News

New Rules for Maquiladoras (IMMEX) 2019

Mexican Authorities continue to use the old “throw it against the wall and see if it sticks” method of changing rules for Maquilas.   Exciting new proposals for the border region of Mexico were promulgated upon new President Andrés Manuel López Obrador (AMLO) Morena Party’s taking power.  Income Taxes for qualifying companies were dropped by

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Tijuana Industrial Real Estate Update February 2017

Tijuana Industrial Real Estate Update February 2017 Tijuana is in a state of flux. Looking at thirty years of data while working in this market, there has never been so little vacancy. In 2016, over four million square feet was absorbed by companies like Motor Car Parts & Accessories and Flextronics. Today, given some of

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Tecate’s New Rail Line Currently Under Construction

A new $15 million rail line and multi-model facility one half mile from the US border in Tecate is finally under construction. Hyundai, Toyota and Samsung plan to use these facilities to transport their products to the US marketplace. Maquila Properties has 50 acres and a 170K square foot building adjacent to the station. Click

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2016 Mexican Industrial Real Estate – A View of Mexico’s Maquiladora Market

The borders of Mexico were the first beneficiaries of the maquiladora (or in bond) program in the 1960’s. Foreign companies could import machinery and raw materials duty free, as long as they promised to re-export the final products. The Maquila Program or Border Industrialization Program, was intended to provide jobs for guest workers left unemployed

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Tijuana Real Estate Update 1st Quarter 2016

The Tijuana commercial and industrial real estate market is booming. Vacancy has dropped to 5% for the first time since the 1990’s. The Tijuana Industrial real estate market boomed in 2015 as Flex Medical (144,000 SF in Otay), Ink Throwers (200,000 SF in La Jolla Industrial Park), Jonathan Louis Furniture, (155,000 SF in El Aguila)

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Tijuana Industrial Real Estate Experiencing Robust Growth

The Tijuana Industrial real estate market is experiencing robust growth as Flex Medical (144,000 SF in Otay) and Ink Throwers (200,000 SF in La Jolla Industrial Park) grow organically into larger facilities.   This has reduced the number of over 100,000 SF Facilities to Just 13 from the 17 that were available just 1 year ago. Developers

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Macquarie Mexico Expands its Commercial Real Estate Portfolio

FIBRA Macquarie México announced  it has successfully completed the acquisition of a ten-property industrial portfolio with a Gross Leasable Area (GLA) of 2.2 million square feet located in the northern Mexico cities of Monterrey, Reynosa, Tijuana, Ciudad Juarez and Saltillo. The portfolio was acquired from an institutional industrial property owner and developer in Mexico for

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