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Panelists during the capital markets panel at ICSC's RECon event here in Las Vegas say that while valuations are peak”ish”, the expansion in the retail capital markets space has really been led by responsible buying and borrowing.
San Francisco has one of the most evolved markets for flex space compared to other global cities, however, the number of flex centers is still relatively limited compared to New York and London.
“What's so exciting is this is all about to emerge. It's like electricity in this industry. This is going to be transformational,” said Colliers International's head of innovations.
“The deal represented a value-add opportunity for the purchaser to obtain higher rents by upgrading kitchens and baths," says Kislak's Robert Holland. It's the fifth time Kislak has brokered a sale of the properties.
Hartman Simon attorney Jeremy Cohen catches up with GlobeSt.com at ICSC's RECon event to discuss three key factors at play when developing a center from a retail standpoint.
During the first quarter of the year, job growth, energy-related activities and import/export trade all boasted positive grades, with Houston appearing poised for recovery amid 12 months of 63,600 new jobs.