The following are some rapid reactions from the floor of the ICSC conference in Boston:
- More attendance than last year.
- People liked going back to the old venue.
- Strong attendance at the "retail runway" - new tenants entering into new england -
- high optimism amongst owners, investors, brokers etc.
- Only negative came from Mortgage brokers who have seen business slow down due to perception interest rates will rise.
- Still lack of product in the Boston metro area.
- Everyone is looking for more listings.
- Lots of activity on the tenant and brokerage side.
- Net lease investors are expanding their criteria due to low supply.
- Lesser credit deals are becoming more acceptable.
- Industrial properties are becoming more popular.
- Even though interest rates may rise soon - the belief is cap rates will continue to compress in the near term.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
