Executives Jorge Agüelles-Morán, president of the United Retailers Association, and Iván Báez, president of the Puerto Rico Retail Sales Association, offer their predictions for this year's holiday shopping season on the island.
The government of Puerto Rico has sold a commercial lot, known as the “former Sears property” in Hato Rey — held in the defunct Government Development Bank’s portfolio — for $11.6 million.
The price for a 200-acre beachfront property in Aguadilla that had been reserved for the Discovery Bay Resort & Marina development has dropped to $3 million, from the $9 million sought three years ago through an auction.