largest environmental and recycling educational center. The center will teach about waste, recycling, and ecology, and will hold seminars on garbage recycling and creative uses of garbage and recycled materials. It will also host international conferences on recycling. The center will have an ecological water purification system using pools with water plants.

As part of the project, it was decided to renovate a historic building used to make compost, which has a unique architectural façade. The structure will include a large showroom for temporary exhibits on environmental issues. It will also serve as a terminal for tours of the site, and later as an entry gate to the Ayalon Park, which the National Planning and Building Board approved as green lungs for the central district.

20,000 people visit the site every year, and the hope is to double this number.

Published by Globes [online], Israel business news - www.globes.co.il - on July 17, 2005
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Old July 18th, 2005, 03:12 AM   #117
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Tel Aviv Railway Red Line bid deadline postponed

The committee thereby granted a request by the competing consortia.

Gal Nissim 17 Jul 05 11:25

As expected, the deadline for submitting bids in the build, operate, transfer (BOT) tender for the Tel Aviv light railway Red Line has been postponed. The ministerial tenders committee announced today that the new deadline would be December 20, 2005. The committee thereby granted a request by the consortia in order to enable them to finish organizing themselves and submit bids.

The committee said that the Red Line would go into operation by 2012 at the latest. Ten kilometers of the 22-kilometer Red Line will go through an underground tunnel. The line begins in Petah Tikva and ends in Bat Yam. The cost of construction is estimated at over $1.5 billion.

Published by Globes [online] - www.globes.co.il - on July 17, 2005
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Old July 19th, 2005, 10:46 PM   #118
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Discount Bank buys 14 floors from Levinstein for $43.7m

Levinstein is building 17 floors above Discount Bank’s headquarters.

Guy Yamin 19 Jul 05 16:30

Israel Discount Bank (TASE: DSCT) has bought 12,500 sq.m. of office space for $43.7 million from Levinstein. Discount Bank bought 14 floors, plus underground parking places, in a 31-storey office tower under construction at the corner of Yehuda Halevi St. and Herzl St. in Tel Aviv.

This deal cancels the leasing contract between the parties. Discount Bank was due to rent the 14 floors at $19 per sq.m. per month, index-linked, for the first five years, rising to $19.95 per sq.m. per month for the next eight years. Levinstein would have earned $3.15 million a year in rent, reflecting a return of 7.2%. As a result of the sale, Levinstein has cancelled plans to raise NIS 200 million on the Tel Aviv Stock Exchange (TASE). Levinstein is a subsidiary of Meshulam Levinstein Contracting and Engineering Ltd. (TASE:LEVI) controlled by CEO Shaul Lotan.

The building will serve as Discount Bank’s headquarters, which are currently located nearby at Yehuda Halevi St. 27.

Levinstein is building 17,000 sq.m. on 17 floors above Discount Bank’s headquarters. This extra space is not part of the deal with Discount Bank. Levinstein is investing $40 million in the building.

Discount Bank sold the lot on which the building is located to Levinstein for $13.4 million in July 2002. The lot was originally zoned for a 14-storey building, but Levinstein subsequently obtained permits to add 17 more floors.

Published by Globes [online], Israel business news - www.globes.co.il - on July 19, 2005
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Old July 19th, 2005, 10:47 PM   #119
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Clalit sells Tel Aviv clinic for $5.3m

Clalit Health Services is examining two sites for its Zamenhof St. clinic. It plans to sell its clinic on Haro’eh St in Ramat Gan.

Guy Yamin 19 Jul 05 16:56

After treating patients at its Zamenhof clinic in Tel Aviv for 75 years, Clalit Health Services has sold the property to a developer for $5.3 million. The Zamenhof clinic was one of Clalit’s best-known symbols. The four-storey building had 4,700 sq.m. of built-up space, including a 500-sq.m. basement. The property was recently offered for sale by tender, which attracted a great deal of interest, although only three bids were ultimately submitted. Under the Urban Building Plan, the property is zoned for public use, with 225% building rights, which are fully used.

The winner of the tender can build either a public structure, such as a college or community center, or rezone the lot for residences. The existing structure probably cannot be demolished, since it classified for preservation without severe restrictions, which means that internal structures can be changed.

Clalit is expected to vacate the clinic by the end of 2006, and possibly sooner. It is now examining two sites for two new clinics in areas with better access to public transport and parking.

Clalit also plans to sell by tender its clinic on Haro’eh St in Ramat Gan, transferring services to new sites in the city. The building is worth an estimated $3.2 million, or $900 per sq.m.

Clalit said it was negotiating with Housing and Construction Holding Co. Ltd. (Shikun u'Binui) (TASE:HUCN) subsidiary Secom Ltd. to rent 4,000 sq.m. in the BSR Towers in Bnei Brak. Clalit will probably pay $11 per sq.m. per month in a long-term lease. Secom owns the lower six floors in the 31-storey building, which has now been completed at the corner of Abba Hillel St. and Ben Gurion St.

Clalit manages over one million sq.m. of property.

Published by Globes [online], Israel business news - www.globes.co.il - on July 19, 2005
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Old July 27th, 2005, 10:52 PM   #120
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2 new towers in Tel Aviv Metro(Ramat Gan) 30 floors!!!
near to City Gate tower
great news...
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