Retail

Retail centers with a grocery anchor where there are large Asian populations could be successfully redeveloped to attract tenants catering to Asian populations, CBRE's Jeffrey Dunne says.

The bulk of the draw at a future shopping center will be interesting, innovative restaurants and service providers like fitness options who need a physical space, says one CBRE source we <b>EXCLUSIVELY</b> chatted with here at ICSC RECon.

The two-story White Building totals 29,042 square feet, split between retail condominium space on the ground floor and an office condominium on the second floor. The second floor office condominium will remain occupied by the White Family Law Firm.

Panelists here at ICSC RECon agree that the extraordinary speed of advancement in technology will disrupt all sectors of retail real estate but note that those to embrace the revolution will prosper.

The redevelopment dovetails with reconfiguration efforts taking place in Hackensack's downtown CBD that will make the district more accessible for live-work-play options being developed there.

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.

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.

And according to Joe Dykstra of Westwood Financial, the brick-and-mortar grocers might be the ones to finally crack the online grocery code.