Real Estate
Fibra Uno plans to buy three more properties
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.
www.sentidocomun.com.mx/breves.phtml
Acciona eyes $3.04 billion expansion of Veracruz port
Business News America - Spanish company Acciona is eyeing a potential project to expand Mexico's port of Veracruz, Acciona Mexico director Guillermo Jiménez said. The proposed $3.04 billion project would add 32 docks as well as specialized terminals.
www.bnamericas.com/news/infrastructure/acciona-eyes-us3bn-veracruz-port-expansion1
Hyatt is buying Hotel Nikko in Mexico City
Dow Jones - Hyatt Hotels Corp. said it will acquire Hotel Nikko Mexico in Mexico City for approximately $190 million from Japan-Mexico Hotel Investment Co, a deal that will help the company’s expansion in Latin America.
blogs.wsj.com/dealjournalindia/2012/05/03/global-deal-hyatt-to-buy-hotel-nikko-mexico/
Mexico City penthouse has bathroom with a view
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.
Iberostar takes over Hilton resort in Cancun
PRWeb - Spain-based hospitality company Iberostar Hotels & Resorts unveiled Iberostar Cancun, the newest addition to the company’s portfolio of all-inclusive resorts in Mexico. The property was previously the Hilton Cancun.
Large beachfront development site up for auction
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.
Infonavit to offer 30-year fixed-rate mortgages
Bloomberg - Mexico’s largest mortgage provider Infonavit plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
www.businessweek.com/news/2012-04-23/mexico-sets-first-fixed-rates-with-inflation-receding-mortgages
Steel Technologies secures land for steel plant
Business Wire - Steel Technologies has secured land in the municipality of Celaya to construct its recently announced flat-rolled steel processing operation. Construction begins this month, and the facility is expected to be operating by the end of the year.
www.marketwatch.com/story/steel-technologies-to-expand-operations-in-mexico-2012-04-02
Mexico City mansion of historic value up for sale
New York Times - As the Mexican capital has grown and modernized, many traditional homes of stone and ceramic tiles have been replaced by towers of glass and steel. One of the few remaining historic residences is for sale at 75.88 million Mexican pesos, or $6 million.
www.nytimes.com/2012/03/30/greathomesanddestinations/30iht-remex30.html
Su Casita shareholders reject bankruptcy for now
Sentido Comun - Mortgage company Hipotecaria Su Casita faces a difficult financial situation as its shareholders chose not to review the proposed liquidation of the company before evaluating a possible restructuring of its operations with its creditors.
