News
To Have or Not to Have
October 12, 2010
| The haves and have-nots are more than a political talking point. It's the characterization The Weitzman Group managing director Bob Young gives shopping centers. Intrigued? Come to our Oct. 26Retail Summit at the Westin Galleria Dallas. For a preview of Bob's thoughts, read on. | |
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| We snapped Bob (right) with Cencor prez Marshall Mills and TWG’s top dog Herb Weitzman earlier this year in TWG’s offices. Bob’s retail analysis: As simple as it sounds, solid performers continue to be good properties in good locations with good tenants. (Throw in a Sam Goody and Dick's Sporting Goods, and you're golden.) Even with the rough economic cycle and uncertain capital markets, these well-located centers continue to be in demand for retailers and real estate investors. Bob adds: “Since there are fewer of them compared to the total retail inventory, a scarcity premium has helped these properties maintain, and in some cases generate additional rental income growth.” | |
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| Bob says some of the DFW haves, like Highland Park Village are simply good real estate. Another example, The Shops of Southlake, above, with Nordstrom Rack, Central Market, and DSW, take advantage of a great trade area and is always able to retain and grow a good tenant mix. The have-nots, however, are many times the product with inferior locations and weaker tenant rosters; and in many cases the result of liberal financing opportunities rather than real demand and other long-term sustainable qualities. Wanna hear more? Bob will be among the experts speaking at Bisnow's Oct. 26 Retail Summit at the Westin Galleria Dallas. Other speakers, including Haynes & Boone partner Ann Saegert and Weingarten Realty Central Region VP/director Gerald Crump will add their opinions to the mix. Sign up now! | |
