Property

Tycoon property war erupts in Jerusalem

By Anshel Pfeffer, January 13, 2011

Jewish, Israeli and Palestinian millionaires are trying to go beyond politics and decide the future of east Jerusalem using their money and business acumen to wage real-estate battles against each other.

This week the demolition of the Shepherd's Hotel in Sheikh Jarrah, owned by the settlers' patron, American millionaire Irwin Moskowitz, made headlines around the world.

But another tug-of-war has been fought behind the scenes over a planned Jewish neighbourhood in east Jerusalem.

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Ealing is building for the future

January 6, 2011

A major redevelopment project has started at Ealing Synagogue, where the community centre building is being transformed into a modern synagogue and centre tailored to the needs of the current congregation.

Features will include a functions hall with movable partitions, allowing increased capacity for prayer services. There will also be new offices for the rabbi and administrator, meeting rooms and kitchen and an area reserved for the disabled.

Merging the old with the new, the synagogue's original stained glass windows will be showcased in wall-mounted light boxes.

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Anti-Arab ruling sparks fury

By Michal Levertov, December 16, 2010

A rabbinical edict which prohibits Jews from renting and selling homes to non-Jews has provoked uproar across Israel.

The ruling, which has been signed by over 200 chief rabbis, is to be examined by Attorney General Yehuda Weinstein, who is looking into bringing charges of incitement.

The Abraham Fund, an Israeli Jewish-Arab co-existence organisation, said that the authorities' slow response to a similar decree issued by Safed's chief rabbi, Shmuel Elyiahu, six weeks ago, encouraged this group of rabbis to make their provocative opinions known.

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Hip flats to woo youth

By Jonathan Kalmus, December 16, 2010

A novel plan to offer fashionable and affordable housing targeted at young professionals in Leeds is to be launched in a bid to attract young people to the community.

The idea has come from Leeds' newly hired Jewish community development executive, Susie Gordon, who is developing a three-year strategic plan to reverse the numbers of young people leaving the community and strengthen its demographic base. She believes traditional community plans which rely on running events for young people is not enough.

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Guess who's wowing the property world

By Candice Krieger, October 22, 2010

Who would have thought it? Israel has emerged as an unlikely force in the world’s property market, becoming one of the fastest growing nations. Global Property Guide, a trade magazine that monitors the housing market, reports that Israeli house prices in the second quarter of 2010 rose sixth-fastest out of 36 countries. Four of the top five, including Singapore and Latvia, were rebounding from sharp price drops. And over the past two years, Israeli prices have shot up faster than anywhere else in the world.

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Appeal over school building

By Robyn Rosen, August 19, 2010

Developers Berkeley homes will appeal against a Hackney Council decision to stop a former school site being turned into luxury homes.

In March, hackney's planning subcommittee voted 5-4 against the proposal to demolish the old Skinners' School site in Stamford hill. Members of the Belz, Satmar and Lubavitch communities campaigned against the housing proposal and campaign leader and yesodey hatorah Schools' principal rabbi Avraham pinter considered the appeal "ill-advised. They don't have a chance of success."

The hearing is set for october.

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FBI arrest Orthodox 'fraudster'

By Paul Berger, August 19, 2010

An American property developer who allegedly defrauded British Jews out of millions of pounds has been arrested by the FBI.

Eliyahu Weinstein, 35, lost a civil case earlier this month against London property tycoon Berish Berger, who had been swindled out of £23 million.

At least two members of Stamford Hill's Jewish community continue to pursue multi-million pound lawsuits against Weinstein in the US, following property deals that went sour.

Last week, FBI agents arrested Weinstein, who lives in the Orthodox enclave of Lakewood, New Jersey.

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Tycoon gets back £21m in fraud battle

By Paul Berger, August 5, 2010

A British property tycoon has won a US court battle against an Orthodox developer who swindled him out of £23 million.

Berish Berger gave Eliyahu Weinstein, of New Jersey, $36.5 million, believing the money would be invested in two lucrative real estate deals in Philadelphia.

But a court heard the deals were part of a scam targeting wealthy members of the Orthodox community. The Sunday Times Rich List recently estimated Mr Berger's net worth at £35 million.

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Tycoon gets back £21m in fraud battle

By Paul Berger, August 5, 2010

A British property tycoon has won a US court battle against an Orthodox developer who swindled him out of £23 million.

Berish Berger gave Eliyahu Weinstein, of New Jersey, $36.5 million, believing the money would be invested in two lucrative real estate deals in Philadelphia.

But a court heard the deals were part of a scam targeting wealthy members of the Orthodox community. The Sunday Times Rich List recently estimated Mr Berger's net worth at £35 million.

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The crunch isn't over for property

By Candice Krieger, June 17, 2010

Property developers - indeed investors of every stripe - may wish to avert their eyes. Neville Kahn, the global leader of Deloitte's reorganisation services, who has led the administration of some of the recession's most high-profile casualties, believes it is the property players who could prove to be the fall guys of 2010.

Mr Kahn, who ran the administration of Woolworths, Mosaic and Stylo, says: "Whereas in the first half of 2009, we saw a lot of retailers struggling, the retailers have got their act together and are in a much healthier position.

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