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,” …

Why Punta del Diablo Is Now Uruguay’s Coolest Beach Destination

 Punta del Diablo is emerging as a popular destination for well-rounded international travelers. This beautiful Rocha beach has a vibe as laid-back and eclectic as the brightly painted homes and boutique hostels dotting her gently sloping landscape. Only a few kilometers from Brazil’s southern border, it seems fitting that Punta del Diablo lies at one end of Uruguay’s east coast while Punta …

Former Escada Boutique To Become A Chinese Grocery

The new Spring/Summer collections were recently unveiled at Buenos Aires Fashion Week, but one prominent German designers’ former Recoleta digs will have a decidedly more pedestrian look and feel for 2013. Like Zegna, Hermes, Ralph and Louis; Munich-based Escada pulled out of Buenos Aires earlier this year leaving a prime boutique at Alvear 1444 vacant and available for aspiring fashionistas …