LAS VEGAS-Vacancy in the retail market here came in at 5% during the first quarter, according to a report released by research firm CoStar Group. Shopping centers' vacancy rates were 6.3%; the general retail sector, which includes freestanding buildings, was at 2.9%; and specialty-entertainment properties posted a 1.3% rate.
CHICAGO-General Growth Properties executives will meet with retailers at this year's ICSC Spring Convention in Las Vegas later this month, primarily to review the chains' activity in the REIT's 200 malls across the country.