IRVINE, CA—Labor shortages and rising construction costs are some of the concerns panelists at RealShare Orange County here last week have as we move further into the recovery. The after-effects of the recession are being felt across the region as the market revs up again.

“Local Leaders Power Panel” moderator Kurt Strasmann, senior managing director of CBRE, said 6% of all retail sales are conducted via the Internet, a number which is expected to grow to 30% by the year 2030. Peter Rooney, president, commercial development division, Sares-Regis Group, said is the biggest player in the world, and e-commerce is changing the way retail is happening. While bricks-and-mortars are shrinking their footprints, retailers are adding on to their distribution centers to accommodate e-commerce.

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