Private investor buys the Palm Springs mall

Palm Springs officials confirm that a private investor called YTC Properties closed escrow today on the mostly vacant property. The closing price was a little more than$9 million dollars. Some of the stores still open in the mall will remain open for business at this time. Including, GNC and Radio Shack. Right now there are no set plans for the future of the property, but there have been talks between the city and the investor about bringing in a high level anchor retail store.