The $550 million sale of nine shopping centers formerly owned by Retail Value Inc. has brought Developers Diversified PR back to the island 15 years after first establishing operations. That transaction, which closed in August 2021, has also meant the return of developer Scott Wolstein, who will oversee the portfolio, whose performance — he believes […]
The Puerto Rican Association of Shopping Centers issued a statement regarding the government’s new Executive Order 2020-062, saying that while “thankful” that it did not call for a full shutdown of the economy, it anticipated that the new restrictions will “have an effect on the sales of small and medium-sized businesses, many of which are […]
The Puerto Rican Shopping Centers Association called on its 46 member malls to continue to be “very strict” about enforcing protocols to prevent COVID-19 contagion following a spike in cases. “In recent days the Health Department has reported a significant increase in the number of infections,” said Adolfo “Tito” González, presidente of the trade group […]
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