His discipline and focus involved him in all aspects of the housing business,from working directly in the planning stages to permits, financing, marketing, engineering, and construction stages. Downtown Development Corp. has already tapped into exciting opportunities, focusing in areas with a vibrant commercial sector and population demographics proven to yield excellent sales at our Puerto Rico shopping center and mall properties. About Puerto Rico Shopping Center and Mall Properties There is fewer than eight square feet of retail shopping center and mall space per person. Real Estate for sale in Ceiba, Venta de Solar de Bienes Raices en Puerto Rico, Project for the Development of Housing, Barrio-Los Machos . QUALITY HOMESFOR THE DISCERNING HOMEBUYER SINCE THE 1980'S. Downtown Development Corp. is a Puerto Rico real estate development and leasing company that has developed shopping centers, malls, retail, office, and warehouse properties around the island of Puerto Rico since 1984. Enterprising. Committed. Awarded by: Mortgage Bankers Association of Puerto Rico, Year: 2019 Puerto Rico has many excellent retail real estate opportunities, especially in areas outside of the San Juan Metro areas where sites can be chosen to develop community shopping centers (150,000 to 175,000 square feet) with a mix of traditional grocery and department store anchors with a variety of service retail stores. This approach enables us to thoroughly evaluate opportunities based on an intimate knowledge of local markets, complemented by the exceptional capitalization of a large, national company. With luxury appointments in spaces otherwise perceived as economy, RPC has succeeded in achieving new highs in price per sq. He graduated with a double major in Economics and Business from Springfield College and began his professional career in the housing industry in 1996, working as a project supervisor. Since the 1960s VRM Companies has led the way in real estate development and community improvement capabilities by consistently relying on their pioneering spirit. Understanding this need, Picerne entered the market to build upon its expertise and its success in the continental United States. Finance - Miami breaks ground on pandemic-ready build, Bloomberg - Miami developers unveil "COVID-Conscious Skyscraper", NBC6 Miami Mayor & Pitbull debut new global anthem on PARAMOUNT Miami, Miami Mayor & Pitbull debut new global anthem on PARAMOUNT Miami Worldcenter. In addition to its core real estate business, VRM Companies is also involved in private capital investment dealings in Florida and Puerto Rico. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This approach enables us to thoroughly evaluate opportunities based on an intimate knowledge of local markets, complemented by the exceptional capitalization To date, he has been involved in the development, construction, and sales of over 12,000 housing units in more than 70 different projects in Puerto Rico. Hurricane Maria, which heavily damaged thousands of homes in 2017, had already prompted many residents to leave the island. Under the law, an investor can qualify for the tax breaks if he or she has not been a resident of Puerto Rico for at least 10 years prior. 200 Convention Boulevard He currently manages two housing projects in the eastern part of the island that provides safe and affordable housing to over 1,000 families while assisting in the day-to-day managerial decisions of the company. PRIDCOs industrial buildings can accommodate a variety of uses from light to specialized manufacturing, research and development, distribution centers, warehouse, or industrial activities. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Our support staff are stationed here. Resident and guest parking continue to add great development expense and often inconvenience to end-user experience. Mr. Valds remains hard at work serving as CHAIRMAN of VRM Companies. The Puerto Rico Industrial Development Company (PRIDCO) has a portfolio of more than 1,500 public commercial properties throughout the island, including industrial buildings, lots, and raw land. In May, Elizabeth Stevenson moved to Puerto Rico with her husband, Tyler McNatt, from Austin, Texas. lower costs for companies engaged in international trade and assist with being highly competitive on a global scale. Awarded by: Homebuilders Association, Year: 1999 Ms. Stevenson, an Act 60 beneficiary, is working as a consultant for a California movie producer now based in Puerto Rico, while also buying and selling cryptocurrency. In addition to his role in VRM, Rojos concern for Puerto Rico has led him to become actively involved in important political and economic issues on the island. While this trend has been in place for some time, it . Daniel Kodsi, CEO of Royal Palm Companies and Developer Legacy Miami World center, joins Yahoo Finance the discuss the world's first covid-conscious, pandemic-ready skyscraper. The incentive drew more interest after 2017, when Hurricane Maria decimated the island. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511. Interlink is a leading developer of hotels, resorts and high-end residential and commercial real estate in Puerto Rico and the Caribbean; with in-house capabilities in construction, asset management, and real estate leasing and sales, for its own portfolio, as well as for the firms partners and clients. Over the years, Picerne has built more than 2000 units and manages another 1500 homes for third party owners. An extensive record that includes residential, commercial & recreational developments. "Property prices in Puerto Rico compete favorably with prices in cities like San Francisco and Hong Kong," added the real estate broker. Puerto Ricos Opportunity Zones (OZs) were established by the U.S. Congress in 2017 to encourage long-term investments in low-income communities across the country. At the Dorado Beach resort west of San Juan, the developer has signed 46 contracts for homes in one of the sites new phases with prices spanning $1.9 million to $4 million. This is creating inequality in terms of taxpayer responsibility, said Heriberto Martnez Otero, the executive director of the Ways and Means Committee in the Puerto Rico House of Representatives. Ive had locals tell me Im selling our country, said Ms. Badillo, who regularly deals with investor clients seeking the tax breaks. Visionary. Awarded to: Terrazas del Monte In recent years, Rojo has been actively involved in the diversification of VRM Companies, which has led the company to expand the presence of their developments in several US markets and the Dominican Republic. Puerto Rico is also a powerhouse for other leading stateside chains such as Wal-Mart, Sam's Club, Costco, Auto Zone, Home Depot and Office Max. 2020 Downtown Development. After obtaining her CPA license in 1996, Lourdes was promoted to the position of Comptroller. For 40 years, Royal Palm Companies has changed the way people live. VRM has also diversified into several private equity and venture capital investments, like the ones highlighted below. In recent years VRM has expanded its services to the U.S. mainland and international markets, developing residential and commercial projects in North Carolina, Colorado, Georgia, Arizona, Florida, and the Dominican Republic. Worked all sides of the transaction as a corporate executive, landlord, tenant, real estate broker and consultant. In addition, he and his associates have expanded their diversification through strategic capital investments, including Million Air San Juan Corp., an aviation services company, and Ron del Barrilito, the oldest rum brand in Puerto Rico, among other investments. de la Constitucin, San Juan, 00901, San Juan, PR 00901. Your submission has been received! Search; Account; Menu Puerto Rico Real Estate. Real Estate Developers Manta has 17 businesses under Real Estate Developers in Puerto Rico Featured Company Listings Economic Construction Corporation 3 (1) 200 Avenue Jesus T Pinero 7f San Juan, PR Categorized under Real Estate Developers A R F Development Corporation Urb El Vedado 460 Avenue Ho San Juan, PR (787) 758-3155 October 26, 2022. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Shown to improve the wellbeing of inhabitants and featured on networks as one of the only Covid-free environments in the United Sates, a new standard for health in development was again created by RPC. The Puerto Rico Industrial Development Company (PRIDCO) has a portfolio of more than 1,500 public commercial properties throughout the island, including industrial buildings, lots, and raw land. Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. If you wish to report an issue or seek an accommodation, please let us know. Musician Pitbull and Miami Mayor Francis Suarez are debuting the artists just-released global anthem, I Believe That We Will Win -- an inspirational song aimed at motivating global strength. Ft. Royal Palm Companies focuses on the trifecta of location, design and delivering a superior product. Industrial and office assets are among the most popular Puerto Rico properties, as are land and multifamily developments looking to serve newcomers to the island. PO Box 190858, San Juan, PR 00919-0858 Through strategic PR campaigns that incorporate media relations, marketing and advertising, event . With a blitz of housing incentives set to expire Dec. 31, Puerto Rico is courting high-end home buyersand sparking a real-estate revival. San juan, Puerto Rico, April 05, 2021 (GLOBE NEWSWIRE) -- Today we at HighKey Agency are going to cover "Top 10 Real Estate Leaders in 2021". It was a priority to quickly develop and build new homes and apartments. And it is a priority for Puerto Rico to build new housing quickly. In early January, about 20 people met around the bar and pool, speaking under string lights and competing with the sounds of the nocturnal coqu frogs. Awarded by: Caribbean Business, Year: 2011 Leadership. Awarded to: Rafael Rojo Torre Empresarial Las Mariposas, ABOUT US In the 2016-17 school year, a student survey identified three native English speakers who needed Spanish-language assistance, Ms. Prez said. These are boom times for investors flocking to idyllic towns all over Puerto Rico, some of them seeking to take advantage of tax incentives intended to attract new people and outside money to the cash-strapped island, which is working its way out of bankruptcy. Unparalleled ability to envision, plan & execute. Here are four technologies that will continue to transform how we buy, sell, finance and invest in real estate moving forward. In 2001, Mr. Agustin Rojo earned a bachelors degree in Business Administration and Finance from Duquesne University in Pittsburgh, PA. We collaborate on recommissioning facilities and then market the opportunities to our global network. This copy is for your personal, non-commercial use only. By owning managing and developing the highest quality of properties throughout its history, RPC has built a reputation for excellence and market insight. With over 23 years of experience in real estate market analysis, site evaluation and acquisition, engineering and architectural review, construction contract coordination and implementation, as well as sales, marketing, and management supervision, Rodriguez is a valuable asset for VRM Companies. Awarded by: ORA Power Rankings, 322 Ave de Diego Home Buyers Give Puerto Rico Another Look During Pandemic. For non-personal use or to order multiple copies, please contact In 2000, Jos A. Valds, Jr. became Vice-President and then Managing Partner of VRM Companies, a position he currently holds. ", FOX Business - Miami River Tunnel Mayor & Developer discuss building tunnel in Florida, Paramount Miami Largest Electronic U.S. A Puerto Rican company. Awarded to: Paseo Real This has led to the development and construction of over 10,000 homes, more than 50 single family and multi-family communities, 4,000 subdivided lots for residential, recreational and other uses, and over 250,000 square-feet of commercial projects. WPTV5 discusses sticker shock and building supply pricing being higher than ever. Daniel Kodsi, CEO of Royal Palm Companies and Developer Legacy Miami Worldcenter, joins Yahoo Finance the discuss the world's first covid-conscious, pandemic-ready skyscraper. Something went wrong while submitting the form. Since then, he has successfully led various strategic land acquisitions and developed several multi-family, mixed-use and commercial centers in Florida, Georgia, and Phoenix, Arizona. Get price drops notifications & new listings right in your inbox! Experienced. Newsletter. Miami's skyline will light up PARAMOUNT Miami Worldcenter with hundreds of fluttering flags and the words, "One World, One Prayer," to salute healthcare workers as a show of solidtary for their tireless efforts during the pandemic. In the midst of South Floridas surge in coronavirus cases; a groundbreaking ceremony took place to unveil Legacy Hotel & Residences --the worlds first COVID-Conscious, Pandemic-Ready, all-in-one, residential, hotel and medical center skyscraper in downtown Miami.Miami Worldcenter is currently the nations largest urban core construction project and Americas second-largest real estate development. Interlink has been responsible for some of the largest and most complex hotel and resort developments in Puerto Rico. Downtown Development Corp. is a Puerto Rico real estate development and leasing company that has developed shopping centers, malls, retail, office, and warehouse properties around the island of Puerto Rico since 1984. Innovation. These are some of the qualities that best describe the leadership team at VRM Companies. Picerne is committed to help meet the high demand. Our range of development experience includes high-end luxury developments and affordable multifamily communities. His diverse experience and abilities in the construction industry will play a vital role in the expansion, diversification, and growth of VRM Companies. Interlink also was the developer for the Baha Beach Resort & Golf Club master-planned beachfront community, and its anchor, the AAAs Five Diamond rated, the St. Regis Baha Beach Resort. This represents a constant life threating circumstance for the . SUCCESSFUL RESIDENTIALAND COMMERCIALDEVELOPMENTS. Repblica Dominicana #230 Av. forecast period. Legacy Hotel and Residences, now under construction in Miami Worldcenter, will feature the worlds first Blue Zones Center as a joint venture between RPC and Adventist Health/Blue Zones. Downtown Development Corp. is a Puerto Rico real estate development and leasing company that has developed shopping centers, malls, retail, office, and warehouse properties around the island of Puerto Rico since 1984. Over 90 thousand families in Puerto Rico live in flood zones. In fact, the first apartment complex we ever built is still owned and managed by Picerne. After a few years, he returned to Puerto Rico to work as a Project Engineer and Project Manager for Levitt Homes Corporation, one of the biggest housing developers on the island. We hire local people to run our operations the people who know best and have pride in Puerto Rico. In 2008, he became Assistant Vice President of Operations, in charge of many complex projects around the metropolitan area. After developing and building thousands of apartment homes, Picerne has refined the ability to assess proposals on the basis of sound economic principles, not current fancy. Unparalleled ability to envision, plan & execute Myriam Prez Cruz, the principal at Manuel Gonzlez Melo K-8 School in Rincn, said the school had to add more coursework for students learning Spanish as their second language. communities and single-family home subdivisions. It has been estimated that there is a potential for ten square feet of retail space per person. In all, more than 4,286 applications have been approved since 2012, with more than 35 percent of them approved in the last three years. Since 1925, Picerne Development has been committed to creating communities people are proud to call home. real estate assets developed, repositioned, "The DNA of this company is innovation and foresight in an ever-changing world. Cris Hogan, Ken Simonson, and CEO, Daniel Kodsi discusses shortage of workers, supply & demand and the pandemic as reasons for pricing hikes throughout the construction industry. She is part of several crypto groups for ex-mainlanders that regularly host events in Rincn. Royal Palm Companies secured a $64.7 million construction loan for its planned 293-unit Dania Beach multifamily project. Three Critical Things To Learn Before Becoming A Real Estate Developer. Awarded to: Jos A. Valds Leal What was intended was an influx of people with capital to give life to the real estate market, he said. They dont ask you for a price, he said. Paramount Miami Worldcenter, the Magic Citys soaring signature skyscraper, is lighting-up the South Florida skyline with Americas largest electronic U.S. flag and L.E.D. Awarded by: Homebuilders Association, Year: 2007 3 bedrooms, 3.5 baths, and a spacious landscaped backyard with exterior seating areas perfect for entertaining. Mr. Rodriguez later joined Tensar Earth Technologies, an industry leader in geotechnical engineering solutions and geo-grid manufacturing, as a Sales Engineer for Latin America. He began his professional career in the construction industry in 1996, working as a project supervisor at VRM Companies, one of the leading development companies in Puerto Rico. For more information on the St. John Residence Club please contact [email protected] or (340) 228-1313 . COMMUNITIES BUILTTO MEET THE NEEDS OFTODAY'S MODERN FAMILY. Looking for Puerto Rico new listings? Understanding that need, Picerne entered the market to build upon its expertise and its success in the continental United States. He is also involved in the day-to-day activities of the companies residential developments in Puerto Rico. Rincn has changed a lot., The Rush for a Slice of Paradise in Puerto Rico, https://www.nytimes.com/2022/01/31/us/puerto-rico-gentrification.html. Since the 1960s VRM Companies has led the way in real estate development and community improvement capabilities by consistently relying on their pioneering spirit. These networks can assist with renovations or help build highly specialized and regulated facilities from scratch. He has helped transform its operations into a widely diversified real estate development and investment organization dedicated to developing, constructing, and selling single and multi-family residential projects, multi-family rentals, and commercial centers. Picerne couples prime sites with solid research to ensure uncompromising profitability. Of those, 982 had been approved. The CompanyWhat We Do Development Construction Asset & Property ManagementNews & MediaOur Team, Villas de San Francisco Plaza I89 De Diego Avenue Suite 201San Juan, PR 00927-6343, Postal AddressP.O Box 363529San Juan, PR 00936-3529. This task entails managing personnel, compliance with various government agencies, communications with external auditors, developing and implementing internal controls, managing cash flow, preparing financial information for internal and external purposes, and implementing software transitions along with the companys evolution. As Comptroller, Lourdes has been responsible for managing the accounting department for the past 22 years. Awarded to: Rafael Rojo This is what our colonizers look like, they say. Late Friday, Aug. 27, Beachwood-based Retail Value Inc. (NYSE: RVI) announced that it had exited the island by selling nine shopping centers to an unidentified buyer. Thank you! Also, they have a condo in the Condado area with an asking price of $4.2 million. Learn more. Since 2005, Rojo has been a member of the Board of Directors of the Association of Builders of Puerto Rico, an important organization for which he was elected president in 2007. We have been operating on the island for over 23 years. I thought the prices were only going up in the downtown area, but the properties in the more rural sectors in the mountains are getting expensive.. One constitutes the largest non-contiguous zone in the United States, with 714 designated facilities and 19.5 million square feet around the Island. Mr. Rojo is currently developing another 288 unit multi-family development, plus another 72 unit apartment high rise. People who move to the island can benefit from a reduction of income taxes on long-term capital gains, dividends, interest and revenues from their services. Mr. Matos, the Rincn resident who must move out of his home by March, recently drove around looking for promising For Rent signs. USA Awarded to: Jos A. Valds Leal Development. More than 142,000 locals fled the. There are three Foreign Trade Zones in Puerto Rico. The new residents are bringing their children along. Awarded by: Puerto Rico Home Builders Association, Year: 2021 The uptick comes despite years of natural disasters and financial and political upheavals that made many wary of buying property in Puerto Rico. 1925, and have prospered through the decades by quickly and effectively responding to new housing opportunities and changing market conditions, both nationally and internationally. After 11 years in the mortgage banking industry, Mr. Rojo had the opportunity to join VRM Companies once again in 2014. During the past thirty years, VRM Companies has developed into a Real Estate, Financing, and Investment Conglomerate. Puerto Rico Industrial Development Company. Awarded by: Homebuilders Association, Year: 2021 He knew what the uninvited visitors wanted, and he was tired of having the same conversation over and over again. Please switch to a supported browser or download one of our Mobile Apps. Pedro R. Pierluisi has applauded the fact that many investors are buying luxury homes a collapse in the luxury real estate market was a key motivation for passing the tax law, he said in January. In 2017, a two-bedroom condo would list at an average of $290,000. Stores located in Puerto Rico are in number one positions in sales volume and profitability in the U.S. Marshalls has two of its top stores in Puerto Rico. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Eventually, this led Mr. Rodrguez to Puerto Rico, where he was able to pursue his career goal in real estate development, and in 1995 he joined VRM Companies as a Partner and Project Manager. On this site you can find our Puerto Rico real estate listings. By being a member of the Builders Association of Puerto Rico, he serves on the infrastructure committee, which looks to improve and maintain reasonable regulations and expand relationships for the construction industry. Forty-three percent of Puerto Ricans live under the federal poverty level. Awarded to: Riviera Court & Riviera Village Developers Dan Kodsi and Rafael Pecchio paid $8.9 million for a property in the Arts & Entertainment District where they plan a 200-unit apartment tower, The Real Deal has learned. Corcoran Puerto Rico currently has in its inventory a 10,880 square-foot home in Guaynabo with a price tag of $7.7 million. San Juan, PR 00920 He has successfully supervised and managed the development and construction of several large-scale developments such as Los Palacios in Toa Alta (1,900 units), Palacios de Humacao (1,125 units), Plaza Los Palacios Shopping Center, Estancias de Los Artesanos (432 units), and more recently, Riviera. . I never thought I would be in the situation of having a hard time looking for a roof to live under with my daughters. All of our Puerto Rico operations are conducted here. . Some IDX listings have been excluded from this website. For more than years, Picerne Development has been committed to creating communities people are proud to call home. The Puerto Rican government introduced the aggressive . 305-810-8849, #230 Av. Mr. Matos had an option to buy the house but it expired. Calvache, Calvache, PR 00677, 1350 WILSON AVENUE 2-W, San Juan, PR 00907, Bo. Awarded to: Estancias de los Artesanos This latest project is a master-planned community between Guaynabo and Bayamn of approximately 1,008 units. The last time strangers approached Samuel Snchez Tirado while he was trimming his front lawn, he pretended to be the landscaper so that they would leave him alone. Walgreens and Rooms To Go have also achieved number one positions in sales. He served for two years as president, and today, he is still part of the board. Awarded by: Homebuilders Association, Year: 2017 The tax breaks fall under a law known as Act 60, a version of which was initially enacted by the Puerto Rico government under another name in 2012, as the island faced a looming economic collapse. Im worried that native Puerto Ricans wont be able to live or invest here and will end up displaced. Alexander Mujica, P.E, graduated in 1997 with a degree in civil engineering from the University of Massachusetts at Amherst. We have prospered through the decades by quickly and effectively responding to new housing opportunities and changing market conditions, both nationally and internationally. The Companys strategy has been to remain agile and versatile, and focused on new opportunities in the ever-changing marketplace. Dan Kodsi, CEO of RPC Holdings discusses the real estate project on Bloomberg. Retail sales in Puerto Rico during 2019 consisted of $35 billion, 42% of the island's gross domestic product of $99.91 billion. " Daniel Kodsi, CEO of RPC Holdings. Awarded by: Homebuilders Association, Year: 2004 The 60-story Paramount Miami Worldcenter skyscraper adds a new look to South Floridas message of support for Ukraine as Russias aggression against Ukraine escalates. Interlink is a leading developer of hotels, resorts, high-end residential, and commercial real estate in Puerto Rico and the Caribbean; with in-house capabilities in construction, asset management, and real estate sales & commercial leasing, for its own portfolio, as well as for the firm's partners and clients. Year: 1998 Legacy Hotel & Residences is both residential tower and luxury hotel featuring 310 branded residences sitting above a 219 room hotel. Find Puerto Rico homes for sale, real estate, apartments, condos, townhomes, mobile homes, multi-family units, farm and land lots with RE/MAX's powerful search tools. With the greatest companies and minds chasing this idea, RPC designed the Paramount Miami Worldcenter rooftop in away that when retrofitted it can act as one of the worlds first private Skyports allowing for residents to enter and exit from the top of the building with access to a world by flight. Check with the applicable school district prior to making a decision based on these boundaries. Downtown Development Corp. expansion plans call for the openings of Arecibo Town Center, Adjuntas Plaza, Rexville Court Plaza Bayamon, and Plaza Las Lomas Shopping Center Juana Diaz. After developing A Puerto Rican company Anti-gentrification posters can be seen around the Puerto Rican capital, San Juan. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Valds has been directly involved in the development and construction of more than 5,000 units, including successful developments such as Montecasino III, Alturas de Montecasino, Mansiones de Montecasino I and II, Brisas de Montecasino, Terrazas de Montecasino, Paseo Real, Paseo del Sol, Paseo Las Olas, Paseo Los Corales I and II, Colinas del Prado, Villas del Prado, Chalets de la Fuente I & II, and Estancia de los Artesanos. At the Dorado Beach resort west of San Juan, the developer has signed 46 contracts for homes in one of the site's new phases with prices spanning $1.9 million to $4 million. Awarded to: Paseo Los Corales Suite 301 Mr. Valds migrated to Puerto Rico and started working in the housing construction industry as a subcontractor and later on as a General Contractor, building housing projects in many locations throughout the island. ***Beach Access***, recently renovated, immac. Theres a lot more movement in town than before, he said. Puerto Rico's real estate market has been gaining momentum since Hurricane Maria devastated the island in 2017 and displaced thousands from their homes. Were a company built for generations to come. The average annual income in Rincn is about $19,900. Many of them are cryptocurrency traders, who now hold weekly happy hours at a seaside bar in Rincn. Santo Domingo, D.N., RD A reputation based on excellence and customer satisfaction. Home Buyers Give Puerto Rico Another Look During Pandemic. Pioneering the use of robotic parking, RPC has introduced new levels of efficiency both in cost and delivery time of vehicles in some of its latest properties. Afterward, he went to the beach, sat cross-legged on the sand, and tried to relax. Hows everyone feeling in the market this week? Mr. Torgerson asked the crowd. Demand was high and there was little supply. Find out why PARAMOUNT Miami Worldcenter is the building with the most amenities in the world. Picerne couples prime sites with solid research to ensure uncompromising profitability. You can also view more listings by looking at United States new listings. which it is built. The program offers families monthly $450 vouchers to pay for housing, but he is struggling to find homes at that price. Daniel Torgerson, a crypto investor who moved to Puerto Rico in June, convenes a weekly happy hour at the Aqua Marina Beach Club in Rincn. The real estate boom, which began in San Juan, the capital, has extended across the island, as investors have started to move away from the metropolitan area and into smaller towns like Rincn.
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