Category: Aviv
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Tel Aviv ranked 41 for number of centi-millionaires
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Tel Aviv ranks 41st in the world in terms of the number of millionaires (those with investable liquid wealth of at least $100 million), according to the 2024 Millionaires Report by Henley & Partners and New World Wealth Research. The report found that there are 212 millionaires living in Israel,…
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Tel Aviv ranked 41 for number of centi-millionaires
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Tel Aviv ranks 41st in the world in terms of the number of millionaires (those with investable liquid wealth of at least $100 million), according to the 2024 Millionaires Report by Henley & Partners and New World Wealth Research. The report found that there are 212 millionaires living in Israel,…
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Melisron buys Aviv Development stake for NIS 625m
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This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Osif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million. Leora Ofer’s Melisron (TASE: MLSR) has acquired the entire stake in Aviv Development, owned…
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Foreign airlines resume Tel Aviv flights after pre-emptive strike
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It was business as usual at Ben Gurion Airport today, with 60,900 passengers expected to pass through on 353 international flights arriving and departing. Yesterday, more than 50,000 passengers passed through the airport, despite Israeli airspace being closed for several hours in the morning due to the Israel Defense Forces’…
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El Al milks monopoly on Tel Aviv – New York flights
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Since the outbreak of war last October, US airlines have dramatically reduced their flights to and from Israel and have now cancelled all of them, leaving El Al Israel Airlines Ltd. (level:Ilal) as the sole carrier on the Tel Aviv-New York route. This situation was clearly demonstrated in El Al’s…
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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…