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September 25, 2016 / 22 Elul, 5776

Posts Tagged ‘Real Estate’

Mixing Business with Pleasure

Monday, April 11th, 2016

Sun Bat Yam is a spectacular new seaside real estate project. It is a large luxury hotel complex designed and built to the highest standards in one of the best locations in Israel. It is the brainchild of US businessman and entrepreneur Joshua Guttman and designed by Feigin Architects, one of the leading hotel and leisure real estate architect firms in Israel. Completion is scheduled for the third quarter of 2018. When open for business, it will be an important addition to Israel´s hotel scene in general and business tourism in particular.

The complex is unique because it combines tourism with real estate investment. It will yield respectable annual yields of not less than five percent of the investment in the first two years of operation, plus investors will have a holiday home in Israel by the sea. The grounds cover 15,000 square meters of lush landscaped gardens designed by a leading horticulturist. The complex is made up of two 28-floor towers with a low-rise annex that will contain, among other things, a 2,200 sq. m. convention centre, of which 1,500 sq. m. will be open space unobstructed by columns or pillars.

The superb convention centre will place Sun Bat Yam at the forefront of the country’s convention tourist industry. Consequently, most of the hotel rooms will be occupied by business tourists. This is a very important element in the investment side of the project.

The hotel itself will have 376 suites plus world-class public areas. These include a luxurious lobby, lounges, dining areas and restaurants, a ballroom, conference rooms and coffee shops. The complex will also include 4,000 sq m. of beachfront promenade with fashionable clothing stores, restaurants and cafes.

The complex will also feature a large gym and spa area with state-of-the-art equipment, wet and dry saunas and a semi-Olympic indoor swimming pool, as well as a Dead Sea pool and Dead Sea treatments. In addition, there will be an 80-meter outdoor infinity pool and direct access to the pristine sandy beach of Bat Yam.

The hotel will offer five types of guest accommodation, from 37-sq. m. studio units to three types of two-room apartments, varying from 52 to 61 sq. m. The largest unit will have three rooms and a floor area of 73 sq,m. All hotel units will have balconies with full sea views.

These hotel units will be rented out not only to hotel guests but will also be sold as real estate investments on a private land registry basis and can be resold without any limitations. Because of its prime location on the Bat Yam seashore, the investment value is potentially very rewarding, and one can expect hefty capital returns.

Bat Yam is part of the Tel Aviv metropolitan area, and seaside properties are very limited. The land on which Sun Bat Yam is being built is among the last reserves of seaside building land in the area, which means significant appreciation of the property in the future.

Einat Zakariya, who is in charge of marketing explains, “Investors in Sun Bat Yam will have the advantage of having a property that will potentially increase in value and yield a monthly income. In addition, they will have at their disposal accommodation at the hotel for 90 days a year.”

The increase in value is based primarily on location; the annual yield is based on the daily revenue of the entire hotel room pool. The unit owners receive 25% of the hotel pool revenue, divided among them according to the size of their unit. The unit owner pays no annual maintenance fees. When the unit owner occupies his/her unit, a daily management fee of $50 to $65 is paid according to the size of the property.

Zakariya says, “We believe that our annual income will be high because we expect a high occupancy rate. Sun Bat Yam, with its magnificent convention center and unparalleled business facilities, will be very business oriented. A large part of the clientele will be made up of business people in general and those attending the conventions held in our complex in particular. This clientele will make the hotel less dependent on the seasonal fluctuations of the tourist season; consequently, our expected occupancy rate will be higher than the annual 71% occupancy in the Tel Aviv area. And increased occupancy means increased income.”

She adds, “With regard to their 90-day annual stay at the hotel, they will be required to reserve accommodation nine months in advance if they want to use their occupancy option in the high season, especially Passover, the High Holy Days or July and August. They will be able to have accommodation anytime they want, provided their unit — or at least a similar sized unit or a larger one — is available.”

For more information, go to Sun Bat Yam.

Stephen Barker

Anti-Semitism in Philadelphia on Full Display at Community Meeting

Sunday, March 6th, 2016

A Philadelphia City Council Member is taking steps to deal with a full display of ugly anti-Semitism that turned a meeting on gentrification of his neighborhood into a free-for-all.

City lawmaker Kenyatta Johnson last week proposed a bill authorizing the Human Relations Commission to publicize and enforce an ordinance to “regulate the conduct” of registered community organizations (RCOs).

“Organizations with RCO status have an official relationship with the City of Philadelphia, so we must ensure that they operate with a level of decency and order,” Johnson said. “The vast majority of RCO’s work very hard and play a vital function in the development process. This bill will hold all RCO’s to the same standard and ensure that there is a level of accountability.”

The move followed a raucous round of anti-Semitism aimed at Jewish real estate developers two weeks ago at a local meeting about gentrification in the Philadelphia neighborhood of Point Breeze.

“I want to go on record stating that that language is totally inappropriate, and shall not and will not be tolerated, but most importantly, does not reflect the sentiments of the loving and caring people who reside in Point Breeze,” Jphnson said in a statement to media.

“I’ll be the first to say that gentrification is a controversial issue by which people often disagree, and meetings in gentrifying neighborhoods are contentious and emotionally charged. I understand that. But hateful comments about one’s race, ethnicity, religion, gender identity or sexual orientation will not and should never be tolerated.”

Activists with the Concerned Citizens of Point Breeze were clearly angry at the meeting on Feb. 22 about the city’s gentrification project for their neighborhood. They aimed their rage directly at the Jewish real estate developers who were presenting their plans for the project, including one wearing a kippah.

“Go back to Israel!” the developers were told, along with a few other choice insults, according to a report by Philly.com.

“This was not one person with a screw loose. This was a mob mentality,” said local Jewish developer Ori Feibush, who was not presenting at the meeting but was in attendance.

Feibush has dual U.S. and Israeli citizenship, according to the Philadelphia Jewish Exponent. He grew up in the city and is a Philadelphia native. “This is not an isolated incident. There’s been a crescendo over the last several years. But this was incredibly antagonistic. No ambiguity: This was 100 percent anti-Semitism.”

According to an eyewitness who asked Philly.com not to use his name, one person yelled, “Go back to Lakewood!” The reference is to a specific, Orthodox Jewish enclave in New Jersey.

The local chapter of the Anti-Defamation League was also informed and had reached out to the various entities involved.

The Concerned Citizens of Point Breeze never returned the call.

Hana Levi Julian

PM Olmert, Two More Holy Land Hotel Defendants to Start Prison Terms

Sunday, February 14th, 2016

On Monday a new chapter will be written in Israel’s annals of politics and crime, as former Prime Minister Ehud Olmert (Kadima) enters white-collar Ma’asiyahu prison near Ramla for 27 months for receiving a bribe and deception. Olmert was originally sentenced to six years, but the high court acquitted him on one major indictment. Supreme Court Justice Salim Joubran wrote in his opinion that Olmert “is a public servant who embezzled money and betrayed the public’s trust, for which he must be punished.”

Olmert will be staying at Division 10 at Ma’asiyahu, set up for normative inmates who committed relatively light crimes. He will share a cell with two other inmates, dine at the division’s own mess hall and be able to use the gym. In one year he could appeal for a sentence reduction.

Danny Dankner and Meir Rabin, two of the defendants who were convicted in the Holy Land Hotel scandal, will also begin serving their sentences on Monday, after Supreme Court Justice Miriam Naor rejected their petition to receive another hearing in their case and to lighten their punishment. Naor ruled that neither defendant’s case revealed any exception that would justify an additional hearing.

Dankner was convicted in the Tel Aviv District Court, along with other defendants, and last month the Supreme court accepted his appeal partially, reducing his sentence from three to two years. Dnakner was convicted of giving bribes and money laundering.

Meir Rabin, who served as an aide to Shmuel Dachner, who ended up turning state’s evidence, was convicted of taking about $350,000 from Dankner, to help the latter re-zone lands owned by his family. He will serve five years, on receiving a bribe and money laundering.

JNi.Media

New American-Style Community Underway in Ramat Givat Zeev

Tuesday, January 19th, 2016

Rav Bezalel Rudinsky, rabbi of Congregation Ahavas Yitzchok, and Rosh Yeshiva of Yeshivas Ohr Reuven and Yeshivas Darchei Noam of Monsey, has joined in the development of a brand-new, American-style community in Ramat Givat Zeev, located minutes from Jerusalem.

“The idea, bezras Hashem, is to help members of our community here in the States have everything that we have here but with the zechus of being in Eretz Yisrael, with a unique emphasis on building an all-inclusive community where everyone feels connected,” said Rav Rudinsky. While the community is still in the preliminary stages of construction and development, some 200 English-speaking families already have purchased private homes and luxury apartments in the neighborhood. Select apartments remain.

“The concept is basically to create a unified communal lifestyle in Eretz Yisrael,” Rav Rudinsky explained. “And for the families with younger children, to have in place an educational system similar to what we have in the U.S.” After fully functioning, the neighborhood will include an American-style yeshiva.

Under the planning and management of Chish Nofei Israel, Ramat Givat Zeev will be an upscale, Torani community built to include high standards of construction and infrastructure, only minutes outside of Jerusalem. The neighborhood will blend Torah living with modern recreational and commercial centers, complete with all necessary services and amenities, including schools, yeshivas, shuls, shops, and parks.

Ramat Givat Zeev is bound to be a magnificent, dream-come-true community for those looking to invest in a future in Eretz Yisrael.

Daniela Berkowitz

Trend: Israeli Businesswoman Shari Arison Buying 1,000 Berlin Rentals

Tuesday, October 6th, 2015

(JNi.media) American-born Israeli businesswoman Shari Arison, considered Israel’s wealthiest woman, has completed the purchase of as many as 1,000 rental apartments in Berlin, in an overall deal worth $145 million, several Israel newspapers reported Tuesday.

ADO Properties, a Frankfurt exchange subsidiary of ADO Group, a real estate company listed on the Tel Aviv Stock Exchange, which is a subsidiary of the Shikun & Binui construction Group, controlled by Arison, has finalized a deal over the Sukkot holiday to pick up a 95% ownership in between 885 and 1,000 housing units. The units, built for rental, are located in Prenzlauer Berg, in the southern part of the borough of Pankow; Kreuzberg — one of the best-known areas of central Berlin; Neukölln, located in the southeastern part of the city, formerly part of the American sector; and Pankow, in north Berlin.

The average annual rental on these apartment is $7 million. ADO Properties will be funding the deal out of its large cash holdings.

Shari Arison was born in New York, the daughter of the businessman Ted Arison and Mina Arison Sapir. In 1966 her parents divorced, and she moved to live with her mother in Israel. At age 12 she returned to the US to live with her father, and five years later came back again and enlisted in the IDF.

In 1999 Arison inherited from her late father 35% of his possessions, and four years later she was the subject of major protests after firing 900 employees of Bank Hapoalim.

Berlin has been a popular destination for Israelis for more than a decade. The German website israelisinberlin.de has written recently that “more and more Israelis leave their homeland for Berlin. The reasons may be financial, personal or political, but the basic factor is that a growing group finds that life in the war-mongering right wing government of Israel is unbearable. Cheap, multicultural Berlin attracts a growing Israeli population.”

Jewish Press News Briefs

No Longer Just a Dream: Construction in Ramat Givat Zeev in Full Swing

Tuesday, September 22nd, 2015

— COMMUNICATED —

Development work for the brand new Ramat Givat Zeev neighborhood, located in the outskirts of Jerusalem, is in the final stages of completion. The upscale project is well underway, as buyers will be able to move into their dream homes in this great community within 24 months.

The project, which has already been dubbed the “Orthodox Caesarea”, has seen rapid development and acclaim. Hundreds of families in Israel and from abroad who have already purchased apartments are waiting with anticipation as they watch their dream home being built.

Building the project situated above the new Givat Zeev neighborhood to provide maximum views, Nofei Israel has invested 40 million NIS in the development and plans to invest a total of 750 NIS in the project.

The neighborhood boasts 370 housing units of different styles to fit the diverse needs of this new community. There will be 130 private homes ranging in size from 250 to 450 square meters. There will be 240 apartments in 13 luxury apartment buildings that include 3, 4, 5 and 6 room apartments, garden apartments and penthouses.

The project’s 234 large and luxurious units mostly sold out during the preliminary development stage. Anyone who has already purchased, or is planning to do so in the near future, is taking advantage of the opportunity before the expected rise in prices. According to real estate industry experts, unit prices will rise at least 30 percent in the coming months because of the project’s demand and building specifications. All building permits have been issues and the work on the project is moving ahead quickly.

Ramat Givat Zeev will be an upscale, Torani community built to include high standards of construction and infrastructure. Modeled after homes in affluent Orthodox communities abroad, the homes and apartments in Ramat Givat Zeev will be beautifully finished. The gated community will include shuls with frequent Torah shiurim for men and women, mikvaot and chinuch institutions. Joining the community are several families making Aliyah together from North America.

In addition, the neighborhood will feature wide streets, walking paths and LED street lighting. There will several expansive green spaces, parks, gardens and playgrounds, as well as fountains and sports clubs. A shopping center and country club are being planned.

The neighborhood will blend Torah living, with modern recreational and commercial centers, complete with all communal services and amenities. Ramat Givat Zeev is bound to be a magnificent, dream-come-true community.

Daniela Berkowitz

Donald Trump Running to Be ‘Greatest President God Ever Created’ [video]

Tuesday, June 16th, 2015

Donald Trump, the billionaire real estate developer, casino owner, entertainment mogul, TV personality and father of a woman who converted to Judaism and says she observes Shabbat, tossed hit hat into the huge ring of Republican candidates for president Tuesday.

He probably holds the record for being the most frequent “almost candidate,” having hinted several times in the past he would run for president.

This time it is for real. He said in his announcement in a 45-minute speech in New York:

I am officially running for president of the United States, and we are going to make our country great again. Sadly the American dream is dead. But if I get elected president, I will bring it back bigger and better and stronger than ever before.

He boasted his net worth at $8.7 billion, twice the amount estimated by most sources, and said:

I’m really rich. I’m not doing that to brag. I’m doing that to say that’s the kind of thinking our country needs. We need that thinking. We have the opposite thinking. We have losers…. The greatest social program is a job.

Trump went on to state, without batting an eyelash:

I will be the greatest jobs president that God ever created.” I’ve watched the politicians, I’ve dealt with them all my life. They will never make America great again. They don’t even have a chance.

Polls show that Trump has a chance to win the Republican nomination, but he still is a long shot. He loves Israel, but it is questionable if American Jews love him. He has made statements disparaging blacks and Hispanics, so he can forget about most of them for support.

What might really be interesting is if he does not win the Republican nomination but runs as an Independent. third-party candidate. That would make for the most interesting presidential election since former Alabama governor and segregationist George Wallace’s four pitches for the presidency, earning him the description of America’s “most influential loser.”

Trump, like Wallace, is a gadfly and shoots from the hip, something like an American version of Israel’s Avigdor Lieberman before he got too smart for his own good. Trump has sworn up and down that President Barack Obama did not fulfill a basic qualification for the presidency by being born in the United States. Trump’s constant jabs at Obama, along with those of other “birthers,” finally forced the president to produce a birth certificate. Of course, the hard-core birthers said it was a fake.

Trump’s name is plastered on a variety of industries, from real estate to wrestling, media, golf course, a chartering company, ice cream parlor, a line of men’s wear, vodka, books, steaks and a golf course.

Being a maverick gives him the image of sticking by his word. When he says he loves Israel, he puts his money where his mouth is. Trump has a huge real estate project in Netanya, and his daughter Ivanka, who converted to Judaism, looks favorably on Israel for real estate investment.

Her husband is from an Orthodox Jewish family, and she has taken her conversion seriously, adding “Yael” to her name and saying that “we’re pretty observant, more than some, less than others.”

If “the Donald” is elected president, the United States will have its first Jewish daughter in the White House.

Her father hates President Obama with a passion and has said that he is Israel’s greatest enemy. Trump also is a fan of Prime Minister Binyamin Netanyahu.

Below are three videos. The first one includes parts of Trump’s speech today, the second one is from 2013, when Trump endorse Netanyahu for Prime Minister. and third is of Ivanka’s visit to Jerusalem in 2008.

Tzvi Ben-Gedalyahu

Printed from: http://www.jewishpress.com/news/breaking-news/donald-trump-running-to-be-greatest-president-god-ever-created/2015/06/16/

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