EventsIndustry News

MORe hosts first Chicago and Mexico foreign investment event

Event expected to strengthen ties between Mexico and Illinois to improve foreign real estate investment
  • 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 we 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 buye...