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.

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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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