Retail Value Inc. closed on the sale of the Plaza Palma Real shopping center in Humacao on Dec. 22, for $50 million prior to closing costs, prorations and other closing adjustments, it announced. The buyer was undisclosed. The net proceeds were used to repay mortgage debt associated with RVI. Last year, the mall marked its […]
The Federal Communications Commission gave its go-ahead to the sale of certain subsidiaries of Univision to investors Searchlight and ForgeLight and Grupo Televisa — but the deal is conditioned to the sale of three of Univision’s television stations in Puerto Rico. According to an order issued by the FCC’s Mass Media Bureau, Univision will have […]
The consortium comprised by WSP USA Building Inc./Marvel Architects has been chosen to develop the Puerto Rico Ocean Technology Complex (PROtech) project in Yabucoa, the Department of Economic Development and Commerce announced. The consortium for the $300M thermal ocean energy project unveiled in July was chosen after completing the selection process to develop the complex […]
Seeking to connect families and friends with a patient during a hospitalization, the Triple-S Foundation launched an initiative that uses a robot on wheels called Robbie so they can videoconference and talk, sing or read to the patient. “Restrictions on hospital visits are necessary, but there’s no doubt that isolation for patients adds stress to […]
Magdalena Partners LLC, owners of The Ivy Hotel in the Condado sector of San Juan, inaugurated the property that emerges from the redesign and transformation of an existing structure, following a $1 million investment. The 26-room boutique hotel offers its guests the “combination of sophisticated style with a free-spirited attitude, in the urban setting of […]
The Puerto Rico Consumer Affairs Department (DACO, in Spanish) unveiled a new online appointment system to give consumers access to orientation and the ability to carry out their procedures while avoiding lines and crowds, said agency Secretary Carmen Salgado. Through this link, people can coordinate their appointment to get services in person at any DACO’s […]
Puerto Rican company Optima Health announced today that it will begin at-home treatment of the bamlanivimab drug for patients with COVID-19, as a measure to prevent the spread of this disease. Treatment administration will also be available at its Optima Infusion Center, at the Doctor’s Center in Manatí. The drug bamlanivimab, developed by pharmaceutical company […]
The Puerto Rico Public Health Trust announced the start of its Telemedicine Distance Education, consisting of virtual training and delivery of equipment to more than 30 clinics located in rural areas of the island. The project comes after the U.S. Department of Agriculture (USDA) awarded a $1.1 million grant for distance training and telemedicine and […]
About a month after this media outlet broke the story about Chick-fi-A’s plans to enter the local market, the chicken restaurant confirmed it will open two restaurants in late 2021 or early 2022. The restaurants will be located in the metropolitan area, with the first restaurant likely to be in Bayamón. Each Chick-fil-A restaurant will […]
Sixteen aspiring entrepreneurs recently completed the Foundation for Puerto Rico’s Emprende 360° business education program to turn their business ideas into reality. After a 12-month process with leading organizations in the entrepreneurial ecosystem, the cohort developed 11 business ideas for the Coamo and Ponce region and was awarded $2,000 in seed capital to jump-start each […]
The suspected epic cyberattack, or spy operation into the US government apparatus opens our eyes even wider to the vulnerabilities of the internet spectrum. The news reports say American officials suspect a Russian spy agency has carried out what they describe as a “distressing feat of espionage into dozens of state corporations and government agencies.” […]
CVS Health announced it has begun administering COVID-19 vaccines at more than 40,000 long-term care facilities across the country. On Jan. 4, it will start inoculating residents of seven skilled nursing and assisted living facilities in Puerto Rico, which selected CVS Health as their COVID-19 vaccination partner. CVS Pharmacy teams will administer the first dose […]
FirstBank granted more than $900,000 to 110 nonprofit organizations throughout the island during 2020. As part of that commitment, the financial institution included a special initiative “One with Puerto Rico” over the holiday season through which it donated $150,000 to 30 entities that serve vulnerable communities in the three regions in which it operates: Puerto […]
The Citi Foundation recently awarded $500,000 in unrestricted funding to nonprofit PathStone Enterprise Center Inc. to support small businesses affected by the earthquakes and the COVID-19 emergency in Puerto Rico. The donation will increase PathStone’s ability to continue to assist a greater number of small and medium-sized businesses through access to capital and technical assistance […]
FV Bank, a global digital bank based in Puerto Rico, announced it has received permission from the Puerto Rico Office of the Commissioner of Financial Institutions to provide custody services for digital assets such as Bitcoin and Ethereum. FV Bank will begin offering custody services seamlessly integrated into its digital banking platform in early 2021, […]
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