FORGET THE RANGERS; THE DEAL SHEET
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|We wouldn’t usually lead with a Dallas story, but we figured you’d welcome news from Texas that doesn’t mention the Rangers.|
|This morning, Bisnow DFW celebrated its first anniversary by hosting a Retail Summit with 300 at the Westin Galleria in Dallas. Regency Centers managing director John Delatour says new retail development opportunities are few and those that do exist tend to be infill. And don’t even think about greenfield developments, they’re completely dead. (That’s our Halloween tidbit.) "Making investments in our assets and upgrading shopping centers is getting us yields north of 10% in our existing portfolio," John says. Because the acquisition market is highly competitive, he says relationships with brokers and families that own projects have been the source of most acquisitions. Regency has one deal in Chicago and plans to buy two more there through that type of relationship. Other panelists: Quadrant Realty Finance’s Jason Piering, The Weitman Group managing director Bob Young, Haynes and Boone’s William Wilshusen, Weingarten Realty central region VP/director Gerald Crump, The Retail Connection Connected Development Services prez David Wilson, and Haynes and Boone’s Ann Saegert.|