News
What's Happening at ICSC
May 22, 2012
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| We're on the ground in Vegas for ICSC's RECon. It's where we snapped Marcus & Millichap CEO John Kerin and National Retail Director Bill Rose, with whom we had a chat about national retail trends. The short version: things are looking up. There's going to be an uptick in buying and selling retail properties in greater Charlotte, according the latest report on the market by investment specialist Marcus & Millichap. Mutli-tenant retail transaction velocity will pick up this year as out-of-state owners sell stabilized shopping centers and risk-averse buyers target single-tenant properties. Institutional operators looking to reposition assets will list performing shopping centers with national anchors and solid tenant roster at cap rates near 7.5%. | |
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| You might not think politicians are popular, but this ICSC panel of former Senators Tom Daschle and Trent Lott attracted 1,200. And the crowd wasn't carrying placards and chanting anti-globalization slogans, either. |
