Record-high $280 Million Offered in Land Bid for Tel Aviv's Sarona

The record price means buyers will pay considerably higher prices for the Sarona units than properties now go for.

Mar 22, 2016 4:57 PM

A purchasing group on Monday won the much talked-about tender for land in Tel Aviv’s Sarona, paying a cored 1.06 billion shekels ($280 million) for property zoned for three apartment towers containing 324...

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