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ICSC Event Finds Retailers, Landlords in an Optimistic Mood

CHICAGO—The Chicago Deal Making conference had an energy level that was reminiscent of pre-recession days.

By Brian J. Rogal | Updated on October 24, 2016
chi-Havdala (3) Mike Havdala, senior vice president of retail brokerage for Chicago-based HSA Commercial Real Estate.

CHICAGO—As reported in GlobeSt.com, last week the International Council of Shopping Centers held its Chicago Deal Making conference at Navy Pier. The two-day event was well-attended, and participants tell GlobeSt.com that the energy level was reminiscent of pre-recession days.

“It was an active show with an optimistic feel,” says Mike Havdala, senior vice president of retail brokerage for Chicago-based HSA Commercial Real Estate. His take is that even though the market may not see much new construction, many owners are interested in repositioning the properties they do have in strong trade areas.

New construction is unlikely at this time partly because many in the sector are still worried about how in recent years the market lost whole classes of retailers. Video rental and record stores, for example, are finished, Havdala says.

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