Riu Hotel in Costa Rica is set out to lose building permit
The Costa Rica Ministry of Health is set to announce penalties against the builder of the enormous Riu Hotel. The mega Hotel is accused of overcrowding its on-site construction dormitories with close to 2,000 workers. As a result, Riu could lose its construction permit. Workers complain about poor medical care According to the Ministry of Health, Riu [...]
Builder of Costa Rica’s new $100 million National Stadium is choosen
Saturday, November 15, 2008
The vice minister of sports and chairman of the National Council of Sports and Recreation — Osvaldo Pandolfo — confirmed this week that China’s $100 million soccer stadium donation will be built by Chinese construction company, Anhui Foreign Economic Construction (AFEC). Pandolfo commented: “I do not know the exact reasons that China had when choosing AFEC [...]
Construction in Costa Rica up 22% over last year
Tuesday, November 11, 2008
Despite a worldwide economic slowdown, the Costa Rica Chamber of Construction boasts that construction in Costa Rica is not in crisis, but up 22% over 2007. Earlier this year, the Chamber of Construction had projected that by the end of 2008, construction in Costa Rica would be between five and six million square meters. This represents [...]
EDICA celebrates 50 years building Costa Rica’s most renowned real estate
Tuesday, November 4, 2008
This year, Costa Rica’s most celebrated construction company — EDICA — turns 50. Since its inception, EDICA has been at the forefront of commercial construction in Costa Rica, providing unparalleled design and construction solutions. EDICA’s construction portfolio is incomparable, and is undoubtedly decades ahead of its closest competitor. Over the course of 50 years, EDICA has [...]
Costa Rica Real Estate Investors against new environmental law
Saturday, November 1, 2008
The Supreme Electoral Tribunal (TSE) of Costa Rica has approved a law which allows the Costa Rica Environment and Energy protection agency (Minae) to stop any real estate development in Costa Rica which puts Costa Rica wildlife, or the environment at risk. News of the new law has real estate developers, investors and local business [...]
Rental Market might benefit amid financial crisis
Saturday, November 1, 2008
According to experts, Costa Rica real estate developers may opt to rent real estate as opposed to selling in wake of the current financial crisis. Valle del Sol, a prominent upscale real estate development in Costa Rica is the first, of what some speculate will be many, to offer rentals. Economists and real estate experts believe [...]
Homeowners Tapping their Home Equity
Wednesday, October 29, 2008
The US mortgage meltdown has made it increasingly difficult for US homeowners to borrow against equity in their US residences. The majority of US lenders with whom homeowners had established Home Equity Lines of Credit for their primary residences have gone out of business. Furthermore, the drastic downturn in housing prices throughout many [...]
Costa Rica Tribunal shuts down fourteen real estate projects
Saturday, October 25, 2008
The Environmental Administrative Court of Costa Rica (TAA) closed down fourteen real estate projects in the coastal line of the Osa peninsula. The projects shut down presented irregularities in permits and caused damage to the environment. According to Jose Lino Chaves — President of TAA — many of the construction projects that were closed this week [...]
Development of St. Regis Costa Rica put on hold due to Lehman Brothers collapse
Friday, October 24, 2008
The increase in construction costs, the uncertainty of the international real estate market and the collapse of US bank Lehman Brothers has put the construction of St Regis Costa Rica to be put on hold. The St Regis Costa Rica project was being financed by the now collapsed US bank Lehman Brothers. The decision to put [...]
High Tech companies continue to move operations to Costa Rica
Thursday, October 23, 2008
Align Technology Inc. is the latest high tech company to cut hundreds of U.S. based jobs, pack their bags and move operations to Costa Rica. Align, a publicly traded company (NASDAQ:ALGN), pioneered the invisible-orthodontics market. Today, it is the leader in clear-aligner therapy. Company representatives said recently that over 100 jobs will be cut from its [...]
Riu Hotel in Costa Rica is set out to lose building permit
Mon, Nov 17, 2008
The Costa Rica Ministry of Health is set to announce penalties against the builder of the enormous Riu Hotel. The mega Hotel is accused of overcrowding its on-site construction dormitories with close to 2,000 workers. As a result, Riu could lose its construction permit. Workers complain about poor medical care According to the Ministry of Health, Riu [...]
Builder of Costa Rica’s new $100 million National Stadium is choosen
Sat, Nov 15, 2008
The vice minister of sports and chairman of the National Council of Sports and Recreation — Osvaldo Pandolfo — confirmed this week that China’s $100 million soccer stadium donation will be built by Chinese construction company, Anhui Foreign Economic Construction (AFEC). Pandolfo commented: “I do not know the exact reasons that China had when choosing AFEC [...]
Construction in Costa Rica up 22% over last year
Tue, Nov 11, 2008
Despite a worldwide economic slowdown, the Costa Rica Chamber of Construction boasts that construction in Costa Rica is not in crisis, but up 22% over 2007. Earlier this year, the Chamber of Construction had projected that by the end of 2008, construction in Costa Rica would be between five and six million square meters. This represents [...]
EDICA celebrates 50 years building Costa Rica’s most renowned real estate
Tue, Nov 4, 2008
This year, Costa Rica’s most celebrated construction company — EDICA — turns 50. Since its inception, EDICA has been at the forefront of commercial construction in Costa Rica, providing unparalleled design and construction solutions. EDICA’s construction portfolio is incomparable, and is undoubtedly decades ahead of its closest competitor. Over the course of 50 years, EDICA has [...]
Costa Rica Real Estate Investors against new environmental law
Sat, Nov 1, 2008
The Supreme Electoral Tribunal (TSE) of Costa Rica has approved a law which allows the Costa Rica Environment and Energy protection agency (Minae) to stop any real estate development in Costa Rica which puts Costa Rica wildlife, or the environment at risk. News of the new law has real estate developers, investors and local business [...]
- Rental Market might benefit amid financial crisis Sat, Nov 1, 2008
- 0 Comments
- Homeowners Tapping their Home Equity Wed, Oct 29, 2008
- 0 Comments
- Costa Rica Tribunal shuts down fourteen real estate projects Sat, Oct 25, 2008
- 0 Comments
- Riu Hotel in Costa Rica is set out to lose building permit
- Builder of Costa Rica’s new $100 million National Stadium is choosen
- Construction in Costa Rica up 22% over last year
- EDICA celebrates 50 years building Costa Rica’s most renowned real estate
- Costa Rica Real Estate Investors against new environmental law
- Rental Market might benefit amid financial crisis
- Homeowners Tapping their Home Equity
- Costa Rica Tribunal shuts down fourteen real estate projects
- Development of St. Regis Costa Rica put on hold due to Lehman Brothers collapse
- High Tech companies continue to move operations to Costa Rica
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Monday, November 17, 2008
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