Buenos Aires Tech District Now Home To 155 Companies

Patrick Archer ba government, buenos aires events, creative class, entrepreneurs, real estate, technology

New construction activity may have ground to a halt in more developed areas of Buenos Aires, but that’s not the case in the Buenos Aires Tech District.. The Buenos Aires Tech District and the generous tax incentives associated with launching or relocating a company in the district are spurring new commercial and residential construction, as well as the renovation of …

Argentine Condominium Developers Embrace Long-Term Financing

Patrick Archer buenos aires events, real estate

With real estate sales down, dollars scarce and bank financing non-existent, more Argentina real estate developers are beginning to offer new construction condominiums with payment plans up to ten years or longer. Making small monthly payments is nothing new for locals who pay off everything from groceries to appliances to plane tickets en cuotas; however, this is the first time real …

Local Banks Investing Millions On Buenos Aires Office Space

Patrick Archer buenos aires events, foreign investment, real estate

At a time when Argentine companies have limited options regarding transferring profits abroad, two of Argentina’s largest banks are making major investments in Buenos Aires AAA office space. BBVA Banco Frances will invest US$220 million to acquire 23 floors in the recently announced Catalinas Norte project. Upon completion in 2015, the new 33-story office tower at the corner of Cordoba …

United Dropping Non-Stop Service From New York to Buenos Aires

Patrick Archer buenos aires events, tourism, us companies

Well, that didn’t take long. Fifteen months after announcing an eleven-hour bridge to BA, United Airlines will no longer offer non-stop flights between Greater New York and Buenos Aires. United Continental Holdings (NYSE: UAL) launched the Newark to Ezeiza service last year, a move which replaced United flights from Washington to Buenos Aires. Now, the Chicago-based airline says it will …

New Law Gets Tough On Buenos Aires Short-Term Rentals

Patrick Archer ba government, buenos aires events, competitiveness, hotels & casinos, real estate, tourism

Buenos Aires hotels have been losing ground and guests to owners of short-term apartment rentals ever since the 2001 financial crisis, but new legislation approved this week seeks to clamp down on alquileres temporarios and dramatically stem the turista tide. The new law will require those who own and rent four or more Buenos Aires short-term rental properties to, among other things, add …