Find in the news:
BY COUNTRY

Experts At RECon 2017 Offer Insight On Industry’s Hot Topics



Proactive industry leaders are looking ahead and sharing the things they are seeing.
As industry leaders continue to gather in Las Vegas for the International Council of Shopping Centers RECon 2017, there seems to be even more interest than usual in what industry leaders have to say about the state of the industry. Those that were hoping for some positive signs from the show have been pleasantly surprised with the overall optimistic tone being displayed by attendees, and that makes it pretty clear that all the doom and gloom stories have been fairly overblown. As NREI explains, proactive industry leaders are looking ahead, and they’re not shy about sharing the things they are seeing.

ICSC Recon artists, Source: NREI
Image: NREI

There have been plenty of questions making the rounds about what the contraction in the retail sector will mean for rents as a whole. While there may be some leveling out for a little while, the general expectation is that any slight downturn will not become a long-term trend.  

“Rents going down on Madison and Fifth [in New York City] is maybe a sign of what’s to come,” said Michael Weiner, president of Excess Space Retail Services.  “I think we’ll have a softer landing than maybe what some people have in their minds.”

“Today our portfolio is better positioned than ever and our balance sheet is better than it’s ever been,” notes Katie A. Reinsmidt, executive vice president and chief investment officer with regional mall REIT CBL & Associates Properties. 

On the investor side, there is a sense of caution in the air, but that’s true of virtually every market that is not currently in the midst of a bubble. 

“I haven’t had a landlord in the past six months who was willing to take a firm stand on [space] recapture,” said Michael N. Hirschfeld, co-lead of the national retail tenant services group with JLL.

“There are value-add buyers who are opportunistic, but they are being very selective,” according to Ryan Imbrie, managing director and retail product council chair with brokerage firm SVN.

Add it all up, and industry leaders are overall optimistic about the future, but they note that some caution is prudent while some of the larger retailer contractions play out. 

“But we are more cautious pricing-wise,” noted Jeffrey S. Edison, principal and CEO of Phillips Edison & Co.“Everyone is looking around and saying ‘If we have further deterioration in the anchor space, who’s going to replace it?” Edison added. 



YESTERDAY, United Kingdom:
Anonymous buyers offered for the asset a record sum, five times the annual revenue of department stores.
Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
Friend
and Follow
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us