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.
Mexico’s resort industry is making an impressive recovery with two new national policy changes, allowing Mexican pension funds to invest in real estate and permitting non-Mexicans to own coastal real estate, according to an article by LHB Communications’ Leslie Braunstein published in Urban Land Online. Resort development also is picking up in the US, particularly with amenity-rich second home communities that enhance family bonding experiences.