U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.
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.
The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,
STR Global reported this week that hotels across the Americas region recorded positive results in the three key performance metrics.
Panama City is enjoying an office building boom being driven by several economic factors.
Vacancy rates in Chile's tight office market reached the highest level in nine years in the first half of 2013.
Two years after the Trump Ocean Club hotel opened in Panama City, work has restarted on plans to build the largest casino in the region. The Trump casino could be open as early as February, but is more likely to debut later in 2014.
Socially awkward comedian Larry David's Pacific Palisades "hobbit-style" estate is on the market. Mr. David's California mini-compound can be purchased for a funny $14.999 million, according to the New York Daily News.
Due to increasing large format retail store saturation levels in Santiago and growing numbers of people that are living in new residential areas at lengthy commuting distances from larger retail centers, mini-malls are fast becoming an important new retail sector segment. According to an article published in the Chilean newspaper Diario Financiero, approximately 26,000 square meters of mini-mall retail space entered the market in 2012.
According to STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for 2012. In 2012, the Americas region reported a 2.4-percent increase in occupancy to 61.5 percent, a 3.8-percent gain in average daily rate to US$108.53 and a 6.3-percent jump in revenue per available room to US$66.77.
In the face of Chile's favorable economic environment, new retail format potential and international opportunities, Chilean retailers have gone on the offensive. According to an article published in the Chilean business periodical Pulso, key Chilean retailers plan to make $7.143 billion in investments up to 2017.