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.. read more →
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.. read more →
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.. read more →
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).. read more →
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.. read more →
