Seven takeaways from the ICSC RECon Show 2017, day one, By Elaine Misonzhnik, NREIOnline.com
“The retail real estate industry is undergoing a permanent change, driven by a shift in consumer preferences and the excessive amount of retail space per person in the U.S., according to the attendees of ICSC’s RECon 2017 show in Las Vegas. While the floors of the Las Vegas Convention Center were filled with activity on Monday, the prevailing mood at the show was one of caution on multiple fronts, including leasing, investment sales and development.”
Atlanta retail’s mixed signals heading into ICSC’s big show, By Jarred Schenke, Bisnow
“The spike in retailer shutterings and bankruptcies may cast a pall over what is the biggest retail networking shindig of the year next week in Las Vegas. Some Atlanta retail brokers and professionals interviewed say the news of bankruptcies — from JCPenney to Rue21 most recently — could have a chilling effect on leasing demand during the International Council of Shopping Center’s RECon, which starts May 22.”
Retail property insiders: Headlines of store closures, bankruptcies don’t tell full story, By Randyl Drummer, CoStar
“Industry leaders at the annual RECon conference in Las Vegas cautioned against judging all retail properties by the gloom and doom generated by a rash of store closures and retailer bankruptcies that have dominated the headlines in recent months.”
John Hancock, CRG unveil 1-million-square-foot Atlanta logistics project, By Keith Loria, Commercial Property Executive
“This is the first of a 311-acre development designed for more than 4.5 million square feet of industrial buildings and when finished, the multiple phase business park will offer the flexibility to meet large industrial needs. According to Chapman, there’s a lot of opportunity for development in the area and he expects another 4 or 5 buildings.”
Cities need to build more sustainably to lower housing costs, reduce flood risk, By Leslie Braunstein, Urban Land Magazine
“Cities are recognizing the risks associated with rising water levels, natural disasters, and potential epidemics. Sustainability is now an accepted part of the development ‘ethos’ in real estate, along with increased efforts toward urban resilience. During ULI Washington’s recent Real Estate Trends event, panelists discussed the business case for employing sound methods and practices to create healthier, safer building environments.”
Macauley may revive Tucker movie studio plan, By Jarred Schenke, Bisnow
“The $300 million redevelopment has gone through various iterations as Macauley has attempted to convince Tucker city officials to grant it a rezoning from industrial to mixed-use since last year, each time meeting with some resistance from nearby residents over concerns on traffic and sewer impacts.”