According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
Fundamentals are improving across many office markets in The Americas, Asia Pacific and Europe as we head into 2015.
100 days into the term of president Juan Carlos Varela, the real estate market is finding many reasons to applaud the new administration.
The real estate market in Costa Rica is displaying signs of significant interest towards pre-built construction of coastal gated communities.
Central and South America's hotel development pipeline comprised of 390 hotels totaling 63,780 rooms.
Real estate prices shot up to over $8,400/acre, an increase of 400 percent.
Work on the Panama Canal expansion projected halted today expanding the canal over cost overruns of $1.6 billion.
Grand Tower, the latest major project to be delivered in Punta Pacifica, has finally been issued its occupancy permit. The developer of the 55-story tower has started to notify owners to prepare for closings, which are expected to begin in December.
Driving over the Panama Canal on the Bridge of Americas, it's easy to find Panama Pacifico, the six-year-old master-planned development on the west side of the canal. The 3,450-acre project is one of the largest and most ambitious developments in the region.
The increasing cost of healthcare in first-world countries has made medical tourism a thriving industry. Instead of traveling for sea views or mountain hiking, tourists are traveling for medical treatment.
The Ritz-Carlton Hotel Company plans to expand its Reserve hotel collection with a resort on Pearl Island, located 45 miles south of Panama City. The Ritz-Carlton is part of the second phase of a luxury real estate and leisure island development on the 3,500-acre Pearl Island.