Procopio's real estate conference draws industry leaders from throughout North America
By GEORGE DECKER, Special to the Daily Transcript
Tuesday, February 27, 2007
On Feb. 17, the Procopio International Tax Institute presented the information-packed, full-day conference, "Investing in Mexican Real Estate 2007 Outlook: Residential Properties & Development." The conference at the University of San Diego's Joan B. Kroc Institute for Peace & Justice attracted individuals from throughout the United States, Mexico and Canada who are both involved and interested in the Mexican real estate industry.
Why residential Mexican real estate? The market for vacation and recreational properties in Mexico is booming. Most of the activity is centered on new markets such as Puerto Peñasco, Puerto Vallarta, Los Cabos and San Felipe in Baja California, according to a report by Softec in April 2005. While the industry is expanding rapidly, the potential pitfalls are many. At the conference, expert panelists shared their knowledge and insights on how to avoid these pitfalls and successfully conduct cross-border Mexican real estate transactions.
The conference's 11 courses covered a wide range of timely topics, including acquiring residential properties in Mexico (due diligence, letters of intent and purchase agreements); cross-border construction contracts; selling and marketing the project in the United States; Mexican land entitlements and permitting, including zoning considerations; tax consequences of sales and other dispositions of Mexican real estate; Ejido property conversions; fractional and partial ownership; escrows and deposits; FIBRAs; and Mexican Fideicomisos (residential and business trusts).
Expert panelists included real estate and tax attorneys from Mexico, the United States and Canada; developers and design professionals from both sides of the border; and government officials. Former U.S. Ambassador to Mexico Jeffrey Davidow, now director of the Institute of the Americas, gave the conference's keynote speech on Mexico's political and economic future in the wake of last year's election of Felipe Calderón as president.
The Procopio International Tax Institute, led by Patrick W. Martin Esq., and Enrique Hernández-Pulido Esq., of the law firm Procopio, Cory, Hargreaves & Savitch LLP, has presented several conferences in both the United States and Mexico on investing in Mexican real estate. The next conference is scheduled to take place in September in beautiful Cabo San Lucas, Mexico. As the conference draws near, please visit www.procopio.com/IMRE to register or access more information.
Procopio, Cory, Hargreaves & Savitch LLP was established in 1946 and is now one of the largest business law firms in the San Diego region. With offices in San Diego and Carlsbad, Procopio's more than 100 experienced attorneys provide comprehensive legal services in the areas of construction; corporate and securities; environmental and land use; financing, restructuring and bankruptcy; intellectual property; labor, employment and benefits; litigation; patent prosecution and counseling; real estate; tax; and trusts, estates and probate. For additional information, visit www.procopio.com.
Tuesday, February 27, 2007
On Feb. 17, the Procopio International Tax Institute presented the information-packed, full-day conference, "Investing in Mexican Real Estate 2007 Outlook: Residential Properties & Development." The conference at the University of San Diego's Joan B. Kroc Institute for Peace & Justice attracted individuals from throughout the United States, Mexico and Canada who are both involved and interested in the Mexican real estate industry.
Why residential Mexican real estate? The market for vacation and recreational properties in Mexico is booming. Most of the activity is centered on new markets such as Puerto Peñasco, Puerto Vallarta, Los Cabos and San Felipe in Baja California, according to a report by Softec in April 2005. While the industry is expanding rapidly, the potential pitfalls are many. At the conference, expert panelists shared their knowledge and insights on how to avoid these pitfalls and successfully conduct cross-border Mexican real estate transactions.
The conference's 11 courses covered a wide range of timely topics, including acquiring residential properties in Mexico (due diligence, letters of intent and purchase agreements); cross-border construction contracts; selling and marketing the project in the United States; Mexican land entitlements and permitting, including zoning considerations; tax consequences of sales and other dispositions of Mexican real estate; Ejido property conversions; fractional and partial ownership; escrows and deposits; FIBRAs; and Mexican Fideicomisos (residential and business trusts).
Expert panelists included real estate and tax attorneys from Mexico, the United States and Canada; developers and design professionals from both sides of the border; and government officials. Former U.S. Ambassador to Mexico Jeffrey Davidow, now director of the Institute of the Americas, gave the conference's keynote speech on Mexico's political and economic future in the wake of last year's election of Felipe Calderón as president.
The Procopio International Tax Institute, led by Patrick W. Martin Esq., and Enrique Hernández-Pulido Esq., of the law firm Procopio, Cory, Hargreaves & Savitch LLP, has presented several conferences in both the United States and Mexico on investing in Mexican real estate. The next conference is scheduled to take place in September in beautiful Cabo San Lucas, Mexico. As the conference draws near, please visit www.procopio.com/IMRE to register or access more information.
Procopio, Cory, Hargreaves & Savitch LLP was established in 1946 and is now one of the largest business law firms in the San Diego region. With offices in San Diego and Carlsbad, Procopio's more than 100 experienced attorneys provide comprehensive legal services in the areas of construction; corporate and securities; environmental and land use; financing, restructuring and bankruptcy; intellectual property; labor, employment and benefits; litigation; patent prosecution and counseling; real estate; tax; and trusts, estates and probate. For additional information, visit www.procopio.com.
posted by La Punta Realty at 10:46:00 PM
0 Comments:
Post a Comment
<< Home