Commercial Real Estate Bustling
Industry News | Retail
Deals were made and relationships built at ICSC Las Vegas, the planet’s largest retail conference, which drew a number of Santa Fe and Albuquerque commercial real estate agents and mall/shopping center operators.
And Las Vegas, Nev., could well be where the companion tenant to Dutch Bros on the former Cheeks location ends up having been found.
The big ICSC Las Vegas conference, held in mid-May, was the first in three years due to the coronavirus pandemic. The world has changed since then, in ways that were not predictable during the lockdown of 2020.
Turnout for ICSC had not totally recovered, with 22,000 attendees rather than the usual 33,000 and more, but retail “speed dating” was as vivid as ever.
“I definitely have more business than I can handle at this time,” Tai Bixby said. “Southwest Cerrillos Road, all of that, is slated for build-out in the next
“You were able to connect more with people this year,” Genieve Posen, an adviser at NAI SunVista, an Albuquerque commercial real estate firm with a Santa Fe office. “We were in scheduled meetings, but we were able to get impromptu meetings with retailers we didn’t get to meet with before the pandemic. I would call it speed dating in its most honest form.”
For decades, ICSC was the International Council of Shopping Centers, but last year the organization changed its name to Innovating Commerce Serving Communities.
The group brings together retailers, brokers, developers, builders, city officials, investors and tech people. Brokers take their best elevator speeches to woo retailers who don’t quite measure Albuquerque and Santa Fe at the same level as Phoenix, Denver and Dallas.
Read the whole article here in the Santa Fe New Mexican.
For more information on commercial real estate opportunities throughout New Mexico contact Tai Bixby & Genieve Posen.