By Jewish Business News On Thursday, February 22nd, 2018

Japan Builds the World’s Tallest Wooden Skyscraper

  Japan’s Sumitomo Forestry, a timber and construction products company, plans to build a 70-story wooden skyscraper in Tokyo. 90 percent of the building dubbed the “W350 Project”, will More...

By Ido Biran On Sunday, February 18th, 2018

Len Blavatnik Pays Record $90 Million for Wildenstein’s Townhouse

Billionaire Leonard Len Blavatnik has invested $90 million in New York’s Upper East Side property, According to a report by the New York Post, this is the highest acquisition ever recorded for an asset in More...

By Jewish Business News On Sunday, February 18th, 2018

Teddy Sagi Sells Control of Brack at a Profit of NIS 300 Million

  Only nine months after he acquired control of Brack Capital Properties NV from Shimon Weintraub and Ronen Peled, Teddy Sagi leaves the company at a tremendous profit. Sagi sold his shares in the company More...

By Jewish Business News On Tuesday, January 23rd, 2018

Helmsley Trust Awards $18 Million Grant for New Research Tower at Haifa Hospital

  US Trust has awarded an $18 million grant for the construction of a new medical research tower on the Rambam campus and the University of Haifa, Israel. The Leona M. and Harry B. Helmsley Charitable Trust More...

By Shai Shalev On Friday, December 29th, 2017

Historic Pitkin Theater Sells for $53 Million to Shulem Herman

  The former historic movie theater, known as The Pitkin, in Brooklyn has been acquired by investor Shulem Herman for $53 million, making it the most expensive single-building deal ever seen in Brownsville More...

By Shai Genish On Sunday, December 24th, 2017

Reichmann Family Sell Jerusalem’s Luxury Hotel Waldorf Astoria for $130 Million

Canadian Reichmann Family has sold the Jerusalem Waldorf Astoria Hotel to French-Jewish businessperson Michel Ohayon, for $130 million. After six months of negotiations, an agreement was signed last Wednesday. The More...

By Shlomi Ella On Thursday, December 14th, 2017

Israeli Fattal Hotels Group and Swedish Pandox to Buy Jurys Inn Group For €907 Million

  Israeli Fattal Hotels Group together with Swedish hotel group Pandox have agreed to acquire the Irish Jurys Inn hotel group and brand from US investment firm Lone Star for £800 million (€907 million) More...

By Shiri Hadar On Wednesday, December 13th, 2017

Unibail-Rodamco Acquires Frank Lowy’s Westfield for $16 Billion

European property giant Unibail-Rodamco SE announced the acquisition of Frank Lowy’s Westfield Corporation to create the world’s premier developer and operator of flagship shopping destinations. More...

By Shlomi Ella On Sunday, December 10th, 2017

Teddy Sagi’s Brack-NV Buys Land in Dusseldorf for About €133 Million

  The real estate company Brack-NV, controlled by Teddy Sagi, is signing a strategic deal to expand its activity in the development of residential real estate in West Germany. The company reported that it More...

By Jewish Business News On Wednesday, December 6th, 2017

Trump Arranges a Fat Bonus for the Israeli Real Estate Companies in the US

  The decision last week by US President Donald Trump in the House and Senate to lower corporate tax rates is expected to have a significant impact on Israeli real estate companies operating in the United More...


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