New York Property Firm Finds Second Home in Tel Aviv

Zarasai, a unit of Pinnacle Group, plans to sell up to NIS 400 million in bonds here.

Zarasai is a town in northeast Lithuania. Shortly before World War II, the Weiner family emigrated to the United States. Like many other Jewish immigrants from Europe, the family settled in New York. The Weiners have now been in the real estate business for three generations; in 1996 they founded Pinnacle Group, one of the city's biggest property firms.