"TEL AVIV—A leading Palestinian businessman is bidding to take over an ill-fated real-estate venture in an Arab neighborhood of East Jerusalem, upsetting Israeli settlers who are trying to put together a counteroffer.
Nof Tzion, Hebrew for Zion View, is a half-built project located in a mostly Arab neighborhood of East Jerusalem, marketed two years ago to wealthy U.S. Jews as a luxury residence with a panoramic vista of Jerusalem's Old City. Though the 91 units of the first phase of the development have been sold and occupied, Israeli developer Digal Investment & Holdings Ltd. couldn't complete the project or repay its bondholders, mostly Israeli institutions. Representatives of Digal weren't available to comment."
http://online.wsj.com/article/SB10001424052970204204004576049900872906890.html?mod=googlenews_wsj
No comments:
Post a Comment