ICSC 2014

The Dirt on ICSC’s RECon

rgb_-Las vegas- by Moyan Brenn4

ICSC RECon is sprawling and frenetic enough to test the nerves of grizzled veterans and wide-eyed first timers alike. Commercial Observer picked up some expert advice on the event that hopefully came in handy for those now leaving Las Vegas.

Chase Welles, SCG Retail

Strategy: “I’m almost completely booked with existing clients and solidifying current deals and will take a look at new ones. I also make it my business to go to Lotus of Siam. It’s the best Thai restaurant in the country.”

Trend prediction: “Sunday of ICSC is the new Wednesday.” Read More

ICSC 2014

SCG Retail’s Chase Welles Talks Whole Foods, RECon and Tinder

Chase Welles of The Shopping Center Group5/13/14

Retail pro Chase Welles is a man with a mission. The executive vice president of SCG Retail represents some of the biggest tenants—Whole Foods, Kohl’s, LA Fitness—and is always looking for new locations for them. He and David Firestein owned Northwest Atlantic until a couple of years ago when the company merged with the Atlanta-based Shopping Center Group. Today, the duo owns 90 percent of what became SCG Retail, the Shopping Center Group’s New York division. On the week of the International Council of Shopping Centers’ RECon in Las Vegas, Commercial Observer sat down with Mr. Welles in his Columbus Circle office to chat about his Williamsburg Whole Foods deal, Tinder and boating. Read More

Postings

The Best Booths At Last Week’s ICSC RECon

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Las Vegas is the desert, and RECon is a tent city.

As 35,000 registered attendees at the annual global retail real estate summit flooded the Las Vegas Convention Center last week, a few of the roughly 1,000 exhibitor booths stood out.

After the jump, a sampling of the booths that had guests reeling, as well as photos from the
convention floor and the event last week in sunny Las Vegas. Read More

ICSC 2013

NYC Retail Heat Map

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New York retail comes in sizes large and small, from spaces of only a few hundred feet in Soho
to the city’s massive department stores. As developers continue to find new parcels of land to build upon, new opportunities for retail take shape.

Downtown continues to be repositioned as a retail destination with Brookfield Place, One World Trade Center and the redeveloped South Street Seaport expected to house hundreds of thousands of square feet of shopping space. Not to be outdone, Herald Square is looking at a repositioning, aimed not at discount stores but full-priced international retailers.

After the jump, The Commercial Observer pinpoints 10 retail trends impacting New York City. Read More

Gentrification Watch

7-Eleven Expansion Riles East Village Neighbors

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When The Commercial Observer spoke with Ken Barnes last month at the International Council of Shopping Centers, the senior director of northeast regional development at 7-Eleven laid out bold plans for the convenience chain’s continued expansion throughout Manhattan.

“We can’t open more New York locations fast enough,” Mr. Barnes said. “Every neighborhood is a target.” As the company hopes to add 100 more Manhattan locations to its 32 current outposts across the borough, one neighborhood isn’t taking the bullseye on its back lightly.

Alphabet City is fighting for its right to shop at independently-owned 24-hour destinations for late night beer and hygienic product runs. Read More

ICSC

ICSC: Lessons Learned and Shopping Hotspots

Adelaide Polsinelli, senior director at Eastern Consolidated

The International Council of Shopping Centers’ (ICSC) New York conference is over. Meetings were held, retailers were courted, flirtations between players crackled with possibilities. The Commercial Observer asked three experienced New York brokers what they learned at the conference and where the city’s retail hotspots are. This is what they said…

West Side Story

“With Read More

ICSC2012

Retail Redux: Robert K. Futterman on ICSC, Hurricane Sandy and More

Futterman for web credit Daniel M. WEiss

In the merely 13 years since its founding, the retail real estate brokerage Robert K. Futterman & Associates has been responsible for $20 billion worth of transactions. The firm’s chairman and chief executive, Robert K. Futterman, has helped tenants and landlords sign the dotted line on $10 billion worth of deals while making his company a presence in New York, Las Vegas, Los Angeles, New Jersey and San Francisco.

Mr. Futterman spoke to The Commercial Observer as he wrapped up prep work for the International Council of Shopping Centers’ chaotic New York conclave, sharing his thoughts on the past year and future of retail real estate, the rebound from Hurricane Sandy and Downtown’s increasingly amorphous boundary. Read More

ICSC2012

Five Must-Attend Events at ICSC

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Each year when the International Council of Shopping Centers rolls into New York, retail real estate’s most recognizable faces line up to speak on dozens of panels and forums. To make things easier, after the jump, a look at five must-attend events on today’s schedule. Read More

Power Broker

The New Math: Michael Lehrman on his plan to introduce derivatives into New York City’s otherwise staid rental market.

Michael Lehrman.

Michael Lehrman thinks the commercial real estate services business is completely staid, calcified, old-fashioned.

He doesn’t use those words specifically. He’s a little more eloquent. He’s a Wall Street man now, and to him it’s practically laughable when major real estate services firms claim to be cutting edge when the heart of their analytical capacity is still rooted in the decades-old practice of collecting troves of market data and organizing them into endless charts in order to divine tomorrow’s market conditions. Read More

RECon: Las Vegas

World Trade Center Retail Operator Westfield Gives Vegas Presentation

Early renderings of WTC space.

Westfield, the mall developer that has entered into a $600-million deal to operate and lease more than 350,000 square feet of retail space being built at the World Trade Center, quietly unveiled plans for the much-awaited retail development to select real estate brokers and potential tenants at the annual ICSC retail conference earlier this week, several sources told The Commercial Observer. Read More