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The Bailout:
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December 3, 2008
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LATIN AMERICA BREAKING NEWS
December 3, 2008
Marriott Residences Hitting Baja California

LORETO, MEXICO-A Scottsdale, AZ-based developer is building the 201-unit condo property here, with residences between $700,000 and $3 million. ... Full Story

Sales Brisk for Condos at $400M Trump Tower

PANAMA CITY-The US economy hasn’t slowed activity, but has moved domestic buyers out of the picture, says sales director. ... Full Story

Dominican Republic Readies for $150M Tower

SANTO DOMINGO, DOMINICAN REPUBLIC-Las Arenas, the 25-story residential tower, is breaking ground in the Q1 of 2009. ... Full Story

Hill Lands $45M Contract for $6B DR Resort

PUNTA CANA, DOMINICAN REPUBLIC-The NJ-based firm will manage the first phase of the project, which will include over 1,300 residences and other components. ... Full Story

Revat Group Plans $50M Hotel in Two Phases

PANAMA CITY-The 20-story building will have about 156 suites, with the last being ready by 2011. ... Full Story

Latin America Avoids World Downturn So Far

MEXICO CITY-The countries south of the US were just starting to surge into strong markets when the credit crunch hit. JLL and CBRE believe it won’t be slow for long. ... Full Story

Plans Set for $3.5B-Funded Science Park

MEXICALI, MEXICO-The four-phase project, which will be home to solar-technology firms and similar enterprises, has a 10-year buildout. ... Full Story

Hilton to Add 150 Hotels to Caribbean/Latin America

SAO PAOLO, BRAZIL-The multi-national hotel chain will quadruple its hotels with additions to Mexico, the Caribbean, Central America and South America. ... Full Story

GoldenTree Invests $216M in Brazil Projects

SAO PAULO, BRAZIL-The New York City-based firm has made its third foray into the market, seeking office and residential projects. ... Full Story

Prudential Creates $139M Loan for Industrial

JUAREZ, MEXICO-The company is lending another $46.5 million to Verde Realty for 22 properties along the US-Mexico border, adding to an already $93 million loan. ... Full Story

Federal, Grupo Pair for $3B in Developments

MEXICO CITY-The two firms have formed a joint venture, and are already working on a $500-million resort project, with 1,600 housing units, a hotel and golf course. ... Full Story

Union Investment Purchases Office for $97M

MEXICO CITY-The German firm, using an open-ended real estate fund, is buying the 265,739-sf building in a sale-leaseback. ... Full Story

JLL Hotels, HIA Align Teams to Mine Brazil

SAO PAULO, BRAZIL-Jones Lang LaSalle Hotels takes over Hotel Investment Advisors for its new push, underwriting it with investors' requests and Brazil's investment-grade rating. ... Full Story

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