LAS VEGAS—Perhaps the greatest takeaway of the now-concluded ICSC RECon meeting in Las Vegas is the sense of quiet confidence I felt and others expressed around the halls. Meetings were serious and intense, several attendees said, especially on Monday when most of the decision-makers were on site. Activity was good well into Tuesday afternoon.

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The great bogeymen of recent conferences—the recession and e-commerce—are either over or being dealt with, some money is available for projects (particularly expansions) though with very tight criteria, and even the possibility of store closings isn't throwing anyone into a panic.

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