Clifton Meridian Appoints Renowned U.S. Builder to Lead Development of Luxury Condos in Rocky Point, Mexico

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Scottsdale-based Clifton Meridian and The Beck Group will work together to create La Perla del Mar, a state-of-the-art luxury condominium property in Rocky Point, Mexico.

Clifton Meridian LLC, a real estate development firm focused on upscale residential projects in Mexico, announced today that it has selected Dallas-based The Beck Group as construction manager of La Perla Del Mar, a 15-story luxury, beach-front condominium project leading the redevelopment of the up and coming "Mirador" section of Puerto Peñasco, Mexico.

"We like The Beck Group's innovative approach of integrating architecture, construction and development," says Patrick Clifton, Chairman and CEO of Clifton Meridian. "Beck also has a substantial presence in Mexico, and almost a century of experience delivering high quality buildings."

Having been involved with La Perla since its early design stages, The Beck Group will be responsible for value engineering recommendations, reviewing the site schedule and general project reviews. The Beck Group, a 94-year old full-service builder with more than 600 employees and 10 locations in Mexico, Arizona and Texas, is well known for its integrated approach to project development.

"We are more than just architects and engineers," said Terry Poole, a project manager at The Beck Group. "We are architects who understand construction practices, contractors who understand the nuances of design elements, and developers who can effectively manage a project's cost as the design evolves. This approach helps us to better serve our clients."

The Beck Group's experience in Mexico includes the construction of Motorola's 253,000 sq. ft. manufacturing plant in the Mexican state of Chihuahua; the Bella Sirena Resort in "Rocky Point"; and the 1,263 acre resort and residential development in Chileno Beach in the city of Los Cabos which includes a private marina, two golf courses and 500 homes. Beck has also had substantial experience with large projects in the U.S. including the construction of the 300,000 sq. ft. Airside C Terminal at Tampa International Airport; the 244,000 sq. ft. RadioShack Headquarters in Ft. Worth, Texas that consists of a 37-acre Class A campus with three office buildings; and Villa Verona, a 633,500 sq. ft. luxury residential high-rise project in Dallas, Texas.

"The Beck Group is a premiere builder," said Patrick Clifton. "Their vision and expertise will contribute greatly to the overall luxury and quality of La Perla Del Mar."

About La Perla Del Mar

La Perla Del Mar, "Rocky Point's" only in-town luxury high-rise, broke ground September 2006 and is scheduled to open in Fourth Quarter 2008. The 254-unit, 15-story tower will feature breathtaking views of the Sea of Cortez from the floor to ceiling glass walls featured in every unit. Condos range from studios to three bedroom units. La Perla Del Mar will also include two three-bedroom casitas, and a four-bedroom beachfront penthouse. Units range in size from 764 square feet to 3,368 square feet. The casitas are 3,389 square feet and the beachfront penthouse is 10,190 square feet. Prices range from $230,000 to $690,000, while casitas will cost approximately $750,000. Fractional and whole-ownership, with individual bank trusts, along with no-qualifying developer financing and traditional style U.S. mortgages are available for all the units. La Perla Del Mar will advance a new standard of luxury in the market with on-site concierge services, an innovative landscape design featuring an ocean front negative-edge pool, open air pools on the tower's 12th floor, and a state-of-the-art fitness center. Additional amenities also include 24-hour security, a member's club, on-site restaurant and underground parking. Condos and casitas are currently for sale. For more information about La Perla Del Mar, please visit http://www.laperladelmarinfo.com.

About Clifton Meridian:

Patrick Clifton founded Clifton Meridian LLC in 2003 as a real estate development firm focused on upscale residential projects in Mexico. Currently, the company has more than $170 million worth of condominium projects under development in Puerto Peñasco ("Rocky Point"), Mexico. In 2002, Mr. Clifton was chosen as an Entrepreneurial Fellow of the Karl Eller Center at the University of Arizona. The fellowship recognizes accomplished entrepreneurs for their contribution to the economic development of Arizona. For more information about Clifton Meridian LLC, please visit http://www.CliftonMeridian.com, or call (480) 391-8062.

About The Beck Group:

The Beck Group is a full-service builder based in Dallas, Texas with an impressive portfolio of projects that have shaped the city skylines of Dallas, Atlanta, Phoenix and Los Angeles. Beck has been delivering high-quality buildings in the most challenging environments since 1912. Beck maintains a staff of more than 600 employees out of 10 regional locations in the United States and Mexico, and serves a wide range of industries including corporate, healthcare, entertainment, religious, and education.

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Maggie Perlich
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