Brokers and officials from commercial real estate firm Next Realty, which operates a busy office in Chicago, are in Las Vegas this week to attend the International Council of Shopping Centers’ RECon, the biggest convention serving the brokers, developers and managers who build, operate and lease space at shopping centers across the globe.
Next Realty’s Eteri Zaslavsky, who in 2012 led the raise of Next Realty Fund VII, a private equity fund targeting retail and parking investment opportunities, and Rebekah Carlson, director of marketing at the company, are blogging from the convention this week for REJournals.com.
Survey says, by Eteri Zaslavsky
While at dinner last night with a few real estate investors, developers and brokers, it became apparent that there are several views about the current state of the industry and its future.
Some folks were of the opinion that the market is healthy and values have room to grow, yet others questioned the current fundamentals and valuations. Despite the fact that there is a ton of capital chasing few good deals, are the current values justifiable and sustainable? Will the frenzy continue or will the music stop?
If you ask 100 real estate professionals this question, as in the classic American game show Family Feud, the answers will be divergent.