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#291809 - 05/23/09 01:07 PM Las Vegas ICSC
El Luchador Offline
Member

Registered: 05/01/07
Posts: 220
Anyone here go? I go to the New York and Philly ICSC every year...this was my first Vegas show. I hear turnout was down, but still was a great show.

Was amazed at the size and style of the booths of some of the property owners.

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#291839 - 05/23/09 06:24 PM Re: Las Vegas ICSC [Re: El Luchador]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8391
Loc: georgia
Nope. There was one in Atlanta last year. That was when the market was starting to turn downward. Target announced at the time store openings were going from 121 expansions to about 79. Wal-mart was dropping every 2 out of 3 site locations they had chosen.

I am mainly on the land development side and very little is moving. The down payments banks want from developers to do a loan is to much. The cash players want to much of a deal and landowners are saying they will wait out the storm.

There are a few projects now Publix has committed to but the developers are waiting for the credit market to thaw so they can get the next round of construction loan funds at reasonable terms where the project is still viable.

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