The Real Deal New York

Israeli investors ramp up purchases of NYC development sites

A new land of milk and honey

August 20, 2012 10:30AM
By Guelda Voien

From left: Shaya Boymelgreen, Miki Naftali and Lev Leviev

From the August issue: With land prices on the rise, Israeli investors have emerged as one of the most active groups of real estate buyers in New York City.

Due to factors like recent changes in the E-2 Treaty Investor visa program, players with principals — and funding — from Israel have increased their deal-making efforts. That’s especially true when it comes to buying sites for residential development, particularly for Manhattan and Brooklyn condos, sources say. [more]

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