In August 2024, the Brooklyn-based real estate company, Spencer Equity, owned by businessman Yoel Gluck, successfully completed the expansion of Series D of its bonds, amounting to approximately NIS 260 million.
In August 2024, Pacific Oak, which is owned by the California-based REIT Pacific Oak, has successfully completed the expansion of its Series D Bonds in the amount of approximately NIS 299 million, which will be used primarily for the purpose of advancing payments in another series of the Company.
Carasso Motors Ltd., the importer of Renault, Nissan, Dacia, and Infiniti in Israel, on two successful offerings in July: A public offering of bonds (Series C), by expanding a current series in place, amounting to approximately NIS 500 million; An offering of commercial papers (CPs), not listed for trading, amounting to approximately NIS 250 million.
Westdale America, the real estate investment company based in Texas, has successfully completed a refinancing of its Series A bonds on the Tel Aviv Stock Exchange with a new series of bonds secured by, among other, first mortgages over three real estate properties in Texas. This new bond series, amounting to approximately NIS 417 million, will carry an annual interest rate of 7.11%.
B.S.R Engineering & Development Ltd. has signed an investment agreement under which JTLV Fund will invest approximately NIS 180 million in exchange for the allocation of shares constituting approximately 27% of the company’s capital and will be part of the controlling shareholders.
Namco Reality LTD, owned by the American businessman Yigal Namdar, completed the issuance of a new series of bonds secured by a first-position mortgage over 15 residential properties in New York, in the amount of approximately 550 million NIS, and at an interest rate of approximately 6.25%.
Extell Limited, owned by the US developer Gary Barnett, completed an expansion of the company’s bond series in the amount of approximately 230 million NIS.
Property and Building Corp. successfully raised approximately 1.3 billion NIS through a secured Bond offering on the Tel Aviv Stock Exchange, bearing an interest rate of approximately 6.63% for the purpose of refinancing the 10 Bryant Park building (formerly HSBC Tower) in Manhattan, New York.
West Coast REIT – Pacific Oak completed an offering of a new series of bonds in the amount of approximately 288 million NIS at an interest rate of approximately 9.5%.
The Leser Group LTD, controlled by Jewish businessman Abraham Laser, completed an offering of a new series of bonds totaling approximately 300 million NIS at an interest rate of approximately 8.9%.
In March 2024, Copperline Americas Limited, owned by the Schlesinger family, completed an offering of a new series of bonds totaling approximately NIS 195 million, which was primarily used to replace an existing series of bonds of the company.
Lightstone Enterprise, owned by the American businessman David Lichtenstein, completed an offering of a new series of bonds totaling approximately $650 million, which were primarily used to refinance the Moxy Chelsea hotel, which was transferred to the company in connection with the offering.
Lightstone, owned by businessman David Lichtenstein, involved in real estate development across the United States, completed the expansion of a debenture’s series totaling approximately USD 305 million in December 2023.
Spencer, owned by entrepreneur Joel Gluck, engaged in real estate development in New York City, completed an expansion of a debenture’s series totaling approximately NIS 100 million in December 2023.
Extell, owned by entrepreneur Gary Barnett, one of the most active entrepreneurial companies in New York, completed the expansion of a debenture’s series on the Tel Aviv Stock Exchange in December 2023, through a private placement totaling approximately NIS 168 million.
Israel-Canada Company raised 170 million shekels through a private stock offering to several institutional bodies, including Phoenix, Mor, Mizrahi Tefahot, Clal, Menora, and the Noked and Sphera Hedge Funds
Namco Realty Ltd. owned by the US businessman Igal Namdar, has successfully raised approx. NIS 410 million bearing an annual interest rate of 6.35%, as part of the issuance of a new series of bonds secured by mortgages overs two office and commercial buildings on the Fifth Avenue in Manhattan, New York.
An investment deal was signed between the Best Group and the Phoenix Company. According to the agreement, the Best Group, Phoenix Company, and other investors will establish a Canadian partnership to operate in the field of long-term, multiple-unit rental housing in Ontario, Canada. The partnership will be managed by the Best Group. As part of the transaction, Phoenix Company, along with other investors, will invest approximately 160 million Canadian dollars (about 450 million NIS). Our firm represented the Best Group in this transaction.
Fattal Properties (Europe) Ltd. has completed the issuance of Series E bonds, rated “A2.il,” in the amount of approximately NIS 197 million.
Pacific Oak SOR (BVI) Holdings Ltd. has successfully raised approx. NIS 340 million bearing an annual interest rate of 9%, as part of the issuance of a new series of bonds secured by mortgages over several lands in Las Vegas and Dallas, US.
Lightstone Enterprises Limited, owned by the US businessman David Lichtenstein, has successfully raised approx. NIS 382 million as part of the expansion of Series C of the Company’s bonds.
Our firm accompanied Carasso Motors Ltd. in an expansion of its Series C+D Bonds for a total amount of approx. NIS 500 million.
Our firm accompanied Tikun Olam Cannbit Pharmaceuticals Ltd. in the issuance of rights to stocks.
Our firm has been ranked “Top Tier” by the prestigious Legal 500 ranking guide for 2023 Our firm has been ranked “Top Tier” by the prestigious Legal 500 ranking guide for 2022 in the Capital Markets practice field. Adv. Israel Simonov was acknowledged as a leading individual and Adv. Dudi Berland was acknowledged as Next Generation Partner.
Our firm accompanied Carasso Real Estate Ltd. in an expansion of its Series A Bonds for a total amount of approx. NIS 146 million.
Proud to be ranked as one of Israel’s leading firms (tier1) in the Capital Markets practice areas by the Israeli ranking guide Duns’100.
Our firm accompanied Gabay Properties and Development Ltd. in a Public Offering of Bonds (new series), secured by liens on real estate assets, in a total amount of approx. NIS 177 million.
Our firm accompanied Carasso Motors Ltd. in an expansion of both Series A and C Bonds for a total amount of approx. NIS 520 million.
Our firm accompanied Akro Group Ltd. in a private offering of Bonds by way of expanding Series A for a total amount of approx. NIS 200 Million
Our firm is proud to have advised Tnuport (1990) Ltd. in issuing 640 million NIS in a new series of bonds, backed by Tnuport’s real-estate assets and 50% of Zemach-Tnuport shares. Among others, this fundraising will be used for full early redemption of the Series A bonds, for an estimated amount of 386 million NIS.
Our firm accompanied Carasso Real Estate Ltd. On it’s NIS 250 million bonds issuance, rated ‘il.A-‘.
Our new offices are ‘front-and-center’, featured in an online article, which showcases the special design process of the architect Raz Melamed.
Our firm accompanied Akro Group Ltd. in a public offering a new series of Bonds for a total amount of approx. NIS 500 million.
Our firm represented Sapir Corp Lrd, controlled by businessman Alex Sapir, in issuing 290 million NIS in a new series of bonds traded on the TASE, by way of uneven offer, secured by a first mortgage on ‘Nomo Soho’ Hotel in New York. Among others, this fundraising was used for the refinance of the senior debt on the hotel.
Our firm accompanied Carraso Ltd. in its first public offering of shares at a pre-money valuation of 1.8 billion NIS, raising 332 million NIS. A total of 164 million NIS worth of Carraso Real Estate shares were sold in the offering.
Our firm has been ranked “Top Tier” by the prestigious BdiCode ranking guide for 2022 in the Capital Markets practice field.
Proud to be ranked as one of Israel’s leading firms (tier1) in the Capital Markets practice areas by the Israeli ranking guide Duns’100.
Our firm represented MRR Thirteen Limited, controlled by industrialist Anand Mahindra and New York real estate owner and developer Rotem Rosen in issuing 360 million NIS in a new series of bonds traded on the TASE, by way of uneven offer, secured by a first mortgage on Hotel Indigo Lower East Side New York and on the membership interest of MRR in an LLC which acquired a land parcel in Miami. Among others, this fundraising was used for full early redemption of the Series A bonds and the acquisition of the Miami land parcel.
