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Recession Over?

Chicago

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Recession Over?
Yesterday, a panel at the Commercial Real Estate Council luncheon reported that some retailers are actually starting to gain ground  this year. And we don't just mean booksellers handling Dan Brown's new novel.
 
Recession Over?
At the East Bank Club, the panel included James Kaplan Companies'Jim Kaplan, NextRealty's Marc Blum, CB Richard Ellis' Sharon Kahan, and Sierra Realty Advisors' Marc Offit.  Sharon said that dollar stores, quick serve restaurants, and even some fashion retailers, like Jos. A. Bank and Kohl's, were the top retailers for '09 and anticipated to grow again in '10. She also forsees the relocation of discount stores to luxury corridors, like the new Aldi in the Clybourn Corridor.
 
Recession Over?
Stout Risius Ross' Jeff Pelegrin and Korin Arvila, here with Harris Bank's Timothy Rooney, were hoping to learn more about the value of retail properties since they're appraising a portfolio of them across the country. Even in the recession, their business has stayed busy: Everyone wants to know just how bad it is.