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ICSC_RECon

  1. Sign up has begun for the exam reviews on August 16th at the Florida Conference
  2. We will be transitioning to a new Twitter account: ICSC. Please follow "ICSC" for future updates about the Retail Real Estate industry.
  3. Great Convention! We want to know your thoughts about the meeting and how 2010 can be even better. All comments welcome: sritchie@icsc.org.
  4. Stanberry’s Ray Brunt, at RECon: “We’re all buying time to get to the otherside. We have to work together.”
  5. Tony Gross, COO of Macerich, at RECon: “In a world where things are iffy, quality still rises to the top."
  6. Where are we in the recession? Brad Hutensky, Hutensky Group: "Top of the third inning." Donahue Schriber’s Pat Donahue: "Top of the 5th."
  7. Stanberry’s Ray Brunt, at RECon: “We’re all buying time to get to the other side. We have to work together.”
  8. Recession changed contenancy rules; the same 10 tenants can no longer stick together with limited number of new projects opening, dev. says.
  9. People are hiring! Recon Pavilion received job announcements this week. Check ICSC's webesite for postings, after the convention.
  10. Why not turn that empty pad into a dog park like MGHerring did at its Village at Allen in McAllen, Texas?
  11. Suggestions about how ICSC can more effectively use Twitter at RECon and other meetings? Send comments to Sarah Ritchie, sritchie@icsc.org.
  12. Morgan Stanley's Christ Neihaus said at RECon that industry pros "will learn more in this recession that they ever would on the upside."
  13. Tenants must be current on rent before Weingarten will even consider a rent cut, said an exec at RECon.
  14. Rents in the U.S.-Mexico border region are down up to 65%, off 20-30% in Florida, 30-40% in Phoenix, said RECon panelists.
  15. RECon panelist: When renegotiating leases, eliminate clauses that trigger lower rents if occupancy falls!
  16. RECon panelist: “Construction costs haven't been this low in a long time, so now is a good time to make needed improvements."
  17. Look for X-it Kiosks to participate in on-site Survey about RECon 2009. We want your feedback!
  18. Scott Abbey of Unibail Rodamco, (Netherlands), speaking at the Intl breakfast, says he is looking for retailers wanting to expand in Europe.
  19. Fedex Kinko business ctr. offers coat & bag check for those needing it for travel purposes. Find them in the grand lobby of LVCC.
  20. Jeremy Collins, Retail Director, John Lewis, London UK, says Banks are the largest single holder of retail real estate in the U.K. today.