A little more than five years after making its debut in Puerto Rico, luxury retailer Nordstrom will close its only store at The Mall of San Juan, as it downsizes in response to the impact the COVID-19 has had on its operation. “Our goal is to best position ourselves to serve customers in each market […]
Simon Property Group Inc. and Taubman Centers Inc. have entered into a definitive agreement under which Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG), the companies announced. In Puerto Rico, Simon Property Group owns the Puerto Rico Premium Outlets in Barceloneta and the Plaza Carolina shopping center. […]
In the wake of Saks Fifth Avenue’s exit from The Mall of San Juan, the shopping center’s owner, Taubman Centers, is “actively looking” for either one or several tenants to move into the 100,000 square-foot space, executives said during a conference call with analysts. Robert Taubman, CEO of Taubman Centers Inc., said, “It could be […]
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