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CBRE closes Israel deal.

Indicative of CB Richard Ellis's global reach, the firm's Long Island City and Tel Aviv offices collaborated to secure a buyer and arrange the $10 million sale of an iconic commercial 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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