ICSC RECon Day 2: PHOTOS and highlights

Players speak of broad disconnect between buyers and sellers, landlords and tenants.

New York /
May.May 23, 2016 12:05 PM

Under a warm sun and cool breeze, retail insiders took a gut check of the market. Al Laboz, principal at retail landlord United American Land, captured the mood of many.

“There will be more time for long lunches,” Laboz said. The general sentiment at the Wynn Las Vegas European pool Sunday afternoon and at several parties that night was a measured concern for the future — in large part, they said, because of a broad disconnect between buyers and sellers, landlords and tenants.

Casting a long shadow was the giant retailer Amazon, as many brokers and owners mulled the impact of their spouses or children doing more and more shopping online.

Ashkenazy Acquisition, for one, was finding deals by patiently looking at complex situations “with hair,” said Dan Levy, a partner at the firm.

But don’t let all the doom-and-gloom talk fool you: Sunday at ICSC is always an occasion to party, and this year was no different.

Many of the industry’s biggest players were at the Wynn European pool, including Jeff Sutton of Wharton Properties, Paul Massey of Cushman & Wakefield, Isaac and Haim Chera of Crown Acquisitions, Sam Chang of McSam Group, and Ralph Herzka of Meridian Capital Group. The cabanas were rammed with dealmakers sipping margaritas and talking shop, and the vibe was far more rambunctious than Saturday’s relaxed affair.

(To see photos and highlights from Day 1, click here)

(To see all ICSC RECon 2016 coverage, click here)

In the evening, Herrick Feinstein threw a private dinner at Tao, playing host to top developers and brokers including Jacob Klein of the Klein Group; Shibber Khan of the Criterion Group; Daren Hornig of Hornig Capital Partners; and Steven Hornstock of ABS Real Estate Partners.

And at Cabo Wabo, RKF entertained much of the same crowd that was hanging by the Wynn earlier in the day.

(All photos by Adam Pincus for The Real Deal)


Related Articles

arrow_forward_ios
ICSC’s Here, We Go event in Las Vegas
Fear and loathing at ICSC’s resurrected Vegas conference
Fear and loathing at ICSC’s resurrected Vegas conference
 Jeff Sutton of Wharton Properties, 25 West 34th Street in NYC (Google Maps)
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
Buyer scoops up Bronx ice cream site; Jeff Sutton sells in Brooklyn
Covid surge dims enthusiasm for ICSC Vegas conference
Covid surge dims enthusiasm for ICSC Vegas conference
Covid surge dims enthusiasm for ICSC Vegas conference
ICSC President Tom McGee and the Las Vegas Convention Center (ICSC via YouTube/Wikimedia)
What happens in Vegas: ICSC brings back in-person annual conference
What happens in Vegas: ICSC brings back in-person annual conference
ICSC President Tom McGee (ICSC via YouTube)
Shopping center trade group ICSC drops shopping centers from name
Shopping center trade group ICSC drops shopping centers from name
75 Canal Street West in Mott Haven, 354 Clarkson Avenue in Flatbush, and  69 Downing Street (Google Maps)
Beleaguered taxi kingpin gets $21.7M cash infusion
Beleaguered taxi kingpin gets $21.7M cash infusion
Jeff Sutton and 25 West 34th St. (Wharton Properties, Google Maps)
Jeff Sutton will replace Midtown retail space with hotel
Jeff Sutton will replace Midtown retail space with hotel
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...