Alony Hetz Properties & Investments Ltd. (TASE:ALHE) and Oxford Properties Group, Inc. signed a binding agreement to acquire Boston office building in East Cambridge for $190 million on December 11, 2016. Alony Hetz and Oxford Properties Group have already made a $15 million deposit. Alony Hetz will hold a 55% of the property, with the rest held by Oxford Properties Group, Inc. Alony Hetz and Oxford Properties intend to finance about 50% of the value of the property using a loan from a US financial entity Alony Hetz will provide its share of equity required to buy the property, $50-$60 million from its own sources. The deal is contingent on conditions precedent and expected to close the deal by mid-February 2017.