By Nacha Cattan Bloomberg News Nov. 1 (Bloomberg) — Mexican remittances rose at the fastest pace in five years in September as immigrant workers took advantage of the peso’s decline to send more money to relatives. Even as economic growth slowed in the U.S., money sent back to Mexico rose 21 percent to $2.08 billion [...]
Foreign Direct Investment in Latin America Rises 54%
FOX Latin America Santiago – Foreign direct investment in 18 Latin American and Caribbean countries totaled $82.65 billion in the first half of this year, up 54 percent from the same period in 2010, a U.N. panel says in a report released here Tuesday. FDI in the region is on track to set “a new [...]
At forum, Calderon touts Mexico’s ‘extraordinary potential’
MEXICO CITY — Delivering a keynote address at the ninth annual Travel Weekly Mexico Leadership Forum, Mexico President Felipe Calderon stressed the country’s strengths as a destination and its determination to enter the ranks of the world’s top five leisure destinations within the decade.
5 reasons why hotels will outgain the economy
Negative economic sentiment pervades the news, the stock market, water-cooler chatter, and even the local post office. The expansion that marked the end of the financial crisis in 2009 is being threatened by a plethora of issues: political problems, state and local expenditure gaps, persistent levels of unemployment, and a fiscal budget that caused a [...]
India Eyes Latin America
Why India can and should become a counterbalance to China in Latin America. BY JAIME DAREMBLUM Latin Business Chronicle The competition between China and India — the world’s largest dictatorship and the world’s largest democracy — will be a defining feature of 21st-century geopolitics. Because China opened its economy more than a decade before India [...]
The Mita — September 2011 — eNews from Club Punta Mita for residents, guests and friends of Punta Mita
The Mita — August 2011 — eNews from Club Punta Mita for residents, guests and friends of Punta Mita
Mexico Deserves Rating Upgrade on International Reserves, Carstens Says
Mexico’s high level of international reserves make it deserving of an upgrade from credit ratings agencies, central bank Governor Agustin Carstens said today. “I don’t understand why Moody’s has not given us an upgrade,” Carstens said during a conference hosted by Moody’s Investors Service in Mexico City, causing laughter in the audience. The nation’s international [...]
Mexico Raises Forecast for Direct Investment 11% to $20 Billion for 2011
Bloomberg Mexico may receive as much as $20 billion in foreign direct investment this year, 11 percent more than a prior forecast, as the second-biggest Latin American economy’s low wages and proximity to the U.S. draw producers. “Companies are looking for the best place to invest,” Economy Minister Bruno Ferrari said in an Aug. 19 interview [...]
Slim company wins highway contract in western Mexico
Latin American Herald Tribune Mexico City, Aug 20, 2011 (EFE via COMTEX) — IDEAL, an infrastructure development company owned by multi-billionaire Carlos Slim, has won a contract to build two highways and operate a third in western Mexico, the government said. The Communications and Transportation Secretariat said it awarded IDEAL a concession to build and [...]
Charlie Rose interviews Jorge Castañeda
Jorge Castañeda on his book ‘Mañana Forever?: Mexico and the Mexicans’ Jorge Castañeda Gutman is a Mexican politician and academician who served as Secretary of Foreign Affairs (2000 ? 2003). He was a professor at several universities, including the National Autonomous University of Mexico, the University of California, Berkeley, and Princeton University. He also authored [...]
The Resurrection of the PRI Return of the Dinosaurs in Mexico
By LAURA CARLSEN Mexico’s recent elections in four states proved that the PRI is not only back–it’s ready to move into Los Pinos. The Institutional Revolutionary Party (PRI, by its Spanish initials) handily took the governorships of the State of Mexico, Coahuila and Nayarit, and most of the mayoral races in the state of Hidalgo. [...]
Mexico’s Growing Need for Business – Oriented Branded Hotels
By Jane L. Rogers and Research assistance provided by Raul Duarte, Jul 12, 2011 The growth of populations, businesses, and private investments in regions across Mexico signals a need for more branded hotels to accommodate an influx of business travelers. Having seen significant expansion over the past several years, it has become clear that Mexico’s urban and [...]
Despite Mexican Violence, U.S. Firms Expand by Border
By RANDAL C. ARCHIBOLD The New York Times Published: July 10, 2011 MATAMOROS, Mexico — When the latest bloody headlines from the drug war in Mexico reach headquarters in New York, Ken Chandler, the manager of an American electronics manufacturing plant here, jumps on the phone. He is not begging to come home. He is begging to stay. “We try [...]
World’s richest man stays calm under fire
JOHN PAUL RATHBONE AND ADAM THOMSON Globe and Mail Update Carlos Slim is under attack. For decades, the world’s richest man built a business empire in his native Mexico with little resistance from the competition. Today, the government and rival companies are determined to loosen his near-monopolistic hold on the country’s telecommunications sector, which has [...]
Letter From Mexico: Amid the Drug Wars, a Stunning Economic Boom
by Louis E.V New America Media MERIDA, Mexico— At a time when the United States is confronting the possibility of a “double dip” recession, Mexico’s economy is expanding at the fastest pace in a decade. For most of the 20th century, Mexicans lamented that when the U.S. economy slowed down, Mexico, ever so dependent on [...]
Mexico Still the Number One Vacation Destination for Americans
Mexico Tourism Board Quarterly Results Mexico Still the Number One Vacation Destination for Americans NEW YORK, May 4, 2011 /PRNewswire/ — Mexico Tourism Board has today released results of 2011 first quarter tourism activity inMexico. Across a raft of measures from tour operators, airlines, resorts, cruise lines and attractions the first three months of 2011 has proven [...]
Puerto Vallarta Multi-List Activity Report – April 2011
After a great March, sales slowed down to just eight, two of which were for land sales which we usually don’t included in our statistics. They are usually not this many, but for April there was one for over $2 million in Conchas Chinas, which was for more than the total of all other sales [...]
A ‘committed investment’ from foreign firms in Mexico
By Gay Nagle Myers Travel Weekly Mexico Tourism Secretary Gloria Guevara predicted that foreign investment in the tourism sector would amount to approximately $3.5 billion over the next three years, a capital inflow that will create about 20,000 jobs. Economy Secretary Bruno Ferrari and Guevara said at a recent press conference that the investments will [...]
Danger Increasing in Mexico? Large Investments Say No
Journey Mexico On April 22nd, the US State Department updated its travel warning for Mexico, expanding it to include five new states: Jalisco, Nayarit, San Luis Potosi, Sonora, and Zacatecas. Although the Travel Warning clearly states: “There is no evidence that U.S. tourists have been targeted by criminal elements due to their citizenship,” the increase [...]
Puerto Vallarta Real Estate Trends 2010 – 2011
John Youden Vallarta Lifestyle Publishing Group Looking back, the year 2010 will most likely be seen as a turning point for the Vallarta/Riviera Nayarit real estate market. After having survived the global economic crisis and the swine flu scare that brought the real estate market to a virtual standstill during 2008-2009 (And yes, that was [...]
Debunking the Rumor of High Real Estate Inventory in Puerto Vallarta
by John Youden Vallarta Lifestyles Publishing Group There’s been a lot of talk around town about how much inventory of homes and condominiums, primarily condominiums, is currently on the market. The most commonly heard number is somewhere between 7,000 to 8,000. Unfortunately I believe I’m responsible for this. For a few years, during the boom [...]
Christie’s Auction Gets Warhol Boost
By KELLY CROW The Wall Street Journal Christie’s in London sold £61.3 million ($98.7 million) worth of contemporary art on Wednesday. The sale was anchored by a standby, Andy Warhol, but attracted soaring sums for young artists who seemed like riskier bets during the recession. Christie’s total topped its own presale expectation of up to [...]
Mexico Hesitates to Intervene as Rising Peso Pressures Its Exports
By ELISABETH MALKIN The New York Times MEXICO CITY — Six years ago, Benjamín Hernández turned his family’s small metal-stamping company into an exporter. Although the firm barely survived the global economic crisis, it bounced back last year. But now he has a new worry. Mexico’s peso is rapidly rising against the United States dollar, [...]
Christie’s goes for brand build-up
Real estate unit changes name and focuses on expansion in emerging markets By Manoj Nair, Associate Editor Gulfnews.com Published: 00:00 February 11, 2011 Dubai: As with high art, bespoke properties have a certain timelessness about them. It’s fitting then that a name indelibly linked with art — and more so at making it valuable — [...]
Carlos Slim Talks Investment Strategy in 2011
Mexican billionaire Carlos Slim, named the world’s richest man by Forbes Magazine, spoke exclusively with Bloomberg TV’s Betty Liu on “In the Loop” today. Slim talked about his investment strategy in 2011 and said that “we believe in all of Latin America” and that “the biggest investments are in infrastructure.” He also said that The [...]
InterContinental Hotels Franchisees to Invest $500 Million in Mexico
MEXICO CITY – The $500 million investment in Mexico by InterContinental Hotels Group that was announced last week by the office of Mexican President Felipe Calderon will not come directly from IHG, but from franchisees with hotels in the IHG pipeline, the company said. Calderon’s office made the announcement after the president’s Jan. 30 meeting [...]
Christie’s Reports a $1.9 Billion Surge Powered by Contemporary Art and Fine Wine
NEW YORK— Wine is up. Old Masters are down. Hong Kong is rising. But New York is still number one. Such are the details about the auction business that can be gleaned from a statement Christie’s has released about its 2010 performance, which breaks down the house’s record $5.2 billion total sales last year — handily [...]
Jump in Art Sales at Christie’s Points to Market Rebound
By KELLY CROW Wall Street Journal From modern paintings to marble statues, sales of fine art have recovered from the recession, and then some. Christie’s International PLC on Thursday said it sold ₤£3.3 billion ($5.25 billion) of fine and decorative art last year, up 53% from 2009 and surpassing its £3.1 billion in sales during [...]
Hilton Worldwide Names Vice President of Development of Mexico
The FINANCIAL — Hilton Worldwide on January 5 announced the promotion of George J. Massa to vice president and managing director of development, Mexico. In this role, Massa will address development opportunities and foster relationships with current and potential partners in Mexico. Prior to his promotion, Massa served as senior director of development, Mexico, evaluating [...]
Brands search for growth opportunities in Mexico
REPORT FROM MEXICO — Like its neighboring countries, Mexico is experiencing high demand growth as supply growth remains incremental. But unlike the United States, brands are eager to boost their presence in the country by way of new development. “We only have 17 hotels in all of Mexico,” said Alejandro Acevedo, VP of international hotel [...]
American Chamber of Commerce: Foreign Direct Investment in Mexico: Is Your Investment Safe?
Executive Summary The Mexican government is engaged in a vital effort to disrupt and dismantle drug cartels. The military has been called in, local police are being reorganized, retrained and purged of corrupt elements, and changes have been made to streamline criminal trials. The result has been an unprecedented number of arrests, extraditions, prosecutions and [...]
Fast Company: 100 Most Creative People: #79 Amy Cappellazzo — Deputy Chairman, Christie’s International
FastCompany One occupational hazard of being an expert on contemporary art is being unable to enjoy a gallery without mentally pricing the room. “When I’m in a museum,” says Amy Cappellazzo, “I have to shut off that part of my brain and make sure I’m in the proper pleasure engagement where I’m just enjoying the [...]
Christie’s International Real Estate is New Name for World’s Leading Network of Luxury Property Specialists
LONDON.- Christie’s, the world’s leading art business, has announced a corporate name change for its exclusive property brand Christie’s International Real Estate, formerly Christie’s Great Estates. The prime and super-prime sectors of the property market—where Christie’s International Real Estate operates exclusively have a global clientele. The name change will instill in these consumers a more [...]
IMF Extends Mexico Credit Line to Record $72 Billion
Bloomberg By Sandrine Rastello and Jens Erik Gould Jan. 10 (Bloomberg) — The International Monetary Fund agreed to renew and boost to $72 billion a precautionary credit line to Mexico to help insure the country against external risks. The two-year line, the highest amount committed in the fund’s history, replaces a one-year, $48 billion facility [...]
Mexico To Continue Accumulating Foreign Reserves
Head of the Banco de México declared plan was to protect against possible external shocks to the economy MEXICO CITY (Dow Jones)–Mexico plans to continue to accumulate international reserves, which are already at record levels, to protect against possible external shocks to the economy, the head of the central bank said Friday. “We have accumulated [...]
Economists Predict Positive Growth for Mexico
By Girish Gupta http://www.minyanville.com Stock indices, the peso, and GDP are all looking good for 2011, while authorities are still trying to tamp down drug violence to avoid further unnerving foreign investment. Mexico brought in the New Year with some positive hangovers from the last. The IPC index ended 2010 on a record high, after [...]
Forget China, Look To Latin America
Forbes.com – Agustino Fontevecchia With inflation a concern in the Far East, commodity and consumer-driven economies like Brazil and Chile may be 2011′s biggest winners. Emerging markets are leading the global economic recovery, and that story is unlikely to change in 2011. But while China draws the most attention, tame inflation and growing domestic demand [...]
Mexico clears way for maiden real estate investment
Fri Dec 3, 2010 11:02pm GMT * Tax uncertainty had delayed offerings for years * Local, federal government cleared some obstacles By Patrick Rucker Rueters MEXICO CITY, Dec 3 (Reuters) – Mexico will offer shares of its first real estate investment trust early next year as Latin America’s second-largest economy mints an asset that could [...]
Mexico’s tourism income up 10.8% in first nine months
MEXICO CITY, Nov. 15 (Xinhua) — Mexico’s tourism income went up 10.8 percent year on year to 7.1 billion U.S. dollars in the first nine months of this year, the government said. According to a Tourism Ministry report issued on Monday, income from cruise ship visits rose 28.3 percent to 393 million U.S. dollars in [...]
Real Estate Limited Partnerships in Latin America
Alternative Latin Investor Real Estate investment for Limited Partners (LPs) in Latin America can really be seen as a tale of two countries, namely Mexico and Brazil, and recent experiences there offer important contrasts between each country’s different market practices leading up to the global recession, some of the ways in which local participants responded [...]
Mexico, Superstar Player of the Emerging Economies
By Tessa Albrecht Alternative Latin Investor Mexico: Latin America’s newest investment beacon and slightly less-publicised regional superstar. With the highest level of FDI in the region and a more stable political environment than ever before, Mexico is an investment destination prime for the picking and one that is giving its key industrial competitor, China, a [...]
Mexico Tourism Is Making A Comeback
By: Charles Sipe http://www.mexicorealestateinvestment.org/ Although the recession and warnings of violence has hurt tourism in 2009, visitors to Mexico has rebounded in 2010. According to an article from International Living: This year the tourists are back. So far in 2010, over 7.1 million international tourists have come toMexico, a 19% increase over last year, say Ministry [...]
Puerto Vallarta to host 7th International Tourism Forum for Parliamentarians and Local Authorities
Published by Ozgur Tore THURSDAY, 21 OCTOBER 2010 The global economic crisis has opened up important opportunities for the tourism sector, but capitalizing on these requires a better understanding of the various governance roles within national tourism policy and decision making. This will be the main topic of debate among the Ministers of Tourism, parliamentarians, [...]
Mexico Expects 22.6 Million Foreign Visitors in 2010, Matching 2008 Levels
By Adriana Lopez Caraveo Bloomberg News Mexico Tourism Minister Gloria Guevara said the country expects to have 22.6 million foreign tourists this year, matching the industry’s 2008 numbers before swine flu hurt activity last year. The number of visitors grew 20 percent from January through August from the same period a year earlier, the minister said [...]
What drug war? Mexican stocks are outperforming the Dow
By Aaron Smith CNN Money NEW YORK (CNNMoney.com) — The Mexican stock market is going gangbusters this year despite a drug war that has claimed more than 28,000 lives. The Mexican stock market’s IPC Index has increased 6.7% year-to-date, outpacing the Dow Jones industrial average’s 5% gain. This is one of the factors that prompted John [...]
Garrabrant Sees Opportunities in Mexico Despite Crime
Sept. 29 (Bloomberg) — Gary Garrabrant, chief executive officer of Equity International, discusses his company’s real estate investments in Mexico and strategy in Brazil. Garrabrant speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (This is an excerpt of the full interview. Source: Bloomberg) http://www.bloomberg.com/video/63348144/
Fund for real estate in Mexico raises $293.3M
By The Associated Press via Bloomberg – Businessweek.com A fund geared to buying industrial real estate in Mexico has raised $293.3 million from investors, Prudential Real Estate Investors said Tuesday. The closed-end, publicly traded fund, dubbed PRUMEX Industrial III, will invest in developing industrial sites, acquire portfolios or individual properties with a focus on tenants [...]
2010 real estate tech predictions revisited – Inman News
Midyear hindsight on Google, mobile and more BY GAHLORD DEWALD, TUESDAY, AUGUST 31, 2010. Inman News Now that most of 2010 is done and we’re staring down the barrel of fall and early winter, I figured it might be worthwhile to revisit some of the predictions that I made for Inman News waaaay back in [...]
More destinations shut the door on vacation rentals
By Laura Bly, USA TODAY For frequent Manhattan visitor Ken Velten there’s no place like (someone else’s) home. The Southern California retiree and his family of up to five have traveled to the Big Apple five times over the past five years, staying a week or two and trading the expense and anonymity of a hotel [...]
How Far $400,000 Goes In America’s Biggest Real Estate Markets: Trulia (PHOTOS)
Huffington Post We won’t bore you with that all-too familiar real estate cliche that begins with the word “location” — but suffice to say that home buyers across the nation face some very different options. A few examples: A home buyer in foreclosure-addled Florida can get a home with a price that’s advertised as being actually lower [...]
$220 Million London Penthouse Now World’s Most Expensive
A six-bedroom penthouse at London‘s posh One Hyde Park development (above) has just sold for a record-breaking £140 million, or about $220 million, making it the most expensive piece of residentialreal estate in the world (in terms of current listings and sales). The massive deal eclipses the paltry $150 million asking price for The Manor, Candy Spelling’s monstrous mansion [...]
Virgin America enters Mexico market
Travel Weelky Even though Mexicana has filed for bankruptcyand suspended some flights, there are some positive signs for Mexico tourism and the airlines that serve the country’s major resort areas. Other airlines, including a new entrant, are planning new service to major resort areas. Alaska Airlines is adding flights from San Diego to Puerto Vallarta and [...]
Spain’s Banks Are Finding Their Global Growth Strategy in Mexico
by Michael Zenn www.investmentpropertiesmexico.org These days, growth opportunities in the financial sector are becoming rare and seemingly impossible to find, so when the largest banks in Spain showed up in Mexico, they were not going to let this one get away. The largest Spanish lender, Banco Santander has been very bullish on Mexico this year, [...]
Puerto Vallarta to Host 2010 Global Medical Tourism Congress
Banderasnews.com From August 24-26, 2010, Puerto Vallarta will host the 2010 Global Medical Tourism Congress, where national and international speakers will share their views on global trends and opportunities for medical tourism in Mexico. What is Medical Tourism? Medical tourism helps one to combine physical wellness with relaxation and leisure in order to be completely [...]
Mexico rising – Travel Weekly
By: Arnie Weissmann August 02, 2010 I was dismayed last year when I heard that Mexico’s president, Felipe Calderon, had proposed that his country’s ministry of tourism be abolished and that tourism interests be moved within Mexico’s equivalent of our Department of Commerce. We’ve seen how that has worked here in the U.S., and the [...]
Puerto Vallarta #1 on AARP The Magazine Top 5 Best Places to Retire Abroad
AARP The Magazine Travels the Globe to Reveal the Top 5 Best Places to Retire Abroad http://www.aarp.org/magazine WASHINGTON (July 26, 2010) – Experts in celebrating the next chapter in life, AARP The Magazine traveled the globe to discover the ultimate retirement destinations abroad. Factoring climate, expat community, cost of living, housing, health care, access to [...]
2010 Mexico Real Estate Summit – November 11 and 12 in Puerto Vallarta, Jalisco
2010 Mexico Real Estate Summit – November 11 and 12 in Puerto Vallarta, Jalisco http://www.tealeducation.com/conference_mexico.html Over one and one-half days, participants will learn the latest developments to affect the recovering real estate market in Mexico. New tax reforms, marketing strategies, finance incentives, angles, opportunities, regulatory and legal updates are just some of the topics to [...]
How the rich are winning
By Brett Arends MarketWatch BOSTON (MarketWatch) — You may have been hearing a lot of doom and gloom about the economy recently. OK, so the news on jobs, real estate and retail sales has been dismal. Yes, maybe it’s true the middle class is broke, in debt, under water, out of work and in despair. [...]
The Mad Money Is in Mexico? – CNBC’s Cramer a happy owner, long on San Miguel de Allende, Guanajuato, Mexico.
By: Tom Brennan Web Editor, Mad Money “It’s not such a bad idea to diversify away” from stocks, Cramer said during Monday’s Stop Trading!, “and buy real estate.” The Mad Money host himself just acquired three new properties in San Miguel de Allende, a popular destination for American snowbirds in central Mexico. There is “no property [...]
Town, resort offer safe haven for Mexico trip
By SHERA DALIN For The Telegraph With all the news of violence coming out of Mexico these days, many visitors have been scared away. But the lovely little town of Barra de Navidad and its neighboring luxury resort on the Pacific Coast are an oasis of welcome and relaxation. Located about three hours south of [...]
Three airlines announced new flights to Puerto Vallarta
In order to meet higher anticipated demand to Puerto Vallarta Mexico for 2010 and beyond, Westjet, Alaska Airlines and US Airways significantly increased flights to Puerto Vallarta. Westjet, Alaska Airlines and US Airways added direct non-stop flights to Puerto Vallarta, increased the number of seasonal flights, and converted seasonal flights into year-round flights. Puerto Vallarta’s [...]
Vallarta/Riviera Nayarit Real Estate Trends 2010
by John Youden Vallarta Lifestyles Publishing Group I haven’t been posting for some time, been working on the real estate trends article for the upcoming issue of Vallarta Lifestyles. Here’s a pre-screening: Looking back the year 2010 will mostly like be seen as a turning point for the Vallarta/Riviera Nayarit real estate market. After having [...]
El Encanto – Punta Mita Resort – Special Incentive Package
Now your can enjoy carefree living at Punta Mita with the following special incentives included with purchase on all new developer built product. (This offer can be withdrawn at any time without notice.) Limited-time Incentives • 5 years of Homeowners Association dues • 5 years Club Punta Mita membership dues (Premier or Sport Membership). Does [...]
Alaska Airlines San Diego-Puerto Vallarta Flights Now Available for Purchase
SEATTLE, July 6, 2010 /PRNewswire via COMTEX/ — Customers can now book travel on Alaska Airlines for service between San Diego and Puerto Vallarta, Mexico, beginning Nov. 12, 2010, subject to approval by the Mexican government. The flights are in addition to the carrier’s existing Puerto Vallarta service from Los Angeles and San Francisco. Flights [...]
Mexico Real Estate in Marina Vallarta and Punta de Mita
By: Charles Sipe With its moderate tropical climate and more than 40 different local beaches, the Puerto Vallarta area of Mexico has become one of the top destinations for American and Canadian retirees and tourists seeking the laidback beach lifestyle. Known as the Friendliest City on Earth, since the 1990s, the Puerto Vallarta area has [...]
Bienvenidos a Paradise! The Magical World of Punta Mita: Part One
Puerto Vallarta is a world-class travel destination. Punta Mita, a high-end resort and residential community, offers real estate opportunities for investors Puerto Vallarta and its surrounding area, located on the Pacific Coast of Mexico, is a world-class destination with beautiful beaches; stunning Sierra Madre mountain range; an abundance of wildlife; diverse recreational activities for the [...]
3 unsung rules of real estate negotiation
Letters From the Home Front BY KRIS BERG, WEDNESDAY, JUNE 16, 2010. Inman News Negotiation — that give-and-take act of horse-trading. The idea is that you have something I want, I have something you want, and through an iterative process of offers and counteroffers, we arrive at a mutually acceptable agreement. In real estate, the seller [...]
9 by Design’s Novogratz Family Sign On to Design Mexican Hotel
New York Magazine With their first two hotel projects, husband-and-wife design team Bob and Cortney Novogratz created a virtual beach paradise on the Jersey Shore. Now, they’ll be working on one in actual paradise: The stars of Bravo’s 9 by Design told us at last week’s wrap party that their company, Sixx Design, just signed [...]
Luxury Chain Cuts the Flowers, Sends Out Wash at Some Hotels
By KRIS HUDSON The Wall Street Journal ORONTO–Four Seasons Hotels & Resorts, famed for its top-flight hotels, has agreed to skimp on some of its signature features, bowing to pressures by some financially strapped owners of properties that bear its name. Many Four Seasons hotels have stopped displaying huge vases of fresh flowers. Others are [...]
Veteran Sales Agent Alfred Melchiorre: Doing more with less
Is it possible? Depends on who you ask and where they live. I’ll bet if you ask one of the 1.5 million Americans that live in Mexico that answer would be a resounding, YES! Has it been a dream of yours to walk to the beach everyday? Now a days in the Puerto Vallarta / [...]
Mexico’s big hope: get 5 million U.S. retirees
BY ANDRES OPPENHEIMER The Miami Herald AOPPENHEIMER@MIAMIHERALD.COM MEXICO CITY — Mexico is silently working on proposals aimed at drawing millions of U.S. retirees to this country, which could eventually lead to the most ambitious U.S.-Mexican project since the 1994 North American Free Trade Agreement. President Felipe Calderón is likely to propose the first steps toward [...]
Punta Mita, Mexico has the right investors…
John Youden – Vallarta Lifestyles Publishing Group It was recently announced that Bill Gates has increased his share of Strategic Hotels so that he now owns 20% of the company. Strategic is the owner of the Four Seasons hotel in Punta Mita, along with owning two other major development parcels, one of which will eventually have [...]
Mexico and the Failed State Revisited
Stratfor Global Intelligence April 6, 201 By George Friedman STRATFOR argued March 13, 2008, that Mexico was nearing the status of a failed state. A failed state is one in which the central government has lost control over significant areas of the country and the state is unable to function. In revisiting this issue, it [...]
Indonesian Agrees to Buy Bel-Air Mansion for $50 Million
By JULIET CHUNG and CANDACE JACKSON The Wall Street Journal An Indonesian buyer is in contract to buy a 48,000-square-foot mansion in Los Angeles’ Bel-Air neighborhood for around $50 million. If the deal closes, it would set what brokers believe to be a new record for the biggest residential real-estate sale in the U.S. to [...]
At Luxury Hotels, the Recovery Is in Full Swing
By PALLAVI GOGOI DailyFinance Just last year, the stigma associated with luxury was so great that some high-end hotels were changing their names. The four-diamond Ballantyne Resort in North Carolina renamed itself the Ballantyne Hotel and Lodge, dropping “resort” from its name. Back then, Congress was attacking financial executives for enjoying visits to resorts even [...]
Boot Jack Ranch In Colorado Sells For $46.5 Million, Becomes Largest Residential Transaction Of 2010
The shoddy state of today’s real estate market isn’t keeping those with means from making some eye-popping deals. This week, the Boot Jack Ranch in southwest Colorado sold for $46.5 million, claiming the mantle of most expensive residential transaction in 2010 in the U.S. The estate, which can comfortably house 50 guests, sits on 3,000 acres [...]
Tourism: Campaign to make the most of the coast
By Adam Thomson Forty years ago, the Mexican government, armed with $27m in funding from the Inter-American Development Bank (IDB), had an idea to develop a tourist resort on a remote and snake-infested piece of coast on the country’s Yucatán Peninsula. The project was called Cancún, and it is now by far the largest and [...]
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