On the Floor at ICSC in New York
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Bisnow was on the scene of the ICSC New York Conference yesterday, where we snapped Urstadt Biddle Properties' James Aries, Forest City Enterprises CEO David LaRue, and ICSC CEO Michael Kercheval. You didn't buy enough PS4s, Xbox Ones, socks, Hug Me Elmos, and Monster High Dolls on Black Friday, we learned. Sales were weak this year, but retailers shouldn't fret: Overall November-December sales will be up 3.4% over last year, and 7% unemployment means more discretionary income to spend.
We also snapped Cushman & Wakefield Americas retail services leader Matt Winn (right, our Atlanta boy) with NY senior director Steven Soutendijk. The top three retail stories to watch in 2014, according to Matt: the continued rise of luxury as it branches into off-prime locations (think Ulaanbaatar couture); further urbanization worldwide as people move back to cities; and a greater focus on outlets ("on fire, everywhere, every brand," he says).
Department of Corrections:
In our recent 2500 Cumberland story, we accidentally swapped the roles of the brokers: Cassidy Turley's Glenn Kolker and Sonia Winfield are Granite's third-party leasing team, and Rich Real Estate's Kirk Rich and Parkside Partners' Kyle Jenks repped the tenant, Sterling Risk.