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A prime 2.4-acre lot located next to the Sheraton Puerto Rico Hotel & Casino has been put on the block for $3.5 million, this media outlet confirmed. The property, owned by the Puerto Rico Development Fund — a subsidiary of the defunct Government Development Bank — must be used “for an office building not to […]
The property was listed for $25 million, but was sold for less than half of that, at $12 million.