In a guest blog post authored by LHB Communications’ Leslie Braunstein, Institutional Real Estate, Inc. discusses growth of the Mexican economy and especially that of Tijuana, just over the border from San Diego, where the Urban Land Institute held its Spring Meeting. From a Samsung factory that manufactures 65,000 TVs a day for export to coastal resort development to an impressive culinary scene, Tijuana — Mexico’s third largest city — is moving forward. A ULI Technical Assistance Panel has issued recommendations for redeveloping a demonstration block in the city’s center that could catalyze a citywide renaissance.
Commercial real estate investors are likely to obtain much lower returns on their investments over the next four years, according to John Flavin, principal of San Francisco-based real estate consulting and advisory firm Wolfback. Institutional-grade commercial real estate provided investors with a whopping 25 percent return in 2010, Flavin said. But investors should be prepared […]