"Israel, for various reasons, has a number of investors that areawash in money," Schear tells GlobeSt.com. "They are a little bitnew at what they are doing in the United States."

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Schear says the law firm represents large and small developerswho are seeking significant sums of money to pursue projects. Withthe credit crunch experienced in the US recently, developers areseeking other sources of funding.

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And, while Israeli investors have long been active in theNortheast, they are increasingly turning their attention to theSoutheast. Schear attributes the shift in part to Delta's recentoffering of a direct flight from Tel Aviv to Atlanta. Schear alsonotes that there are 50 Israeli companies that operate inAtlanta.

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"With the start of non-stop air service, Atlanta has become thebeneficiary of more Israeli business," he says. "They see theopportunity to do business without having to transfer on aflight."

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Schear says the trend is similar to the German investment trendexperienced in recent times. "There's a tremendous amount of Germanmoney that has come into the country over the past 10 years," hesays. "Israel will follow suit."

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