Plan for $200M Cayey mega mall stuck in Supreme Court
January 13, 2014
Ciudadela de Cayey, a $200 million outlet mall that, if built, would be a third of the size of Puerto Rico's largest mall stands to dramatically alter the physical and economic landscape of the town of Cayey but the ambitious project has raised bitter opposition and is currently stalled due to a lawsuit over the permitting process.
chat_bubble0 Comment
visibility6244 Views
National University pumping $12M into new projects
January 10, 2014
National University College is investing a total of $12 million to fund the expansion of its Ponce, Río Grande, and Bayamón campuses, as part of a five-year strategic plan to provide better facilities for students and increase the number of enrollments.
chat_bubble0 Comment
visibility4236 Views
New Jewish center to pump $5M into local economy
December 11, 2013
The construction of a Chabad Jewish Center in Isla Verde will inject $5 million into the local economy and create 50 direct and indirect jobs, Gov. Alejandro García-Padilla said Tuesday at the groundbreaking for the project.
chat_bubble0 Comment
visibility4209 Views
San Jorge Hospital to attend mental issues with new wing
December 2, 2013
Fresh from a recent $30 million investment in a new four-story building housing an expanded emergency room, San Jorge Children's Hospital is readying for yet another service expansion.
chat_bubble0 Comment
visibility5872 Views
Puerto Rican builders looking to LatAm for growth
November 1, 2013
Large scale exports of local building services to Latin America may soon be a reality for hundreds of Puerto Rican entrepreneurs, as countries such as Peru and Colombia are interested in developing infrastructure projects and public-private partnerships worth billions that could be served from the island.
chat_bubble0 Comment
visibility4175 Views
Puerto Rico home sales at risk due to new federal rules
October 23, 2013
Puerto Rico’s mortgage bankers and housing developers raised a red flag Tuesday to warn about the potentially devastating effects of a recently enacted federal regulation that sets new parameters that could make it difficult for would-be island home buyers to qualify for loans starting next year.
chat_bubble2 Comments
visibility4724 Views
Gov’t to open bids for $62.5M in construction projects
September 2, 2013
In the next two months, the Puerto Rico Infrastructure Financing Authority (PRIFA) will open bids for construction projects totaling $62.5 million, agency Executive Director Grace Santana told members of the Association of General Contractors.
chat_bubble0 Comment
visibility3909 Views
Villamil: Eliminating ‘B2B’ tax exemption ‘bad idea’
May 10, 2013
The Puerto Rican government’s proposal to eliminate the business-to-business sales tax exemption is not a good idea and does not guarantee the $800 million in new revenue Gov. García-Padilla’s administration has predicted, because oversight and collections related to these transactions is a difficult task to achieve, Economist José J. Villamil said Thursday.
chat_bubble0 Comment
visibility3231 Views
AGP urges construction sector to join job creation effort
January 31, 2013
Recognizing that the construction sector has been going through a prolonged rough patch, Gov. Alejandro García-Padilla told members of the Association of General Contractors, Puerto Rico chapter Wednesday that his administration’s plans call for their inclusion in a number of projects in the pipeline.
chat_bubble0 Comment
visibility3034 Views
Economists: Bleak prospects must spur construction sector creativity
January 22, 2013
The challenges that Puerto Rico’s construction sector is facing, driven primarily by fiscal constraints and volatility in certain markets, will remain a constant in the next two years, when the industry will have to be creative to move forward, a well-known economist said during a recent forum.
chat_bubble1 Comment
visibility3430 Views
CPAs to host 6th annual construction industry forum
January 14, 2013
The Puerto Rico Society of Certified Public Accountants will host the 6th annual Construction Industry Forum Jan. 18, kicking off with an analysis of economic trends and prospects for the industry by several local economists.
chat_bubble0 Comment
visibility4665 Views
Santander OKs $9.3M in financing for San Germán waterpark
December 13, 2012
Banco Santander Puerto Rico recently awarded $9.3 million in financing for the development of the San Germán Surf and Fun Waterpark planned for that municipality.
chat_bubble0 Comment
visibility3885 Views
Taubman breaks ground on $405M upscale Mall of San Juan
September 21, 2012
Taubman Centers Inc. and New Century Development broke ground Thursday on the 650,000-square-foot Mall of San Juan, the island's first luxury retail development that will feature the first Saks Fifth Avenue and Nordstrom in the Caribbean.
chat_bubble0 Comment
visibility4242 Views
$38M Hyatt Place Manatí breaks ground for ’14 opening
August 22, 2012
Construction of the $38 million Hyatt Place in Manatí got underway Tuesday, when developers and government officials gathered to offer details about the property that will cater mostly to the pharmaceutical and manufacturing plants in the area.
chat_bubble0 Comment
visibility4816 Views
Cement sales, key economic indicator, drop for 3rd straight month
August 14, 2012
Puerto Rico’s cement production and sales levels dropped for the third month in a row in June, when totals reached 1.51 million and 1.56 million, respectively, figures released by the Government Development Bank showed.
chat_bubble0 Comment
visibility4899 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA