Fibra Next, which includes properties owned by Latin America’s largest real estate investment trust, is pushing ahead with plans for an initial public offering worth 15 billion pesos ($864 million), the biggest local IPO since 2018. The company aims to sell up to 277.8 million shares known as CBFIs in the offering scheduled for Nov. […]
Acapulco was built to withstand earthquakes, but not a Category 5 Hurricane
Author Acapulco wasn’t prepared when Hurricane Otis struck as a powerful Category 5 storm on Oct. 25, 2023. The short notice as the storm rapidly intensified over the Pacific Ocean wasn’t the only problem – the Mexican resort city’s buildings weren’t designed to handle anything close to Otis’ 165 mph winds. While Acapulco’s oceanfront high-rises were built […]