josh007

Shouldn't this be in Bon Bonim, since it has to do with construction.

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Livni

no because I think bonbonim should be only for israeli projects.

Livni

las vegas -

new frontier hotel has been torn down to make way for the plaza hotel and casino:

http://news.walla.co.il/?w=//1194762

Livni

Canada / Toronto

Mishorim and Israel Land planning NIS 1b Toronto skyscraper
Skyline International Development plans to float on London's AIM.
Globes' correspondent 10 Dec 07

Israel Land Development Company and Mishorim Development Ltd.'s Canadian real estate subsidiary Skyline International Development Inc. have bought a lot in downtown Toronto from the property's receiver for C$24.1 million (NIS 92 million). The lot is occupied by a parking lot, and Skyline plans to develop a 41,750-square meter 55-storey office, hotel, and residential skyscraper on the lot. The company also plans to apply to add 5,000-10,000 square meters in building rights.
Israel Land estimates the cost of construction, not including financing expenses, at C$138 million (NIS 527 million) and predicts a profit of $115 million (NIS 440 million) on C$253 million (NIS 967 million) proceeds.

TalB

Globes [online] – business and technology news from Israel
Sheleg buys Los Angeles residential lot

The company is also looking at a Las Vegas residential project

Globes' correspondent 24 Jun 08 17:15

Sheleg Textile Ltd. (TASE: SHLG) has bought a 21.25-acre lot in Los Angeles slated for the construction of 86 housing units for wealthy buyers. The company paid $4.5 million for the land, and expects to invest $35 million, not including financing costs, in development.

Sheleg expects to complete the design and obtain building permits for the project within a year and complete it by 2012.

In a separate development, Sheleg is conducting due diligence on a residential project in Las Vegas, and has deposited $500,000 in an escrow account for this purpose. The project comprises of 186 apartments in six buildings, two of which have been completed, and a community center. The company will pay the sellers $7.2 million when the due diligence in completed. The project is due to be completed in 2011.

Sheleg also announced that it is negotiating with Excellence Nessuah chief economist to invest in the company.

Sheleg is a stock market shell. Real estate developer Abraham Roimi acquired 68% of the company earlier this week from ILD Insurance Co. (TASE: ILDH) chairman Ron Weissberg.

Published by Globes [online], Israel business news - Globes [online] – business and technology news from Israel - on June 24, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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