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Real Estate Mogul Jorge Perez Thinks Mexico Economy Will Thrive Amid Trump Presidency

The Miami condo king is ready to expand across the border, with little concern about the future of U.S.-Mexico economic ties under the President-elect.

Jorge Perez, chairman behind Miami-based real estate development firm the Related Group, is ready to expand in Mexico.

“The potential in Mexico is tremendous,” the Miami condo king released in a statement on Wednesday (Dec. 7), announcing the first phase of a luxury project in Cancún. Prices for units in the first tower underway, which consists of 120 condos and 67 hotel rooms, range from $400,000 to $1 million, Forbes reports.

Back in September, Related launched the first phase of a project in Zihuatanejo on the shoreline of Guerrero, which houses 62 single family lots and a 40-room boutique hotel. Both properties are slated for completion in 2020.

According to Carlos Rosso, President of Related's condo division, the firm is set to invest nearly $1 billion in real estate in Mexico with plans to bring upscale condominiums and hotels to Mexico City. While the election of Donald Trump has clouded the future of Mexico's economic ties with the United States, the chairman is confident that his investment will pay off during his friend's four years in office.

“Continued trade with its northern neighbors and record-breaking tourism has led to robust growth in the Mexican economy, which has in turn empowered the middle class and made it a more desirable destination for American buyers. Mexico is a country on the cusp of a major boom and Related will be ready when it begins,” he said.

During the early 2000s, Perez and Trump partnered on real estate projects in Cancún, Isla Mujeres and Cozumel with no success amid the 2008 financial crisis. "Unfortunately we couldn't move forward because of the crash," Rosso said.

Now that the President-elect is making his way into the White House, Perez has offered to assist him in dealing with Latin America. "George [Jorge in English] called Trump to congratulate him [for his electoral victory] and told him that for anything he needed in Latin America he would be available to help and give him some advice," Rosso continued.

For now, according to the Related Group president, Trump has left the possibility to work with Perez open.

Read more at Forbes.

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Ozuna To Headline 2019 Soulfrito Music Fest

By the end of the summer, Latin trap reggaetoneros and rappers will take the Brooklyn's Barclays Center stage for Soulfrito Music Festival (Aug. 30). The one-night-only music fete, which is returning to the NYC area for the second time, released the full line-up on Monday (June 24), and award-winning Latin singer Ozuna is sure to have fans entertained as the headliner.

Aside from being set to perform his single,"Baila Baila Baila," the 2019 Billboard Latin Music Awards Artist of the Year made Latin history this year when he became the first to be nominated for 23 awards in 15 categories. Joining him on the performance roster are Jeremih, Farruko, Melii, Jay Critch and more, with A Boogie with the Hoodie, Arcangel, Gunna recently added to the lineup.

 

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Get ready Pre-Sale Tuesday #soulfrito19 @barclayscenter pre-sale Code: Soul19 . . . #Summer19 #OZUNA #ABoogie #Farruko #Gunna #Jeremih #Arcangel #ElAlfa #AlaJaza #Duki #Guaynaa #Melii #Jaycritch #MYKEtowers #Farina #LilTJay #AlexRose #JustinaValentine #Chimbala #DjCamilo #DJEnuff #DjLobo #AJElKallejero #KenStarrz #DeeNasty #BerniceBurgos

A post shared by Soulfrito Collective (@soulfrito) on Jun 10, 2019 at 8:50pm PDT

Emphasizing the mainstream East Coast demographic, Soulfrito Music Festival is the first and largest music festival to bridge the Urban Latino and African American community. With a 17-year legacy, Soulfrito focuses on the diversity of the youth and Generation Z of the U.S.

The influential fest has successfully blended second and third generation multi-cultural Latino communities in the U.S. and with the festival being a supporter for the music industry's top supporters, it is predicted that by 2020 that Latinos will have the buy power of 1.7 trillion U.S. dollars, according to Statista.

Take a listen to Ozuna's hit records below:

 

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Lesandro Guzman-Feliz's Mother Shares Message For The Youth

A year ago, Bronx teen Lesandro Feliz-Guzman was brutally killed in a case of mistaken identity. Since the 15-year-old's passing, an investigation has led to the charging of 13 men involved in the attack. Now, his mother is speaking up on ensuring that people like those suspects remain in prison.

"That's the kind of people we have on the street," Leandra Feliz said to PIX11 "That's why we have to keep these killers in prison for life, because we're going to stop a little bit of crime with those kind of people." The case placed a spotlight on the Dominican Trinitarios gang, with alleged members that are being held responsible for Guzman-Feliz's death.

On the subject of protecting others from wayward activities, Feliz shared a statement that'll hopefully remain with those who are reading this as the summer approaches. "My message is, 'stay out of the street. Follow your fathers,'" she said. "Because the teenagers, they do what they want to do and they don't know what they're doing. Just follow the father and stay out of the street."

On June 20, 2018, Feliz-Guzman was fatally stabbed by a group of men in the Bronx's Belmont neighborhood (East 183rd Street and Bathgate Avenue). The suspects believed the teen was a rival gang affiliate. PIX11 notes five of the attackers face guilty charges of first-degree murder, second-degree gang assault, second-degree conspiracy, and second-degree murder. CNN reports eight more suspects will be tried in the near future.

In memory of the teen, Power actress LaLa Anthony, who assisted the family in finances after Feliz-Guzman's murder, honored him on her Instagram page: "You have forever changed so many people's lives, including mine."

 

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One year ago today..heaven got an angel🙏🏽Junior we love you. We miss you. I promise to continue to look after your sister @__octobersveryown__ and always make sure she is ok. She is working nonstop to make sure your legacy lives on. You would be so proud❤️Rest easy. You have forever changed so many peoples lives, including mine 🕊#justiceforjunior

A post shared by ℒᎯ ℒᎯ (@lala) on Jun 20, 2019 at 9:21am PDT

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Premiere: El Alfa And J Alvarez Pay Homage To The Muchachos In "Me Da La Mismo" Video

El Alfa and J Alvarez have created a cheeky anthem for all the hard working dudes whose girlfriends don’t appreciate them. The video for their latest single “Me Da Lo Mismo,” is dotted with scenes in colorful supermarkets and desert-like props, the video looks like a screenshot of Coachella posting Instagram accounts.

With a mélange of intricate beats and auto-tune voices, El Alfa has put the Dominican Republic’s dembow genre on the map, garnering attention from mainstream America and its artists. He’s collaborated with Cardi B on “Mi Mami”  and has worked with mega-producer Diplo on singles like “TecnoBow.”

And he’s also getting praise from producers that predominantly dominate the reggaeton scene in Puerto Rico and abroad. “That music that El Alfa and Mozart La Para and all these guys are doing over there, that’s what’s popping right now,” Tainy, a well known who has worked with Bad Bunny,” told Rolling Stone. “It feels like you’re on a vacation over there. The Dominican Republic has so much talent. They deserve that respect.”

Watch the video for "Me Da Lo Mismo" above.

 

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