Tuesday, May 30, 2017

RECon RECap: Shopping Center Owners Shift Focus to Capitalize on Recaptured Store Spaces

About 37,000 retailers, retail brokers, investors and other retail professionals gathered in Las Vegas this week for RECon, the industry's largest trade convention, amid a tangible sense of frustration -- not so much about the retail real estate business, which remains uniformly good, but rather over the gloomy headlines and negative narrative regarding store closures and retailer bankruptcies that have dominated recent headlines.

Attendees adopted a defensive stance with a hint of defiance about what many described to CoStar as overblown sense of negativity by news outlets and industry analysts in reporting and dissecting the woes of retailers such as Sears, JCPenney, Macy's and a series of apparel chains and others that have announced closures. . . . more

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