INDUSTRY FOCUS
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HOW IS THE RETAIL MARKET LOOKING?
You’ve got a little more gas on the fire with the elections being over and people have a pretty positive outlook. On the positive side of things, the coffee guys and quick service restaurants are coming to town and paying at record pricing for their spaces. As you get into larger users, it’s obviously getting pretty scary with what’s happening in retail right now. Payless filed bankruptcy. Bebe is shutting all their stores down. Everybody thinks Sears is closing. There’s a lot of reshuffling happening. A lot of that momentum has shifted to the industrial side of the business. We are looking at the retail sector and trying to figure out where the opportunities are going to open up from the stress. – Brendan Keating
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