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Friday, March 5, 2021
- Residential
Puerto Rico New Home Sales Slump 26.5%
New home sales in Puerto Rico dropped 26.5% during the months of July- September 2019 compared to previous period 2018.Puerto Rico’s Housing Market is gaining momentum.
Puerto Rico’s housing market is gaining momentum, after several years of house price falls. During the year to Q2 2019, the seasonally-adjusted purchase-only house...Ponce Could Be Puerto Rico’s Next Big Destination
While San Juan has long been Puerto Rico’s undisputed tourism hub, the island’s efforts to ramp up tourism development have meant a look at...Former Sears property in Hato Rey to be developed.
According to News Is My Business the proposed plans submitted by the property’s owner, Puerta de San Juan LLC. to the government’s Permits Management...New Luxury Real Estate Coming To Puerto Rico
Bahia Beach A major new luxury real estate project is coming to Puerto Rico. The St Regis Bahia Beach Resort has announced a new $85 million...New owners of Río Bayamón community to invest $200M to redevelop.
Puerto Rican real estate development firm VRM Companies the new owner of the 90-acre property known as Río Bayamón community, which they bought from...
- Commercial
Plaza Palma Real in Humacao Sells for $50M
Retail Value Inc. closed on the sale of the Plaza Palma Real shopping Center in Humacao on Dec. 22, for $50 million prior to...Everything went wrong for the Mall of San Juan.
(Bloomberg) -- The grand opening of the Mall of San Juan was a celebration of Puerto Rico’s rosy future. There was confetti, a bomba...Cuba Libre Restaurant & Rum Bar to open 1st restaurant in P.R.
Philadelphia-based Cuba Libre Restaurant & Rum Bar will open its first restaurant outside the U.S. mainland at the Plaza Las Américas mall in January...San Patricio Plaza
Empresas Caparra, parent co. of San Patricio Plaza, will invest $12M to build The Square @ San Patricio Plaza, to fill the 87,000 square-foot...Plaza Palma Real Shopping Center reopens.
Humacao, Puerto Rico — Amid its 25th anniversary celebration and after overcoming the significant impact of hurricanes Irma and María, Plaza Palma Real shopping...More Sears and Kmart stores close in Puerto Rico
The TransformCo company, which owns Sears and Kmart stores in Puerto Rico, announced the closure of eight stores in Puerto Rico. The closure announced includes...
- Hospitality
New Hotel Project coming to Condado
With an investment of $12.3 million, an all-suite hotel is being constructed on Ashford Avenue in the Condado area of San Juan. The new...A New Boutique Hotel is Opening in Old San Juan
Preferred Hotels is opening a new boutique hotel in Old San Juan.The new Palacio Provincial is set to launch in January 2021, according to...New Hotel planned for Puerta de Tierra in San Juan
A new $12 million hotel will be built on Ponce de León Ave. in San Juan’s Puerta de Tierra sector, featuring some 200 rooms...Puerto Rican company acquires El Conquistador Hotel
Nearly two years after Hurricane María caused multimillion-dollar damage to El Conquistador Resort, in Fajardo, the local company Royal Blue Hospitality (RBH) bought the...
- Mortgage News
Mortgage Delinquency in Puerto Rico Increase
The mortgage delinquency rate in Puerto Rico increased after the COVID-19 pandemic to numbers very close to those registered on the island in the...FHA loans
FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for short. Popular with first-time homebuyers, FHA home loans require...FirstMortgage launches website access, optimizes app
In keeping pace with the technological evolution of its services and products that guide and take care of customers in a faster and more...FHA changing 203(k) rehab mortgage rules in Opportunity Zones to spur investment.
Aiming to boost investment in residential real estate into Opportunity Zones, the Department of Housing and Urban Development announced late last week that it...
- Places
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Hyatt Residence Club Dorado,Reopens
After a three-year recovery and rebuilding effort, the associates at Hyatt Residence Club, Hacienda Del Mar located in Dorado, Puerto Rico, are excited to welcome...Cayo Santiago, Humacao
Cayo Santiago is a 38-rope islet of land that has been inhabited by rhesus macaques since 1938. That year, the first 403 monkeys from...Off-the-Beaten-Path Surf Beaches in Puerto Rico
When you think of surf in Puerto Rico, your mind automatically will take you to the west coast. Yes, the towns of Isabela, Rincón,...Palmas Del Mar
40 minutes from San Juan, situated on beautiful rolling hills that open straight into the Caribbean sea sits the luxury resort gated township...Guilarte Forest
Located between the municipalities of Adjuntas, Guayanilla, Peñuela and Yauco. It is home to Puerto Rico's seventh highest peak, Pico Guilarte, also known as...
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