News

Chihuahua invests US$619,536 in maintenance of industrial parks

CIUDAD JUAREZ – To increase industrial competitiveness, the State Government, through Promotora de la Industria, gave maintenance to the infrastructure of six industrial parks in several municipalities, mainly in Ciudad Juárez, with an investment...

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PAICE invests US$911,453 in Tijuana

TIJUANA – The federation, through Programa de Apoyo a la Infraestructura Cultural de los Estados (PAICE), and the City of Tijuana, will invest $911,453 for the construction of the fifth Casa de la Cultura of the city in the delegation Cerro...

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Federal government will invest US$415 million in Baja California

BAJA CALIFORNIA – Mexican President Andres Manuel Lopez Obrador announced an urban improvement program for marginalized neighborhoods near tourist areas, with an investment of US$415 million in 15 cities, including Tijuana and Mexicali In this...

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Hangzhou XZB Tech Co inaugurates automotive plant in Nuevo Leon

MONTERREY – Hangzhou XZB Tech Co, from China, started operations of its first plant in Mexico, which will produce high precision auto parts for the automotive industry inside the Hofusan Industrial Park, in the municipality of Salinas Victoria,...

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Juarez is the 3rd city in the country to attract investment

CIUDAD JUAREZ – Just below cities such as Monterrey and Guanajuato, Juarez consolidated itself as the 3rd largest investment attraction in the country, in terms of square meters of manufacturing space According to state government information,...

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Presidio Residential Capital closes 16 real estate transactions

SAN DIEGO – Presidio Residential Capital showed a resilient investment presence in major Western US markets in 2018, funding 16 new residential projects totaling 845 homes “Key to our success is our dedication and commitment to our long-term...

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Baja California records 4.9% annual growth in jobs

MEXICALI – Baja California has registered an annual growth rate of 49% in employment, above the national average of 33%, according to numbers from Instituto Mexicano del Seguro Social (IMSS) The head of Secretaría de Desarrollo Económico...

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Compass Made goes to Puerto Palomas

CHIHUAHUA – After 14 years of remaining without industrial activity, the first maquila was inaugurated in Puerto Palomas, Chihuahua It is Compass Made, a North American capital company dedicated to the manufacture of automotive harnesses that...

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New innovation centre for molds and dies was launched

CIUDAD JUAREZ – With a total investment of more than US$12 million contributed by the Federation, the State Government, the Private Initiative and Educational Institutions, Centro de Innovación en Moldes y Troqueles del Estado de Chihuahua...

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Bascom Arizona Ventures acquires Phoenix Class A multifamily property

ARIZONA – Bascom Arizona Ventures, LLC a subsidiary of Irvine, California-based private equity firm The Bascom Group, LLC has acquired the Tempo at McClintock Station Apartments ("Tempo") Tempo is a mid-rise multifamily property consisting of 423...

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