Despite the disputes and challenges, Prof. Ivan Lansberg, of family business consultants LGA, insists family companies have greater continuity than other companies.
The sale of Doron Ofer's 15% stake in Ofer Holdings to his sister Liora ends a 20-year acrimonious saga since the late Sammy and Yuli Ofer split their assets.
Melisron plans huge expansion for Ramat Aviv Mall
The grandiose plan includes a new commercial floor and four towers for hotels, offices and apartments for rent.
Israeli income producing real estate company Melisron Ltd. (TASE: MLSR) is promoting a grandiose plan to triple the size of the Ramat Aviv Mall and the surrounding complex in North Tel Aviv, The Tel Aviv Municipality has confirmed. The project to expand the Ramat Aviv Mall area includes adding a third floor for stores in the mall itself and building four more high-rise towers.
According to the initial details, the first tower, which will have 15-floors for a hotel, will be built facing Einstein Street. Another 15-floor tower facing Brazil Street will be for residential apartments for sale and rent, while two 32-floor high-rises facing Brodetsky Street, will be built on the current car park outside of the mall. The plan also includes deepening the underground car park on Brazil Street with four more floors. The project is