MIAMI—The capital markets are morphing but where do we go from here? Where will be we be six months from now? We caught up with Glenn Cohen, CFO of Kimco, to ask him for his perspective through the retail lens.

GlobeSt.com: How have the capital markets changed in the past 12 months and how are they likely to change throughout the course of the year?

Cohen: We have seen a pretty tremendous compression of spreads in the past year. In fact, we've seen close to a 100-basis-point compression in spreads and not much of an increase in overall Treasuries. Borrowing costs have come down and it goes back to the strengthening of many companies' balance sheets and the sheer amount of capital that has come into insurance companies and pension funds.