Reuters - Struggling with slowing home sales and a lack of liquidity, Mexico's top three homebuilders - Homex, Geo and Urbi - might have to seek bankruptcy protection if they fail to reach an agreement with creditors in the short term.
Reuters - Deutsche Bank has filed suit against Mexican homebuilder Urbi seeking $61 million plus interest and expenses after Urbi failed to make loan payments, according to court documents.
Travel Blackboard - IHG (InterContinental Hotels Group and Grupo Hotelero Latinoamérica announce the opening of the Holiday Inn Express® Veracruz Boca del Rio. This is the sixth IHG-branded hotel in this region.
UPI - A housing project in Guadalajara is going solar with help from Mississippi's Solar America Corp., an innovator in the cost-saving technology. The Los Conejos housing project is under construction in Tonola, a suburb of Guadalajara.
Infosurhoy.com – A group of young architects has helped over 3,000 Mexicans fulfill dreams of improving or owning a home. Nine years ago, a group of college graduates formed the organization Tu Techo Mexicano de Occidente to improve low-income housing.
LAT - In recent years, Isla Holbox (pronounced "holl-bosch") has sat at the center of a complex legal dispute pitting powerful developers seeking to build a high-end resort against a group of longtime residents who say they were cheated out of their rights.
Business Wire - New York Life announced that its wholly-owned Mexican subsidiary, Seguros Monterrey New York Life, celebrated the official opening of the New York Life Tower, a 32-story tower on the Paseo de la Reforma.
Sentido Comun - Fibra Uno, the only Mexican real estate trust listed on the Bolsa, announced that it plans to three new buildings, in Tlalnepantla, Cuemanco and Lerma. The properties are geared at commercial and industrial uses.
New York Daily News - A visit to the bathroom has never been so terrifying. A state-of-the-art penthouse in Mexico has been designed with a glass-floored washroom looking down on an empty 15-story high elevator shaft.
MarketWired - Paramount Realty will auction a large remaining tourism development site in Mexico nestled along the beach between Acapulco and Ixtapa. The sealed bid deadline for the auction is June 28, 2012.