Altamar: Punta del Este Luxury Residences On Punta Ballena

For decades, the Casapueblo Hotel has been one of the most photographed buildings in Punta del Este. The hotel’s prime location on the Punta Ballena peninsula makes it the perfect spot for soaking up panoramic views of the Uruguay coast. Now another masterpiece is being built on Punta Ballena, and a handful of discerning owners will be perched on the …

Sofitel Casino Carrasco Opening Postponed Until March 2013

It’s one of the most highly anticipated hotel grand openings in South America, and the anticipation will only grow now that it is being postponed for a fifth time. March, July, September, November and December 15 were the five most recent grand opening dates given for the new Sofitel Casino Carrasco, and the Sofitel website still hypes a Grand Opening …

Puerto Madero Towers Housed Megamoney Laundering Scheme

In addition to some of Buenos Aires’ most expensive real estate, we’ve known for some time that Puerto Madero has the highest vacancy rate in BA. Each time a new multi-million dollar residential tower is launched, the units typically sell quickly but over two-thirds often sit vacant upon project completion. Apparently a local retiree decided the ghost barrio would be …

Trump Tower Punta del Este Scheduled Completion Date Is 2017

725 Fifth Avenue, 401 North Wabash, 15800 Collins and now the Rambla Lorenzo Batlle Pacheco. Punta del Este will soon join an elite club of global destinations like NYC, Chicago and Miami with a Trump Tower. Trump Tower Punta del Este was announced yesterday and, as one might expect from a project associated with the legendary Donald J. Trump, the …

“Contado Con Liqui” An Argentina Investor’s New Best Friend

Over the past eleven months, we’ve chronicled Argentina’s currency restrictions and the crippling spillover effect on real estate activity, primarily in the existing property market. Just as Uruguay hotels and tour operators are being equal parts creative and proactive in crafting programs to circumvent the cepo cambiario, so too are Argentina money managers, multinationals and currency exchanges. “Contado con Liquidacion Inverso,” …