We've got more ICSC RECon leftovers from Las Vegas last week, where we spent some time with Faris Lee CEO Richard Chichester and senior managing director Dennis Vaccaro to talk investments and interest rates. We asked Richard why he believes retail centers are offering the most dynamicinvestment today. Multifamily is peaking and pricing may be pushing into the bubble category. Industrial is safe, but if you look at the fundamentals, rents have gone down, he says.And office? Well, its commoditized andhard to build lasting relationships when tenants and companies are fundamentally changing how they use space.Richard also offered hispredictionon when interest rates could rise.Click the videoabove to find out.

Dennis says retail investors have been chasing more multi-tenant properties as caps have compressed in core and triple-net centers. (If we didn't know better, that would sound like directions for a video game.) For five years, there was a big segment of the multi-tenant industry that was unsellable, he says.