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CBRE closes Israel deal.


Indicative of CB Richard Ellis's global reach, the firm's Long Island City Long Island City, area of New York City, in SW Queens co., SE N.Y., on Long Island. An industrial and residential district, it has a waterfront on the East River and is connected with Manhattan by the Queensboro Bridge. Manufactures include food products, machinery, furniture, and footwear. Office growth has occurred there since 1980. The Isamu Noguchi sculpture museum is there. and Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest metropolitan area. Tel Aviv is a tourist resort, with hotels and wide beaches. offices collaborated to secure a buyer and arrange the $10 million sale of an iconic ICONIC - International Conference on Electromagnetic Near-Field Characterization and Imaging commercial property
Commercial property
Real estate that produces some sort of income-producing property.
 in Israel.

In the transaction, New York-based investor Victor Schlesinger acquired the First International Bank building, located on one of Tel Aviv's most highly-trafficked thoroughfares.

Abe Gross of CBRE's Long Island City Office worked closely with his Tel Aviv counterpart, Stanley Behrman in negotiating the multi-faceted sales transaction on behalf of buyer.

38 Rothschild Boulevard in Tel Aviv, known as the First International Bank building, is a an 80,000-square-foot, eight-story commercial property situated in the heart of one Tel Aviv's most popular shopping and dining destinations.
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Title Annotation:CB Richard Ellis Inc
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:7ISRA
Date:Jul 20, 2005
Words:119
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