LAS VEGAS—There is no longer a “build it and they will come” aspect for retail development. So says Christopher Beavor, CEO of CAI Investments. GlobeSt.com visited the CAI Investments booth last week at ICSC RECon and discussed trends in the retail space and how the industry is changing.
Beavor tells GlobeSt.com that he is seeing an increased absorption of retail space for non-traditional medical office and service-related uses. “The large regional and enclosed malls will be refitted or repurposed into medical offices and fitness facilties. You may also see them demolished because many are in valuable infill real estate locations and they could be repositioned into mixed-use apartment/condo spaces.”
He also tells us that over the next five years, due to the consumer demand for immediate delivery of online orders, the retail space of big box companies like Office Max will convert into local distribution centers for one-hour or less delivery points.
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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.
