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In November 2004, it was reported that Developers Diversified Realty (DDR) had announced it had entered into an agreement to purchase 15 Puerto Rican retail real estate assets, totaling nearly 5.0 million square feet from Caribbean Property Group, LLC ("CPG"). The transaction had a total value of approximately $1.15 billion, which represented a ...
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Kmart and Sears stores were expected to continue operating as they were, said Wells, adding that Puerto Rico was a great market for both brands at the time. Sears operated 10 stores in Puerto Rico with $400 million in gross sales for 2003 and Kmart had 21, with an estimated $350 million in gross sales for 2003.
Galería Paseos is an enclosed shopping mall in San Juan, Puerto Rico. Anchor stores for the mall are Aliss, Amigo Supermarkets, and a Walgreens. It was formerly anchored by a 2-level Sears store which closed in 2016, later being primarily replaced by Aliss.
The mall at this point hosted 73 stores and 53 corridor modules (kiosks), climbing to No. 268 on the Caribbean Business's list of Top 400 Locally Owned Companies, and was among the top 15 largest shopping centers in Puerto Rico. [12] In September 2017, Hurricane María dealt a severe blow to the mall. The owners responded with a $62 million ...
It also regulates transactions on the island by companies engaged in the sale of real estate located outside of Puerto Rico. The Rule of Ethics (Reglamento de Ética) is a regulation to implement Law No. 10 of April 26, 1994, the law to regulate the real estate business and profession of broker, salesperson, and real estate companies in Puerto ...
El Dorado Furniture is a chain of furniture stores based in South Florida. [1] The company was founded by Manuel Capó in 1967 and is currently owned and operated by the Capó family. [ 2 ] There are currently 15 El Dorado Furniture showrooms and 3 outlets throughout South Florida.
Inc., which had a shoe concession in the New York Department Stores of Puerto Rico. The New York Department Stores had been established in Puerto Rico for 32 years up to that point and operated with a capital of over $12 million. [7] On October 4, 1972, a new store would open at the Mayagüez Mall in Mayagüez. [8]