The New York National Conference is off to a great start with over 7,000 attendees coming together for networking and dealmaking. Jones Lang LaSalle was on hand to speak with some of the attendees. Special thanks to JLL for guest video blogging the latest and greatest from the New York National Conference.
A Retail Portfolio for Christmas?
Unlike year’s past, an extraordinary number of retail portfolios and assets are coming to market before year end due to uncertainty in the 2013 economy. Kris Cooper, co-lead of Jones Lang LaSalle’s retail investment team, discusses this trend along with where the money will come from in the coming year.
DC – A Hotbed of Retail
DC and surrounding markets like Baltimore seem to be immune to the cyclical nature of the economy and continue to prosper. Food concepts such as Pret A Manger are doing extremely well and continue to grow in and around the DC market.
Kris Kringle Comes to Atlanta
Atlanta must be on the “good” list as it had a strong Black Friday weekend and that is expected to continue through the holiday season, according to John Bemis, Retail Market Lead for Atlanta/Southeast region.
Possible Hiccups on the Horizon for Retail
Port strikes coupled with the looming fiscal cliff and Euro crisis could put a damper on retail growth throughout the U.S in 2013., says Michael Niemira, Chief Economist with ICSC. While the sector continues to improve at a slow but steady pace, uncertainty and shallow consumer confidence may detract from the upward momentum gained over the past few years.