Real Estate News Blog February Archive

Real Estate Investing Like The Pros

By Art C Ryter at 02/15/07 06:22

Real Estate Developer R. Donahue Peebles gives 10 tips to real estate investing like a pro. Mr. Peebles is best known for selling the Royal Palm Hotel in Miami—a sale which laid the foundation for other projects in Miami, Mexico, the Caribbean, and the San Francisco Bay Area. His tips are: Commit to the real estate industry; get some RE business experience; be critical so as not to be overly optimistic; stay away from high-interest loans; expect unforseeables during renovations; make sure your property can cover operating expenses; be conservative with profit margin forecasts.

Original source: Blacken Enterprise. [404 Check: was link to http:/ / www. blackenterprise. com/ cms/ exclusivesopen. aspx?id=1480, anchor: Real Estate Investing Like The Pros]

Carlyle Group establishes fund for investments in Mexico

The Carlyle Group has established a $130 million fund for investment in Mexico. Much of the funds will be deployed in areas such as the aerospace, defense, energy, health care, technology, telecommunications and media industries in which it has expertise. This type of investment in infrastructure in Mexico will make other real estate investments more valuable.

Original source: The Washington Business Journal. Carlyle Group establishes fund for investments in Mexico

Denver developers active in Mexico

Denver developers are among the largest purveyors of residential resort real estate in Mexico. Many of their sales are to area residents. Mexico, like other parts of Central and South America, is experiencing rising real estate values and larger returns on investment due to the low cost of entry into the market.

Original source: Denver Business Journal. Denver developers active in Mexico

A little work, a little play can make those Golden Years a happy

Retirement to a little slice of paradise is possible with financial planning and the ability to dream. Susan Mintz and her husband built their second home in San Miguel de Allende, Guanajuato, Mexico, for $150,000. The cost of living is very appealing in places like Mexico, Costa Rica, and Panama where a year health insurance policy is equivalent to a month’s premium in California. Retiring abroad need not involve changing banks as ATM machines are available in most communities.

Original source: Inside Bay Area. A little work, a little play can make those Golden Years a happy time

Carlton Hospitality Group confirms active Caribbean hospitality

The Carlton Hospitality Group, a subdivision of The Carlton Group has financed billions in transactions in the Caribbean, focusing primarily on Costa Rica. Acquisition and development of luxury resorts and residences in Guanacaste and Puntarenas, Costa Rica in 2006 were $1 billion in 2006. Other locations of development were Aruba, the Dominican Republic and Antigua.

Original source: Hotel & Motel Management. Carlton Hospitality Group confirms active Caribbean hospitality transaction pipeline

Clifton Meridian to Add $170 Million of Luxury Homes in Puerto P

Clifton Meridian LLC plans to develop luxury homes in Puerto Penasco, Sonora, Mexico. Puerto Penasco (or Rocky Point) is being built to entice tourists, second home owners and snowbirds that currently swell Cabo San Lucas and Acapulco. The Mexican government is taking steps to improve transportation, health care, and law enforcement infrastructure to ensure quality living on the Sea of Cortez.

Original source: Press Release. [404 Check: was link to http:/ / biz. yahoo. com/ prnews/ 070213/ aqtu011. html?. v=4, anchor: Clifton Meridian to Add $170 Million of Luxury Homes in Puerto Penasco, Mexico]

Destination Romance

Honeymoons in Belize, Costa Rica, the Seychelles and other tropical places are among the top stops for adventuresome couples in 2007.

Original source: The American Chronicle. Destination Romance

They're Shocked, Shocked They Tell You

Blog post about Mark Drolette's impending move to Costa Rica. Mr. Drolette is building his house in Costa Rica and working towards eventually moving and obtaining his residency and citizenship.

Original source: Dissident Voice. They're Shocked, Shocked They Tell You

'Secret' Colombian city gets rediscovered

La Boquilla, a town just four miles up the coast from Cartagena, Colombia, is the site of a boom in residential and commercial construction which has taken off since 2002. As Cartagena becomes an international port of call for cruises in the Caribbean, tourist money and investment are driving up real estate prices in the walled city; ‘secret’ because it did not quite experience the violence and kidnappings that ravaged other parts of the country. Marcial Ortega, a long-time resident of La Boquilla, recently sold his half-acre beachfront property to a Spanish developer for a million dollars.

Original source: Los Angeles Times. [404 Check: was link to http:/ / www. latimes. com/ business/ la -fg -cartagena11feb11,1,7089606,full. story?coll=la -headlines -business, anchor: 'Secret' Colombian city gets rediscovered]

$1 Billion in Real Estate Planned in Mexico by Related Internati

The Related Group plans to invest $1 Billion dollars in real estate development in Puerto Vallarta, Mexico, and is currently looking further south to Costa Rica, Colombia, Argentina and Uruguay for future development. The firm is a developer of luxury condos and urbanization projects.

Original source: Business Wire - Press Release. $1 Billion in Real Estate Planned in Mexico by Related International, Division of The Related Group