US deals by IL real estate companies today. Behind that job market headline. And what the Economic Index stat actually is
Re: December 17, 2025 in Israel - and what it all means for investors at home and abroad.
Today’s deal notes: public Israeli real estate co’s activities in the US
Two transactions reported this morning highlight the active management strategies of Israeli real estate firms in the American market. While one locked in profits in North Carolina, the other bet on a conversion project in Houston, Texas.
A tidy exit for Mishorim (TASE:MSHR), which sold the Wakefield Commons shopping center in North Carolina for $34 million ($500k above book value).
This is a classic fix and flip. Mishorim bought the asset in 2016 for ~$22m with 84% occupancy. They are selling it now at 98% occupancy and a 7.9% NOI yield. This deal generates net free cash flow, which CEO Alon Vaksman intends to recycle into newer, underperforming assets with upside potential.
In a different deal, Sadeh Real Estate (TASE:SADE) made a $123 million acquisition of a residential tower in Houston.
The company isn’t just collecting rent (current occupancy 93%); they plan to convert the building from rentals to luxury condos for sale. CEO Yoni Sadeh projects total sales of $348 million with a gross profit of $150 million. The renovation will be gradual, allowing the property to generate cash flow during construction.
Both deals suggest that for Israeli firms in the US, the money is in the value-add.
Under the hood of Israel’s big job market headline - where are vacancies at 3-year high?
The demand for workers in Israel is intensifying, reaching levels not seen in years. According to new data released today by the Central Bureau of Statistics, the number of job vacancies climbed to 151,354 in November, pushing the vacancy rate to 4.59%, the highest level recorded since October 2022.
While the headlines suggest a broad boom, the underlying data reveal a distinct rotation in the economy.
The surge is currently being driven primarily by the ‘real economy’ and service sectors, with significant increases recorded for sales staff, which jumped 8%, as well as kitchen workers, drivers, cleaners, and clerks.
Conversely, demand for white-collar and tech roles appears to be softening, with vacancies dropping for engineers, software developers, and practical engineers.
A vacancy rate nearing 4.6% indicates a very tight labor market, which typically puts upward pressure on wages. However, the shift away from high-tech hiring toward lower-wage service roles paints a complex picture for regulators navigating the inflation outlook.
Tiny explainer: what the latest Economic Index stat actually is - and what the 0.5% rise came from
What this index is: The Bank of Israel publishes a composite State of the Economy Index, which is meant to serve as a real-time gauge of economic activity. By providing a more immediate snapshot of economic expansion or contraction, it should allow the Bank of Israel to make more timely policy decisions without waiting for delayed quarterly GDP reports.
The latest Index stat reflects the average monthly growth trends observed from September through November. It climbed 0.5% in November, signaling a return to growth after a slight decline in the previous month.
The positive momentum was driven by a broad base of indicators:
Strong goods exports;
Increased imports of both consumer products and production inputs (a vital sign that manufacturers are stocking up in anticipation of future demand);
Robust labor market data;
Rising indirect tax collection;
The recent rally in the Tel Aviv Stock Exchange.
Nevertheless, the index’s upward momentum was partially offset by weaker lagging indicators from late summer. Declines in trade revenue, gasoline consumption, and construction inputs during August and September served to moderate the overall growth.
Hope that helps!
TASE snapshot for Wednesday, Dec. 17, 2025
TA-35 Index (TASE:TA35): 🟢 +0.77%
TA-90 (TASE:TA90): 🟢 +0.88%
TA-125 (TASE:TA125): 🟢 +0.78%
That’s our Wednesday here in Israel 🎉
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