Israeli company to build commercial center in Las Vegas

Wednesday, December 06, 2006 |  by Staff Writer
The Israeli development company, Property & Building Corporation Ltd., will launch its latest US operation when it constructs a mass 70,000 sq. meters commercial center in Las Vegas, Nevada.

The $4 million project is to include housing, office space, retail stores, restaurants and a parking complex. The construction is expected to take two years to complete.

The commercial center will be erected in an upper class residential area of Las Vegas.

Property & Building Corporation Ltd. and their local partner company are involved in two additional projects in the Las Vegas area. The projects are located less than 1.5 miles from each other and are being built in the vicinity of the Summerlin and Queensridge neighborhoods.

“The construction of the commercial center is another step in the company's investments in Las Vegas. We intend to continue pursuing opportunities in the United States in general and Vegas in particular,” said Rafi Biskin, CEO of Property & Building Corporation.

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