Israeli investors ramp up purchases of NYC development sites

A new land of milk and honey

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.

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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]