Reaction to new ownership at The Shops at Palm Desert

The city of Palm Desert has been exploring options for redeveloping the Shops at Palm Desert. With new ownership by the Pacific Retail Capital Partners, some of the long-awaited developments requested by the city can soon come to life.

According to Businesswire, P.R.C.P is one of the nation’s leading retail real estate development, investment, management, and advisory firms focused exclusively on evolving retail-led real estate. They announced the acquisition on Thursday, November 30th.

Residents and tourists travel the Shops at Palm Desert on their way to the Coachella Valley’s many recreational offerings.

The mall was built in 1982, renovated in 2013, and is currently anchored by JCPenney, Macy’s, Dicks Sporting Goods, and Barnes & Noble.