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Barak Sells Swank Pad for $7 Million

Israeli Defense Minister Ehud Barak has sold his luxury apartment in the Akirov Towers in Tel Aviv for 26.5 million shekels, or about $7 million.

Barak was seeking 30 million shekels for the apartment. The apartment was first put up for sale in 2008, when he sought 40 million shekels.

The five-room apartment sold by Barak is located on the 31st floor of the westernmost of the three towers that comprise the Akirov complex in northern Tel Aviv.

He bought the pad for $2.5 million in 2003.

For more, go to Haaretz.com

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