SAN DEIGO—“Values are at historic levels, although buyers are getting much more selective.” That was according to NewMark Merrill CEO Sandy Sigal.
GlobeSt.com was in attendance at the firm's party following Wednesday's ICSC Western Division and Deal Making conference, where Sigal noted that “the climate in retail is schizophrenic.”
Sigal explained that interest rates are at all time lows, but banks are touch lenders in this environment, and insurance companies are out of money for the year. “And the number of tenants in the marketplace has dramatically been reduced by either consolidation, bankruptcy or just a desire to let same store sales get some momentum. In our world, that means owning the No. 1 center in each market, supporting our tenants with technology and marketing and making sure our communities and shoppers feel welcome.”
Keep checking back with GlobeSt.com for more retail coverage from the event.
SAN DEIGO—“Values are at historic levels, although buyers are getting much more selective.” That was according to NewMark Merrill CEO Sandy Sigal.
GlobeSt.com was in attendance at the firm's party following Wednesday's ICSC Western Division and Deal Making conference, where Sigal noted that “the climate in retail is schizophrenic.”
Sigal explained that interest rates are at all time lows, but banks are touch lenders in this environment, and insurance companies are out of money for the year. “And the number of tenants in the marketplace has dramatically been reduced by either consolidation, bankruptcy or just a desire to let same store sales get some momentum. In our world, that means owning the No. 1 center in each market, supporting our tenants with technology and marketing and making sure our communities and shoppers feel welcome.”
Keep checking back with GlobeSt.com for more retail coverage from the event.
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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.
