Write a news report exploring the recent sale of seven parcels at Tacoma’s Westgate North Shopping Center for $37 million, delving into what this change in ownership by Phillips Edison & Co. means for the local economy and community. Consider discussing how this sale, contrasting with the assessed value increase over the years, may impact regional business trends and consumer behaviors. Imagine the potential effects on both local retailers and consumers, especially given the area’s population dynamics and average household incomes.
