The once thought defunct real estate project of Hacienda Matapalo is now under new ownership and moving forward with the development situated along the Pacific Coast of Costa Rica. Supplies have been received and scheduled for install in the coming weeks to provide electricity to the project.

Playa Matapalo, Puntarenas (PRWEB) December 06, 2012

Hacienda Matapalo - the #1 best-selling real estate project in Costa Rica - remember the days of seeing the plethora of press releases and media surrounding this promising project?

Then, in the blink of an eye it all came apart.

Throughout the better part of 2009-11, Hacienda Matapalo dominated the Costa Rica real estate scene with their creative and "out of the box" marketing campaigns that promoted a lifestyle many could only dream of having.

Situated along the Central Pacific coast of Costa Rica, Hacienda Matapalo is ideally located only minutes from the popular seaside surf village of Dominical.

With the recent demise of the much publicized "best-selling" Costa Rica real estate - Hacienda Matapalo - many are wondering if this, coupled with Paragon Properties, will be too much for the market to weather.

San Jose, Costa Rica -- (SBWIRE) -- 07/27/2012 -- It was only 9 months or so ago when Hacienda Matapalo, a development project in southern Costa Rica, was being marketed as the best-selling Costa Rica real estate project in the country with over $65 million in pre-sales. Today however, those statements are now a mere reflection of a marketing campaign indigenous of a handful of others before it.

Florida appears to be home-base for many mega-projects developing land in Costa Rica. The overall layout of the lead procurement to sales funnel/machine all seem strikingly similar.

Strong telephone sales force (most never having visited the country or property) who operate out of a Florida based boiler room with one objective in mind...SELL SELL SELL.

Centam Partners LLC, a developer of residential property in Costa Rica named Hacienda Matapalo, filed a petition for Chapter 11 protection on Dec. 20 in Fort Lauderdale, Florida, and consented to dismissal of the bankruptcy on Feb. 3.

The secured lender UTA Capital LLC contended that the Chapter 11 petition was a "classic" case of a filing "in bad faith and without any prospect of reorganization."

The terms of dismissal prohibit Centam from filing another Chapter 11 petition anywhere within the U.S. for one year.

Centam indirectly owns a 625-acre parcel approved for residential development. The company also holds a concession to develop beachfront property. The property is on the west coast of Costa Rica.

The petition says assets are $10 million while liabilities total $7.5 million, including $6.9 million owing to secured lender UTA.

Fort Lauderdale, FL (PRWEB) January 06, 2012
Hacienda Matapalo, the best selling Costa Rica real estate development on the country's South Pacific coast, today announced it has finalized a strategic alliance with Island Resorts Trust LLC, a Florida-based company that has more than 45 years and over $500 million of development and construction experience across the U.S. and the Caribbean.

"This is a great and important step for us and our owners," said Pegasus Star Ltda. Chief Executive Officer David Matluck, whose company is developing the 665-acre master planned gated community, located between Quepos and Dominical on the Costanera Highway. "This alliance allows Hacienda Matapalo to be developed and actually built. We are going vertical with an experienced development team, which in Costa Rica is not an easy thing to do."

Fort Lauderdale, FL (PRWEB) September 21, 2011
With more than 25,000 people from across the U.S. expected to be in Los Angeles for three days of fun, entertainment and information that caters to the wants and needs of those 50 or over, representatives from Hacienda Matapalo, the best selling real estate development in Costa Rica, will also be in attendance for AARP'S Life@50+ National Event & Expo.

Hacienda Matapalo, the premier development from Costa Rica's South Pacific Coast will have a display booth at the Los Angeles Convention Center from September 22 to 24 as Vice President of Sales and Investments Michael Starkey will be on hand to educate AARP members about the land of Pura Vida and the 665-acre master planned gated residential community and its adjacent commercial center.

First and foremost, the latest issue of our Hacienda Matapalo Community Newsletter is now available for you to download.

Table of contents

Health Care: Can you go over that again?

Construction Progress at Hacienda Matapalo

Million Dollar Agent Josh Flagg visits Hacienda Matapalo

Dental Tourism in Costa Rica is booming!

Costa Rica and China sign historic Free Trade Agreement

Newest geo-thermal plant is now operational

Kids can fly for free!

Owls in the rainforest

A ball of fluff called Equinox

Can jungle noises help you sleep?

Agua Pipa: The water of life?

Cultural Calendar: Entertaining events & happenings in Costa Rica

Democracy's beginning in Costa Rica

Hacienda Matapalo, an environmentally friendly gated community of houses, villas and condos in Costa Rica with top flight amenities, has declared that it has closed on its first round of financing which may be employed for substructure and utilities.

 The Firm has pre-sales in excess of $65 million and is expecting to begin single family home site closings in the next 60 to ninety days. New Jersey based UTA Capital LLC was the lead investor in the transaction. UTA is a specialized fund managed by Udi Toledano. UTA has a broad investment mandate, including the funding of unique properties around the planet.

Toronto, Ontario (PRWEB) July 15, 2011

A complimentary Web Seminar will take place on Tuesday, July 26th, that shows Canadians how they can effectively use their RRSP's tax-free to purchase a new dream home in Costa Rica at Hacienda Matapalo.

Hosted by Michael Starkey, vice president of sales and investments for Hacienda Matapalo - the best selling gated community on Costa Rica’s South Pacific Coast - the 30 minute presentation scheduled for 6 p.m. Eastern will feature guest speaker Thomas Arato, chief operations officer for the Toronto-based Costa Rica Estates.

Arato, who will explain how it works and the advantages for Canadians in holding a mortgage within their RRSP, will also explain the conditions for holding a mortgage in an RRSP as identified by the Canada Revenue Agency and the costs associated with an RRSP mortgage.

The latest issue of our Hacienda Matapalo Community Newsletter is now available for download.

June-july 2011 Issue

Table of contents:

The First House... Now Under Construction ...... 1

Million Dollar Agent Josh Flagg to host four day dance party in Costa Rica; will visit Hacienda Matapalo ..... 4

Why we chose our style of Architecture at Hacienda Matapalo ..... 5

Construction Progress at Hacienda Matapalo ..... 8

Site clearing and earthwork for Hacienda Matapalo's first home ..... 11

One Man's Story of Life at Hacienda Matapalo .... 12

Great News: Tourist arrivals in Costa Rica rose 7.8% for first quarter of 2011 ..... 17

IBM announces $300 million investment for Costa Rica ..... 18

The Scent of Costa Rica ..... 20

Sea turtle nesting season is here again ..... 22

Cultural Calendar: Entertaining events & happenings in Costa Rica ..... 23

Free Web Seminar ..... 24

Fort Lauderdale, FL (PRWEB) June 27, 2011

As infrastructure construction continues, Hacienda Matapalo - the best-selling Costa Rica Real Estate project on the country's South Pacific Coast - today announced plans to build its first model home.

"This is an important step for us," said Edwin Acosta, Vice President of Costa Rica Operations for Hacienda Matapalo. "Every time we make considerable progress, it brings us one step closer to the day when our owners can begin occupying their new homes. While this sounds like pretty standard fare, we cannot lose sight that this step is pretty significant."

Fort Lauderdale, FL (PRWEB) June 16, 2011

Josh Flagg, world renowned author and one of the stars of Bravo TV's hit reality series "Million Dollar Listing" will be hosting a four-day dance party in the Quepos/Manuel Antonio area of Costa Rica from July 21 to 25.

Sponsored by Hacienda Matapalo, the best selling Costa Rica Real Estate gated community on Costa Rica's South Pacific Coast, the four day event kicks off with a Welcome Dinner Party at Raphael's Terrazas in Manuel Antonio on Thursday, July 21 and concludes with a Sunset Tea Dance at Barba Roja on Sunday, July 24. Other parties include a Friday night dance party at a popular Manuel Antonio club on July 22, an afternoon floating dance party leaving from Quepos harbor on Saturday, July 23 and the big Jungle Heat Dance Party at Rancho Alegria on Saturday night, July 23.

Fort Lauderdake, FL (PRWEB) June 08, 2011

On Thursday, June 23rd, Hacienda Matapalo Executive Vice President Brian Albury will present one of the most anticipated Web Seminars in recent memory: Why You Should Choose Costa Rica over Florida!

Scheduled for a 6 p.m. ET start, the complimentary online presentation will be ideal for Americans and Canadians alike as it will compare the land of Pura Vida with the Sunshine State on a wide range of topics like the weather, lifestyle, activities (for both vacationers and retirees), taxes and tax advantages, cost of living, the pros and cons of investing in each market, medical costs, crime and so much more.

"There are obviously many reasons why more than 50,000 Americans and 25,000 Canadians now call Costa Rica home," said Albury, "and thousands more are in the process of investing in and moving there."

Fort Lauderdale, FL (PRWEB) March 24, 2011

Hacienda Matapalo, an environmentally friendly gated community of homes, villas and condos in Costa Rica with world class amenities, has announced that it has closed on its first round of financing which will be utilized for infrastructure and utilities. The company has pre-sales in excess of $65 million and expects to begin single family home site closings within the next 60 to 90 days.

New Jersey based UTA Capital LLC was the lead investor in the transaction. UTA is a specialized fund managed by Udi Toledano. UTA has a broad investment mandate, including the funding of unique properties worldwide.

A few months ago, we wrote about how excited we all were that infrastructure construction was in full swing at Hacienda Matapalo. Well, even in this short period of time, the changes to the land have been enormous.

The videos that we have been posting on our Web site, as exciting as they are, simply do not do justice to what I see every day. When I am on the construction site, I see a real transformation taking place before me; a conversion that is turning a 665 acre paradise into our future homes. For those of us who can't wait to see the first homes going up, this has been an exciting time.

It took a lot of hard work to turn Hacienda Matapalo from a concept into a reality!

Before creating the concept of Hacienda Matapalo we did extensive market research to find out exactly what people are looking for when choosing a vacation or retirement home in Costa Rica. There are many market research firms who would have gladly supplied all of the demographic profiles and a list of desired amenities. This is the customary method used by developers to help create the concept that would most appeal to buyers.