LAS VEGAS-Westwood Financial keeps its focus tight. The play has always been neighborhood necessity retail, preferably with a grocery anchor. In this exclusive video interview from RECon 2014, executive vice president Joe Dykstra explains how that approach has allowed Westwood to avoid many of the changes—such as the upheaval in big-box retail—that have plagued the market. In short, he says the focus is not on the retailer but on “location, location, location.”
In the interview, Dykstra explains:
- What markets he's targeting and how he selects them;
- Some of the newer trends in leasing for grocery-anchored retail; and
- The dynamic that exists between need- and want-based buying.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
