Upgrades on the horizon for Marina Puerto del Rey
June 17, 2013
Less than five months after seeking bankruptcy protection, Marina Puerto del Rey in Fajardo has a new owner with big plans on the horizon for its newest Puerto Rico property.
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FirstBank to sell $532M in non-performing loans
April 1, 2013
FirstBank Puerto Rico has entered into three separate agreements to sell a total of $532 million bad commercial loans with a book value of $315 million, for $201 million, or 38 percent of the unpaid principal balance.
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Liberty Puerto Rico closes OneLink acquisition
November 9, 2012
Exactly one week after Liberty Cablevision got the go-ahead from the Puerto Rico Telecommunications Regulatory Board to buy OneLink Communications, today the company announced it has closed the $585 million deal.
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Neolpharma picks up Pfizer’s Caguas plant
October 16, 2012
Mexico’s Neolpharma will be picking up the assets of Pfizer’s Caguas manufacturing plant, through an agreement that is expected to close during the first quarter of 2013, company executives announced Tuesday. The financial terms of the agreement were not disclosed.
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Eagle Hospitality selling Embassy Suites in Isla Verde
September 11, 2012
Eagle Hospitality Properties Trust, which owns 13 premium-branded hotels including the 299-room Embassy Suites San Juan Hotel & Casino in Isla Verde, announced Monday it has reached an agreement with its secured lender that allows it to sell its portfolio and repay its secured debt at a discount.
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Op-Ed: Approving OneLink sale would green-light costlier services
July 12, 2012
As a long-time OneLink subscriber, I have personal knowledge of its service and the value of its offerings. I recently moved to the western part of the island, where I have been able to compare services with other providers such as Claro and Choice Cable. They offer asuperior range of offerings for a substantially lower […]
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Popular completes sale of non-performing loan portfolio
September 29, 2011
Popular Inc. announced Thursday that its subsidiary Banco Popular de Puerto Rico, completed the sale of a portfolio of mostly non-performing construction and commercial real estate loans with a book value of about $148 million. The loans carry an unpaid principal balance of approximately $358 million, the financial institution announced late in the day.
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U.S. Navy puts 2K acres of former Roosey Roads land on block
July 31, 2011
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
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