National Cheat Sheet: Malls put on a show for holiday shoppers, NAR lobbies for protections in tax reform bill more
Clockwise from top left: Holiday show at the mall, National Association of Realtors president Elizabeth Mendenhall, Brazilian developer Galwan s Miami hotel tower, and Jay Newman of Athens Group and One Beverly Hills.
Trying to lure back holiday shoppers, malls put on a show
From temporary ice rinks to Santa parades to baking classes, shopping malls are getting creative in their efforts to lure customers back to brick-and-mortar stores this holiday. Malls typically spend $150,000 to $500,000 on holiday decorations, Greg Maloney, chief executive officer of JLL’s retail business in The Americas Told The Wall Street Journal. And retailers are looking to spruce up their stores ahead of the shopping season: work orders for fresh paint, new lighting and other fixes were up 8 percent to 10 percent compared to 2016 according to Bill Hayden, CEO of facilities management company FacilitySource. This year, 164 million people nationwide plan to shop over the Thanksgiving weekend, compared to up from 154.4 million at the same time last year, according to the National Retail Federation. [TRD]
Realtor lobby fights to protect homeownership incentives in GOP tax plan
The National Association of Realtors, with allies like the National Home Builders Assoc[……]