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RECon 2010 Sound Bites: From CMBS To Wasilla

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The first two days of ReCon 2010, the annual convention of the shopping center industry, have produced some colorful quotes and sharp insights. What follows are some highlights from the trenches.

Leo Ullman, president, CEO and chairman of Cedar Shopping Centers, addressing the issue of vulnerable retail tenants and concepts in today’s marketplace during a panel discussion hosted by Marcus & Millichap:

"Both Borders and Barnes & Noble have gotten recent infusions of capital. They are not properties I would invest in so quickly. I think that they make money on the coffee shops and the gift items. They are asking to downsize, and they are not exercising their full renewal options. They are looking to renew for one year at a time. I see those two as doomed. I don’t think the book business is really viable.”

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