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Report: Holiday shoppers waiting until post-election
The upcoming United States presidential election is so tumultuous that it’s influencing shoppers to pull back holiday shopping plans. With the election falling in the middle of holiday shopping, many U.S. consumers said they will have a more conservative holiday spending budget this year, according to the National Retail Federation’s annual consumer spending survey, a report that tapped 7,733 consumers about holiday shopping plans.
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SoCal center sold for $19.8 million
Town Center Plaza, an 82,000-sq.-ft. center in Palm Desert, California, near Joshua Tree National Park, has been acquired by Citivest Commercial Investments for $19.8 million. Constructed in 1993, the center’s tenants include Trader Joe’s, Michael’s, Fisherman’s Market and Grill, and Tuesday Morning. Colliers International brokered the deal on behalf of the seller, Town Center Plaza LP.
