NEWSFLASH: ICSC European Conference Update: This week the retail industry gathers in Istanbul, Turkey for the 2014 ICSC European Conference to examine how shopping centers can innovate, analyze how to meet changing consumer demands and learn about future growth – and after a few delayed flights from the United States, I finally made it!
My arrival flight descended over the rural countryside of Turkey, and then approached the urban areas and city… Read More
Robert Gibson has joined JLL as vice chairman of New York retail brokerage to lead the expansion of the firm’s retail platform in Manhattan, and will be responsible for the growth of retail tenant and agency leasing in the market.
“New York is a vital market for international retailers pursuing entry into the U.S., and for national retailers seeking access to an extremely dense customer base. As retail’s globalization continues and competition
ICSC New York Update: The retail vacancy rate for Madison Avenue in NYC has made some big moves in the past two years, dropping from double digits to below 2.5% as luxury and fashion brands move into the market. This high-street retail location has long been known for stiff competition, not only among consumers vying for the latest haute couture, but also among retailers competing for prime space and limited consumer… Read More
Shopping Centers Today recently noted that international investors are jumping into the U.S. retail real estate market and are seeking two very different types of assets. Big name investors are looking for prime High Street opportunities in select cities and fortress malls, but underneath the ‘A’ properties there is a whole country full of riskier, higher-cap shopping centers, that are attracting a wave of investors targeting higher returns.