- John McNellis, co-founder of Palo Alto, Calif.-based development firm McNellis Partners, whose firm invests in shopping centers in addition to office buildings, noted that the retail sector would be experiencing its current challenges whether it was facing the threat from Amazon and other e-commerce sites or not because of the oversupply of retail space in the United States. “Even the best retailers are shrinking,” he noted. McNellis predicted that as chains including Sears, Kmart and J.C. Penny continue on their inevitable decline, Amazon may invest in one of them as a distribution channel, similar to the deal it made with Whole Foods.. . . more
Thursday, October 26, 2017
10 Takeaways from the ULI Fall Conference 2017
Here are 10 takeaways from Tuesday's sessions.