Commercial Real Estate

  • S. Horowitz & Co. is recognised as a real estate leader, acting on some of the largest and most complex real estate projects and developments in Israel.  We act on all legal aspects of commercial real estate projects including acquisitions, dispositions, "combinations" and other forms of joint ventures, property and retail development, energy and infrastructure real estate projects, construction, sale and leasebacks, commercial leasing and real estate financing.

     

    Our clients include international and domestic developers, owners, managers, concessionaires, project companies, developers, consortiums, financial institutions, civil engineers, architects and government companies and agencies. Working together with our environmental, planning and land use, construction and infrastructure, real estate tax and other practice groups enables us to deliver to our clients a dedicated partner-led service of the highest quality for virtually every kind of corporate real estate matter.

     

    Our expertise includes:

     

    • Negotiating commercial real estate related agreements
    • Structuring and formation of joint venture and "combination" agreements
    • Handling negotiations with the Israel Lands Authority
    • Advising on environmental laws and all necessary regulatory and zoning permits relating to intended land use
    • Acquisition, leasing and sale of office buildings, research and development centres, retail centres, vacant lands and other portfolios of properties
    • Representing developers with respect to all types of real estate development projects
    • Working with international property advisors on commercial lettings for multinationals setting up business in Israel
    • Representing lenders in connection with real estate financing transactions
    • Handling all aspects of real estate and construction related litigation
    • Representing a conglomerate of hundreds of private land owners in a real estate project worth $250 million for the construction of over 400 housing units in the largest residential development currently taking place in Tel Aviv - "Kikar Hamedina" - one of the most prestigious districts of the city of Tel Aviv, representing the owners of the project in negotiations with contractors regarding both combination and construction services agreements, and acting for the land owners in various proceedings against the Municipality of Tel Aviv in connection with the project
    • Representing Minrav Engineering and Construction Group Ltd. in its agreements with the Rambam Hospital in Haifa relating to a complex high value engineering project that included the construction of a three level underground car park (convertible into a 2,000-bed emergency hospital), two new hospital towers and a system of underground walkways between the various buildings within the hospital
    • Representing the Weizmann Institute of Science on a number of complex real estate transactions, including acting for the Institute in a combination real estate transaction relating to the construction of the Tamar Science Park (a 25 acre property development), the planning of a second residential area for the Institute's scientists, and the acquisition from the Africa Israel Group of 40% of the freehold title in the office buildings situated in the Kiryat Weizmann Science Business Park for NIS 201 million (approximately US$ 50 million)
    • Representing the Paz Oil Group, Israel’s largest fuel company, on the sale of all its rights in a major industrial site at the Pi Glilot junction to Israel Canada Group and other investors for NIS 106 million (approximately US$ 26 million), and in the reconstruction of high value sites in Jerusalem
    • Representing a number of major developers with regard to all matters concerning quarry construction, including the development of industrial zones and obtaining permits for quarrying.  Such representation included obtaining a favourable ruling in judicial review proceedings that set aside proposed changes to zoning laws which would have effectively prohibited the use of certain land for quarrying purposes
    • Representing E.S.P.Y. Ltd., an environmental projects company, in administrative and civil law matters relating to Israel’s largest construction waste landfill site, with regard to permits to operate, zoning and construction, and in civil proceedings against the Israel Lands Administration relating to the client’s rights to operate and use the landfill
    • Representing Beit Berl College in resolving disputes with the Berl Katznelson Fund concerning the land on which the college is located and on other operational matters
    • Providing ongoing counsel to the Military and Hospitaller Order of Saint Lazarus of Jerusalem, including facilitating the restoration of its historic seat to Jerusalem
    • Negotiating terms and conditions and obtaining increased building rights for vacate-and-build urban renewal projects in the towns of Givataim, Petach Tikva and Holon
    • Providing on-going counsel and project advice to the Paz Group, including advising on a joint venture for the construction of a commercial centre at Kibbutz Ein Gedi