Popular Inc. desists from selling $500M loan portfolio
May 19, 2011
Four months after announcing its intention of selling some $500 million in non-performing construction and commercial real estate loans to a newly created joint venture with an unrelated third party, Popular Inc. said Thursday it has walked away from the deal.
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JetBlue launches Jacksonville-P.R. route
May 19, 2011
Air transportation between Puerto Rico and Florida got a bit more crowded Thursday with the inaugural flight offered by JetBlue between the island and Jacksonville. The new route will transport 36,000 visitors a year and is expected to inject $20 million into the local economy.
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FirstBank sells off Ft. Lauderdale properties, at 62% discount
May 18, 2011
FirstBank Puerto Rico recently sold a couple of office buildings in Fort Lauderdale for $2.3 million, or 62 percent off their foreclosed mortgage value, according to the South Florida Business Journal.
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