The International Council of Shopping Centers' RECon show is only a couple of weeks away. To gear up for the event, we spoke with Arturo Sneider, a partner at Primestor, a shopping-center manager and developer based in Beverly Hills, CA that specializes in urban areas and the Latino consumer. Sneider will be attending the conference and will do a video interview with GlobeSt.com at the show.

Counter Culture: Is development back in retail? Many say it isn't, but you guys are working on a couple high-profile projects...

Arturo Sneider: I don't see it coming back. We're being very, very selective on sites that we probably won't be able to get a hold of in the future. Since all we do is urban development, the sites we get involved in are very dense. We focus on areas that don't have a lot of competition. When you have those factors played in, those are selective sites. They make news because they're larger sites, but I would agree with the general consensus that development is not back.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.