Prudential Vallarta Blog

Carlos Osuna of Sierra del Mar, Tere-Kimball of Prudential and Saul Groman of Sierra del Mar los arcos

The incredibly beautiful Sierra del Mar Los Arcos development was the host site for the November 4 breakfast meeting of all three regional A.M.P.I. chapters (Mexican Association of Professional Realtors). Attendance included 45 representatives from all three A.M.P.I. chapters active in the Bay of Banderas area.

Tere Kimball, president of the Riviera Nayarita chapter, made the following points:

• Members must attend at least 50% of the monthly meetings or be subject to suspension.
• The current board of directors was confirmed for one final year (2009) in order to complete several important projects including: Developers Review Certification, Cedula Professional and the MLS contract (urgent).
• Uniform use of the MLS contract for all agencies in PDF file
• Volunteers for the board of 2010. The new President and Vice President will need to start working with the current board one year in advance of their terms.
• New dates for the Real Estate Course I. English: December 1st to the 5th. Spanish: November 24th to the 28th, 2008.
• Next and last meeting for 2008 on Thursday December 4 at 9am in Punta Pelicanos, No. 45. All of the listings for Punta Pelicanos, regardless of which agency has the listing, will be open that day for viewing.

For more information on A.M.P.I  Riviera – Nayarita, call Elena at El Grupo de Bienes Raices (329) 298-1790 or for A.M.P.I. Vallarta call Tom Carota at (322) 223.5511.

Designed and priced to fill an important mid-level market niche, Yubarta has announced it will complete the first five homes at its Marina Vallarta development by the end of this year.

The adage about the importance of location in real estate applies to Yubarta. Named after the famous Humpback whales that winter in Banderas Bay, the development is located in one of Vallarta´s most sought after residential neighborhoods. Bordering the lush green fairways of the Marina Golf Course, the site is ideal for families, golfers or for any owners who want space and tranquility within the Marina Vallarta community.

The 90 single family residences at Yubarta are just minutes from the bustling Marina boardwalk and the beach. It is also conveniently close to the best schools in the area, the Marina mall and Vallarta’s international airport.

Yubarta’s Model Home

The project is attractively priced and offers every amenity. Common areas and recreational spaces take up one third of the master plan, each carefully designed to meet the needs of any growing family or snowbirds looking to enjoy a tropical lifestyle. The development includes two pools, large playground area,fitness center, an outdoor sports center and landscaped gardens.

Homes start at US$323,000 and residential Lots US$87,490. The entire project has been pre-approved for mortgage financing.

For further information, contact Veronica Eggleston at Prudential California Realty at 226 2690 or cellular 044 322 110 3448

From January to April, tourist investments in Mexico have totaled $2.803 million USD, accounting for 84% of the total annual goal in this area.

The SECTUR director noted that during the past 16 months of President Felipe Calderón’s administration, Mexico has accumulated $6.267 billion USD, as a result of which it has achieved 31% of its six-year goal of $20 billion USD.

On behalf of President Felipe Calderón, Elizondo inaugurated the 22nd Annual Convention of the Mexican Association of Tourist Developers (AMDETUR) on “Tourism, the Engine of Development for Mexico.”

Earlier today, Tourism Secretariat Rodolfo Elizondo inaugurated the 22nd Annual Convention of the Mexican Association of Tourist Developers (AMDETUR) on “Tourism, the Engine of Development for Mexico,” at which he told businessmen in the area that Mexico has shown favorable results regarding private tourist investment by accumulating $2.803 billion USD during the first four months of the year.

Accompanied by José Carlos Azcárraga, President of AMDETUR, the SECTUR director stated that as a result of the confidence of investors in the tourism sector, 31% of the six-year goal of $20 billion USD has been achieved, since over the past 16 months of President Calderón´s government, $6.267 billion USD of investment in tourism have been generated.

“55% of this investment comes from national capitals, while the remaining 45% corresponds to foreign investors, mainly from the United States and Spain.”

“The presence of those of you who are tourist investors and developers confirms your enormous confidence in Mexico and your willingness to continue combining forces and coordinating the actions that will enable us to increase tourist flows and investments and thereby contribute to Mexico’s economic development,” declared Elizondo Torres.

He went on to say that in order to continue promoting tourism in Mexico, the National Tourist Promotion Fund (FONATUR) will participate in major projects such as La Pesca in Tamaulipas as well as two tourist real estate developments in Puerto Escondido and Baja California Sur.

The Tourist Secretary admitted that tourism in Mexico will be further reinforced by President Calderón’s support of this industry, one example of which has been the creation of the National Infrastructure Fund.

“This fund provides the possibility of financing tourist projects for the state, which in turn will facilitate the construction of the tourist attractions we have planned, as well as the improvement of urban services in already consolidated destinations.”

In particular, he reported, the Tourism Secretariat has formally submitted a package of seven investment requests for providing basic services such as drainage, safe drinking water and the installation of wastewater treatment plants and other urban works for seven beach tourism destinations, including Cancún, Ixtapa-Zihautanejo, Loreto, Los Cabos, Puerto Peñasco, Puerto Vallarta and the Riviera Maya.

Lastly, Secretary Elizondo urged businessmen and investors to continue trusting in Mexico and to create a sustainable, orderly development for the benefit of the industry and Mexico’s economic and social development.
“The point is not to do business to the advantage of a few and to the disadvantage of many but to ensure that investments in Mexico are attractive and profitable for investments while distributing wealth, which will create well-paid sources of employment and provide local benefits.”

“I would urge you to continue investing in Mexico and for our growth to be orderly and planned and have a long-term vision rather than one based on doing business in a day,” he stated.

The inauguration of this event was attended by Ernesto Coppel Nelly, President of the National Tourist Business Council (CNET); Luis Antonio Mahbub Sarquis, President of the Confederation of National Chambers of Trade, Services and Tourism (Concanaco-Servytur), legislators, state tourist businessmen and businessmen in the area.
Source: Head Office of Media and Communication, Press and Information Office, Tourist Secretariat (SECTUR).

Manuel Flores, an award winning sales manager for full ownership and fractional homes at Mayan Island, has joined the Prudential Vallarta sales organization. Prudential Vallarta has consistently been rated one of the top three realty offices in the Puerto Vallarta real estate market and looks forward to his addition to maintain this leadership.

Flores has a 22 year record of remarkable success in real estate sales, both in the Vallarta area and in Acapulco where he held senior sales and sales management positions at both the Mayan Island and the Brisas Marques.

Prudential Vallarta has assigned Flores to the prestigious Luma “Active Adult Living” condominium project in Nuevo Vallarta. “I’m thrilled to be a part of the Prudential team for the Luma project,” said Flores. “Luma is unique in Mexico. The first of its kind. And the strong sales response has already demonstrated the viability of the Active Adult Living concept in Mexico.”

Luma is a 264 unit luxury beachfront project exclusively targeting the “50+” age group of second home/retirement home buyers. As the first Mexican example of this concept, Luma has drawn international media coverage, including articles in the New York Times, the Wall Street Journal and the Kiplinger Report.

Luma Sales Director Alexander Urrutia said, “We are very fortunate to have someone with Manuel’s depth of experience and track record of achievement.”

Tere Kimball, Prudential Vallarta Broker / Partner, said, “Manuel Flores is an ideal representative for a project with the international importance of Luma. We are so pleased that he has joined our organization.”

Residences at Luma include spacious one-, two- and three-bedroom condominiums with dramatic ocean and mountain views. Amenities include a comfortable lobby lounge, café and bar, library, wellness center with an ocean view, massage room, Pilates and yoga center, saltwater infinity pools, bocce court, sports and game room, ocean-view terraces and private marina. A “Luma Lifestyle Concierge” will coordinate everything from restaurant reservations and excursions to housekeeping and chef services.

Located within the Paradise Village Resort complex, Luma provides its residents with exclusive access to the Robert Von Hagge-designed El Tigre Golf Course, spas, restaurants and bars. Luma offers close proximity to shopping, American-style health care, high-speed Internet access and English-speaking staff.

Luma’s construction is well under way. The first phase is scheduled to open in late 2009.

Additional information is available by calling toll-free 866-554-LUMA (866-554-5862) in the U.S., or 322-226-7290 from within Mexico. Or go to www.LumaLiving.com. Luma’s on-site Sales Studio and Model Unit are open seven days a week in Nuevo Vallarta.

Nearly 100 Vallarta area realtors toured the new La Privada Villas on Thursday, February 7^th.

This gated residential community fills an important niche as an exclusive, luxury community bordering a world class golf facility: the famed El Tigre Golf Course in Nuevo Vallarta. La Privada Villas overlook the emerald green fairways and blue water features that define this extraordinary course.

La Privada is a one-of-a-kind development featuring extensive amenities, including privileged access to a private beach club, marina, spa and a beautiful recreation center. Designed by the well known Ernesto Truqui of Truqui Construcciones, La Privada is limited to just 32 luxury villas.

Pricing is surprisingly affordable, starting at $344,000US. For more information, contact Project Manager Desireé Lara at 297-4819. Cell: 322-139-0460.

La Privada is represented by Prudential California Realty, Vallarta Division, www.prurealtypv.com.

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