February 14, 2020
The general refrain at Connect Retail West from a day of thought leadership on the state of the 2020 retail market can be summed up simply as “don’t believe the hype, it is not an apocalypse.”
Far from a doom and gloom take, performance tells a different story. Lenders are lending, assets are trading (Festival Companies announced a contract from the stage…stay tuned), tenants evolve and vested owners are programming for consumers, and when they do, the right tenant mix follows.
All that was punctuated by a keynote with Donahue Schriber CEO Patrick Donahue, who in a one-on-one with Connect Media Founder Daniel Ceniceros offered relevant insights for the retail history of now and his confidence in his overall fundamentals, a $3.5 billion-plus portfolio shopping center owner’s take on the current market climate, and the upcoming “5th Annual Orange County Real Estate Luncheon” in support of Orange County’s Veterans this April 23, 2020.
Stay tuned for next week’s panel-by-panel breakdown as Connect Media delves into the specifics of each panel. Until then, here are comments from the floor at Connect Retail West to punctuate the above:
“I am here to make sure the market knows that opportunity exists in the retail market space. While there is turbulence and change, that hasn’t disrupted our bank’s allocations to a broad spectrum of retail. We are financing land, bridge, ground up, stabilized earn out and a full range of quality sponsor needs.” – Jim Wiegandt, Banc of California
“Despite the news outlets portraying the retail industry as an “apocalypse” the conversations we had at the Connect Retail West conference quash this notion. The retail landscape remains resilient. Investors and developers are holding strong by adjusting to the demands of the new generation of consumers.” – Amanda Donson, Allen Matkins
Pictured, from left: Daniel Ceniceros and Patrick Donahue.
For comments, questions or concerns, please contact Chris Egger