Born in Nicaragua, Rocha has been with the Related Group formore than 24 years. Prior to being appointed president, he servedas senior executive vice president and director of development. Ashead of development, he directed rental and condominiumdevelopment, new construction, project financing, land acquisitionand disposition. He has also been an integral part of the sales,lease-up and asset management function in the firm's properties.Throughout his career, he has developed more than 80 projects withmore than 23,000 units.

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Rosso joined the Related Group in early 2002. Prior to hisappointment as vice president, Rosso was responsible fordevelopment of projects, including 500 Brickell, Marina Village atBoynton Beach, the Residences at Merrick Park in Coral Gables andSt. Andrews at Kings Point in Tamarac. He will work with Rocha indeveloping projects, such as the $250-million ICON Vallarta, a343-unit condominium project on five acres in Downtown Vallarta.Architects on the project are Yoo by Philippe Starck andArquitectonica. Construction on the project will begin in mid-2007with prices for the units ranging from $200,000 to $1 million.Rosso tells GlobeSt.com that the design of the project has beencompleted and sales will begin next month.

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Related Group revealed plans for thenew subsidiary in February. The new group also plans to developcondominiums and hotels in other tourist locations in Mexico,including Acapulco, Cabo San Lucas, Playa del Carmen andZihuatanejo. Rosso adds that the company has plans to developprojects in Argentina, Uruguay, Panama, Columbia and is consideringtwo projects in Costa Rica.

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"There is a lot of value in Mexican real estate because it'sclose to large US cities such as California and Arizona," he says."Provisions are in place to complete projects. We are able to getconstruction loans and provide financing for end users. It's amature market but there's still value."

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