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
visibility3357 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
visibility2790 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
visibility2773 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
visibility3064 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
visibility4152 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
visibility3181 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
visibility3556 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
visibility4181 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
visibility4203 Views
Plaza Del Caribe embarks on $3.5M food court makeover
July 20, 2012
Plaza Del Caribe will soon begin the $3.5 million remodeling and expansion of its "Terraza Del Caribe" food court and the construction of the second Zara store in Puerto Rico.
chat_bubble0 Comment
visibility4864 Views
Lagging economy, slow population growth affecting P.R. housing market
May 17, 2012
Puerto Rico’s demographics have significantly influenced its housing market in recent years and it is expected to continue playing a crucial role in the future of the local housing market, according to the findings of the “Puerto Rico Housing Market Outlook 2011-2015” study revealed Wednesday by the Puerto Rico Bankers Association.
chat_bubble0 Comment
visibility2840 Views
Planning Board: Construction activity up 4.7% in fiscal ’11
March 9, 2012
Construction activity exceeded $3.8 billion in fiscal 2011, which represents a $173.5 million year-over-year increase when compared to the prior 12-month period, Planning Board President Rubén Flores-Marzán said Thursday.
chat_bubble0 Comment
visibility2963 Views
Retail exec: P.R.’s lack of sizeable, ‘move-in ready’ space inhibiting sector growth
January 24, 2012
Puerto Rico is lacking one fundamental element necessary for the retail industry to grow and welcome new players: move-in ready spaces large enough to fit the “big box” chains, Michael Kercheval, president of the International Council of Shopping Centers Inc. told News is my Business Monday.
chat_bubble1 Comment
visibility2942 Views
Planning Board OK’d $3.1B in projects last year
January 17, 2012
The Puerto Rico Planning Board gave the go-ahead to more than $3.1 billion in location permits for residential and tourism-related development projects that are expected to generate more than 35,000 jobs and boost the economy, agency chief Rubén Flores- Marzán said Monday.
chat_bubble0 Comment
visibility2971 Views
New ACH president: Sector will pick itself up by ‘thinking outside the box’
November 2, 2011
Contractor Alejandro Brito, who for the next two years is presiding the Puerto Rico Homebuilders Association, applauded the Gov. Luis Fortuño administration’s decision Tuesday to extend the housing incentive program he said has been “totally effective” through the end of 2012.
chat_bubble0 Comment
visibility8092 Views
Loading stock data...
Brought to you by
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA