real estate-featured
BBVA Bancomer expects to offer 70,000 mortgages
Dow Jones - The Mexican subsidiary of Spanish financial group Banco Bilbao Vizcaya Argentaria said it extended 33,000 mortgages in 2011, and that it expects to grant another 70,000 worth 15 billion pesos ($1.14 billion) this year.
Fibra Uno is buying 23 properties from MexFund
PRNewswire - Fibra Uno, Mexico's first real estate investment trust, announced that it agreed to acquire as many as 23 properties from MexFund in exchange for real estate trust certificates (Certificados Bursatiles Fiduciarios Inmobiliarios - CBFIs).
www.marketwatch.com/story/fibra-uno-agrees-to-acquire-23-properties-from-mexfund-2012-01-11
U.S. realtors to show Mexico listings on their websites
JagsReport - Property listings from the entire MLS for the Mexico National Association of Real Estate Professionals, AMPI (Asociación Mexicana de Profesionales Inmobiliarios) will now be shown by US Realtors on their own websites in English.
www.jagsreport.com/2011/11/us-realtors-to-show-mexico-mls-listings-on-their-websites/
Builders fall to lowest level since 2009
Bloomberg - Mexican homebuilders fell to their lowest levels in two years on concern delays in government subsidies will lead to inventory backlogs and cash shortages. The Habita index of six Mexican homebuilders dropped 5.5 percent to 264.28.
Homebuilder Geo cuts cash flow forecast
Reuters - Mexican homebuilder Corporacion GEO cut a 2011 forecast on Thursday to reflect a faster cash burn ahead of the launch of a government program expected to boost mortgage lending in 2012.
www.reuters.com/article/2011/10/27/geo-idUSN1E79Q17B20111027
Homex 3rd Q profit falls on exchange losses
Dow Jones = Mexican home construction company Desarrolladora Homex said Monday that its net profit fell in the third quarter from a year earlier as exchange losses offset gains in revenue and operating cash flow.
Home, condo insurer eases restrictions on Palapas
PR Web - Mexpro.com, an insurance provider for U.S. and Canadian visitors to Mexico, announced today an easing of restictions on insuring homes or condos in Mexico with Palapa or thatched roof material.
Starwood opens Westin Hotel in Guadalajara
Sentido Comun - Starwood Hotels & Resorts Worldwide announced the opening of the Westin Hotel Guadalajara. The hotel, located in the Rinconada del Bosque Guadalajara, has 221 rooms. Starwood has seven Westin hotels in Mexico.
www.sentidocomun.com.mx/breves.phtml
PLA Industrial eyes complex in Silao
Sentido Comun - PLA Industrial Estate, a subsidiary of the U.S. firm Prudential Financial, signed a contract to buy land in Silao, Guanajuato, where it hopes to build an industrial complex. The company did not disclose further details.
Court rules D.F. must reveal details of expropriations
Sentido Comun - Mexico's Supreme Court of Justice ruled that the government of federal district must publish details of any expropirations undertaken, thus siding with the Congress in the ongoing dispute.
