LAS VEGAS-Not everyone at this year's rendition of RECon shared the same degree of enthusiasm over the retail rebound. Those more reticent types, such as Steve Jaffe, executive vice president of GlobeSt.com Thought Leader BH Properties, are moving more cautiously, dipping their toe in, as Jaffe put it. Nevertheless, Jaffe is confident enough to see more buying activity coming, especially in BH's sweet spot, the value-add play. In this exclusive video interview, he describes what he's seeing and:
- Changes in how potential investors see strip centers;
- The stability of a needs-based center; and
- The outlook for the value-add market and retail as a whole.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
