LAS VEGAS—In a blockbuster session, high-powered female executives shared their perspectives and visions on all things retail during an ICSC RECON panel in Las Vegas at the Westgate Hotel.

Collete English Dixon, principal, transactions for Prudential Real Estate Investors, believes retail is a lagging property sector. “Retail is in a development stage,” she said. “We have a reasonable runway. There is not much construction and what construction there is, is on land already owned and started pre-recession that was put on hold. We're not half-way through the game.”

Jodie McLean, president and chief investment officer for EDENS countered: “I see the market as active and fluid with pricing hitting pre-recession era rates. The A markets have irreplaceable assets and there is less opportunity there.”