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Regency Knows West

BERKLEY, CA-The REIT finds success on the West Coast, especially California.

By Jennifer D. Duell | Updated on June 21, 2005

BERKLEY, CA-Although Regency Centers Corp. has arobust national development pipeline, the shoppingcenter REIT is focusing much of its activity on theWest Coast, particularly in California. “Ourdevelopment pipeline is very strong in the West,” saysBrian Smith, managing director of investments forRegency Centers. “It’s probably stronger than I’veever seen it.”

Smith spoke about Regency Center’s Pacific Region,which includes California, Washington, Oregon andNevada, during the Goldman Sachs’ Annual RealEstate/REIT Conference and Property Tour. He says thatRegency expects to break ground on nearly $160 millionof new centers this year alone. Next year, the REIThopes to kick off $144 million in new developments.

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