Commercial real estate news releases from Avison Young

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

Commercial news from Israel - 15th July 2024

July 15, 2024

This week marked more than nine months of war with the Hamas since the massacre of October 7. Israel and the world await for Hamas' response to the plan presented by President Biden and Prime Minister Netanyahu for the return of the hostages and a ceasefire.

Buildots secures $15 million in funding for AI-driven construction management platform The Israeli startup’s platform provides a performance-driven approach that measures individual tasks, increasing overall efficiency, and lessening costs, while reducing delays by up to 50%.

I believe that sooner, rather than later, a ceasefire will come. The Middle East will face stability and rehabilitation in Gaza, a new order on the Israeli border with Lebanon and, the most important event for the area and the world, a normalization agreement between Saudi Arabia and Israel. There is much to wait for.

This week, my Hebrew post discusses the process of leasing a studio for an Israeli top designer. You can read it on my FB, LinkedIn or I can send it to you.

A subsidiary of BLUE SQUARE REAL ESTATE LTD entered into an agreement to sell its building rights in Seattle, Washington, USA for $55 million.

A Serbian subsidiary of BIG SHOPPING CENTERS LTD has signed an agreement to acquire a mall (49,200 Sq.m) in Novi Sad, Serbia, for €177 million.