ICSC's RECon show is coming to Las Vegas May 18th - 21st
The ICSC RECon show is coming to Las Vegas again this year. Here are some facts about the show:
* Over 50,000 industry professionals attend the ICSC's RECon in 2007 representing:
-Owners/developers: 42%
-Retailers: 33%
-Financial and investment institutions: 10%
-Economic development agencies and municipalities: 6%
-Architects, design and construction: 5%
-Suppliers: 3%
-Others: 1%
* Attendees represent approximately 51 countries from five continents.
* ICSC's RECon contains three components:
* Industry educational sessions (Sunday through Wednesday).
* Trade exposition featuring the latest and most innovative products and services (Sunday-Wednesday)
* Leasing mall featuring 1,300 of the world's leading owners, developers, retailers, brokers, economic development agencies, municipalities, financial institutions and lenders for networking and conducting business (Monday through Wednesday).
* ICSC's RECon is one of the largest conventions in North America.
* ICSC's RECon is the largest gathering of retail real estate professionals in North America.
* The Trade Exposition occupies 240,000 s/f.
* The Leasing Mall encompasses 2.0 million s/f.
* ICSC's estimates that approximately 50% of the retail real estate industry's shopping center leases are signed or conceived during the RECon.
For more information visit ICSC's RECon website at www.icsc.org.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.