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 - 29th July 2024

July 29, 2024

In mid-April, the owner of one of Israel's leading Flex Space companies called us and asked for our help in finding an office space for his mother's best friend, Yael, a veteran and experienced businesswoman who is opening a new international insurance activity in Israel. Gave the name of her personal assistant, Noam and asked only one thing - VIP treatment.

We spoke with Noam and immediately understood the need. A very respectable office, in an AAA building, only in the CBD of Tel Aviv, a building with financial client characteristics. The challenge: Noam has already seen almost every piece of real estate in the desired area.

In a brainstorming session of Einat, Ayelet and Liat Avison Young Israel's real estate professionals, the right property immediately came up and 24 hours after the conversation we already toured with Noam in the office that met all the criteria including a balcony facing north, perfect for the hot and humid conditions of the Holy Land. Noam was impressed, took a few photos and videos, said it was interesting and flew for a vacation abroad. When he returned, Yael flew abroad and so on. Only a month ago, we managed to get the two of them to tour the offices together, and they immediately asked for a meeting with the landlord.

The meeting was very "special" (call me and I'll tell you, there's a book whose name accurately describes what went on at the meeting) and as usual, crises arose, we solved it, anticipated issues and we gave answers and at the beginning of the week the lease agreement was signed.

When I asked Yael how the process went for her, she smiled at me and said, "You are not "brokers", you understand what it means to be a CEO who needs the services of brokers. You're not just doing real estate; you understand the business."

All our clients receive VIP treatment. Come and see for yourself and not just from a post or hearsay testimony.

A subsidiary of ASHTROM PROPERTIES LTD is negotiating the purchase of an office building in England (21,000 Sq. M) for £83 million.

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