The powerhouse real estate department at McConnell Valdés LLC remains a market leader, leveraging the experience of its team to assist developers, domestic and multinational financial institutions such as Citibank, and corporates across such sectors as tourism, hospitality, energy and manufacturing with day-to-day matters and in high-value transactions. The team is headed by chairman Jorge Ruiz-Montilla, who brings strength to planning and structuring resort communities and timeshares, and hotel and condominium projects, and vice-chair and resort development expert Patricia George‐Iguina, who is the managing director of McV Consulting, an affiliate of the firm engaged in real estate and hospitality advisory services. Other key figures include Harry Cook, who advises on the structuring of real estate joint ventures, the planning of timeshares and lot development programmes, and Salvador Casellas and Jorge Rexach, both specialists in structured financing. Counsel Nathalia Rivera-Smith joined in August 2022 from the Central Office for Recovery, Reconstruction and Resiliency (COR3).

The real estate group at O'Neill & Borges remains a force in the market, leveraging the experience of its team to represent commercial, industrial, residential and hotel development companies, institutional investors, financial institutions, asset managers, advisors and construction companies involved in acquisitions, development, and construction for major projects. The team’s comprehensive service extends to the structuring of joint ventures and representing lenders in asset-based commercial financing transactions. Key figures include Walter Alomar-Jiménez, who specialises in representing domestic and multinational financial institutions in transactions involving real and personal property collateral; Alfredo Alvarez-Ibañez, who assists banks and investors with workouts of commercial and construction loans; and Juan Aquino, who focuses on residential and tourist developments.

The real estate group at Ferraiuoli LLC provides a comprehensive service, advising purchasers and sellers on aspects of real estate acquisitions, in addition to assisting clients with real estate asset recovery and disposition and with real estate financing transactions, such as secured loan facilities for acquisitions, construction loans and letters of credit. María Fernández-Ginorio advises clients on tourism developments, shopping centres, planned communities, education facilities, and renewable energy and telecoms sites. Another key figure is Eduardo Tamargo Motroni, who heads the commercial real estate and notarial practice.

The team at ECIJA SBGB leverages the bench strength of its global network to assist domestic financial institutions, national and multinational developers, and corporates across such sectors as energy, transport and digital media on a diverse range of matters related to high-value real estate transactions, from mixed financing structures, due diligence, lease agreements and notarial services to complex procurement processes and tax matters. The practice is jointly led by managing partner Fernando Berio, who handles pre-development activities, tax credit equity procurements and deal negotiations, and Jorge Fernandez-Reboredo, who specialises in the energy sector and real estate regulatory compliance.

The real estate group at Estrella LLC utilises the expertise of its team to assist title insurance companies, and domestic and multinational corporates across the energy, financial services, hospitality and retail sectors on matters ranging from sales, purchases, leasing, landlord-tenant issues and property development to due diligence, financing, mortgages, environmental compliance and litigation. Seasoned litigator Odemaris Chacón Varona heads the team, bringing over 20 years’ experience. Senior associate Alejandro García handles financings and property registry matters.