Urban Renewal

The valuation conducted by BDO boosted the quarterly results of the construction company Amram. The real estate company, which is traded on the Tel Aviv Stock Exchange, reported a threefold increase in profit to 165 million shekels.

The Government Authority for Urban Renewal has allocated 100 million shekels to subsidize reconstruction projects in Dimona and Arad. The funding aims to ensure the economic viability of building 760 new apartments to replace 253 units damaged by missile strikes.

The Tel Aviv Administrative Court rejected a petition filed by 48 residents against the project at the intersection of Raoul Wallenberg and Pinchas Rosen streets. The court upheld the use of easements to provide public access to open spaces, ruling it a proper balance between public needs and property rights.

After bringing Barak Finance into its structure, the company is looking for partners and may bring in institutional investors. The board of directors determined that despite the negative cash flow, there are no liquidity problems. The company published its reports for the second quarter, which show that the company sold 32 apartments in the quarter, compared to 10 in the previous quarter.

The real estate market slowdown is bypassing the leading urban renewal company. Aura sold 385 apartments in five days during the 'Hever' campaign, with revenue crossing the 1 billion shekel threshold for the first half of the year.

Luzon Ronson, owned by Amos Luzon, has filed a lawsuit against former Or Yehuda mayor Yitzhak Buchovza. The developer claims that the attorney's actions are jeopardizing a major urban renewal project.

Barak Finance will invest about 49 million shekels and hold 49% in a new company with Av-Gad, which will take on 24 projects in the center of the country. Bank Hapoalim is investing about half a million shekels in establishing a community space, a cafe, and a workspace at Hermon Square in Kiryat Shmona. And Samsung will launch a web series in addition to a fashion campaign to promote its new...

Yesodot Eitanim Urban Renewal and the Savionim Group have won a residents' tender on Ben Gurion Street in Kiryat Bialik. The project involves replacing 18 old apartments with 90 new units across two modern buildings.

The apartment spans 68 square meters and is located on the first floor out of seven. The real estate agent who represented the sellers in the deal notes: "There is currently activity in Nahariya and quite a few deals are being closed. People have gotten used to the security situation and have returned to the market." Plus more real estate deals from the last week.

Oron Nadlan and Midar have secured the necessary majority of apartment owners to advance a Pinui-Binui project in Jerusalem's Kiryat Menachem neighborhood. The plan involves replacing 84 existing units with 400 new ones.

The Appeals Committee rejected a building permit application due to objections from residents who were forced to give up a window in their apartment because of an urban renewal project. The judge returned the case to the local committee and ruled that it must examine additional options.

This involves the demolition of two buildings including 30 residential units and 14 commercial units on Ussishkin Street in the city. The old apartments will be replaced by a new project including 82 residential units and 16 shops in a 7-story building above a commercial floor.

The District Committee has approved an urban renewal (pinui-binui) plan for a complex significantly damaged during the war. Details on the cooperation between the Tidhar Group and the Ramat Gan Municipality.

After a missile strike damaged a Tel Aviv building, residents faced bureaucratic chaos. Lawyers successfully resolved the conflict between renovation compensation and the TAMA 38/2 demolition plans.

The Vatma'l (Committee for Planning and Construction of Priority Housing Complexes) has approved a massive urban renewal plan for the old center of Be'er Ya'akov; in Kiryat Yam, 180 apartments will be replaced by 826 apartments in buildings of up to 40 floors; and in Haifa Bay, planning is advancing for complexes with millions of square meters for employment and commerce and thousands of housing...

Ron Hochman, former CEO of Mizrahi-Tefahot Invest, is launching a new real estate investment firm. The company aims to build a portfolio of 1 billion shekels over the coming years.

The local committee recommended depositing a plan for the construction of a new residential complex on HaAliya HaShniya Street in Bat Galim. Instead of eight housing buildings from the 1950s, about 800 housing units, 5,000 sqm of commercial space, and 1,500 sqm for public buildings will be built. The plan also allows for doubling the area of the "HaAliya" school.

Following a recent court ruling that created uncertainty in the industry, the Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. What do real estate experts think of the proposed framework?

Building renewal is one of the most important ways to increase housing supply. After examining the situation in Tel Aviv, we checked which companies dominate in the other two largest cities — Haifa and Jerusalem.

The Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. The document was written following a recent court ruling that created immense uncertainty in the industry.

The Government Authority for Urban Renewal has announced a new call for proposals to subsidize 'pinui-binui' projects in Ashkelon. The state is investing significant funds to ensure the implementation of projects that are not otherwise economically viable.

This is a project on Ahad Ha'Am Street in the city. As part of the initiative, two old 4-story buildings were demolished in preparation for the construction of two new 8-story buildings with 42 housing units above an underground parking lot.

The house, in the Neve Amal neighborhood, was built in the fifties and sold for 3.8 million shekels. Prices for new cottages in the neighborhood range between 6 and 7 million shekels.

Construction costs have surged by 20%, stalling urban renewal projects in Israel. Before signing any documents under pressure, follow these professional negotiation rules from real estate appraiser Shmulik Cohen.

The government budget is intended to bridge the economic gap in 'pinui-binui' (evacuation-construction) complexes that are not profitable under market conditions, and to enable developers to move from planning to execution — subject to approvals and a tender.

Raul Sarugo and Ampa signed an agreement for the acquisition of his construction company, which holds rights to 6 urban renewal projects expected to include about 1,400 new housing units.

Which companies dominate the urban renewal sector? New data shows that a number of key players control the market in the Sharon area.

District Planning and Building Committees have advanced a series of urban renewal projects in Kiryat Gat, Kiryat Motzkin, Haifa, and Ramat Gan, totaling over 4,000 new housing units.

Three residential buildings containing 56 old apartments were demolished as part of an urban renewal project, and in their place, two 24-story residential towers containing 227 new apartments will be built. An apartment owner in the demolished building: "A sense of relief, pride, and hope."

The Tel Aviv real estate market sets the tone for the entire sector. New data from Dun & Bradstreet reveals which companies dominate urban renewal and how the nature of projects is shifting across the country.

Tiberias is launching an ambitious development plan featuring 7,000 new housing units, eight new hotels, and a promenade renewal. Mayor Yossi Nabaa emphasizes that urban renewal is vital to protect residents from potential earthquakes.

A study by BYNDbiz reveals that since October 2023, the price per square meter for older apartments without a Mamad rose by 11.2%, compared to only 2.6% for protected apartments.

The Ramat Gan municipality has launched a tender for a major assisted living complex to replace two aging facilities. The project will feature 400 units housed in a 35-story tower and a 10-story building.

Planning committees have approved a 1,700-apartment project in Ramla's industrial zone and a new student dormitory complex at the Weizmann Institute in Rehovot.

Isras, controlled by Shlomo Eisenberg, has increased its stake in the urban renewal developer Yaaz to 10%, with a total investment of approximately 20 million shekels, despite market challenges.

42 Jerusalem apartment owners have sued the President of the Jerusalem Regional Labor Court, Judge Sarah Breiner. The plaintiffs are seeking to enforce a renewal agreement or obtain 3 million shekels in compensation.

This week's real estate highlights include a new ranking of urban renewal leaders, government initiatives for mortgage subsidies, and major corporate moves. From land distribution for reservists to luxury market insights, here is the latest industry news.

The leaders of Israel's urban renewal market have been revealed. Despite criticism from the State Comptroller, the sector is growing, with Aura and Azorim maintaining their positions as the largest developers in the 'pinui-binui' segment.

Who dominates the urban renewal market? The new Duns 100 ranking by Dun & Bradstreet identifies the leading Israeli development companies in the 'pinui-binui' sector for 2026.

A Jerusalem apartment owner refused to sign an urban renewal agreement, claiming the developer's profit exceeded the threshold set by Standard 21.1. The court clarified that the standard establishes a minimum profitability floor to ensure project viability, not a maximum ceiling. Analysis by urban renewal expert, Advocate Dan Helpert.

Ili Bar, co-CEO of the urban renewal company Eco City, explains why, despite the slowdown in the residential sector, deals are still happening, including in Tel Aviv; he discusses a 200 million shekel investment by Menora Mivtachim and warns: "Fewer projects are getting underway today, and this will come back to us like a boomerang."

A rapid urban renewal plan for Ahuza Street in Ra'anana will increase density by hundreds of percent. This is just one of 100 projects being promoted around the Gush Dan metro, set to add 300,000 new apartments.

Recently, there has been a growing wave of urban renewal projects "changing hands." Large, financially resilient companies are replacing smaller developers who have struggled to advance their projects. What does this mean for residents, and how can they protect their rights?