Search JTA's historical archive dating back to 1923

News Brief


The Russian embassy in Tel Aviv may be on the block.

The owner of the building housing the Russian Embassy in Tel Aviv has decided to sell the property, according to The Marker, an Israeli business publication.

The 13,000-square-foot embassy is currently located on Yarkon Street in Tel Aviv, but recently the Russians have been searching for a bigger space, according to the article.

They are looking for a building nearly five times the size of the current embassy, and reports that such a site could be provided by Soviet-born real estate magnate Arkady Gaydamak on Rothschild Boulevard in Tel Aviv.

The American investor who owns the building that the embassy is currently housed in intends to sell it for $10 million dollars. Russia pays $700,000 a year to rent the building, The Marker reported.

A spokesman for the embassy denied the report that the Russians were looking for a new home in Tel Aviv.

“The purpose of spreading such information is perplexing. The owner of the building, whom we have contacted, also had no idea,” the spokesman said.

Recommended from JTA