LAS VEGAS—GlobeSt.com caught up Monday evening of ICSC RECon's event with Donahue Schriber Realty Group at the Mandarin Bar at the Mandarin Oriental hotel. The firm tells GlobeSt.com that the fundamentals in retail remain strong.
“Donahue Schriber is very pleased with the continued activity that we see in the sectors where we do business: food, fitness, beauty, and service,” they tell GlobeSt.com.
Those thoughts also resonated with many other individuals we spoke to at the conference. For example, the Sembler Co. re-shifted its strategy to grocery-anchored centers about five years ago and is experiencing a lot of new activity as a result of the upswing in the sector. The firm's CEO, Ron Wheeler, tells GlobeSt.com that Sembler has nearly 600,000 square feet under development across the Southeast with strong growth in the grocery-anchored sector accounting for the majority of development.
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