Eli Randel, director of business development at CREXi. Eli Randel, director of business development at CREXi.

“Approximately 95% or more of the country remain stuck in recession like conditions. While the collective GDP numbers indicate otherwise, and according to a recent poll only 21% of economists predict a recession in 2016, the distribution of wealth and growth remains disproportionate to the top percentile of earners while the majority of Americans have endured stagnant income growth for the last fifteen years and watched major living costs significantly increase.” Those thoughts are according to Eli Randel, director of business development at CREXi, who recently chatted with GlobeSt.com about his thoughts on all things retail. As GlobeSt.com previously reported, Randel heads the new CREXi Miami office for the firm.

“The result is dwindling disposable income, diluted buying power, and less money circulating as the top earners tend to spend approximately 5% of every marginal dollar while the rest spend about 90-110% of every marginal dollar. Low-end concepts like QSRs, discount retailers and drug stores will continue to prosper amidst stale economic conditions and impoverished tertiary markets,” he tells GlobSt.com.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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