IMMEDIATE DELIVERY! SUBURBIA page 65 1997 Caters The Caddy that Zips Leather, moonroof, heated seats, assist, alum. wheels, Bose stereo cassette, garage door opener. S tk# V-7350 ! s399.P%. AUDETTE 7100 Orchard Lake Rd. • WEST BLOOMFIELD 851-7200 *36 Mo. closed end lease, 12,000 miles/yr. w/ 15c/mile overage. Leasee responsible for 1st, sec., plates, use tax, acquisition fee, $999 down & 6% use tax. Leasee must qualify for GMAC approval, leasee responsible for excess wear and tear. To get pymt. multiply pymt. by terms + fees. 0 Detroit's Premiere Custom Clothier Since 1949 271 cillettif cJJLY 4t galIt, (810) 64,6 -0535 Custom Made Suits from $525 ►Benchmade Suits ►Custom Alterations _01,(ff y elaw edo Exclusive Dealer Of PETROF Ui vnvr 66 Consultation • Sales • Servile • Concert Rentals 25225 Woodward Avenue • Ferndale • (810) 541-6334 ► Accessories Custom Made Shirts ► BOOKS Bought and Sold LIBRARY BOOKSTORE 545-4300 Open 7 Days Books Bought In Your Home M. Sempliner the suburbs, albeit higher than today's apartment prices. Mr. Nachson forecasts a con- tinued drop in Israeli luxury apartment prices in 1997. Last year, prices fell about 20 percent, reflecting foreign investors' dis- interest in the market mainly be- cause of the political situation. However, on the whole, Mr. Nach- son forecasts a stabilizing of hous- ing prices this year. "It is our impression that prices are rock bottom today, im- plying that they will remain sta- ble or rise slightly," says Mr. Nachson. Assuming there will be a rise in the standard of living and con- tinuations in the peace process, housing prices are likely to regain their upward trend in 1998, he says. Developers of the Hilton Queen Sheba Hotel, currently under con- struction in Eilat, reported the sale of eight apai tments in De- cember for a total of $1.7 million. The apartments were sold to four foreign investors. The developers intend to invest $60 million in the complex, which will include 220 luxury apart- ments near the city's marina. The apartments are being marketed by the Ambassador real-estate chain. The apartments are situ- ated adjacent to the new Hilton 220-room hoteL Upon completion, the complex will include a swim- ming pool, ball room, restaurants and health clubs. One hundred and seventy apartments will be constructed in south Tel Aviv's Florentine neigh- borhood this year, says Yosef Ra'anen, general manager of Ezra Ubizaron, a company engaged in developing and renovating areas on behalf of Tel Aviv Municipal- ity. The company intends to sell a two-room apartment for about $120,000 and a three-room apart- ment for about $180,000. Over the last five years, Florentine's pop- ulation has nearly doubled to 5,000 residents, compared with 2,700 people in 1991. In this pe- riod, the area's 4,604 businesses have decreased by about two- thirds. A giant apartment exhibition will be held in Rishon Lezion at the end of the month. The partic- ipating companies will display new housing developments in Holon, Bat Yam, Rishon, Rehovot and Modi'in. The exhibition will take place at the Canion Haza- hav shopping mall. Penthouse, the developer of the West Park complex in Rishon Lezion, has tuned into potential buyers' preference for cheaper homes, and is now offering small- er houses for sale. Prices start at $362,000. To en- courage sales, Penthouse is of- fering buyers bridge loans of up to 100 percent of the value of the property. Occupancy is scheduled for October 1998.0 © Jerusalem Post 1997 1AI Sells Jets To Cambodians Jerusalem (JPFS) — Israel Air- craft Industries delivered the first two of six trainer jets to Cambodia for that country's coastal patrol, in the framework of a $6.3 million deal. IAI representatives handed over the Czech-made L-39 Al- batrosses in a ceremony in Ph- nom Penh. The IAI deal includes the de- livery of four more used L-39s, upgrades of MIG-21s in the Cambodian Air Force, spare parts and training. Since 1995, Israeli companies have been involved in the up- grade and delivery of L-39s to several countries in Eastern Eu- rope and Southeast Asia. Reporters were told at the cer- emony that the deal with IAI represents the minimum that Cambodia needs for its defense. Neighboring Thailand and Viet- nam have much larger air forces. Cambodian defense officials said the L-39, which contains ad- vanced electronics, is more im- portant than the MIG. The air force has about 40 planes, in- cluding helicopters. Its fleet of MIGs has deteriorated from years of neglect but officials say the planes can be repaired. Shamrock To Buy Stake In Koor Jerusalem (JPFS) — The Sham- rock group will be very interest- ed in buying Bank Hapoalim's shares in Koor Industries, ac- cording to Stanley Gold, presi- dent of Shamrock and chairman of Koor. Earlier, Israeli Prime Minis- ter Binyamin Netanyahu in- structed the Treasury, Justice Ministry and Bank of Israel's le- gal advisers to examine the im- plications of the proposal to compel Hapoalim to sell its hold- ings in Clal Israel and Koor In- dustries. The recommendations, made by Prime Minister's Office deputy director-general Moshe Leon, are to sell Hapoalim's hold- ings in the two large conglomer- ates before the bank is sold as part of Israel's privatization process. The legal advisers are expect- ed to submit their recommenda- tions within two weeks. Leon's remarks contrast with the Brodet Committee report, which proposed forcing Hapoalim to dispose of either its Clal or Koor holdings by the end of 1998. The Shamrock group already controls 22 percent of Koor In- dustries, which it acquired from Hevrat Haovdim in 1995. Hapoalim controls 26 percent of Koor's stock. - ,4011111111011111NIMMIMINNIMM1.