Two Los Angeles Families Buy 11 Apartments in Netanya for $11 Million

Two Jewish families from Los Angeles purchased 11 apartments in the STORY Glil Yam project in Netanya for approximately 40 million shekels (about $11 million) in a single transaction shortly before the Sukkot holiday. The deal was reported by the Real Estate Center.

The project is being developed by the David Azulai Group. The purchase includes nine apartments on the 15th and 18th floors, and two penthouses on the 26th and top floor. Each penthouse is 150 square meters with five rooms, a 60-square-meter roof terrace, and a 15-square-meter balcony in the master bedroom. The other apartments range from 104 to 122 square meters, with four or five rooms, and each features a 20-square-meter sun balcony. All 11 units offer sea views.

A representative from the David Azulai Group stated that some of the apartments were bought for investment purposes, while others are intended for the families' residences, some of whom already live in Netanya. These families join social media star and businesswoman Elin Cohen, who bought a 122-square-meter, five-room apartment on the 19th floor of the tower in June.

The STORY Glil Yam project consists of three residential towers, two with 26 floors and one with 20 floors, totaling around 300 housing units. The towers are located about a kilometer from the sea and incorporate green building elements with large curtain walls offering extensive sea views from the sixth floor up. A neighborhood commercial center of approximately 2,000 square meters, including shops, restaurants, and cafes, is planned for the ground floor.