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Clal Insurance and Finance entered into an agreement with the Hagag Group to purchase 75% of the land on which two shopping centers and residential buildings will be built.
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Transport experts say Petah Tikva and Bat Yam, at the two ends of NTA's first light rail route, will see the greatest impact, but it all depends on suitable urban planning. ....
Hassan Arafa: Tel Aviv s new city within a city 13 high-rise buildings are planned for the district and the number is likely to grow. In recent weeks, two big real estate deals worth hundreds of millions of shekels in the Hassan Arafa neighborhood in Tel Aviv have refocused attention on this developing area between Hamasger Street and Menachem Begin Road. Ziv Yakobi, one of the three owners of Acro Real Estate, which was involved in the two latest deals, and many of the other deals in the district in recent years, said, If you look at Tel Aviv today you will see that there are new neighborhoods but there are no new districts of this size. In my eyes it’s a type of new city, both a business center and residential neighborhood, because of its scale and because of its location. ....