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SAN FRANCISCO (AP) -- The Transamerica Pyramid, one of San Francisco's iconic buildings, has sold for 0 million, eight months after an sales agreement was reached.The San Francisco Chronicle reports New York investor Michael Shvo, Deutsche Finance America and other investors bought the building from Aegon, owner of namesake insurance company Transamerica Corp.The building, the second tallest in the city, had never been previously sold.The price was initially over 0 million but the deal was delayed amid the coronavirus pandemic.The new owners say they plan to renovate the 1972 building. 606
Saturday is expected to be quite busy at retailers and malls across America, according to the National Retail Federation. While that is probably not a surprise given Christmas is less than a week away, the fact that this year’s “Super Saturday” is expected to be busier than 2019 might come as a surprise given the pandemic and higher unemployment this year.What likely doesn’t come as a surprise is more Americans are planning to shop online this weekend. Here is how consumers plan to shop this weekend:52% online30% department stores20% discount stores17% electronic storesThe National Retail Federation remains optimistic that 2020 will be a good holiday season for retailers. The NRF says that it expects retail sales to be up this year from 3.6% to 5.2%.“While traditionally a popular item, it’s clear that the pandemic has impacted ‘gifts of experience’ this year,” Prosper Executive Vice President of Strategy Phil Rist said. “With continued uncertainty around gatherings and out-of-home activities, we saw the biggest decline in plans to gift an experience among those ages 35 – 44 but the under-25 cohort also saw a significant dip.” 1151
SAN FRANCISCO (AP) -- The Transamerica Pyramid, one of San Francisco's iconic buildings, has sold for 0 million, eight months after an sales agreement was reached.The San Francisco Chronicle reports New York investor Michael Shvo, Deutsche Finance America and other investors bought the building from Aegon, owner of namesake insurance company Transamerica Corp.The building, the second tallest in the city, had never been previously sold.The price was initially over 0 million but the deal was delayed amid the coronavirus pandemic.The new owners say they plan to renovate the 1972 building. 606
SANTA FE, N.M. (AP) — A father and his two children helped rescue a man who was stranded in the Santa Fe National Forest for 14 days.John Utsey launched an unexpected two-day rescue mission Saturday after hearing a call for help while hiking with his kids toward the Santa Fe Baldy.Utsey gave the man food and water before hiking back to the trailhead to call 911.Santa Fe firefighters arrived within the hour, but called off the unsuccessful search after eight hours.Utsey then returned to the spot Sunday, called 911 again and led crews to the man.Once the man was located, the Santa Fe Fire Department says its crews built a fire to bring up his body temperature, which was dangerously low. They also fed and gave him water.The department says the man suffered from chronic back pain, injured his back while hiking and couldn’t stand or walk.The man told first responders that his gear stolen and ended up getting lost and disoriented.The man is now recovering at a local hospital. 992
SAN YSIDRO, Calif. (KGTV) — Businesses along the U.S.-Mexico border are bracing for a potential border shutdown, after President Donald Trump tweeted the threat Friday morning."If you get a day or two of closures, then there are a lot of businesses that won’t make it," predicted Jason Wells, the executive director of the San Ysidro Chamber of Commerce.He says, back in November when the San Ysidro Port of Entry was closed for six hours on a Sunday morning, it caused a .3 million economic loss to the businesses in the area.RELATED: Trump threatens to 'close' parts of U.S.-Mexican border if Mexico doesn't halt immigrationAcross the entire southern border, he says there is about billion in commerce every day that could be impacted by a closure.A lot of that impact would be felt on the Mexican side as well."This is a heavy handed ploy to get Mexico to react," commented Wells. 896