Category: Aviv
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Passengers shun Tel Aviv light rail
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The Tel Aviv Light Rail Red Line opened exactly one year ago, promising to transform transportation, employment, real estate and the entire economy of the greater Tel Aviv area. Yet commuters remain skeptical, trains are slow and urban transport is weak. But in commerce and employment, we are seeing the…
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Tel Aviv light rail construction plagued by delays
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Major changes are underway deep inside Tel Aviv’s Ibn Gabirol Street. Tunnel boring machines have passed under the intersection with Nordau Street and reached what will become the Arlozorov station. The Green Line of the Tel Aviv Light Rail will extend from Rishon LeZion in the south via an underground…
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Tel Aviv TAMA 38 residential building plans in disarray
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Tel Aviv’s residential construction plans have been thrown into disarray by the Tel Aviv-Yafo municipality’s decision not to extend the Tama 38 project, which will reinforce and expand existing buildings to protect against earthquakes. A series of projects promoted in recent months will be halted and tenants will have to…
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Tel Aviv Port penthouse sold for NIS 36m
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A 243-square-meter penthouse apartment in the Hagag Group’s (TASE: HGG) Port TLV Residence project was sold for NIS 36 million. This is a new project that is set to occupy a long and complex history. Port TLV Residence is built on five privately owned plots of 2.5 dunams (2,500 square…
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Israelis flee Tel Aviv for more affordable housing
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Moving to Tel Aviv and living in the big city is often a stage in the lives of many young people. As the economic center of Israel, it is clear why Tel Aviv is a magnet for young people from all over the country. However, new data reveals that in…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tel Aviv fast lanes set to open next year
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Construction is currently underway on express lanes to Tel Aviv on the Ayalon Road (Route 20). The lanes are scheduled to open gradually next year, and will extend from Rishon LeZion in the south to Shefayim in the north, with parking lots for thousands of vehicles at each end. The…
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Tender for Tel Aviv congestion charge operator on horizon
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The congestion charge law was passed as part of the economic reform arrangements law accompanying the 2021 budget, and is scheduled to go into effect in 2025, although the transportation minister and finance minister have the authority to delay it until 2026. Globes has now learned that the finance ministry…
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Google leases 20 floors in new Tel Aviv tower
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Income-producing real estate companies Amot Investments Ltd. announced. (TASE:AMOT) and Bayside Land Corp. Ltd. (Gav Yam) (TASE:BYSD1), which is currently building the ToHa2 tower in Tel Aviv, has officially signed an agreement with Google to lease 60,000 square meters in the tower for NIS 155 million annually. The agreement is…
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Israeli-owned Blue Bird fills vacuum in Tel Aviv flights
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While foreign airlines were delaying resuming flights to Israel, Blue Bird saw the potential and resumed operations at Ben Gurion Airport in February. The Iranian attack in April also failed to deter the Greek-registered, Israeli-owned tanker, partially filling the void left by foreign tankers. Blue Bird currently operates flights from…
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Israel Canada buys prime Tel Aviv site for NIS 443m
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A 45-storey tower will be built on the site between Dubnov Street and Leonardo da Vinci Street, which is currently used as a car park. The parking lot located at 4-6 Dubnov Street in central Tel Aviv, between Dubnov Street and Leonardo da Vinci Street, was sold at an Israel…
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Hamas fires missiles at Tel Aviv, prompting first sirens in months By Reuters
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Written by Nidal Al-Mughrabi and Emily Rose CAIRO/JERUSALEM (Reuters) – The Islamic Resistance Movement (Hamas) said it fired rockets at Tel Aviv on Sunday, prompting sirens to sound in the Israeli city for the first time in four months, as the Palestinian movement seeks to demonstrate military strength despite… The…
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Carasso to build 3 towers on Tel Aviv head office site
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Earlier this week, the Tel Aviv Local Planning and Building Committee approved a plan for the Reval Street area promoted by the Karasu Group, the company said this morning. The area between Reval, Yagia Kabaim and Yad Harutzim streets is 14 dunams (3.5 acres). Karasu plans to build three towers…
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Tel Aviv looks to the skies
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Over the past decade, the number of high-rise buildings in Tel Aviv has increased by 50%, and this number will now double over the next decade. Tel Aviv’s skyline, which has changed much in recent years, will change even more dramatically, as high-rise towers overlook the proudly preserved smaller buildings…
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Central Tel Aviv lot fetches NIS 644m
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Acro Real Estate (TASE: ACRO) and Kata Group won the Israel Lands Authority auction for the Israel Military Industries (IMI) plot of land on Hashalom Street in central Tel Aviv with a bid of NIS 644 million plus NIS 67 million. Development costs. This amount is five times the minimum…