The ICSC Blog

November 21, 2014
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Thank You For Supporting the ICSC Foundation

With the upcoming U.S. Thanksgiving holiday, the ICSC Foundation would like to acknowledge the ICSC members for making this past year truly successful. Their generosity has allowed the foundation to increase the quantity and the amount of our retail real estate scholarships.

A few works of thanks to the student who were impacted by our member’s generosity:

I am absolutely thrilled and honored to have received this award from the ICSC Foundation. Winning this award has validated my work at the University of Denver and only further ignited my passion and excitement to one day work in the real estate field.

Bertram, Julia DUJulia Bertram
Undergraduate Real Estate Award
University of Denver
Receiving the ICSC Foundation Glenn & Linda Sue Miller Undergraduate Real Estate Award, reassures me that I am on track to completing my dreams.

Culler, Morgan FAMUMorgan Culler
Glenn & Linda Sue Miller Undergraduate Real Estate Award
Florida A&M University
It is with my deepest gratitude that I thank you for such a prestigious award. This instills great appreciation and confidence moving forward within the real estate industry.

Homapour, Michael - BaruchMichael Homapour
Undergraduate Real Estate Award
Baruch College
I appreciate Mr. Franz Fischer and ICSC Foundation for their generosity. Their generosity further proves that the real estate industry fits with my character.

Hyo Bin (Joe) - U WISCHyo Bin Im
Thanks’ Chief, Franz Undergraduate Real Estate Award
University of Wisconsin
From the ICSC Foundation Board of Directors and staff, thank you for allowing us to make a positive impact in nearly 80 students’ and young professionals’ lives.

The ICSC Foundation academic scholarships are currently accepting applications until January 29th. Check out the opportunities for graduate and undergraduate students.

November 21, 2014
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Bigger Speakers, Bigger Venue…Bigger Apple? ICSC New York Deal Making Announces Speaker Lineup


NEW YORK, November 11, 2014 – Expect bigger speakers, a bigger venue, and bigger attendance – all in the Big Apple – at the International Council of Shopping Centers New York National Deal Making Conference, December 8-9 at the Jacob K. Javits Center, New York. Last year’s conference saw an attendance spike of nearly 10% – the largest rise since 2009 – to 7,600 attendees. At the new venue, attendance is expected to increase beyond that to 8,500 this year and the deal making square footage will double.

This year’ keynote lineup is also bigger than ever. Donald J. Trump, chairman and president, The Trump Organization will be the opening keynote speaker on Monday, December 8 at 12:30 pm in the Special Events Hall. A graduate of the Wharton School of Finance, Mr. Trump has achieved success in real estate, sports and entertainment. He is the Emmy-nominated star and co-producer of “The Apprentice” and the “Celebrity Apprentice,” an author of more than 15 bestsellers, and his name is synonymous with some of the most prestigious and recognized properties in the world.

On Monday afternoon at 4:30 four of the titans of the industry will gather on a single panel to deliver the most retail real estate insight per square foot. David E. Simon, chairman and CEO, Simon, Daniel B. Hurwitz, CEO, DDR Corp., Donald C. Wood, president and CEO, Federal Realty Investment Trust, and Kenneth F. Bernstein, president and CEO, Acadia Realty Trust will give some lessons from the trenches. Moderator Courtney Reagan, CNBC retail reporter, will guide the panel through a discussion on strategy and opportunities from the perspective of several different property formats as well as a look at what the future holds for shopping centers.

“This is an important conference for our industry as it is often a harbinger of growth prospects of the year to come – as the conference grows so too does the industry,” Michael P. Kercheval, president and CEO, ICSC. “Right now the industry is in very good shape we are expecting a record turn-out for this year’s show, which bodes very well for the upcoming holiday shopping season and the year ahead,” he added.

Need an update on where the capital is flowing in NYC and beyond? In a special panel conducted by the Wall Street Journal, moderator Etienne Katz, vice president of global sales for The Wall Street Journal, will lead a discussion on the properties that are currently taking shape and are of top-of-mind for the industry.

To register, or for more information visit

Join the conversation, follow @ICSC on Twitter and use #NYConf

November 7, 2014
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A Tale of Connection & Conversation in NYC

sarah hill at ICSC

By Sarah Hill, MBA Student, Baylor University

I’m still in graduate school, but I’ve already learned how important networking and connections can be in the fields of retailing and real estate. For years, my undergraduate alma mater, Union University in Tennessee, has been visiting ICSC each fall when we participate in a study tour and advertising conference in the Big Apple. Now an MBA student at Baylor—again participating in a class trip to New York—I called ICSC for help in scheduling required interviews, an assignment connected with my studies. As an ICSC student member, I knew I could count on help from the association in connecting with women retailers for some in-person interviews, while in New York.

With the help of ICSC’s Leadership Development Department and my old friend Sarah Ritchie, I was able to visit with three women offering unique perspectives on marketing and retail developments: Denise Adrian, Vice President, Marketing, ICSC; Jeanine Rogan, Vice President- Merchandising, Theory; and Elise Jaffe, Senior Vice President, dressbarn, and ICSC Past Trustee.

James Mammarella, Managing Editor of VRN, one of ICSC’s publications, connected me with his friend and colleague Jeanine Rogan, for my first meeting. Ms. Rogan described her approach to marketing at Theory, the women’s clothing line. She explained the growth of the brand, as well as her vision for its future, particularly their new emphasis on accessories and handbags. (I can’t wait to get my hands on the new fall line!)

At ICSC, Denise Adrian discussed the unique challenges and opportunities in marketing for an association, representing 67,000 members worldwide. She described the way that ICSC caters to its target market, including members from across the retail real estate spectrum. ICSC works to understand the way that the retail real estate industry is evolving, always working to provide the most useful information to its members in the most user-friendly, accessible format.

(Full disclosure: at this point in the day, I went across the street from ICSC’s headquarters in the McGraw Hill building to the famed Magnolia Bakery and purchased banana pudding for sustenance. I got a medium!)

My third and final meeting was with the exciting and inspiring Elise Jaffe, whose family started dressbarn, with one store in Connecticut. I cannot express how kind and genuine she is. I felt so fortunate to have had the opportunity to speak with her, so I invited one of my classmates to join me. We met Ms. Jaffe at a Belgian café and chatted for over an hour. She really conveyed the vision of dressbarn and its goal of helping women feel beautiful—on a budget. In every way, the company strives for excellence: doing well, while doing good.

All in all, I’m incredibly grateful for these opportunities to learn from women in the industry. I am one happy marketer. And, to ICSC, I say thanks for making this possible.

October 24, 2014
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ICSC’s Next Gen Comes Together for Next GENerosity

Seattle NGW

45 events all across North America
Over 3,250 participants
All coming together to network for a cause

As Next GENerosity week comes to a close, congratulations go out to the Next Generation community and its committee leadership for an incredible campaign. For the past year, Next Gen and the ICSC Foundation have been collaborating on the Next GENerosity campaign which culminated (in Next GENerosity Week. Each local Next Gen committee was challenged to host a program this past week. The ultimate goal was to promote and encourage social responsibility.

The Next GENerosity campaign has given the entire Next Gen community a unique opportunity to work together for the greater good of the industry and so support the industry’s charitable organization, the ICSC Foundation. They recognized that Next Gen-ers have the most to gain from a vibrant, growing shopping center industry and the ICSC Foundation is the only charitable organization dedicated to strengthening the global retail real estate industry as a whole.

The 45 events varied from traditional speed networking and panel discussions to the less orthodox go-kart racing and bowling. At the MA/NH/RI Next GENerosity event 18 donated prizes were raffled off to participants and they raised $1,700 for the ICSC Foundation. The dollars are still being tallied, but it looks like Next GENerosity will contribute over $20,000 to impact the ICSC Foundation and their real estate scholarship programs.

“Thanks for the opportunity. I wanted to get involved with Next Gen for some time and things have really gotten off to a great start! I’m very much looking forward to my continued involvement with the organization.”
Seth Marks
Goodman Real Estate Services Group LLC
Cleveland, OH

The 2015 Next GENerosity Campaign is already in the works. Let’s make an even greater impact with more engagement and more events. Congratulations and thank you to the entire Next Generation!

October 17, 2014
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Celebrating One Year of #MindfulMalls


Thanks to all who sent us what you're doing for your communities! Keep the photos & videos coming! #MindfulMalls #ICSCFoundation #ICSC #RoundTwo @AtlanticStation @ShopCapCentre @mvdshopping

View on Instagram

Last year the ICSC Foundation launched #MindfulMalls, a Twitter campaign to promote and recognize the incredible generosity and community spirit within the shopping center industry. They were inspired by all the ways, big and small, that shopping centers positively impact the community locally and globally.

Well it is clear that our malls and shopping centers are being mindful. We have had just about 500 #MindfulMall tweets that have led to 3 million impressions worldwide. Thank you to all the centers committed to enhancing their neighborhood and the world.

#MindfulMalls campaign is part of the ICSC Foundation’s mission to honor and encourage community outreach within our industry. The ICSC Foundation already awards shopping centers from around the globe for their charitable efforts with the Community Support Awards.

Do not forget to tweet using #MindfulMalls when your center is planning your next canned food drive, raising funds for charity or anything that shows the community work of our industry.

October 15, 2014
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Q&A With US Law Conference Speaker Scott Fisher

ScottFisherTell us about yourself and what you do.
I’m a partner in the real estate group at Arnall Golden Gregory LLP in Atlanta and just celebrated my 35 year anniversary at the firm. During that time I’ve represented owners and developers of virtually every type of commercial real estate and have negotiated countless purchase agreements, loan documents, leases, and joint venture agreements. I pride myself on looking at legal issues from a practical deal oriented perspective.

What will you cover at your 2014 Law Conference General Session and what should people expect to learn?
Our session will look at issues arising in the negotiation of joint ventures in real estate transactions. We have a panel with transactional experience representing the promoters/developers and the equity sources in joint venture negotiations. We also have a litigator to give a perspective on pitfalls to avoid.

What is your favorite social network to use and why?
Did I mention I’ve been practicing law for 35 years. While I’m on twitter and LinkedIn, I’m not a heavy user.

What is your favorite Business or Personal mobile app to use and why?
LinkedIn-It’s an excellent networking tool.

How can people reach out to you on social media?
Probably by LinkedIn or Twitter, but more realistically by good, old-fashioned email.

What is your best advice for First Timers and/or Next Gen attendees at the 2014 Law Conference?
Use the ICSC to build relationships and to become part of the industry. Also take advantage of educational opportunities offered by the sessions. There is probably no better place to learn about issues that arise the industry. It’s a great resource and a foundation that can be used to build a successful practice.

October 14, 2014
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Q&A With US Law Conference Speaker Lee Samuelson

Lee SamuelsonTell us about yourself and what you do.
I am a Partner in Hogan Lovells Real Estate practice. I help clients in structuring and executing the full spectrum of real estate transactions, with a particular focus on Shopping Centers over the years. My clients include public and private owners, developers, lenders, and investors.

My background includes transactions involving trophy properties, shopping centers, regional malls, hotels, office buildings, senior living facilities, and mixed use developments. Prior to joining Hogan Lovells I worked in real estate law at another prominent New York City firm.

What will you cover at your 2014 Law Conference General Session and what should people expect to learn?
My session is about the importance of drafting and negotiating real estate joint venture agreements (PLUG: Join us on Friday, October 24 at 10:30 am for our presentation: Winter is Coming- Will Your Joint Venture be Ready When the White Walkers Cross the Wall? ). I am looking forward to an interactive session where we can learn from each other’s experiences. Specifically, the panel will cover issues to focus on when drafting a joint venture agreement when things start to “head south.”

What is your favorite social network to use and why?
My firm is extremely active in social media, particularly LinkedIn. Our marketing department encourages our lawyers and professionals to both join LinkedIn and actively engage on the site. LinkedIn is an easy and convenient forum for not only connecting with clients, friends, colleagues, former colleagues, and others in my network, but also makes it easy for a person looking for someone with my skills and experience. Plus, LinkedIn provides a platform for my firm, and my colleagues, to share valuable insights and thought leadership with a targeted wider audience, whether through the Groups pages, or our Company page.

What is your favorite Business or Personal mobile app to use and why?
My favorite app is absolutely Google maps. It is so much more than providing directions. I know exactly where I am at all times, and the app enables me to find places and services anywhere in the world. But the best feature, without a doubt, is the traffic information. The color coded traffic condition system is genius.

How can people reach out to you on social media?
Hogan Lovells is among the most active leading global law firms on social media. Follow the firm on Twitter (@HoganLovells) and connect with us on LinkedIn ( and You can also connect with me personally on LinkedIn.

What is your best advice for First Timers and/or Next Gen attendees at the 2014 Law Conference?
The best advice would be to go with an open mind and network. Meet as many people as you can and attend a session that may be something that you are not familiar with, they are always interesting, and you never know what you might pick up.

October 13, 2014
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Q&A With US Law Conference Speaker Kevin Shepherd

KevinShepherdTell us about yourself and what you do.
I’m a farm boy from Kansas who now practices commercial real estate law in Baltimore. I handle transactions for pension funds, REITs, and institutional investors (both regionally and nationally), and have the good fortune to work with the top talent in the industry. When not representing my clients, I spend time working through the ABA and other groups domestically and internationally to fend off the federal regulation of the legal profession in the money laundering and terrorist financing realm. It may strike some odd that a real estate lawyer would be involved in this effort, but there have been relentless and aggressive efforts by the federal government to impose anti-money laundering and counter-terrorist obligations on the legal profession, and I have been at the forefront of this effort for the last dozen years. That activity allows me to help the legal profession in a meaningful, tangible manner. In my “spare” time, I like being outdoors playing the role of a gentleman farmer (e.g., clearing brush and mowing meadows) and getting back to my Midwest roots, so to speak.

What will you cover at your 2014 Law Conference General Session 5, “Breaking Bad: The Ethics of Dealing with Challenging Clients,” and what should people expect to learn?
We will be discussing how to manage and deal with difficult clients (is there such a thing? Yikes!). Younger lawyers are sometimes asked to represent difficult clients, such as those who engage in bullying tactics that may lead to ethical dilemmas. We hope to provide practical tips on how to manage these types of clients, ethically and otherwise.

What new technologies are you excited about and why?
I chair our firms’ finance committee, and I have an obsession with technologies that allow me to drill into fee arrangements so that we can better understand fee dynamics. I like to employ quantitative analysis to fee arrangements so that we can measure them from different dimensions. Most eyes glaze over when discussing this topic, but I don’t know how we can respond to client fee demands without a thorough understanding of cost structures and techniques to manage transactions.

What is your favorite social network to use and why?
LinkedIn in simple to use and it allows me to keep in touch with colleagues from around the country. Simple is better—for me.

What is your favorite Business or Personal mobile app to use and why?
I like flightradar24, which allows me to track flights flying over my office in downtown Baltimore. Most of the flights are heading to Europe and the Middle East in the afternoon and evening. OK, I know it’s geeky, but it’s a good app to use while daydreaming out the window. It’s amazing what flies over your head on a daily basis! I often wish I were on one of those flights heading somewhere exciting (or not).

How can people reach out to you on social media?
Please connect with me on LinkedIn so that we can get in touch.

What is your best advice for First Timers and/or Next Gen attendees at the 2014 Law Conference?
Soak it in and engage. Make sure to attend the roundtables and get engaged by asking questions and contributing to the discussion. Participation is the key.

October 10, 2014
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Q&A With US Law Conference Speaker Aubrey Waddell

Aubrey WaddellTell us about yourself and what you do.
I wear a number of hats. I spend my workdays negotiating global real estate outsourcing contracts for JLL, and managing claims that inevitably arise out of those services. I also do a fair amount of compliance and ethics training for our firm. When I’m not working for JLL, I’m a social secretary, chauffeur, fundraiser, tutor, stylist, decorator, and party planner for the Waddell family. I’m fortunate to have work that I enjoy so much.

What will you cover at your 2014 Law Conference General Session 5, “Breaking Bad: The Ethics of Dealing with Challenging Clients,” and what should people expect to learn?
Kevin Shepherd and I will explore the ethical nuances associated with difficult clients. We hope to provide real-world guidance for handling situations where a client might push the legal or ethical bounds of your engagement.

What new technologies are you excited about and why?
I’m impressed by all of the recent advances in sustainability. At JLL, for example, we’re leveraging technology to help minimize the significant impact real estate can have on the environment. It used to be that environmental friendliness was expensive. But now, technology is allowing us to save costs while simultaneously preserving and protecting resources. That’s powerful stuff.

What is your favorite social network to use and why?
I could never choose a single favorite! Facebook is the best for personal networking, LinkedIn is all professional, and Twitter is a mix of both. I can find out what’s happening with friends and family on Facebook, business connections on LinkedIn, and the rest of the world by a quick review of my Twitter feed.

What is your favorite Business or Personal mobile app to use and why?
I’m a shopaholic and a serial renovator. Pinterest is my guilty pleasure.

How can people reach out to you on social media?
LinkedIn is the easiest way to find me, and I hope you will! My twitter handle is @AubreyWaddell, but I’m not an active tweeter.

What is your best advice for First Timers and/or Next Gen attendees at the 2014 Law Conference?
Try to schedule yourself a bit. Review the attendee list before you come, and set up informal meetings with lawyers you’ve worked with previously or with whom you have connections in common. Also, don’t miss the first timers/NextGen reception, where everyone will be looking to make new friends.