• MORe hosts Mexico's national association of real estate agents for one-day event to discuss foreign investment on May 16.
  • Chicago had a record-breaking year in 2015 with $3.27 billion in foreign investment.
  • The following day, Tuesday, May 17, there will be a four-hour tour of Chicago.

Today, May 16, Mainstreet Organization of Realtors is hosting the Asociación Mexicana de Profesionales Inmobiliarios (AMPI), Mexico’s national real estate association, for a collaborative event to discuss economic development and international investment for both organizations.

“Global is the new local,” Lynn Madison, MORe Board president and owner of Lynn Madison Seminars, said in a statement. “Illinois and Mexico have a strong mutual interest in investing in each other’s markets, and wforeign investmente have a commitment to educating our members on best practices for meeting that demand. The relationships that will be formed during this mission will last a lifetime.”

Foreign investment reached a new peak in 2015, according to Real Capital Analytics. In a post reported by Crain’s
Chicago Business
in December 2015, foreign investment in the city’s real estate had hit $3.27 billion, shattering the previous record of $2.18 billion hit in 2013.

According to the report, foreign buyers took up about 16 percent of the total share of $20.2 billion in Chicago real estate sales last year. Chicago’s considerably low prices compared with the big coastal cities has eyes turning to the Midwest, and the city’s sprawl also makes it easier to build new buildings.

Event covers Chicago foreign investment in and out of the city.

The one-day panel is held at the DoubleTree by Hilton in Rosemont, from 9 a.m. to 5:45 p.m. Filled with three panel sessions, the day will cover the ins-and-outs of foreign investment, from Mexico in Chicago. Illinois Lt. Gov. Evelyn Sanguinetti will kick off the day about the importance of a partnership between Illinois and Mexico.

Sanguinetti, the first female Hispanic lieutenant governor in the U.S., is expected to discuss the trade mission’s role in spurring more investment internationally between the state and Mexico.

Erik Brejla of the Illinois Department of Commerce and Economic Opportunity will discuss Chicago’s modern infrastructure and the overall profile of the Chicagoland marketplace. Aiming to sell the City of Big Shoulders to Mexico foreign investment, the speaker will touch on the local job market, professional talent and why the location is an ideal place for their money.

Another panel will discuss business transactions in real estate. Led by global experts Vicky Sampah, MORe board president-elect Catherine Terpstra and member of MORe’s Global Business Council Joe Cwiklinski, the session is expected to cover how business is transacted and marketed in the Chicagoland region.

The following day, Tuesday, May 17, there will be a four-hour tour of Chicago.

“People who attend this trade mission will walk away having made face-to-face contact with someone from over the border and no other interaction can compare,” Marsha Collins-Mroz of MORe’s Global Business Council said. “What makes this partnership with AMPI so innovative, is that we’re writing the book on how to make cross-border real estate investment happen in ways that are sustainable and replicable.”

Email Kimberly Manning

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now next week. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription