News
BIG BOXES BACK
March 24, 2011
| Suburban retail is coming back to NYC—the big boxes who lost out on the market due to aggressive pricing in ’06 and ’07 are now on the ground for space again, says CBRE EVP of global retail servicesDavid LaPierre, who will be speaking at Bisnow’s NY Retail Summiton March 31. |
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| Stores like Petco, Party City, and Staples, once only found in the 'burbs, are either expanding existing locations or looking for new space in Manhattan, David tells us. Rents are now more palatablethan they were at the height of the market, and deal structures are more favorable, with perks like TI allowances and cash contributions attracting these tenants to sign. But they’re not the only tenants expanding. Learn more from David and Thor Equities CEO Joseph Sitt, Robert K Futterman & Associates EVP Karen Bellantoni, DLC Management Corp CEO Adam Ifshin, Kimco prez of Mid-Atlantic and Northeast shopping center regions Tom Simmons, Madison Capital founder Richard Wagman, FTI Schonbraun McCann Group senior managing director Jahn Brodwin, and Cole Schotz real estate chair Richard Abramson as they discuss the latest in the hot sector. Great schmoozing too! Register here. |
