Friday, June 10, 2011
Tel Aviv Collapsing
The Tel Aviv Financial Center Supermarket project is becoming ever more complicated. Yesterday I had a meeting with the Owner of this TASE company. Following my report that the 5 stories building was built in the twenties with salty marine sand and the underground walls and columns were desintegrating (see pic), he had already a meeting with the City Engineer and on Sunday I am to follow up at the Dept. level. I am amazed how fast these people operates. They are not like me. always postponing things. He had understood the issue immediately (not for nothing he built up - in the five years I am working for him - a stock exchange corporation in Israel's hellish jungle business environment.) He did not show the minimal worry or hesitation, the project is going ahead at full speed.
PD: This real estate is worth more than its equivalent on Wall Street, NYC. No kidding, Tel Aviv Financial Center real estate is very expensive and the shekel is very strong (and the dollar very weak).
PSS: BTW, these people are pious Jews from a remote Soghdian caliphate. A century ago we Ashkenazi Jews didnt even know about their existence.