GlobeSt.com is providing wall-to-wall coverage of ICSC's RECon show in Las Vegas May 20-22. Subscribe to the Retail Ticket for pre-event articles, live video interviews on site and post-conference analysis.
There is a great deal of new and existing retailers executing aggressive “new store openings” nationwide. That is according to Brandon Duff, regional director at Stan Johnson Co., one of the many we spoke with recently about the upcoming ICSC RECon event, held in Las Vegas. Duff tells GlobeSt.com that he looks forward to forward to hearing more about the expansion plans in today's 2018 environment.
When asked how this year's conference would be different than in years past, Duff says that in recent years, most investors assumed a continued low interest rate environment for the foreseeable future. “But now that rates are seemingly on the rise, I anticipate more discussions centered around the capital markets environment and how it might impact investment strategies going forward.”
Naveen Jaggi, president of retail at JLL, tells GlobeSt.com that there is still likely to be a high level of overall activity, but it is vastly different than 12 months ago the last time the industry convened in Las Vegas. “I think we will see a lot of re-tenanting or re-working of existing pads as the recent rash of bankruptcies will likely cast somewhat of a pall on the conference this year.”
According to Jaggi, a main topic of conversation among landlords is likely to be the increased real, or shadow, vacancies that arise as a result of these retailer bankruptcies and how to creatively deal with them. Even so, he expects the mood will be “cautiously optimistic, even in the midst of the less than stellar backdrop, as underlying consumer fundamentals have remained relatively strong through the first quarter of the year.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
