Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Puerto Rico shopping center execs ask governor to extend operating hours
June 9, 2020
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
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New $2.6M Olive Garden restaurant opens in Santa Isabel
June 9, 2020
Grupo Colón-Gerena, parent company of the Olive Garden franchise in Puerto Rico, announced the opening of its sixth location on the island, following an investment of $2.6 million. The 6,000 square-foot restaurant is the first in the southern region, located in Santa Isabel. It is generating 92 jobs in the midst of the COVID-19 pandemic. […]
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Grupo Colón-Gerena donates $12K in food to El Comedor de la Kennedy
June 3, 2020
Six of 10 minors in Puerto Rico go to bed hungry and to battle against this reality caused by poverty, the Grupo Colón-Gerena established an alliance of food donations, as well as voluntary work with the nonprofit entity El Comedor de la Kennedy, by Chef Iván Clemente, who serves thousands of people every month. This […]
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Urban Edge Properties closes $119M debt refinancing at The Outlets at Montehiedra
June 2, 2020
Urban Edge Properties announced it has completed the refinancing of its $119 million mortgage loan at The Outlets at Montehiedra in San Juan. The existing commercial real estate loan was due to mature in July 2021 and consisted of an $83 million senior note bearing interest at 5.33% and a $36 million junior note, including […]
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Puerto Rico restaurants reboot operations as physical distancing sets in
May 27, 2020
Puerto Rico restaurants have been given the green light to reopen for business, at reduced capacity and under physical distancing restrictions that are prompting most to reboot to move forward. One major consequence of the distancing required to contain COVID-19 contagion is the virtual elimination of the self-serve buffet concept, which is now a thing […]
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Esteban Montes Salon activates safety protocols to open its 2 locations
May 26, 2020
In anticipation of the reopening of his two salons in Guaynabo and Condado today, professional stylist Esteban Montes has activated a sweeping safety protocol to protect customers and employees from exposure to the COVID-19 virus, he confirmed. In an interview with this media outlet, Montes said the operational shutdown that began March 16 has represented […]
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Puerto Rico Products Assoc. has new president, Board
May 18, 2020
Banking industry professional Aysha Issa has been elected the Puerto Rico Products Association’s new president, responsible for overseeing the work of the organization for the next year. During an electronic vote, the trade group’s members also selected a new board of directors, and all were sworn-in by Judge Mari Tere Colón-Domínguez over the weekend. “I […]
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Las Brisas Property Management adds Paseo Caribe in San Juan to its portfolio
May 8, 2020
Editor’s UPDATE: Las Brisas Property Management is the new manager of Paseo Caribe, which has been sold to a new company called Paseo Caribe Commercial, LLC. Guaynabo-based Las Brisas Property Management quietly closed on the purchase of the mixed-use oceanfront property Paseo Caribe, for an undisclosed amount, from former operator Caribbean Property Group LLC, several […]
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Luxury retailer Nordstrom closes San Juan store amid COVID-19 crisis
May 8, 2020
A little more than five years after making its debut in Puerto Rico, luxury retailer Nordstrom will close its only store at The Mall of San Juan, as it downsizes in response to the impact the COVID-19 has had on its operation. “Our goal is to best position ourselves to serve customers in each market […]
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Walgreens to open 49 drive-thru’s to expand COVID-19 testing in U.S., Puerto Rico
April 28, 2020
Walgreens announced plans to open COVID-19 testing locations in 49 U.S. states and Puerto Rico, as it further expands drive-thru testing to help meet the growing need in communities nationwide. To date, Walgreens has opened 18 COVID-19 drive-thru testing locations across 11 states and expects to have 23 sites open in 15 states by the […]
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Sam’s Club donates $100K in food to community through nonprofits
April 22, 2020
Sam’s Club Puerto Rico has distributed five food wagons worth $100,000 among 25 nonprofit organizations throughout the island to support their mission of assisting different disadvantaged populations during the emergency caused by the COVID-19 pandemic. “In the challenging times we are experiencing, we have to unite and collaborate to start moving forward,” said Iván Báez, […]
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Uber Eats launches ‘contribute’ option to support Puerto Rico restaurants
April 15, 2020
Uber Eats unveiled an initiative to help restaurants in the region, including Puerto Rico, weather the coronavirus pandemic, encouraging customers to make a contribution to their favorite restaurants directly from the app at order checkout. The initiative is aimed at supporting businesses and workers that have been affected financially by the current crisis over the […]
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Walgreens giving bonus to 4K Puerto Rico employees handling COVID-19 pandemic
March 31, 2020
Illinois-based drugstore chain Walgreens will be giving its employees in stores and distributions centers a one-time bonus payment in recognition of the role they are playing during the COVID-19 pandemic, and “for their ongoing commitment to customer care, the company announced a one-time bonus for these employees.” In Puerto Rico, that means some 4,000 Walgreens […]
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Total Petroleum Puerto Rico to donate $30K in gas cards to hospital staff
March 30, 2020
Total Petroleum Puerto Rico will donate $30,000 in gasoline cards to hospitals in Puerto Rico so that their hospital staff may have access to gas during the emergency period caused by the COVID-19 outbreak. Total Petroleum Puerto Rico will donate $50 cards to 600 hospital staff, will be available while the assigned funds last, said Juan José Raga, general […]
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