LAS VEGAS—Which types of retail properties are most in demand? Which assets have fallen out of favor? Those were a few of the key questions that touched on during a recent capital markets panel here at ICSC RECon. Industry veterans including moderator Patrick Nutt, managing partner of Calkain Cos., Larry Brown, president of Starwood Mortgage Capital, and Michael Phillips, managing principal of Lubert Adler, agreed that retail deals are getting done.
Nutt said that while valuations are peak”ish” the expansion in the retail capital markets sector has really been led by “responsible buying and borrowing.”
Panelist Brown explained that “retail is getting done, but big box can be scary. You have to pick and choose.” When talking about debt yields, he said that “we are doing single-digit now.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
