NEW YORK CITY—“In the past year, national retailers have expanded rapidly.” So says Ami Ziff, national director of retail with Time Equities Inc. “As a result, we're witnessing robust leasing velocity across the country, specifically in the big-box sector.”
Ziff, who recently took some time to chat with GlobeSt.com as part of our ICSC RECon coverage, says that he expects the trend to continue and be accompanied by steadily increasing occupancy numbers at our retail locations throughout the country.
“Across the board, our national retail portfolio, totaling nearly 3 million square feet, is approximately 91% leased,” he says, “and we are on track to sign 70 deals in 2014.”
Just this year, he adds, “we completed two retail acquisitions totaling 400,000 square feet and are currently in talks to acquire an additional 100,000 square feet.”
Each year, he says, Time Equities Inc. continues to expand by roughly 10% to 15%. “The high-volume of activity in the real estate sector speaks directly to the current strength of the retail market.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
