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 […]
RVI Puerto Rico and Plaza Palma Real Shopping Centers won gold at the Global MAXI Awards 2020 in the “Launch” category for their “More For You” (“Más para ti”) campaign. More than 238 marketing campaigns were submitted, in which the Plaza Palma Real shopping center in Humacao won “for its commitment to quality and excellence […]
Plaza Palma Real in Humacao is marking its 25th anniversary with the unveiling of a $20 million renovation to its facilities, which were significantly damaged by Hurricanes Irma and María in September 2017, owners Retail Value Inc. confirmed. The mall expects to have some 50 tenants in operation before the end of 2020, mall executives […]
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