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SAN DIEGO— The ICSC Western Division Conference will continue to show the increased activity around the acquisition of shopping centers by REIT's, as well as more new development being announced. That is according to Sandy Sigal, CEO, founder and president of NewMark Merrill Cos. “The quest for tenants to fill these centers will continue to dominate the conference.”
We chatted with Sigal, among other industry experts who will be attending about what they expect from this year's event. “My sense is you will see a lot more franchise related activity as well as alternate, non-traditional users, be present demonstrating why they are good for centers,” Sigal tells GlobeSt.com. “Also technology will be more on display.”
According to Sigal, “the ecosystem around shopping centers is in the transitional phase which means a lot of the current deal making activity will still exist, but you will see more vendors selling 'game changing' strategies and equipment, different financing mechanisms and more Cities trying to get their piece of the retail pie.”
What will be interesting, he adds, is “to see if there are any real caution lights around the reduction of available, stable retailers, or if the fact that there are a lot of transaction, will over shadow the fundamentals of the internet continuing to eat away at retailer sales.”
Stay tuned for more thoughts from ICSC Western Division attendees regarding their thoughts of what to expect at this year's event.
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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.
