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.
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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.
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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.
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Villamil: P.R.’s economy has bottomed out, but contraction will prevail
September 8, 2011
Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
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Planning Board green-lights $477M in projects in 4Q ’11
August 11, 2011
The Puerto Rico Planning Board approved an investment of more than $477.2 million in new development projects between April and June that aside from generating new construction, will also create 1,042 jobs, agency President Rubén Flores-Marzán said.
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Scotiabank grants $1.5M loan to build ‘green’ pharmacy in Río Grande
May 18, 2011
Local drugstore operator Farmacia Sally has secured a $1.5 million loan from Scotiabank de Puerto Rico to build a second location in Río Grande that will be completely “green,” company officials said.
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