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Real Estate Industry Mexico

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NEWS
September 3, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
In a hard-luck case that illustrates the perils of owning Mexican real estate, about 150 Baja California homeowners, most of them U.S. citizens from Southern California, face mass eviction on Oct. 11 from a picturesque beachfront development just south of here, homes in which many have invested their life savings. The looming evictions at the surf-side community known as Punta Banda, 85 miles south of the U.S.
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NEWS
October 27, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
Monica Erickson and her family have owned land north of Mazatlan on Mexico's Pacific coast for 30 years--or have they? Although they say they have the deed to 1,600 acres of property, the Mexican government is now telling them the document is worthless, that the property in fact belongs to an ejido, or a communal landholder group.
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BUSINESS
March 9, 1993 | TED JOHNSON, SPECIAL TO THE TIMES
The Koll Co., which has been developing in Mexico for the past decade, said Monday that it has launched a real estate services firm with Cushman Realty Corp. to draw on the market for companies moving to Mexico. The new company, Koll/Cushman Realty Mexico, functions as a real estate brokerage and also offers services such as construction and property management and relocation assistance.
NEWS
September 3, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
In a hard-luck case that illustrates the perils of owning Mexican real estate, about 150 Baja California homeowners, most of them U.S. citizens from Southern California, face mass eviction on Oct. 11 from a picturesque beachfront development just south of here, homes in which many have invested their life savings. The looming evictions at the surf-side community known as Punta Banda, 85 miles south of the U.S.
BUSINESS
August 16, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Dolores Mobasher and her husband thought that they had bought a slice of paradise when they shelled out $40,000 in 1986 for an ocean-view condominium in a fancy new complex rising in the Mexican resort of Cancun. But now, the Dunas condominium and hotel complex sits unfinished and damaged by a hurricane, the developer has left the country and the project has been boarded up by Mexican officials.
NEWS
February 16, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
Along a curving white-sand bay framed by austere desert mountains, the billboards for the beachfront condos proclaim "Act Now--Only 42 Available" and "Location, Location, Location." The signs aren't in Spanish. They are in plain realtor's English. Although the Mexican Constitution forbids foreigners to directly own land within 30 miles of the coast, they can hold it through trusts. And English is the preferred language for pushing these home sites 800 miles south of the U.S.
NEWS
October 27, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
Monica Erickson and her family have owned land north of Mazatlan on Mexico's Pacific coast for 30 years--or have they? Although they say they have the deed to 1,600 acres of property, the Mexican government is now telling them the document is worthless, that the property in fact belongs to an ejido, or a communal landholder group.
BUSINESS
August 3, 1992 | JUANITA DARLING, TIMES STAFF WRITER
Mexico plans to liberalize restrictions on foreign land ownership in coastal and border areas, government officials have been telling resort and industrial park developers. Easing the restrictions could remove a significant obstacle to desperately needed infrastructure improvements in the border region. Foreigners have been reluctant to invest in projects because of uncertainty over the long-term security of their investments and the complexity of regulations.
BUSINESS
October 14, 1990 | JUANITA DARLING, TIMES STAFF WRITER
As in most Mexican villages, the town square here is the center of community life. What makes this village different is that the greetings and banter at "the garden," the local name for the square, are often as likely to be in English as in Spanish. San Miguel de Allende hosts one of a dozen or more large American communities that dot Mexico. Lured by beachfront property or mountain views combined with a low cost of living, hundreds of thousands of U.S.
NEWS
February 16, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
Along a curving white-sand bay framed by austere desert mountains, the billboards for the beachfront condos proclaim "Act Now--Only 42 Available" and "Location, Location, Location." The signs aren't in Spanish. They are in plain realtor's English. Although the Mexican Constitution forbids foreigners to directly own land within 30 miles of the coast, they can hold it through trusts. And English is the preferred language for pushing these home sites 800 miles south of the U.S.
BUSINESS
March 9, 1993 | TED JOHNSON, SPECIAL TO THE TIMES
The Koll Co., which has been developing in Mexico for the past decade, said Monday that it has launched a real estate services firm with Cushman Realty Corp. to draw on the market for companies moving to Mexico. The new company, Koll/Cushman Realty Mexico, functions as a real estate brokerage and also offers services such as construction and property management and relocation assistance.
BUSINESS
August 3, 1992 | JUANITA DARLING, TIMES STAFF WRITER
Mexico plans to liberalize restrictions on foreign land ownership in coastal and border areas, government officials have been telling resort and industrial park developers. Easing the restrictions could remove a significant obstacle to desperately needed infrastructure improvements in the border region. Foreigners have been reluctant to invest in projects because of uncertainty over the long-term security of their investments and the complexity of regulations.
BUSINESS
October 14, 1990 | JUANITA DARLING, TIMES STAFF WRITER
As in most Mexican villages, the town square here is the center of community life. What makes this village different is that the greetings and banter at "the garden," the local name for the square, are often as likely to be in English as in Spanish. San Miguel de Allende hosts one of a dozen or more large American communities that dot Mexico. Lured by beachfront property or mountain views combined with a low cost of living, hundreds of thousands of U.S.
BUSINESS
August 16, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Dolores Mobasher and her husband thought that they had bought a slice of paradise when they shelled out $40,000 in 1986 for an ocean-view condominium in a fancy new complex rising in the Mexican resort of Cancun. But now, the Dunas condominium and hotel complex sits unfinished and damaged by a hurricane, the developer has left the country and the project has been boarded up by Mexican officials.
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