ICSC Archives

Phoenix-Based Vestar earns gold From ICSC

by in AZRE Magazine | Newsmakers

Vestar, one of the leading privately held real estate companies in the western United States, was a winner of a 2017 U.S. MAXI Award from the International Council of Shopping Centers (ICSC) at the organization’s RECon 2017 conference in Las Vegas.  Vestar received a Gold Award in the Traditional Marketing category for its “Shop &… Read More →

Levrose Commercial Real Estate expands retail team

by in AZRE Magazine | Newsmakers

Levrose Commercial Real Estate/TCN Worldwide announced the expansion of its retail team with the addition of veteran retail broker Danielle Davis. Danielle originally joined Levrose Commercial Real Estate in 2007 to focus on Landlord and Tenant Representation in Downtown Scottsdale. She rejoins the Levrose team to focus on Landlord representation valleywide. She joins Peter McQuaid,… Read More →

ICSC: Surfing the Omni-channel

Downtown Phoenix Shopping

When web-based shopping gained popularity over the last two decades, spearheaded by the likes of Amazon and major retailers’ internet storefronts, the imminent demise of brick-and-mortar establishments seemed likely. War was declared between bricks and clicks. The win-lose conversations are fading into the background as researchers suggest a more symbiotic relationship between the two. Stores… Read More →

Developing Leaders of NAIOP set agenda

by in AZRE Magazine | Events | Featured | Networking

The 2015 NAIOP Arizona Developing Leaders’  calendar features educational events, a day at the ballpark and teaming up for Pat’s Run as part of its philanthropic endeavors. Highlights include: • Mix and mingle with the best and brightest young professionals in commercial real estate at the DL spring training game and mixer March 6 at Salt… Read More →

ICSC RECon 2014: Retail poised for expansion

The 2014 ICSC event in Las Vegas has successfully wrapped up, and initial reports are that the retail industry is poised for continued expansion. The attendance was up from last year with the attendee count reaching close to 40,000. Having experienced the last 5 years of our annual convention during the economic downturn, this year… Read More →

RECon 2014 to address retail market trends

The good news for the Metro Phoenix retail market as 2013 ended was that net absorption topped 3 million square feet, up from 2.7 MSF in 2012. Some of that momentum has carried over as vacancy in the Valley in 1Q 2014 declined 70 basis points over the same period last year to 10.3 percent.… Read More →

The Magic’s in the Makeup: The Shopping Centers of the Past Are the Future

From fresh paint to new market positions, shopping centers are pumping in deferred dollars to greet the returning retail dollars. “When things stay the same, that’s scary,” says Stan Sanchez, president and partner of De Rito Partners, about the shift in the Arizona shopping center marketplace. “There’s no doubt that location, location, location is still… Read More →

ICSC Member Profile: Traci Russell

by in AZRE Magazine | Business News

Traci Russell VP of Brokerage and Retail Services CBRE Years with company: 2 Years as ICSC member: 12 What is the biggest issue facing shopping center real estate? Some of the major issues shopping centers face today are lack of new tenant concepts, rightsizing of prototypes, storefronts and reconfigurations. While this list might look long… Read More →

ICSC Member Profile: Matt Morrell, De Rito Partners

by in AZRE Magazine | Business News

Matt Morrell VP of Leasing De Rito Partners, Inc. Years with company: 10 Years as ICSC member:  6 What is the biggest issue facing shopping center real estate? The big question mark is still the economy and public policy. Small businesses are the heartbeat of the shopping center world – the mom and pops. When… Read More →

ICSC Member Profile: Jim Edwards

by in AZRE Magazine | Business News

Jim Edwards Senior Associate Velocity Retail Years with company: 1 Years as ICSC member: 7 What is the biggest issue facing shopping center real estate? While the Phoenix market is improving, vacancy rates are declining, and leasing activity is up, we still have an abundance of vacant big boxes. More than 275 big boxes are… Read More →

ICSC Member Profile: Mary Ridberg, Sperry Van Ness

by in AZRE Magazine | Business News

Mary Ridberg Director of Leasing Sperry Van Ness Years with company: 6 Years as ICSC member: 9 How have consumer attitudes affected the retail market? As consumer confidence returns, the retail market demand increases, urgency for locations increase, leasing volumes increase and vacancy decreases. The tipping point in this equation leads to the need for… Read More →

Jon Cowen Joins SRS Real Estate Partners

by in Newsmakers

SRS Real Estate Partners hired Jon Cowen as senior vice president in the Phoenix office. A well-known name in the Arizona market, Cowen brings a wealth of experience and relationships to SRS. He will focus on representing local and national retailers, shopping center leasing and development and investment sales. Cowen has more than 24 years… Read More →

Now That ICSC Dust Has Settled, The Real Work Begins

  With more than 33,000 attendees at the 2013 ICSC RECon in Las Vegas, all are talking about the upbeat condition of the retail market and wanting to put together a deal. Now is when the real work begins. De Rito Partners had more than 30 agents and all of its principals attend the event.… Read More →

Retail: It’s a New Reality

by in Featured | Small Biz

As municipalities all across Arizona have seen their general funds strongly impacted over the last several years due in part to significant drops in sales tax revenue, the importance of a vibrant/strong retail sector has once again taken on a prominent role. With Arizona cities in some instances relying on retail sales taxes for up… Read More →