The Real Estate Group at Yigal Arnon & Co. is one of the oldest, largest and most experienced teams in Israel.
Our practice—which is consistently top-ranked by both domestic and international publications—represents some of the most prominent real estate development and construction companies in the country. We have also played a part in many of Israel’s largest real estate projects and transactions, whether undertaken by commercial companies or high-net-worth individuals from Israel or abroad.
For decades, we have represented clients in the full range of real estate transactions. This includes deals involving residential projects, public buildings, commercial projects, shopping malls, hotels, office buildings and joint ventures. It also includes acquiring real estate companies in Israel and abroad, purchasing groups, and planning urban renewal and other complex projects on private land or on Israel Lands Authority properties.
Our Real Estate team’s client list—which runs the gamut from local and multinational real estate companies, development companies and private developers to construction companies, building management firms and investment firms—includes buyers and sellers, tenants and landlords, and Israeli and foreign banks.
Because Yigal Arnon & Co. is a full-service firm, when appropriate, our tax and capital markets attorneys, as well as our litigators, can also provide relevant advice.
Almost all real estate deals require the formal registration of rights with the appropriate authorities. We manage all these requirements for our clients:
Yigal Arnon & Co. has extensive experience in real estate litigation—from pre-litigation negotiations through court proceedings—in all venues.
For example, we represent clients in myriad contractual and title disputes, including in real estate disputes, client-contractor conflicts, client-contractor disputes, collateral liquidation processes, insolvencies, dissolution of real estate partnerships, claims against minority parties blocking urban renewal (pinui binui and Tama 38), construction defect claims, landlord-tenant conflicts, disputes between rights holders in residential buildings, disputes regarding realtor services, administrative planning and building disputes, real estate-related torts, improvement levy (hetel hashbaha) processes, levy procedures, proceedings involving the Israel Land Authority, proceedings before the Supervisor of Batim Meshutafim (condominiums), land tax disputes.
We also represent local authorities and land owners in eminent domain procedures, in the courts and before land assessors.
Yigal Arnon & Co. is one of the only law firms in Israel whose real estate practice is able to provide a full range of advice on tax-related matters. Our tax counsel begins in the pre-deal stages—when we help our clients weigh all the alternatives and plan the best tax structure—and continues through pre-rulings from the tax authorities, performance of the deal, and preparing and filing the necessary reports with the Land Tax Authority. We also assist in negotiating with the government to set tax rates in large-scale projects.
Yigal Arnon & Co. has a very active cross-border corporate real estate practice. We work with Israeli, foreign and multinational clients to identify and maximize their commercial real estate opportunities outside of Israel, focusing on the hotel industry. We also negotiate and draft asset management contracts and joint venture documents, including in highly complex cross-border transactions. Thanks to our global network of contacts, which includes local real estate lawyers, we quickly assemble the experienced, multidisciplinary teams our clients require.
Urban renewal is one of the primary growth engines of Israel’s real estate sector. Given the scarcity of available land in city centers, as well as the aging of buildings and neighborhoods, these projects will become even more important in future years.
Yigal Arnon & Co. has the multifaceted expertise required in urban renewal matters, which are complex by their very nature. First, they involve real estate law, planning and building issues, tax matters, banking and finance law, and litigation. Second, they are multi-party transactions, with each party having its own financial and other interests. Third, each project has its own attributes and requires solutions tailored specifically to them.
We understand the financial and legal concerns and interests of key players in urban renewal deals. We also have a long and successful track record with transaction planning, and in representing clients in discussions with planning authorities, tax authorities and banks. In fact, Yigal Arnon & Co. assisted in forming the regulatory framework for bank financing of Tama 38 renewal projects.
Although most of our clients are developers and contractors, we also represent many homeowners in regard to urban renewal projects.
Yigal Arnon & Co. is a leader in urban renewal law. We:
Since urban renewal is a relatively new area, many lawyers in Israel have experience in drafting the contracts but not implementing them—especially not in regard to large-scale projects. Yigal Arnon & Co. has invaluable hands-on experience, having been involved in several projects where construction has already begun.