The coasts are where retail opportunity is at, says LA’s Caruso Affiliated CEO Rick Caruso, who gave the keynote on Sunday at the National Retail Federation’s 2014 conference at Javits in NYC. He advises investors to sell Class-B or C but hold on to good real estate in good locations forever. San Francisco is a great example of an area that's exploding, he says. The coasts, specifically urban cores, are where the action has always been and where the action will always be. (What happens when a earthquake moves the coast?)
Coastal Real Estate Is Hot
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Caruso Affiliated CEO Rick Caruso
, National Retail Federation
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